[FURL=https://www.industryarc.com/Report/16148/isobutanol-market.html]Isobutanol market[/FURL] size is forecast to reach $1.03 billion by 2025, after growing at a CAGR of 5.36% during 2020-2025, owing to the rising demand for isobutanol from various end-use industries such as oil & gas, automotive, solvents & coatings, pharmaceutical, and more. A major part of Isobutanol is converted into derivates which are then used as solvents in the coating industry. Isobutanol prevents blushing of certain coatings when they dry under humid conditions and improve their flow, gloss, and resistance to blushing, due to which they are widely used as a diluent in cellulose nitrate lacquers. Key Takeaways
Asia Pacific dominates the isobutanol market, owing to the rising demand for isobutanol in the automotive, chemical, solvent, and coating sectors in the region. Increased urbanization and purchases are also the key factors driving the isobutanol market in APAC.
Isobutanol is produced by propylene carbonylation. The same products are obtained in Reppe carbonylation, but the hydrogenation is effected by the water-gas shift reaction.
Isobutanol as a chemical intermediate gives access to aromatics like p-xylene from biomass. The p-xylene can then be oxidized to form terephthalic acid or terephthalate esters.
Increasing consumption of isobutanol in the production of antibiotics, vitamins, and camphor along with the expansion of the medical and healthcare sector across the world is anticipated to fuel the demand for isobutanol over the forecast period.
Furthermore, increased demand for coatings across numerous industries such as building & construction, automotive, wood, and others is predicted to have a significant positive impact on the demand for the global isobutanol market in the upcoming years.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=16148[/FURL]
Isobutanol Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the isobutanol market in 2019 up to 42%, owing to the increasing chemical, and oil & gas industries in the region. The increasing population and per capita income are increasing the chemical and oil & gas industry in the region. According to the European Chemical Industry Council or Cefic, China was the world's largest chemical producer with EUR 1.198 billion in 2018, contributing 35.8 percent of global chemical sales in 2018. The BRIC countries (Brazil, Russia, India, and China) accounted for 42.8% of global chemical sales in 2018.
Isobutanol Market Drivers
Increase in Automotive Production
Increasing Construction Activities
Major players in the isobutanol market are BASF, The Dow Chemical Company, Eastman Chemical Company, Toray, Fitesa, Formosa Plastics Corp., Oxea GmbH, Mitsubishi Chemical Corporation, Perstorp Holding AB, and Sasol Ltd.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.