Isobutene Market Outlook To 2024: Key Product Categories (Methyl Tert-Butyl Ether (MTBE), Ethyl Tert-Butyl Ether (ETBE)), Application (Automotive, Aerospace, Antioxidants, Pharmaceuticals) Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis, Segment Forecast And Conclusion

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The global isobutene market was valued at $24.7 billion in 2016 and is forecast to grow at a steady CAGR of 5.6% between 2017 and 2024, culminating in 2024 global sales of $38.1 billion.

 

Industry at a Glance

 

Increasing rubber demand from aerospace and automotive industry is anticipated to drive global isobutene market over the forecast period. Isobutene, also commonly referred to as isobutylene is primarily used producing polybutylene (butyl rubber) and as an intermediate for manufacturing methyl tert-butyl ether. They are extensively used in hot melt adhesives, compounding & masterbatches, wires & cables and electric insulation.

 

Governing guidelines intended at carcinogenicity of petrochemicals is set to influence market dynamics and product development sources. It is widely utilized as a precursor to numerous chemicals such as the polymerization reaction with isoprene for the manufacturing polybutene. The increasing demand for tires from automotive industry is anticipated to boost isobutene demand significantly over the forecast period.

 

Isobutene Market 2024

Pricing Analysis

 

“Optimal Price Point (OPP) for Isobutene Products”

 

Estimated Average Isobutene cost – $ xx globally. However, with improve in access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

Crude oil price volatility coupled with availability in sufficient volume is anticipated to shape up isobutene price trends in the coming years. Moreover, emergence of bio-based alternatives addressing sustainability issues is also slated to impact pricing strategies adopted by industry participants.

 

Product Outline

 

On the basis of product, the market has been segmented into methyl tert-butyl ether (MTBE) and ethyl tert-butyl ether (ETBE). MTBE was the leading product segment and accounted for over 75% of the overall revenue in 2016. It is widely used to produce butyl rubber, highly reactive polysiobutylene, methyl methacrylate (MMA) and other derivatives. It is also being used as a solvent and extractant. ETBE is primarily used as an oxygenate gasoline additive for producing gasoline from crude oil. ETBE possess superior characteristics that enables its usage as gasoline blending component for cleaner burning fuels. It can also be utilized as a sustainable biofuel due to presence of sustainable and bio-component raw materials.

 

Application Insights

 

On the basis of application, the market has been segmented into automotive, aerospace, antioxidants, and pharmaceuticals. Automotive emerged as the leading application and is expected to continue its dominance over the forecast period. Isobutene based elastomers are extensively deployed across automotive applications. They display superior properties such as low permeability to gases and liquids, high damping and chemical resistance. Increasing demand from end-use industries such as pharmaceuticals and antioxidants is further anticipated to drive market growth over the forecast period.

 

Regional Segmentation

 

North America was the leading regional consumer and accounted for over 35% of the overall market volume in 2016. Recovery of automotive industry post-recession coupled with escalating investment in aerospace sector is a key factor anticipated to boost regional market growth. Asia Pacific has emerged as the fastest growing regional market with demand driven by factors such as rising automotive sales, strong economic growth, and developing pharmaceutical sector. China and Japan are one of the major producers of isobutene and are driving regional market growth.

 

Growth Drivers & Restraints

 

The primary driving factor for isobutene market growth is the increasing demand from automotive and aerospace sector for tires. Isobutene derivatives are widely used in production of tires. The growth of automotive industry in developing regions such as Asia Pacific and Latin America is expected to drive demand significantly. The emergence of bio-based isobutene is another positive development and has compelled manufacturers to shift their focus towards greener alternatives. Global Bioenergies SA announced its plans to setup the first large scale bi-isobutene commercial plant that would utilize sugar beet for isobutene production with total capacity of 50,000 tons.

.

