Isobutanol Market deals with the production of a low boiling isomer of butanol called isobutenol. It is a colorless substance which is mainly used in solvents. Through the industrial process, it is synthesized from propene and this can also be done by fermentation method. Limited miscibility with water, hydroxyl functionality and medium volatility are its major properties.
It has various industrial applications in automobiles, building & construction, manufacturing process of agricultural chemicals, automotive cleaners etc. Often it is also known as second generation bio-fuel. Isobutanol Market boosted with its conversion to kerosene which is used as a drop-in component of jet fuel.
Scope & Regional Forecast of the Isobutanol Market
When compared with other fuels, isobutanol is preferred to use as bio-fuel because it doesn’t effects the environment. . By dehydrating it we can get the plastic. Due to rising demand for plastic it also rises the demand in isobutanol. This all together in turn expected to boost the demand in Isobutanol Market.
Geographically, Asia Pacific is leading high in Isobutanol Market and is expected to remain same. Asia Pacific is high in consumption whereas North America is having growth and demand for isobutanol due to pharmaceutical and automobile industry.
Isobutanol is synthesized from propene which is a derivative of crude oil refinery. Since crude oil price is high it hampers the Isobutanol Market growth. However, the automobile industry is boosting the demand for its products which gives demand for Isobutanol Market.
Segmentations & Key Players Involved in the Isobutanol Market
According to IndustryARC findings, the Isobutanol Market can be broken down into various segmentations on the basis of –
Types: Isobutanol, Synthetic Isobutanol and Bio-based isobutanol.
Methods: Synthesization, Fermentation and Dehydration.
Applications: Automobile Industry and Paints & Coatings Industry etc.
Geographic Regions: North America, Europe and Asia Pacific.
Some of the key players involved in the Isobutanol Market according to IndustryARC are as follows:
The Dow Chemical Company
Mitsubishi Chemical Corporation
Formosa Plastics Corp.
Perstorp Holding AB
Eastman Chemical Company
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