Isobutanol Market Outlook, End Users Analysis and Share by Type to 2022
31th Dec 2020 - 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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Market Report with TOC @ https://www.millioninsights.com/industry-reports/isobutanol-market
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
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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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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