Top Players & Company Share

 

Key players operating in the global market include BASF SE, Global Bioenergies SA, Evonik Industries AG, ExxonMobil Chemicals Company, LanzaTech Inc., Honeywell International Inc., LyondellBasell Industries NV., TPC Group LLC, Syngip BV, ABI Chemicals LLC, and Praxair Inc. Evonik Industries has also expanded its production capacity at Antwerp, Belgium in order to cater to increasing demand and establish itself as one of the leading producers.

 

Market Segmentation

 

  • Isobutene Market by Product (Volume, Kilo Tons; Revenue, USD Million)
    • Methyl Tert-Butyl Ether (MTBE)
    • Ethyl Tert-Butyl Ether (ETBE)
  • Isobutene Market by Application (Volume, Kilo Tons; Revenue, USD Million)
    • Automotive
    • Aerospace
    • Antioxidants
    • Pharmaceuticals
    • Others
  • Isobutene Market by Region (Volume, Kilo Tons; Revenue, USD Million)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)
      • Saudi Arabia
      • UAE

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Isobutene Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Isobutene Industry Outlook

  • Market Segmentation
  • Market Size & Growth Prospects
  • Leading Brand Dynamics
  • Key Market Drivers
    • Increasing automobile production
    • Rising demand for antioxidants
  • Key Market Challenges/ Restraints
    • Emergence of bio-based isobutene
  • Major Trends &Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Isobutene Market-PESTEL Analysis
  • Company Market Share/Heat Map Analysis

Chapter 5 Isobutene Market by Product (Kilo Tons, USD Million)

Isobutene Market Landscape by Product – 2016 & 2024
  • Methyl Tert-Butyl Ether (MTBE)
    • Market Landscape Analysis, 2014-2024
  • Ethyl Tert-Butyl Ether (MTBE)
    • Market Landscape Analysis, 2014-2024

Chapter 6 Isobutene Market Outlook by Application (Kilo Tons, USD Million)

Isobutene Market Landscape by Application – 2016 & 2024
  • Automotive
    • Market Landscape Analysis, 2014-2024
  • Aerospace
    • Market Landscape Analysis, 2014-2024
  • Antioxidants
    • Market Landscape Analysis, 2014-2024
  • Pharmaceuticals
    • Market Landscape Analysis, 2014-2024
  • Others
    • Market Landscape Analysis, 2014-2024

Chapter 7 Isobutene Market Outlook by Region (Kilo Tons, USD Million)

Isobutene Market Landscape by Region – 2016 & 2024
  • North America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Mn)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Mn)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Mn)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Mn)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Mn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024

Chapter 8 Pricing Analysis

Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2016
  • North America Pricing Analysis (OPP, IPP and RAP- 2016)
    • U.S. Pricing Analysis-2016
    • Canada Pricing Analysis-2016
  • Europe Pricing Analysis (OPP, IPP and RAP - 2016)
    • UK Pricing Analysis-2016
    • Germany Pricing Analysis-2016
    • France Pricing Analysis-2016
    • Italy Pricing Analysis-2016
    • Spain Pricing Analysis-2016
  • Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
    • Brazil Pricing Analysis-2016
    • Mexico Pricing Analysis-2016
  • Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
    • Japan Pricing Analysis-2016
    • China Pricing Analysis-2016
    • India Pricing Analysis-2016
  • Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
    • Saudi Arabia Pricing Analysis-2016
    • UAE Pricing Analysis-2016

