USD 1.17 billion
Isobutanol Market Size, Share, Growth Analysis, By Type(Synthetic and bio-based), By Application(Pharmaceuticals, Chemicals and Textiles, Paint and Coating, Oil and Gas), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2108 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Isobutanol Market Insights
Isobutanol Market size was valued at USD 1.17 billion in 2021 and is poised to grow from USD 1.24 billion in 2022 to USD 2.01 billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).
The global isobutanol market is driven by its widespread applications across various industries. The demand for isobutanol remains robust due to its versatile nature as a chemical intermediate and solvent. Its significant role in the production of various chemicals, such as isobutyl acetate, isobutyl methacrylate, and others, continues to bolster its market position. Additionally, isobutanol finds extensive use as a blending component in gasoline, further contributing to its rising popularity in the automotive sector. Moreover, the increasing adoption of isobutanol in the pharmaceutical industry for the manufacturing of various drugs and medications adds to its overall market expansion. The paint and coatings industry also remains a key consumer, utilizing isobutanol as a solvent in their formulations. In the present scenario, the market is witnessing notable advancements in production technologies, leading to improved cost efficiency and wider availability of isobutanol. Geographically, Asia Pacific emerges as a prominent market, with countries like China and India driving the demand owing to their rapid industrialization and expanding automotive and construction sectors. As environmental concerns gain prominence, the shift towards sustainable and bio-based isobutanol production methods is gaining momentum, providing further impetus to the market's growth. Overall, the global market is poised to maintain its upward trajectory in the present and foreseeable future, fueled by its diverse applications and ongoing technological advancements.
US Isobutanol Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic
Fastest Growth
Synthetic
Growth Rate
6.2% CAGR
Global Isobutanol Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Isobutanol Market Segmental Analysis
Global Isobutanol Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Synthetic and bio-based. Based on application, the market is segmented into Pharmaceuticals, Chemicals and Textiles, Paint and Coating, Oil and Gas, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Isobutanol Market Analysis By Type :
The dominant segment in the global isobutanol market is currently the synthetic isobutanol segment. Synthetic isobutanol has traditionally been the primary source of isobutanol production, accounting for a significant share of the overall market. Its widespread use across industries, coupled with well-established production processes and infrastructure, has solidified its dominant position in the market. Industries such as chemicals, automotive, and paints and coatings heavily rely on synthetic isobutanol due to its consistent quality and availability.
The fastest-growing segment in the global isobutanol market is the bio-based isobutanol segment. As environmental concerns and sustainability become paramount in various industries, the demand for bio-based alternatives is on the rise. Bio-based isobutanol, derived from renewable feedstocks such as biomass, agricultural waste, or cellulosic materials, offers an eco-friendlier option compared to its synthetic counterpart. The increasing focus on reducing carbon footprints and transitioning to greener alternatives is driving the accelerated growth of bio-based isobutanol in the market. Additionally, government incentives and regulations promoting the adoption of bio-based chemicals further contribute to the segment's rapid expansion.
Isobutanol Market Analysis By Application
The dominant segment in the global isobutanol market is the Chemicals and Textiles application segment. Isobutanol plays a crucial role as a chemical intermediate and solvent in various chemical processes and industries. It is widely used for the production of isobutyl acetate, isobutyl methacrylate, and other chemicals. Additionally, the textile industry utilizes isobutanol in the manufacturing of textiles and fibers, contributing to its prominence in this application segment. The versatility of isobutanol and its essential role in the production processes of these industries have solidified its position as the dominant application segment in the market.
The fastest-growing segment in the global isobutanol market is the pharmaceuticals application segment. Isobutanol finds increasing usage in the pharmaceutical industry for the production of various drugs and medications. Its properties as a solvent and a chemical building block make it valuable in pharmaceutical synthesis processes. The pharmaceutical sector's continuous growth and the development of new drug formulations drive the rising demand for isobutanol. Moreover, as research and development activities in the pharmaceutical industry expand, the need for isobutanol is anticipated to witness significant growth, making it the fastest-growing application segment in the market.
Global Isobutanol Market By Type
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Isobutanol Market Regional Insights
The dominant region in the global isobutanol market is Asia Pacific. The Asia Pacific region holds a significant share in the market due to its thriving industrial and economic activities. Countries like China, India, and South Korea are major consumers of isobutanol, driven by their expanding automotive, construction, and chemical industries. Additionally, the region's growing population and rising disposable incomes contribute to increased demand for pharmaceuticals, paints and coatings, and other isobutanol applications. Furthermore, supportive government policies, industrial growth, and technological advancements in the Asia Pacific region bolster the dominance of this segment in the global isobutanol market.
The fastest-growing region in the global isobutanol market is Latin America. The region is experiencing significant growth in the consumption of isobutanol across various applications. Factors such as increasing industrialization, urbanization, and infrastructure development are driving the demand for paints and coatings, chemicals, and automotive products in Latin America. Moreover, the region's focus on adopting sustainable and bio-based alternatives further boosts the demand for bio-based isobutanol. Additionally, rising awareness of environmental concerns and stricter regulations favoring eco-friendly solutions are propelling the growth of the isobutanol market in Latin America, making it the fastest-growing region in terms of isobutanol consumption.
