Global Isobutene Market By Type (MTBE Cracking, and Tert-butanol (TBA)), By Application (Butyl Rubber, MMA, and PIB), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Isobutene Market Overview:

In 2021, the global market for Isobutene was worth USD 26,948 million. It is expected to grow at a compound annual rate of 5.2% between 2023 and 2032.

The industry is expected to grow due to high demand from the aerospace and automotive industries. This chemical is used extensively in rubber tires and tubes, as well as in fuel additives in aerospace applications.

Global Isobutene Market Scope:

Product Type Analysis

The market’s largest segment was the methyl tertbutyl-ether, representing 79.2% of the total volume by 2021. It is extensively used in aerospace and automotive.

This product is helpful in the manufacture of butyl Rubber by polymerizations with Isobutylene/Isoprene. It is widely used in automotive, pharmaceutical, and other industries.

MTBE’s many health benefits are well-known. More than 91% methyl Tertiary Butyl Eth can be found in gasoline to boost octane or as an antioxidant.

It’s ideal for gasoline that has higher octane ratings because of its high level of octane. It is lighter than ethanol and easier to transport. However, because of its potential exposure to the atmosphere, the U.S. has banned its use.

ETBE is a biofuel made mainly of isobutylene & ethanol. This chemical can be used to convert naphtha to gasoline or to make lower-octane levels of gasoline stronger. Due to its high octane level, low boiling point, and vapor pressure, ETBE is an excellent component in petrol blending.

Refiners can use this part to meet bio component and octane standards. This component allows companies to adapt to changes in gasoline trade dynamics and environmental standards.

The forecast period will see an increase in demand for ETBE due to various factors, including increased awareness about vehicle performance as well as strict regulatory norms mandating that consumers use environmentally-friendly fuel.

Application Analysis:

Isobutylene elastomers must have specific properties for automotive applications. Superior damping and low permeability are two of these characteristics. When they’re halogenated, they’re also more chemically resistant and thermally efficient.

The chemical properties of the material are critical to its performance as an anti-knocking agent in automotive fuel. Brominated isobutylene-co-para methyl styrene has similar properties to brominated isobutylene-co-para methyl styrene, but it also has inherent ozone resistance.

These characteristics make it ideal for inner liners, dynamic parts, and hoses in automobiles.

Isooctane is the result of combining butane and isobutene. Its primary application is as an aviation fuel additive. Lower fares, increased foreign direct investments, and trade liberalization are all driving significant growth.

Manufacturers of aircraft engines recommend oil for a variety of applications including engine design and climate. In the last two decades, rapid urbanization has resulted in the rapid growth of the aviation industry.

Key Market Segments:

By Product Type

• Methyl Tert-Butyl Ether
•  Ethyl Tert-Butyl Ether

By Application

•  Automotive
•  Pharmaceutical
•  Oil and Gas
•  Other Applications

Market Dynamics:

Isobutene, or isobutylene, is primarily used to produce polybutylene (butyl rubber) and as an intermediate to make methyl tert-butyl ether. These products are used in plastic packaging and hot melt adhesives, compounding and masterbatches, as well as niche areas like electrical insulation, compression packaging, wires, and cables.

The chemical is an industrial hydrocarbon, meaning it has wide applications in various industries, including automotive, aerospace, and pharmaceutical.

It is made by fractionating refinery gases and catalytic cracking methyl tert-butyl ether. Its use in many applications, including fuel additives and polymers, is expected to drive significant growth worldwide.

Evonik Industries tripled their production capacity at their Antwerp facility, Belgium. This is in response to increasing global demand and making them a major producer in Europe.

Global Bio Energies, one of the largest companies in Europe, has taken steps to create sustainable Isobutene using renewable resources like corn biomass. This will help reduce Isobutene’s environmental impact and alleviate the supply problems.

Bio-based alternatives are also helping to overcome other sustainability concerns associated with isobutene derivatives and Isobutene. Various governments are encouraging these developments, which offer tax incentives and tax benefits to encourage the production of Isobutene using renewable resources.

Regional Analysis

One of the most important automotive markets in the Asia Pacific. Product demand is expected to rise in APAC as a result of strong manufacturing growth and rising disposable income per capita. Consumer confidence has risen as a result of these factors, and spending on passenger and light vehicles has increased.

Southeast Asian countries such as Malaysia, Thailand, and Vietnam will have a significant impact on the market. The developing countries in the region are working hard to develop their automotive industries. The governments of these countries are constantly focusing on trade.

The U.S. automotive sector has seen a steady rise in sales and production, despite the economic downturn. Consumer confidence is increasing, and they are choosing to buy individual passenger cars while savoring more luxurious models due to rising disposable income.

These factors will drive MTBE consumption of rubber tubes, tires, and other automotive components during the forecast period.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Evonik and Lyondell Basell N.V., two major companies, are integrated throughout the value chain to supply raw materials as well as other products made from Isobutene for other end-use sectors. These companies have an advantage in terms of raw materials availability and maintain direct contact with their end-users.

Isobutene’s key manufacturers are the Evonik, ExxonMobil, Honeywell International, ABI Chemicals Praxair, Syngip BV LanzaTech, and Lyondell Basell Industries.

Маrkеt Кеу Рlауеrѕ:

•  BASF
•  Evonik
•  ExxonMobil
•  ABI Chemicals
•  Global Bioenergies
•  Syngip BV
•  LanzaTech
•  Honeywell International
•  LyondellBasell Industries
•  Praxair
•  Other Key Players

For the Isobutene Market research study, the following years have been considered to estimate the market size: