Industry/ Innovation/ Related News-
March 2017- Gevo Inc, announced to sign an agreement with Malaysian government to set up world’s first bio-isobutanol plant in Kerteh, Terengganu. This capacity expansion will help Gevo Inc, to strengthen their position among the global isobutanol manufacturer.
April 2017- Butamax announced to acquire Nesika Energy LLC to add isobutanol capacity to their facility. This strategic move will help company to meet the increasing demand for isobutanol across the globe.
June 2016- Gevo Inc, announced to establish an agreement with Musket Corporation to provide isobutanol for blending with gasoline. This agreement will help company to meet the increasing demand for isobutanol
Isobutanol Market Overview-
Isobutanol find usage in extensive end use application such as extracting agent, solvent, additive, solubilizer, intermediate, and others. The isobutanol market is projected to witness robust growth due to their unique properties coupled with excellent usage in numerous end use industries specifically in textiles, oil & gas, paint & coatings, pharmaceutical, chemicals, and others.
Among the end use application segment, in 2016, intermediate accounted for the largest application segment and is estimated to retain its dominance owing to the continuous expansion of petrochemical industry in developing countries. The factors attributed to the market growth are expanding woodworking sector, increasing demand for aerospace & marine coatings, and growing pharmaceutical industry. In addition, rising automotive production combined with isobutanol based coating is expected to fuel the growth of the market over the forecast period.
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Global Key Players-
Mitsubishi Chemical Corporation, OXEA GmbH, INEOS, SIBUR, BASF SE, Eastman Chemical Company, Gevo, Butamax® Advanced Biofuels LLC, Sahara PCC, The Dow Chemical Company, Lesaffre Advanced Fermentations among others are some of the leading market players at the forefront of competition in the Global Isobutanol Market and are profiled in MRFR Analysis.
The Isobutanol report has analysed the degree of competition among the key manufacturers in isobutanol market as well as sector growth and market scenario. The global isobutanol market comprises of extensive range of manufacturers operating in the market which consist of moderate scale and large scale producers. Some of the major players of isobutanol which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from India, South Korea, the Philippines, Taiwan, Japan, Australia, China, Malaysia, and Thailand.
Furthermore, the major operating players of isobutanol are observed to follow various strategic plans to improve their product portfolio such as joint ventures, product launches, distribution agreements, strategic acquisition, and mergers, and exclusive agreements. Major operating players in this market are projected to enhance their manufacturing capacity of isobutanol to meet the increasing demand for isobutanol worldwide.
The global isobutanol market is further categorized into five regions namely- Latin America, and the Middle East & Africa, North America, Asia Pacific, and Europe. Among these, Asia Pacific emerged as the leading market share in 2016 and continue to remain leading regional market share in terms of value and volume. The factors attributed to the regional market growth are the continuous growth of numerous end-use industries such as paints & coatings, pharmaceuticals, and oil & gas among others. The demand for isobutanol is estimated to propel the growth of the market in numerous countries of the Asia Pacific such as India, China, the Philippines, Australia, Taiwan, Japan, Malaysia, Singapore, and South Korea due to steady urbanization and high adoption rate from various end-use industries.
The Asia Pacific emerged as the largest isobutanol market followed by Europe and North America. Europe is predicted to be the second largest market for isobutanol and is expected to witness constant growth due to the presence of automotive manufacturers in countries such as UK, Germany, France, Italy, and Spain. Moreover, increased investment by major players in the research and development activities and innovation is estimated to fuel the regional market growth.
The European market is further followed by North America; the U.S estimated to hold the maximum market share in terms of value and volume and is expected to retain its dominance on account of rising onshore activities along with expanding oil & gas sector. In the Middle East & Africa, numerous countries such as Kuwait, Turkey, Qatar, the United Arab Emirates, Oman, and Saudi Arabia are estimated to register above-average growth owing to rising construction activities combined with growing consumption of isobutanol based coatings. In Latin America, Mexico and Brazil are among the leading contributors in the regional market on account of strong based for transportation manufacturers along with increasing purchasing power of consumer for a personal vehicle.
The global isobutanol market is segmented on the basis of type, application, end use industry, and region. On the basis of type, isobutanol market is bifurcated into bio-based and synthetic. On the basis of application, the market is categorized into intermediate, solvent, solubilizer, extracting agent, additive, and others. On the basis of end-use industry, the market is segmented into pharmaceuticals, oil & gas, paint & coatings, textiles, chemicals, and others. On the basis of region, the market is divided into Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa.
Full Report Details@https://www.marketresearchfuture.com/reports/isobutanol-market-5558
- Isobutanol manufacturers
- Traders and Distributors of isobutanol
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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