Which is the fastest growing region in Isobutylene Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Isobutylene Market?

In 2024, the Asia-Pacific accounts for the largest market share in Isobutylene Market. Read More

What years does this Isobutylene Market cover?

The report covers the Isobutylene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Isobutylene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Isobutylene Market Size

Market Size of Isobutylene Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR	> 4.00 %
Fastest Growing Market	Asia-Pacific
Largest Market	Asia-Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Isobutylene Market Analysis

The global Isobutylene market is projected to register a CAGR of more than 4% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.

High demand for isobutylene from the aerospace and automotive industry is expected to drive market growth significantly.
On the other hand, the availability of alternative substitutes in the market is expected to hinder the expansion of the market.
Further, technological advancement and product innovation in the market is expected to provide growth opportunities in the coming years.
The Asia-Pacific region is expected to grow the fastest over the next few years, with major consumption from countries like China, India, and Japan.

Isobutylene Industry Segmentation

Isobutylene is a colorless gas with a mild odor of petroleum. Isobutylene is utilized as an intermediate in the manufacture of a wide range of products. It is used in the manufacture of aviation gasoline, other chemicals, antioxidants for food, packaging, plastics, etc., among others. The Isobutylene market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into Methyl Tert-Butyl Ether and Ethyl Tert-Butyl Ether. By end-user industry, the market is segmented into aerospace, automotive, rubber, pharmaceuticals, and other end-user industries. The report also covers the market size and forecasts for the market in 15 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

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Isobutylene Market Size Summary

The global isobutylene market is poised for steady growth, driven by robust demand from the aerospace and automotive sectors. Despite the initial setbacks due to the COVID-19 pandemic, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The aerospace industry, in particular, benefits from isobutylene's role as a fuel additive, enhancing fuel efficiency and reducing emissions. This demand is further bolstered by the growth in commercial aviation and the increasing number of aircraft deliveries, particularly in North America. However, the presence of alternative substitutes poses a challenge to market expansion, while technological advancements and product innovations present new opportunities for growth.

The Asia-Pacific region is anticipated to be the fastest-growing market for isobutylene, fueled by the expanding automotive, aerospace, and pharmaceutical industries in countries like China, India, and Japan. The region's automotive production, especially in China, remains a significant driver of isobutylene consumption. The aerospace sector in Asia-Pacific is also expected to see substantial growth, further supporting market demand. The fragmented nature of the isobutylene market features key players such as Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., and BASF SE, among others, who are actively involved in strategic initiatives to enhance production capabilities and meet the rising demand.

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Isobutylene Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 High Demand For Isobutylene From The Aerospace And Automotive Industry
  2. 1.1.2 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 The Availability of Alternative Substitutes
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 Product Type
  1. 2.1.1 Methyl Tert-Butyl Ether
  2. 2.1.2 Ethyl Tert-Butyl Ether
2. 2.2 End-Use Industry
  1. 2.2.1 Aerospace
  2. 2.2.2 Automotive
  3. 2.2.3 Antioxidants
  4. 2.2.4 Pharmaceuticals
  5. 2.2.5 Other End-Use Industries
3. 2.3 By Geography
  1. 2.3.1 Asia Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa

Isobutylene Market Size FAQs

What is the current Isobutylene Market size?

The Isobutylene Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Who are the key players in Isobutylene Market?

Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Sumitomo Chemical Co., Ltd., BASF SE and Honeywell International Inc. are the major companies operating in the Isobutylene Market.