Isobutanol Market 2018: Trends, Key Vendors Analysis, Import & Export, and Revenue by Forecast 2023

13/mar/2018 06:46:46 Market Research Future Contatta l'autore

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Isobutyl acetate, isobutyl acetate, isobutyl acrylate, isobutyl acrylate, and paint thinners. Isobutanol is miscible with all common solvents such as ketones, ethers, glycols, alcohols, aldehydes, and aliphatic and aromatic hydrocarbons. It is broadly used as a diluent in cellulose nitrate and offers to enhance their gloss, flow, and resistance to blushing. It is widely used in numerous end-use industries such as oil & gas, paint & coatings, chemicals, textiles, pharmaceuticals, and others on account of their excellent properties.

Some of the important factors that positively influence the growth of the Isobutanol Market are expanding building & construction industry, continuous growth of woodworking industry, and rising demand for marine & aerospace coatings. It is also used as flavoring agent in food industry hence increasing processed foods industry in developing countries are predicted to fuel Isobutanol Market over the assessment period. Moreover, growing population along with rising construction projects in various economies has increased the consumption of Isobutanol based coatings, which is likely, to propel the growth of the market over the assessment period, during 2017 to 2023. However, fluctuating crude oil price affects the raw material prices of Isobutanol, which in turn, is estimated to hamper the growth of the market in the next few years.

Competitive Analysis
The major players operating in the Isobutanol Market are BASF SE (Germany), Eastman Chemical Company (U.S.), Gevo (U.S.), Butamax® Advanced Biofuels LLC (U.S.), Sahara PCC (Saudi Arabia), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japan), OXEA GmbH (Germany), INEOS (UK), SIBUR (Russia), Lesaffre Advanced Fermentations (France) among others.

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Market Segmentation
The Global Isobutanol Market is based on the basis of the type, application, end use industry, and region. On the basis of the type, Isobutanol Market is bifurcated into bio-based and synthetic. Bio-based type segment is expected to be witnessed by the VOC emission level. On the basis of the application, the market is categorized into intermediate, solvent, solubilizer, extracting agent, additive, and others. In the Asia Pacific and the Middle East & Africa. On the basis of the end-use industry, the market is further classified into pharmaceuticals, oil & gas, paint & coatings, textiles, chemicals, and others. Segment over the estimated period.

Regional Analysis
The Asia Pacific is predicted to be the largest market for Isobutanol followed by Europe and North America. Various countries of the Asia Pacific such as Malaysia, China, India, Thailand, and South Korea are the fastest growing market for isobutanol. Europe is predicted to witness a moderate growth over the forecast period due to increasing demand for food and paints and coatings. In North America, countries such as the United States and Canada are predicted to moderate growth in the region. Emerging economies of the Middle East & Africa such as Turkey, Qatar, the United Arab Emirates,

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