A plethora of end-user industries such as transportation, plastics, rubber, and cosmetic sectors have been excessively dependent on fossil fuels and fossil fuel-based intermediates. Fossil fuels and their allied products are the major sources of air pollutants, which are responsible for surging carbon footprint worldwide. Therefore, the ratio of bio-based, renewable, and cleaner conventional fuels to fossil fuels becomes important for moving toward becoming a circular, sustainable, and bio-based economy.
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The demand for liquified petroleum gas (LPG) and natural gas in the transportation industry has grown at a slow rate of 1.8% per annum in the past five years (2016-2020), owing to regulatory policies in favor of cleaner and alternative fuels. In addition, many developed economies and countries of the European Union are promoting alternative and renewable energy sources for transport and polymer production. Besides, European Union countries and the U.S. have set a target to mitigate the greenhouse emissions by at least 25-30% by 2030. This, in turn, is expected to enhance the share of bio-based and renewable fuels in the coming decade (2020-2030).
Bio-isobutene is a bioderived variant of conventional isobutene, which finds its application in a myriad of end-user industries such as fuel and fuel additives, butyl rubber, cosmetics and personal care industry, lubricants, and green plastics. The development of bio-isobutene focuses on socio-economic and environmental sustainability in the gross isobutene value chain. The value chain includes the conversion of wheat straw and other suitable bio-based waste into bio-isobutene and its derivative oligomers such as diisobutene, triisobutene, tetrabutene, and polyisobutylenes.
The lavishing growth in the global bio-isobutene market is backed by the ongoing demand for cleaner and bio-based fuels in Europe, along with emerging demand from the U.S. and Canada. The increasing number of application areas for bio-isobutene products is projected to surge the demand for specialty fuel grade and polymer grade bio-isobutene. Fuel grade bio-isobutene is projected to be increasingly adopted by the transportation industries, primarily in the aviation sector for premium grade jet fuel.
Europe is the fulcrum of bio-isobutene innovation and development, and the region is expected to dominate during 2022-2025. The growth is expected on account of the increasing focus of environmental regulatory bodies to replace a major share of fossil fuel and fossil fuel-based products with bio-based and renewable fuel. Therefore, the region opens many opportunities for existing and startup bio isobutene players to expand their businesses.
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Currently, bio-isobutene project is being backed by the public-private partnership of the European Union and the Bio-Based Industries Consortium (BIC) under the European Horizon 2020 program. The companies under bio-based industries joint undertaking (BBI-JU) include Global Bioenergies, Clariant, Ineos, and TechnipFMC, which are involved in bio-isobutene development and commercialization. The product is expected to commercialize by 2022, and countries across the globe is anticipated to be dependent on countries such as Germany, and France to fulfill the demand for bio-isobutene during 2022-2025.
Isobutene Market Isobutene or isobutylene are colourless gas which have petroleum like fragrance and are widely used in applications such as automotive, aerospace, antioxidants, and pharmaceutical.Isobutene market will reach an estimated valuation of USD 35.22 billion by 2027, while registering this growth at a rate of 4.60% for the forecast period of 2020 to 2027.
Growing demand for isobutene from automotive industry will create new opportunity for the market.Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-insect-growth-regulators-igrs-marketMarket Drivers and Restraints:On the basis of application, the isobutene market is segmented into automotive, aerospace, antioxidants, pharmaceutical and other applications.The product segment of the isobutene market is segmented into methyl tert-butyl ether and ethyl tert-butyl ether.Based on end- users, the market is segmented into butyl rubber, MMA, PIB and others.
The major players covered in the Isobutene marketLyondellBasell Industries Holdings B.V., TPC Group, Honeywell International Inc., SONGWON, LANZATECH., Praxair Technology, Inc., Exxon Mobil Corporation, BASF SE, Evonik Industries, YEOCHUN NCC CO., LTD., Global Bioenergies, TPC Group, VINATI ORGANICS LIMITED, Chandra Asri Petrochemical, among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.MAJOR TOC OF THE REPORTChapter One: Isobutene market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Isobutene Market Competition, by PlayersChapter Four: Global Isobutene market Size by RegionsChapter Five: North America Isobutene market Revenue by CountriesChapter Six: Europe Isobutene market Revenue by CountriesChapter Seven: Asia-Pacific Isobutene market Revenue by CountriesGet Detail TOC@https://www.databridgemarketresearch.com/toc/?dbmr=global-isobutene-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Isobutene marketAnalysis of market effect factors and their impact on the forecast and outlook of the global Isobutene marketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Isobutene marketA roadmap of growth opportunities available in the global Isobutene market with the identification of key factorsThe exhaustive analysis of various trends of the global Isobutene market to help identify market developmentsKey Questions Answered in Report:What is the key to the Isobutene market ?What will the Isobutene market Demand and what will be Growth?What are the latest opportunities for Isobutene market in the future?What are the strengths of the key players?Access Full Report@https://www.databridgemarketresearch.com/reports/global-isobutene-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Matting Agents MarketMedicinal Chemistry for Drug Discovery MarketMelamine Formaldehyde Market
The latest trending report Global Isobutene Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Isobutene market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Isobutene industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Isobutene and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/24901-isobutene-market-analysis-reportThe major players covered in Isobutene are: Lyondell Basell Sumitomo Chemical Nizhnekamskneftekhim TPC Group Yuhua Group Exxon Mobil Qifa Chemical Evonik Enterprise Products Partners Yuhuang Chemical Songwon Weifang Binhai Qixiang Sinopec Beijing YanshanBy Type, Isobutene market has been segmented into MTBE Cracking Tert-butanol (TBA)By Application, Isobutene has been segmented into: Butyl Rubber MMA PIB OtherThe report offers in-depth assessment of the growth and other aspects of the Isobutene market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Isobutene Market @ https://www.decisiondatabases.com/contact/download-sample-24901The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Isobutene product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Isobutene, with price, sales, revenue and global market share of Isobutene in 2018 and 2019.Chapter 3, the Isobutene competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Isobutene breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Isobutene market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Isobutene sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Isobutene Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-24901Other Reports by DecisionDatabases.com:Global Polybutene-1 (Resin) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Polybutene Market by Manufacturers, Regions, Type and Application, Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
San Francisco, 19 June 2020 — “Isobutene Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2027” Global Isobutene Market is estimated to reach USD 30.71 billion by 2024 owing to the rise in demand for rubber from automotive industry.
Chemically, it holds reactions of olefins like electrophilic addition, oxidation, hydrogenation, and polymerization.
Isobutene is a base material for numerous final products and intermediates like butyl rubber, polyisobutene, alkyl-tert-butyl ether, isoprene, methyl methacrylate, diisobutene, mercaptanes, tert-butanol, vitamins, fragrances, alkylphenols, antioxidants, methacroleine, synthetic resins, adhesive resins, tackifiers, methacrylicacid and PMMA.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/isobutene-market/request-sample Isobutene industry is categorized on the basis of product, application, and geography.
On the basis of product, the market is divided into Methyl Tert-butyl Ether (MTBE) and Ethyl Tert-butyl Ether (ETBE).Methyl Tert-butyl Ether (MTBE) is the type of the market and is expected to grow significantly in the coming years owing to its increasing preference over Ethyl Tert-butyl Ether (ETBE).
Owing to the increasing preference of isobutylene in the production of several synthetic chemical products, Asia Pacific region is predicted to dominate the market.
