A lead analyst at AMR highlighted that the isobutanol market across Asia-Pacific is anticipated to witness the fastest CAGR during the forecast period.
Allied Market Research published a research report on the isobutanol market. The findings of the report states that the global market for isobutanol generated $1.0 billion in 2020, and is projected to reach $1.9 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
“Isobutanol is a colorless, flammable liquid with a distinct odor that is mostly utilized as a solvent and chemical intermediary. Paints & coatings, oil & gas, chemicals, textiles, pharmaceuticals, and other industrial usage employ isobutanol as a bulk chemical. The need for isobutanol in antibiotics, camphor, and vitamins, together with improvements in the healthcare and medical sectors, will offer significant growth opportunities in the isobutanol market.” said Eswara Prasad, Manager, Materials and Chemicals, at Allied Market Research.
Download sample pages: https://www.linkedin.com/feed/update/urn:li:activity:6975412260273836033
The report provides insights on the drivers, restrains and opportunities to help market players devise growth strategies and capitalize on opportunities. The growth of the isobutanol market is owed to factors such as increase in demand for isobutanol from end users such as chemical and oil & gas, automotive, solvents & coatings, pharmaceutical and more, increased use of isobutyl acetate by industries such as food processing, lacquer and others, and rise in applications of isobutanol in the paint & coatings industry. On the other hand, strict rules and regulations associated with the use of isobutyl acetate in food processing and cosmetics hinder the market growth. However, the increased production of bio-isobutanol as a cost-effective alternative is expected to offer lucrative opportunities for the market in future.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the isobutanol market globally. The pandemic led many industries to shut down due to the low availability of raw materials and disruptions in the supply chain. The worldwide lockdown suspended the oil & gas, solvents & coatings and chemical intermediate activities, which led to the reduced demand for isobutanol. This hampered the isobutanol market growth. The pandemic also made the construction and automotive industries to suffer the most, and therefore, the demand for paints & coatings reduced significantly.
The report offers detailed segmentation of the global isobutanol market based on product, application and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the coming years.
In terms of product, the bio-based isobutanol segment held the largest share in 2020, accounting for nearly two-thirds of the global isobutanol market. The same segment would cite the highest CAGR of 6.4% from 2021 to 2030.
Download brochure:
https://www.facebook.com/photo.php?fbid=484694613665445&set=pb.100063747313165.-2207520000..&type=3
By application, the oil & gas segment was the largest in 2020, accounting for nearly half of the global isobutanol market. However, the solvents & coatings segment is estimated to manifest the highest CAGR of 6.5% during the forecast period.
By region, the market across Asia-Pacific captured the largest share in 2020, holding more than more than two-fifths of the global isobutanol market. Moreover, the same segment is projected to register the fastest CAGR of 6.6% during the forecast period.
Leading market players of the global isobutanol market analyzed in the report include BASF SE, Eastman Chemical Company, Gevo, Ineos Group Holdings S.A., Mitsubishi Chemical Holdings Corporation, Oq Chemicals Gmbh, Petronas Chemicals Group Berhad, Sasol Limited, The Andhra Petrochemicals Limited, and The Dow Chemical Company.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060 | Fax: +1-855-550-5975 Email” help@alliedmarketresearch.com
Follow us on LinkedIn, Facebook, Twitter, Pinterest, YouTube & Instagram