Global Isobutene Market by Product (Ethyl Tert-Butyl Ether, Methyl Tert-Butyl Ether) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2015, the global market for isobutene was worth USD 20.61 million. The industry is expected to grow due to high demand from the aerospace and automotive industries. This chemical is used extensively in rubber tires and tubes, as well as in fuel additives in aerospace applications.

Isobutene, or isobutylene, is primarily used in the production of polybutylene (butyl-rubber) and as an intermediate to manufacture methyl tertiaryl ether. These products are used in plastic wrapping, hot melting adhesives, compounding and masterbatches as well as niche markets such as electrical insulation and compression packaging and wires and cable.

The chemical is an industrial hydrocarbon, meaning it has wide applications in a variety of industries, including automotive, aerospace, pharmaceutical. It is made by fractionating refinery gases and catalytic cracking methyl tertiaryl ether. Its use in many applications, including fuel additives and polymers, is expected to drive significant growth worldwide.

Evonik Industries tripled their production capacity at their Antwerp facility, Belgium. This is in response to increasing global demand and making them a major producer in Europe. Global BioEnergies, one of the largest companies in Europe, has taken steps to create sustainable isobutene using renewable resources like corn biomass. This will help to reduce isobutene's environmental impact and to alleviate the supply problems.

Bio-based alternatives are also helping to overcome other sustainability concerns associated with isobutene derivatives and isobutene. These developments are being encouraged by various governments, who offer tax incentives and tax benefits to encourage the production of isobutene using renewable resources.

Product Insights

The dominant segment of the isobutene market was methyl tert-butyl ether, which accounted for 80.0% global volume in 2015. It has wide applications in aerospace and automotive. Polymerization of isobutylene, isoprene and isobutylene is used to refine the product for butyl rubber manufacturing. The automotive and pharmaceutical industries use extensively.

While the many benefits and benefits of MTBE are well-known, the U.S. banned its use due to the health risks it poses in the form of leakage into our atmosphere. More than 90% of methyl Tertiary Butyl Eth is used in gasoline to boost octane and as an oxygenate. It is ideal for use in gasoline with higher octane grades due to its high octane numbers. It is more transportable than ethanol, has a superior performance in reducing gasoline benzene, formaldehyde, and has a lower volatile organic compound.

ETBE is a biofuel that is mainly derived from ethanol and isobutylene. Because of its high octane and low vapor pressure, along with its boiling point, it is a good component for petrol blending. Refiners can meet bio-component and octane requirements by using this component. This allows companies to comply with environmental standards and adapt to changes in the gasoline trade dynamics. This chemical is used to convert naphtha into petrol, or to make lower octane levels more powerful.

The forecast period will see an increase in demand for ETBE due to a variety of factors, including increased awareness about vehicle performance and strict regulatory norms mandating that consumers use environmentally-friendly fuel.

Application Insights

Elastomers made from isobutylene have unique properties that are suitable for automotive applications. These properties include low permeability to liquids and gases, superior damping, and chemical resistance. These elastomers can also be improved upon their thermal performance when they are halogenated.

Brominated isobutylene-co-paramethylstyrene exhibits similar properties, but also has inherent ozone resistance. These properties make the material an attractive choice for automotive applications such as dynamic parts, hoses and inner liners of tires. Its chemical properties are a key factor in the material's use as an anti-knocking agent for automotive fuel.

Alkylation of isobutene with butane results in isooctane which is widely used as an aviation fuel additive. Factors such as lower fares, increased foreign direct investment and liberalization of trade are driving significant growth in civil aviation.

The oil recommended by aircraft engine manufacturers is for different applications such as engine design, climate, location, and engine usage. Over the last two decades, the aviation industry has seen rapid growth due to the increasing importance of regional connectivity and rapid urbanization.

Regional Insights

Asia Pacific is one of the most important automotive markets. It is currently on the path to recovery from the 2009-2010 economic recession. These factors have led to increased consumer confidence and higher spending on passenger cars as well as light vehicles. APAC is expected to see a rise in product demand due to strong growth in the manufacturing sector and an increase in disposable income per capita.

The regional market will be driven by significant contributions from Southeast Asian countries like Thailand, Malaysia, Vietnam, and others. The region's developing countries are working hard to develop their automotive sector. These countries' governments are constantly focusing on trade liberalization programs as well as policy frameworks.

The U.S. automotive sector has seen a steady rise in sales and production, despite the economic downturn. Because of their rising disposable income, consumers are becoming more confident and opting to buy individual passenger cars rather than luxury models. These factors will drive MTBE consumption of rubber tires, tubes and other automotive components during the forecast period.

Isobutene Market Share Insights

Evonik and LyondellBasell N.V., two major companies, are integrated throughout the value chain to supply raw materials as well as other products made from isobutene for other end-use sectors. These companies not only have an advantage in terms of raw materials availability, but they can also maintain direct contact with their end-users.

Evonik, ExxonMobil and ABI Chemicals are the key manufacturers of isobutene. Praxair, Syngip BV LanzaTech, Honeywell International and LyondellBasell Industries are also important.

Isobutene Market Report Scope

These are the most frequently asked questions about this report

b. Global isobutene market was valued at USD 24.35 Billion in 2019, and is projected to grow to USD 25.48 Billion by 2020.

b. Global isobutene sales are expected to increase at a compound annual rate of 4.6% between 2016 and 2024, reaching USD 30.71 billion in 2024.

b. Asia Pacific was the dominant market for isobutene in 2019, with a 42.2% share. This can be attributed to the strong growth of the manufacturing sector in the region and an increase in disposable income.

b. b.

b. The market growth is driven by high demand for rubber tires and tubes, as well as fuel additives in the automotive and aerospace industries.

Up Market Research published a new report titled “Isobutene Market research report which is segmented by Product (Ethyl Tert-Butyl Ether, Methyl Tert-Butyl Ether), By Players/Companies Praxair, ABI Chemicals, Evonik, LyondellBasell Industries, ExxonMobil, LanzaTech, Syngip BV, Global Bioenergies, Honeywell International, BASF”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Isobutene Market Report Segments:

The market is segmented by Product (Ethyl Tert-Butyl Ether, Methyl Tert-Butyl Ether).

Isobutene Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Isobutene Market

Overview of the regional outlook of the Isobutene Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Isobutene Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Isobutene Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Ethyl Tert-Butyl Ether

                2. Methyl Tert-Butyl Ether

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Isobutene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Isobutene Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.