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Isobutene Industry – Key Financial Metrics and Competitive Analysis 2018

Regulatory policies aimed at carcinogenicity of petrochemicals to have a huge impact on industry dynamics and product development sources. The primary market driver is the growing demand for rubber from the automotive industry. The Global Isobutene Market is expected to reach USD 30.71 billion by 2024, according to a new report by Grand View Research, Inc.


It used primarily used as a precursor to various chemicals, for instance, in the polymerization reaction with isoprene for the production of polybutene. Polybutene, in simple terms, is butyl rubber used for the production of tires and other synthetic products.

Tire production increased exponentially in the emerging countries of Asia Pacific including China and India. This increase in production is attributable to the growing transportation sector in these economies. Factors such as low-cost land for production facilities and easy availability of skilled labor have had a positive impact on the growth trend. Asia Pacific accounted for over 33% of the global volume in 2015.

MTBE was the leading product segment and accounted for nearly 80% of the overall volume in 2015. However, growing concerns regarding groundwater contamination caused due to leakage of MTBE coupled with increasing popularity of ethanol as a gasoline blending agent is expected to segment impact growth negatively.

To Know More About Isobutene Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/isobutene-market

The U.S. EPA has decided to ban MTBE to be used for gasoline blending in the nation on account of the aforementioned factor. The regulatory ban might have an influential role on policies established in other regions as well.

Top Players of Isobutene Market:

Key industry participants include Evonik Industries, BASF, ExxonMobil, Praxair Inc., Syngip BV, LanzaTech Inc., ABI Chemicals, Songwon Industrial Co. Ltd., Honeywell International, TPC Group LLC, and LyondellBasell Industries.

Market Segmentation of Isobutene Market:

The Isobutene Market segmented on the basis Product, Application and Region.

By Product:

    Methyl Tert-butyl Ether (MTBE)
    Ethyl Tert-butyl Ether (ETBE)

By Application:

    Automotive
    Aerospace
    Antioxidants
    Pharmaceuticals

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Isobutene Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2065
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