The global isobutylene market is poised to embark on a positive growth trajectory, registering a CAGR of ~5% during the forecast period (2020-2030). Isobutylene is the largest C4 chemical produced during C4 cracking, accounting for over 50% of the global C4 chemical production in 2019. The scenario is projected to continue, owing to increasing consumption of isobutylene in the production of MTBE and ETBE.
Isobutylene is a highly versatile gas and is used as fuel additive, intermediate in butyl rubber, and in cosmetics, chemicals, and others. With the efficacy to act as an antioxidant, additive, intermediate and feedstock, isobutylene remains a material of choice among manufacturers in numerous industries.
- On the basis of grade, <99% remains highly preferred, accounting for a significant share of the total market value. However, >99% isobutylene is poised to experience a relatively high growth rate over the forecast period.
- Use of isobutylene as a fuel additive is set to account for nearly three-fourths of the global consumption by 2030.
- The fuel industry remained a key consumption area of isobutylene during the historical period, reaching a volume of over 10 Mn tons in 2019.
- Butyl rubber industry is set to emerge as a growth epicenter of the isobutylene market and expand at an impressive CAGR of ~6% during the forecast period.
- In terms of both volume and value, East Asia has dominated the global isobutylene market and is projected to account for over half of the global consumption by 2030.
“Suring demand for high purity isobutylene for application in production of poly-isobutylene, methyl methacrylate, butyl rubber, cosmetic and lubricants is set to create ample opportunities for isobutylene suppliers during the forecast period,” says the Fact.MR analyst.
Isobutylene Market: Segmentation
Fact.MR has segmented the isobutylene market on the basis of grade, function, end-use industry, and region.
- < 99%
- > 99%
- Chemical & Cosmetics
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa