The global Isobutanol market is forecast to reach USD 1.56 Billion by 2027, according to a new report by Reports and Data. Rising demand for isobutanol through diverse end-use industries, including oil & gas and chemical intermediates, is anticipated to enhance its production over the forecast period. Isobutanol’s introduction as a synthetic medium for the development of isobutyl esters has also led to market penetration. Isobutanol-associated intrinsic characteristics such as medium volatility and minimal miscibility are considered to be favorable for market growth.
Overall, the production of effective and advanced technologies, increased demand from the paint and coating industries, building and automobile industries, increased packaged food industries in various developed countries, booming pharmaceutical industries and advantageous isobutanol properties such as medium flexibility, minimal miscibility, enhanced gloss and flow and prevented blushing are among the prime growth drivers for the market. Additionally, the marketing of bio-isobutanol manufacturing through biological fermentation expanded isobutene acceptance for use in newer vertical industrial economies, and developing economies such as China, India, and others will create new prospects for the global isobutanol industry.
Fluctuations in the price of crude oil are likely to impede the potential demand for petroleum-derived goods. Extensive R&D by some of the primary industry players has led to isobutanol development being commercialized by biological fermentation that could be used in jet fuel. The product is used for low carbon emissions and safer burning in green jet-fuel. Since the higher energy content, isobutanol, as a biofuel, is favored to ethanol and follows EPA pollution goals.
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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Isobutanol market and profiled in the report are:
BASF, The Dow Chemical Company, Eastman Chemical Company, Toray, Fitesa, Formosa Plastics Corp., Oxea GmbH, Mitsubishi Chemical Corporation, Perstorp Holding AB and Sasol Ltd. among others.
The research study further covers the expansion and scope of the market in the key geographies across the globe. It assesses the scope of the market on a global as well as country-wise level. The market is spread across the key regions that include: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a comprehensive analysis of the production and consumption patterns, import and export ratio, supply and demand dynamics, key trends and demands, consumer behavior, and presence and operations of prominent players in each region of the market.
The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2024-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.
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The report further segments the market on the basis of product types and application spectrum offered by the market.
Product Outlook (Revenue, USD Billion; 2017-2027)
- Synthetic
- Bio-based
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
- Oil & Gas
- Solvents & Coatings
- Chemical Intermediate
- Others
Regional Outlook (Revenue in USD Billion; 2017–2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Highlights of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Isobutanol Market Segmentation & Impact Analysis
4.1. Isobutanol Market Material Segmentation Analysis
4.2. Industrial Outlook
Continue….
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Isobutanol market and its competitive landscape.
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