Global Isobutanol Market 2023-2027
Technavio has been monitoring the isobutanol market and is forecast to grow by USD 353.24 mn during 2022-2027, accelerating at a CAGR of 5.01% during the forecast period. Our report on the isobutanol market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for coatings in the automotive sector, the advent of innovative chemical distribution channels, and growing demand for non-woven medical textiles.
Technavio's isobutanol market is segmented as below:
By Product
- Bio-based isobutanol
- Synthetic isobutanol
By Application
- Solvent
- Intermediate for glycol ethers and esters
- Textile
- De-icing fluids and Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the rising rate of industrialization in emerging economies as one of the prime reasons driving the isobutanol market growth during the next few years. Also, the growing demand for bio-based chemicals and the rise in the number of mergers and acquisitions will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the isobutanol market covers the following areas:
- Isobutanol market sizing
- Isobutanol market forecast
- Isobutanol market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading isobutanol market vendors that include BASF SE, Bharat Petroleum Corp. Ltd., BP Plc, DhanLaxmi Organics and Chemicals, Dow Inc., Eastman Chemical Co., Formosa Plastics Group, Gevo Inc., Grupa Azoty SA, Hi Tech Chemicals, INEOS Group Holdings SA, Merck KGaA, Mitsubishi Chemical Corp., Niksan Pharmaceutical, OQ SAOC, PETRONAS Chemicals Group Berhad, PJSC SIBUR Holding, Sasol Ltd., Somu Organo Chem Pvt. Ltd., and The Andhra Petrochemicals Ltd.. Also, the isobutanol market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.