Chapter 9 Competitive Landscape

  • BASF SE
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Global Bioenergies SA
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Evonik Industries AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • ExxonMobil Chemicals Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • LanzaTech Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Honeywell International Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • LyondellBasell Industries NV
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • TPC Group LLC
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Syngip BV
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • ABI Chemicals LLC
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Praxair Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
List of Tables
  • TABLE 1 Isobutene Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Isobutene Market, 2014 – 2024 (Kilo Tons, USD Million)
  • TABLE 3 Global Isobutene Market by Product, 2014 – 2024 (Kilo Tons, USD Million)
  • TABLE 4 Global Isobutene Market by Application, 2014 – 2024 (Kilo Tons, USD Million)
  • TABLE 5 Global Isobutene Market by Region, 2014 – 2024 (Kilo Tons, USD Million)
  • TABLE 6 Isobutene Market - Key Market Driver Analysis
  • TABLE 7 Isobutene Market - Key Market Restraint/ Challenge Analysis
  • TABLE 8 Isobutene Market – Key Opportunity Analysis
  • TABLE 9 North America Isobutene Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 10 U.S. Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 11 Canada Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 12Europe Isobutene Market Landscape Analysis, 2014-2024(Kilo Tons, USD Million)
  • TABLE 13 U.K Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 14 Germany Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 15 France Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 16 Italy Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 17 Spain Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 18 Latin America Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 19 Brazil Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 20 Mexico Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 21 Asia Pacific Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 22 Japan Isobutene Market Landscape Analysis, 2014-2024(Kilo Tons, USD Million)
  • TABLE 23 China Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 24 India Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 25 Middle East & Africa Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 26 Saudi Arabia Isobutene Market Landscape Analysis, 2014-2024(Kilo Tons, USD Million)
  • TABLE 27 UAE Isobutene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Million)
  • TABLE 28 North America Pricing Analysis
  • TABLE 29 North America Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 30 U.S. Pricing Analysis-2016
  • TABLE 31 Canada Pricing Analysis-2016
  • TABLE 32 Europe Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 33 U.K Pricing Analysis-2016
  • TABLE 34 Germany Pricing Analysis-2016
  • TABLE 35 France Pricing Analysis-2016
  • TABLE 36 Italy Pricing Analysis-2016
  • TABLE 37 Spain Pricing Analysis-2016
  • TABLE 38 Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 39 Brazil Pricing Analysis-2016
  • TABLE 40 Mexico Pricing Analysis-2016
  • TABLE 41 Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 42 Japan Pricing Analysis-2016
  • TABLE 43 China Pricing Analysis-2016
  • TABLE 44 India Pricing Analysis-2016
  • TABLE 45 Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 46 Saudi Arabia Pricing Analysis-2016
  • TABLE 47 UAE Pricing Analysis-2016
List of Figures-
  • FIG. 1 Isobutene Market Segmentation
  • FIG. 2 Market Size & Growth Prospects
  • FIG. 3 Leading Brand Dynamics
  • FIG. 4 Penetration & Growth Prospects
  • FIG. 5 Industry Analysis – Porter’s
  • FIG. 6 Isobutene Market – PESTEL Analysis
  • FIG. 7 Isobutene Market Share by Product, 2016 & 2024
  • FIG. 8 Isobutene Market Share by Application, 2016 & 2024
  • FIG. 9 Isobutene Market Share by Region, 2016 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2016.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
    Key Findings:    
  • The global isobutene market was valued at $24.7 billion in 2016 and is forecast to grow at a steady CAGR of 5.6% between 2017 and 2024, culminating in 2024 global sales of $38.1 billion.
  • Governing guidelines intended at carcinogenicity of petrochemicals is set to influence market dynamics and product development sources.
  • Crude oil price volatility coupled with availability in sufficient volume is anticipated to shape up isobutene price trends in the coming years.
  • Key players operating in the global market include BASF SE, Global Bioenergies SA, Evonik Industries AG, ExxonMobil Chemicals Company, LanzaTech Inc., Honeywell International Inc., LyondellBasell Industries NV., TPC Group LLC, Syngip BV, ABI Chemicals LLC, and Praxair Inc.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

  1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
  2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
  3. Need Gap Analysis- Defining the gap between our scope and availability of information.
  4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
  5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
  6. Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
  7. Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
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Description

The global isobutene market was valued at $24.7 billion in 2016 and is forecast to grow at a steady CAGR of 5.6% between 2017 and 2024, culminating in 2024 global sales of $38.1 billion.

 

Industry at a Glance

 

Increasing rubber demand from aerospace and automotive industry is anticipated to drive global isobutene market over the forecast period. Isobutene, also commonly referred to as isobutylene is primarily used producing polybutylene (butyl rubber) and as an intermediate for manufacturing methyl tert-butyl ether. They are extensively used in hot melt adhesives, compounding & masterbatches, wires & cables and electric insulation.

