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Isobutanol Market size worth $ 1.65 Billion, Globally, by 2028 at 5.00% CAGR: Verified Market Research®

JERSEY CITY, N.J., Sept. 27, 2021 /PRNewswire/ — Verified Market Research recently published a report, “Isobutanol Market” By Product Type (Synthetic Isobutanol, Bio-Based Isobutanol), By Application (Paint And Coatings, Pharmaceuticals, Chemicals And Textiles), and By Geography. According to Verified Market Research, the Global Isobutanol Market size was valued at USD 1.12 Billion in 2020 and is projected to reach USD 1.65 Billion by 2028, growing at a CAGR of 5.00% from 2021 to 2028.

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Browse in-depth TOC onIsobutanol Market

202 – Pages
126 – Tables
37 – Figures

Global Isobutanol Market Overview

Isobutanol has properties that make it useful in a variety of industries. The petrochemical industry is a vital component of numerous industrial processes as it provides raw materials for a wide array of products that find application in automotive, construction, and manufacturing. With a rise in the petrochemical industry, the use of Isobutanol is also increased which in turn increases the growth of the Isobutanol Market.

Moreover, the booming construction industry across the globe and supportive government initiatives to develop infrastructure have triggered the growth of the market. For instance, in 2020, the UK government announced that they will spend £ 640bn (€ 733bn) on infrastructure development over the next five years. In addition to this, the growing automotive industry and rising adoption of Isobutanol in vehicles as an engine oils are also supporting the market growth.

The use of Isobutanol in cleaners and polishes will improve market growth since there is a high need for such products globally. Although Isobutanol is widely accepted, it has volatile prices and sometimes its compounds may not be readily available. Along with this, stringent government regulation towards the use of isobutyl acetate in food processing and cosmetics, owing to the toxic properties can also hinder the market growth

Key Developments in Isobutanol Market

  • In 2020, Fitesa signed four new agreements with the Reicofil product provider. The package contains state-of-the-art facilities that will expand the capacity to support the safety and hygiene industries substantially.
  • In 2019, Eastman Chemical Corporation has purchased the Marlotherm heat transfer fluids production assets in Germany, as well as related formulations, intellectual property, and customer contracts, from Sasol, a worldwide chemical and Energy Company.

The major players in the market are Mitsubishi Chemical Corporation, Toray, Dow Chemical Company, BASF SE., Eastman Chemical Company, Fitesa, Formosa Plastics Corporation, Grupa Azoty S.A., and Oxea GmbH.

Verified Market Research has segmented the Global Isobutanol Market On the basis of Product Type, Application, and Geography.

  • Isobutanol Market, By Product Type
    • Synthetic Isobutanol
    • Bio-based Isobutanol
  • Isobutanol Market, By Application
    • Paint and Coatings
    • Pharmaceuticals
    • Chemicals and Textiles
    • Others
  • Isobutanol Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Visualize Isobutanol Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
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UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
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SOURCE Verified Market Research

Isobutanol Market size worth $ 1.65 Billion, Globally, by 2028 at 5.00% CAGR: Verified Market Research®
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