NEW YORK, Oct. 19, 2021 /PRNewswire/ -- The isobutene market is expected to grow by USD 5.87 billion from 2021 to 2025, progressing at a CAGR of 3.52% according to the latest market report by Technavio.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, Chevron Phillips Chemical Co. LLC, Dayaram Chemicals Pvt. Ltd., Evonik Industries AG, LANXESS AG, Linde Plc, LyondellBasell Industries NV, Sumitomo Chemical Co. Ltd., and TPC Group are some of the major market participants. The growing demand for rubber from the automotive industry, demand in the manufacturing of fine chemicals, adhesives & antioxidants, and the rising demand for gasoline additives will offer immense growth opportunities. However, hazardous effects of isobutene derivatives might hamper the market growth.
Isobutene Market 2021-2025: Segmentation
Isobutene Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our isobutene market report covers the following areas:
Isobutene Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Isobutene Market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Isobutene Market 2021-2025: Key Highlights
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Isobutene Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.52% |
Market growth 2021-2025 |
USD 5.87 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.40 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 40% |
Key consumer countries |
China, Japan, Germany, US, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BASF SE, Chevron Phillips Chemical Co. LLC, Dayaram Chemicals Pvt. Ltd., Evonik Industries AG, LANXESS AG, Linde Plc, LyondellBasell Industries NV, Sumitomo Chemical Co. Ltd., and TPC Group |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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