Isobutanol Market to Reach USD 1555.8 Million By 2027 | CAGR: 6.4% | Reports And Data

The growing application in paints & coatings and growing demand for manufacturing in various chemical intermediates are driving the demand for the market

Market Size - USD 977.3 Million in 2019, Market Growth - CAGR of 6.4%, Market Trends - growing downstream industries

News provided by

Reports And Data

Sep 02, 2020, 09:00 ET

NEW YORK, Sept. 2, 2020 /PRNewswire/ -- The Global Isobutanol Market is forecast to reach USD 1555.8 Million 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 has 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.

Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/3491

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 its higher energy content, isobutanol, as a biofuel, is favored to ethanol and follows EPA pollution goals.

COVID-19 Impact Analysis:

Isobutanol is a solvent used in the manufacturing of personal care goods or disinfectants. The current epidemic of COVID-19 has led to a significant rise in the production and use of hand sanitizers and surface disinfectants, thereby positively influencing demand. Manufacture and supply increased, which was beneficial for manufacturers, dealers, and consumers. The market would continue to rise with the growing healthcare concerns and an increasing need to maintain hygiene. Even after the pandemic, the market is estimated to continue to escalate as the ongoing virus has increased the focus on healthcare, creating more awareness among customers.

To identify the key trends in the industry, click on the link below:

https://www.reportsanddata.com/report-detail/isobutanol-market

Further key findings from the report suggest

Chemical intermediates were the leading product group and constituted 46.54% of the overall value of the industry in 2019. Due to the rapid development of the petrochemical industry, especially in the Middle East and the Asia Pacific, the segment is anticipated to gain market share in the coming years.
The fastest growth of 6.6% from 2020 to 2027 is anticipated for bio-based isobutanol. Rising environmental and toxicity issues coupled with high selling levels of bio-based isobutanol at lower prices can be due to demand for the chemical. Bio-based isobutanol is widely used in low carbon emissions and cleaner-burning green jet fuels.
The APAC is expected to intensify with an estimated 6.4% CAGR, due to the booming oil & gas industry, the demand in emerging nations such as China and India is rising. The government has taken steps for urbanization, and industrialization has led to the rapid growth of the production sector in the country, which will have a significant impact on regional growth.
Established markets of North America and Europe are distinguished by changing customer interest to environment-friendly products and a tight regulatory system for the manufacture of various petrochemical products.
Key participants 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., among others.

Order Now: https://www.reportsanddata.com/checkout-form/3491

For the purpose of this report, Reports and Data has segmented the Global Isobutanol Market on the basis of product, distribution channel, application, and region:

Product Outlook (Revenue, USD Million; 2017-2027)

Synthetic
Bio-based
Others

Distribution Channel Outlook (Revenue, USD Million; 2017-2027)

Online
Offline

Application Outlook (Revenue, USD Million; 2017-2027)

Oil & Gas
Solvents & Coatings
Chemical Intermediate
Others

Regional Outlook (Revenue, USD Million; 2017-2027)

North America

U.S.
Canada

Europe

Germany
U.K.
France
Benelux
Rest of Europe

Asia Pacific

China
Japan
South Korea
Rest of APAC

Middle East & Africa

Saudi Arabia
UAE
Rest of MEA

Latin America

Brazil
Rest of LATAM

Have a Look at Similar Research Reports:

Phenylethylamine Market - The increasing usage of anti-depressant & neutraceutical products, coupled with a growing emphasis on premium & luxury personal care products in developing regions, is driving the demand for the market.

Levulinic Acid Market - A growing demand for levulinic from the agricultural sector is one of the significant factors influencing the market growth.

Ethylene Glycol Market - The expansion of major end-use industries and associated elevated demand for glycol ethers, the rising demand for water-based surface coatings, have resulted in boosting the Glycol Ethers market.

Inorganic Microporous Adsorbents Market - Growing applications in chemical processes coupled with rising applications in petroleum and gas refinery are some of the main factors propelling market growth.

Adsorbents Market - The growing demand of the Adsorbents in the Petroleum Refining Sector, along with the increased application in the chemical process industry, will boost the market growth.

Anhydrous Aluminium Chloride Market - The upswing in industrialization, increasing use of anhydrous aluminum chloride as a catalyst, rise in domestic production of dyes and chemical pigments, increased use in consumer goods, cosmetics, and pharmaceuticals are key factors contributing to high CAGR of anhydrous aluminum chloride market during the forecast period.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]

LinkedIn | Twitter | Blogs

Read full Press Release at : https://www.reportsanddata.com/press-release/global-isobutanol-market

SOURCE Reports And Data