Isobutanol Market Key Players Analysis, Growth Prospect and Future Scenario till 2022
Global Isobutanol Market is expected to reach USD 1.18 billion by 2022. Isobutanol is also termed, as isobutyl alcohol, 2-Methylpropan-1-ol, or 2-Methyl-1-propanol is an organic compound with the molecular formula (CH3) 2CHCH2OH and molecular weight 74.123 g/mol. it is a colorless aliphatic alcohol and is a flammable liquid. It is exclusively used as a solvent in chemical reactions and as a starting material for organic synthesis. It is mainly found as a volatile constituent of urine and rises from gut microbial metabolism.
Global Isobutanol Market is expected to reach USD 1.18 billion by 2022. Isobutanol is also termed, as isobutyl alcohol, 2-Methylpropan-1-ol, or 2-Methyl-1-propanol is an organic compound with the molecular formula (CH3) 2CHCH2OH and molecular weight 74.123 g/mol. it is a colorless aliphatic alcohol and is a flammable liquid. It is exclusively used as a solvent in chemical reactions and as a starting material for organic synthesis. It is mainly found as a volatile constituent of urine and rises from gut microbial metabolism.
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Isobutanol Market Key Players Analysis,
Growth Prospect and Future Scenario till
2022
“The Isobutanol Market is estimated to grow at a significant CAGR of 6.0% over the forecast period as the scope and its
applications are rising enormously across the globe.”
Global Isobutanol Market is expected to reach USD 1.18 billion by 2022. Isobutanol is also termed, as isobutyl
alcohol, 2-Methylpropan-1-ol, or 2-Methyl-1-propanol is an organic compound with the molecular formula (CH3)
2CHCH2OH and molecular weight 74.123 g/mol. it is a colorless aliphatic alcohol and is a flammable liquid. It is
exclusively used as a solvent in chemical reactions and as a starting material for organic synthesis. It is mainly found
as a volatile constituent of urine and rises from gut microbial metabolism.
The Isobutanol Market is estimated to grow at a significant CAGR of 6.0% over the forecast period as the scope and
its applications are rising enormously across the globe. Rising demand amongst end users like chemical and oil & gas
and its properties like limited miscibility and medium volatility are documented as major factors of Isobutanol Market
that are estimated to enhance the growth in the years to come. However, fluctuations in pricing and supply of crude
oil may restrain overall market growth in the coming years. Isobutanol industry is segmented based on type, end
user, and region.
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Bio-based isobutanol and synthetic isobutanol are the types that could be explored in Isobutanol Market in the
forecast period. Synthetic isobutanol sector accounted for the substantial market share of Isobutanol in terms of
volume and is estimated to lead the overall market in the coming years. This may be because of high demand from
developing countries like China and India. Also, bio-based isobutanol is estimated to grow at fastest pace in the
coming years.
The market may be categorized based on end users like textiles, paints & coatings, chemicals, oil & gas,
pharmaceuticals, and others that may be explored in the forecast period. Paints & coatings sector comprise wood
coatings, automotive, and others. Chemicals sector accounted for the significant market share of Isobutanol and is
estimated to lead the overall market in the coming years. This may be because of high demand from construction
and automotive industries. Also, oil & gas sector is estimated to grow at fastest pace in the coming years.
Globally, Asia Pacific accounted for the substantial market share of Isobutanol and is estimated to lead the overall
market in the coming years. The reason behind the overall market growth could be growing several industries like
construction, oil & gas, and petrochemicals in developing countries. Instead, Europe and North America are also
estimated to have a positive influence on the future growth. Europe is the second largest region with significant
market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost
period.
The key players of Isobutanol industry are Perstorp Holding AB and Sasol Ltd., BASF, Mitsubishi Chemical Corporation,
The Dow Chemical Company, Oxea GmbH, Eastman Chemical Company, Formosa Plastics Corp., Toray, and Fitesa.
These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As
companies all over the world have to believe that alliance with a market would permit them proportional market
existence and authority to declare the leadership position.
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Market Segment:
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
Isobutanol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• Asia Pacific
• China
• India
• Central & South America
• Middle East & Africa
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