Know More About “Isobutanol Market 2014-2022” Growth Worldwide…..|Grand View Research, Inc.


The global isobutanol market is expected to reach USD 1.18 billion by 2022, according to a new report by Grand View Research, Inc. Growing isobutanol demand across various end-use industries such as oil & gas and chemical intermediates is expected to drive its demand over the forecast period. Emergence of isobutanol as a platform chemical for producing isobutyl esters has also helped in market penetration. Intrinsic properties associated with isobutanol such as medium volatility and limited miscibility is expected to positively impact market growth.
Synthetic isobutanol was the largest product segment and accounted for 58.1% of total market volume in 2014. Bio-based Isobutanol is expected to witness the highest growth of 7.0% from 2015 to 2022. Growing environmental and toxicity concerns coupled with high rate of commercialization of bio-based isobutanol at cheaper prices may be attributed towards product demand. Bio-based isobutanol is extensively being used in renewable jet fuels that provide low carbon footprints and cleaner burning.
Global isobutanol market size was estimated at 552.4 kilo tons in 2014. It is used as a raw material for the production of various chemicals including cleaners & coating solvents, isobutyl esters, extractant for pharmaceutical products, textiles, cleaners & polish additive, gasoline additive, agricultural chemicals, and biofuel. Intrinsic properties associated with the product including limited miscibility and medium volatility is expected to drive its demand over the forecast period.

The chemical has also emerged as a major platform chemical for producing isobutyl acetate. Isobutyl acetate is widely used in the production of coatings and as a flavoring agent in food industry. Growing processed foods industry in various emerging economies including China, Brazil, India, and Mexico is anticipated to drive isobutyl acetate demand. This factor, in turn, is projected to have a positive effect on isobutanol market growth.
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https://www.grandviewresearch.com/industry-analysis/isobutanol-market/request/rs4
Further key findings from the report suggest:
·         Global isobutanol market demand was 552.4 kilo tons in 2014 and is expected to grow at a CAGR of 6.0% from 2015 to 2022
·         Chemical intermediate was the largest application segment and accounted for 46.0% of total market volume in 2014. The segment is expected to gain share over next seven years on account of rapid expansion of petrochemical industry particularly in Middle East and Asia Pacific.
·         Oil & gas is expected to witness the highest growth of 6.4% from 2015 to 2022. Growing gasoline additives owing growing demand for high performance/clean fuel is expected to drive this segment over the forecast period.
·         Asia Pacific was the leading regional market with demand share estimated at 40.1% in 2014. High rate of utilization across various end-use industries in India, China, Vietnam and Indonesia is expected to drive the regional market. Rapid expansion of integrated refineries in the region is also expected to have a positive impact on the market growth.    
·         Developed markets of North America and Europe are characterized by shifting consumer preference towards environmental friendly products and stringent regulatory framework for manufacturing various petrochemicals.
·         Key players having majority stake in the industry include BASF, The Dow Chemical Company, Eastman Chemical Company, Toray, Fitesa, Formosa Plastics Corp., Oxea GmbH, Mitsubishi Chemical Corporation, Perstorp Holding AB and Sasol Ltd. 
In the recent years, research has established that isobutanol is a feasible alternative solution to gasoline due to the its composition with energy. Several companies operational in the ecosystem of isobutanol have concluded that isobutanol is a next-generation biofuel that can cater a widespread array of applications.
Chemical intermediates were the largest application segment and accounted for over 45% of total market volume in 2014. The segment is anticipated to witness rapid growth over next seven years on account of rising requirement of these intermediate chemicals in various end-use industries including automotive and construction.
Oil & gas is anticipated to witness the fastest growth over the forecast period owing to rising jet fuels and other downstream products demand such as diesel and gasoline. Low crude oil prices in the recent past have revived high performance gasoline and diesel demand which is further estimated to steer growth in the segment over the next few years. The segment is anticipated to grow at an estimated CAGR of 7.2% from 2015 to 2022.
Browse Press Release of this report:
https://www.grandviewresearch.com/industry-analysis/isobutanol-market
Grand View Research has segmented the isobutanol market on the basis of product, application:
Isobutanol Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Synthetic Isobutanol
·         Bio based Isobutanol
·         Others
Isobutanol Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Oil & Gas
·         Solvents & Coatings
·         Chemical Intermediate
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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