 

Governing guidelines intended at carcinogenicity of petrochemicals is set to influence market dynamics and product development sources. It is widely utilized as a precursor to numerous chemicals such as the polymerization reaction with isoprene for the manufacturing polybutene. The increasing demand for tires from automotive industry is anticipated to boost isobutene demand significantly over the forecast period.

 

Isobutene Market 2024

Pricing Analysis

 

“Optimal Price Point (OPP) for Isobutene Products”

 

Estimated Average Isobutene cost – $ xx globally. However, with improve in access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

Crude oil price volatility coupled with availability in sufficient volume is anticipated to shape up isobutene price trends in the coming years. Moreover, emergence of bio-based alternatives addressing sustainability issues is also slated to impact pricing strategies adopted by industry participants.

 

Product Outline

 

On the basis of product, the market has been segmented into methyl tert-butyl ether (MTBE) and ethyl tert-butyl ether (ETBE). MTBE was the leading product segment and accounted for over 75% of the overall revenue in 2016. It is widely used to produce butyl rubber, highly reactive polysiobutylene, methyl methacrylate (MMA) and other derivatives. It is also being used as a solvent and extractant. ETBE is primarily used as an oxygenate gasoline additive for producing gasoline from crude oil. ETBE possess superior characteristics that enables its usage as gasoline blending component for cleaner burning fuels. It can also be utilized as a sustainable biofuel due to presence of sustainable and bio-component raw materials.

 

Application Insights

 

On the basis of application, the market has been segmented into automotive, aerospace, antioxidants, and pharmaceuticals. Automotive emerged as the leading application and is expected to continue its dominance over the forecast period. Isobutene based elastomers are extensively deployed across automotive applications. They display superior properties such as low permeability to gases and liquids, high damping and chemical resistance. Increasing demand from end-use industries such as pharmaceuticals and antioxidants is further anticipated to drive market growth over the forecast period.

 

Regional Segmentation

 

North America was the leading regional consumer and accounted for over 35% of the overall market volume in 2016. Recovery of automotive industry post-recession coupled with escalating investment in aerospace sector is a key factor anticipated to boost regional market growth. Asia Pacific has emerged as the fastest growing regional market with demand driven by factors such as rising automotive sales, strong economic growth, and developing pharmaceutical sector. China and Japan are one of the major producers of isobutene and are driving regional market growth.

 

Growth Drivers & Restraints

 

The primary driving factor for isobutene market growth is the increasing demand from automotive and aerospace sector for tires. Isobutene derivatives are widely used in production of tires. The growth of automotive industry in developing regions such as Asia Pacific and Latin America is expected to drive demand significantly. The emergence of bio-based isobutene is another positive development and has compelled manufacturers to shift their focus towards greener alternatives. Global Bioenergies SA announced its plans to setup the first large scale bi-isobutene commercial plant that would utilize sugar beet for isobutene production with total capacity of 50,000 tons.

.

Top Players & Company Share

 

Key players operating in the global market include BASF SE, Global Bioenergies SA, Evonik Industries AG, ExxonMobil Chemicals Company, LanzaTech Inc., Honeywell International Inc., LyondellBasell Industries NV., TPC Group LLC, Syngip BV, ABI Chemicals LLC, and Praxair Inc. Evonik Industries has also expanded its production capacity at Antwerp, Belgium in order to cater to increasing demand and establish itself as one of the leading producers.

 

Market Segmentation

 

  • Isobutene Market by Product (Volume, Kilo Tons; Revenue, USD Million)
    • Methyl Tert-Butyl Ether (MTBE)
    • Ethyl Tert-Butyl Ether (ETBE)
  • Isobutene Market by Application (Volume, Kilo Tons; Revenue, USD Million)
    • Automotive
    • Aerospace
    • Antioxidants
    • Pharmaceuticals
    • Others
  • Isobutene Market by Region (Volume, Kilo Tons; Revenue, USD Million)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)
      • Saudi Arabia
      • UAE

Additional information

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