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.
Regionally, Asia Pacific is estimated to hold the largest market share in 2016 which is followed by Europe and North America. In North America the Isobutanol Market is predicted to exhibit steady growth over the assessment period due to substantial growth of pharmaceutical industry in this sector. Asia Pacific is anticipated to witness significant growth over the assessment period in Isobutanol Market on account of growing application of Isobutanol in several end use industries. In Asia Pacific, the demand for Isobutanol is anticipated to enhance in various countries such as South Korea, Taiwan, India, Japan, Indonesia, the Philippines, and China due to enhancing population coupled with shifting of manufacturing units for most of the prominent market players in this region. In Europe, Isobutanol Market is estimated to register moderate growth owing to shifting consumer preference towards the Isobutanol combined with high adoption rate in pharmaceutical, textiles, chemicals, and oil & gas specifically in Belgium, Spain, France, Italy, Germany, Poland, UK, and Russia. Moreover, various emerging economies of Latin America and the Middle East & Africa are estimated to witness above average growth in Isobutanol on account of growing per capita disposable income along with sales of Isobutanol based product specifically in Brazil, Guatemala, Mexico, Peru, Chile, Argentina, and Venezuela and expanding automotive production unit and building & construction sector specifically in Qatar, Kuwait, Saudi Arabia, Oman, Israel, UAE, and Turkey.
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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.
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.
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