Global Isobutanol Market By Geography
- Largest
- Fastest
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Isobutanol Market Dynamics
Isobutanol Market Drivers
Increasing demand for bio-based isobutanol
- One key driver of the global isobutanol market is the increasing demand for bio-based isobutanol. As sustainability becomes a critical focus in various industries, there is a growing preference for bio-based alternatives over conventional synthetic chemicals. Bio-based isobutanol, derived from renewable feedstocks, offers a more environmentally friendly option, reducing greenhouse gas emissions and dependency on fossil fuels. The rising awareness of environmental concerns and the implementation of supportive policies and incentives by governments and regulatory bodies are propelling the adoption of bio-based isobutanol, thereby driving the overall market growth.
Isobutanol Market Restraints
Volatility in raw material prices
- A key restraint of the global isobutanol market is the volatility in raw material prices. Isobutanol production relies on feedstocks such as crude oil, natural gas, and biomass, whose prices can be influenced by geopolitical factors, supply-demand dynamics, and other global events. Fluctuations in raw material costs can directly impact the production costs of isobutanol, affecting its pricing and overall market competitiveness. Market players may face challenges in maintaining stable profit margins and making long-term investment decisions in the face of unpredictable raw material price fluctuations, making it a key restraint for the market.
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Isobutanol Market Competitive Landscape
The competitive landscape of the global isobutanol market is characterized by intense competition among key players. Companies are striving to strengthen their market presence by focusing on research and development activities, technological advancements, and strategic collaborations. The market players are also emphasizing product differentiation and expanding their production capacities to cater to the increasing demand from various industries. Additionally, the adoption of sustainable and bio-based isobutanol production methods is gaining traction, leading to further competition in this segment. Market participants are closely monitoring regulatory developments and consumer preferences to align their offerings with evolving industry trends. Overall, the competitive landscape is dynamic, with companies vying to gain a competitive edge through innovation, cost optimization, and effective market positioning.
Isobutanol Market Top Player’s Company Profiles
- Ineos Group Holdings S.A. (UK)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Oq Chemicals Gmbh (Germany)
- Petronas Chemicals Group Berhad (Malaysia)
- Sasol Limited (South Africa)
- The Andhra Petrochemicals Limited (India)
- The Dow Chemical Company (US)
- ExxonMobil (US)
- LyondellBasell Industries N.V. (Netherlands)
- Formosa Plastics Corporation (Taiwan)
- Braskem S.A. (Brazil)
- Sinopec (China)
- Sibur Holding PJSC (Russia)
- China National Petroleum Corporation (China)
- Repsol S.A. (Spain)
- YNCC (South Korea)
- TotalEnergies (France)
Isobutanol Market Recent Developments
- In July 2021, Mitsubishi Chemical Holdings Corporation announced the development of a new bio-based isobutanol production process using renewable resources. The innovation marked a step towards more sustainable chemical production.
- In July 2021, BASF SE announced plans to expand its bio-based isobutanol production capacity at its plant in Germany. The expansion aimed to meet the increasing demand for sustainable chemicals in various industries.
- In June 2021, Ineos Group Holdings S.A. announced the construction of a new isobutanol plant in Marl, Germany. The facility was expected to enhance Ineos' isobutanol production capacity and support its diverse product offerings.
- In May 2021, OQ Chemicals GmbH announced the completion of its carboxylic acid plant in Oberhausen, Germany. The facility aimed to strengthen OQ Chemicals' position as a key supplier of isobutyric acid and other chemical intermediates.
- In March 2021, Gevo signed a Memorandum of Understanding with HCS Group to explore the potential of producing renewable isobutanol and sustainable aviation fuel in Europe. The collaboration aimed to drive the adoption of renewable alternatives in the aviation sector.
Isobutanol Key Market Trends
- Growing emphasis on adopting sustainable and bio-based isobutanol production methods: The key global market trend is the growing emphasis on adopting sustainable and bio-based isobutanol production methods. As environmental concerns gain prominence, industries are increasingly looking for greener and more eco-friendly alternatives to traditional chemical production. Bio-based isobutanol, derived from renewable feedstocks, offers a more sustainable solution, reducing carbon emissions and dependence on fossil fuels. This trend aligns with the broader global push towards sustainability and drives the market towards more environmentally friendly practices and products.
Isobutanol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Isobutanol Market analysis, the global market is experiencing steady growth, with a dominant presence in the Asia Pacific region. The market is segmented into synthetic and bio-based isobutanol, with the former being the current dominant segment. However, the fastest-growing segment is the bio-based isobutanol, driven by increasing environmental concerns and a shift towards sustainable alternatives. Key drivers include the demand for bio-based isobutanol and its versatile applications in various industries like chemicals, automotive, and pharmaceuticals. Raw material price volatility poses a significant restraint for the market. The competitive landscape is characterized by intense competition, innovation, and a focus on sustainability. Companies are expanding their production capacities, and key developments include advancements in bio-based isobutanol production methods and strategic collaborations. Overall, the market is witnessing a growing trend of adopting more sustainable practices and products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.17 billion |
| Market size value in 2031 | USD 2.01 billion |
| Growth Rate | 6.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Isobutanol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Isobutanol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Isobutanol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Isobutanol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Isobutanol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Isobutanol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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