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Isobutanol is a colorless, low boiling isomer of butanol that is manufactured from propene through industrial process as well as from fermentation of carbohydrate substrates. Globally, development of efficient and advance technology, rising demand from paints and coating industry, construction, and automotive industries, increasing processed foods industry in various developing countries, flourishing pharmaceutical industry, and advantageous properties of isobutanol such as, medium volatility, limited miscibility, improve gloss and flow and prevent blushing are the prime growth drivers of global isobutanol market. In addition, commercialization of bioisobutanol production through biological fermentation, increase in adoption of isobutene for application in newer industrial vertical, and emerging economies such as China, India and others, will create new opportunities for global isobutanol market. However, volatile prices and availability of raw materials, availability of substitute compounds, and stringent government regulatioms are the key restraints for global isobutanol market.
Geographically Asia Pacific dominated global isobutanol market, followed by Europe. Asia Pacific is projected to have fastest growth, owing to rapidly increasing automobile industry, rise in industrial sector, increasing oil gas industry, development in construction sectors, and growing pharmaceutical in developing nations such as China, and India in this region. Among all the applications, chemical intermediates segment has the highest market share in global isobutanol market due to spur rising demand from automotive and construction industries. Synthetic isobutanol is the market leader among all types of isobutanol, with a market share of around 50%.
This report identifies the global isobutanol market size in for the year 20142016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global isobutanol market.
This report segments global isobutanol market on the basis of enduser, and regional market as follows:
The report has focused study on isobutanol market by basis of enduser such as: Oil Gas, Solvents Coatings, Chemical Intermediates, Automotive, Construction, Pharmaceuticals, and Others
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, AsiaPacific APAC, and Rest of the World RoW covering all the major country level markets in each of the region
This report identifies all the major companies operating in the isobutanol market. Some of the major companies' profiles in detail are as follows:
The DOW Chemical Company
Eastman Chemical Company
Formosa Plastics Corp.
Mitsubishi Chemical Corporation
Huntsman International Llc
Original Article: Isobutanol Market: By EndUser Oil Gas, Solvents Coatings, Chemical Intermediates, Automotive, Construction, Pharmaceuticals, Others By Geography Europe, Asia Pacific, North America, Rest of the WorldForecast 20162021 [Updated: 23022016] Prices from USDNEXT ARTICLE
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