The global Isobutene market size is projected to reach USD 4.88 billion by 2029

Isobutene Market Summary

Isobutene, also known as isobutylene, is an organic compound with the molecular formula C₄H₈. It contains a double bond, belonging to the class of olefins. Isobutene is the structural isomer of n-butane. It is typically a colorless gas and is used in the synthesis of rubber, plastics, and fuel additives.

According to the new market research report “Global Isobutene Market Report 2023-2029”, published by GlobalInfoResearch, the global Isobutene market size is projected to reach USD 4.88 billion by 2029, at a CAGR of 4.3% during the forecast period.

• Global Isobutene MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Isobutene Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market Drivers:

Demand in the Rubber Industry: Isobutene is a crucial raw material in the synthesis of rubber, and the demand from the rubber industry is a key driver for the isobutene market.

Plastic Production: As a foundational chemical for synthetic plastics, isobutene has widespread applications in the plastic industry. The increasing demand for plastics drives the production of isobutene.

Fuel Additives: Isobutene can be used as a fuel additive to enhance the octane rating of fuels. Therefore, there is a certain demand for isobutene in the fuel industry.

Restraint:

Market Price Fluctuations: Fluctuations in raw material prices and market competition pressure may impact the market performance of isobutene.

Environmental and Safety Regulations: The production and use of isobutene are subject to regulatory oversight related to environmental and safety standards, potentially increasing production costs.

Competition from Alternatives: The development of alternatives, such as bio-based fuels and renewable chemicals, could pose competition to the isobutene market.

Opportunity:

Emerging Application Areas: The potential application of isobutene in emerging areas such as advanced materials, pharmaceuticals, and biochemistry provides growth opportunities for the market.

Demand for Sustainable Development: The focus on sustainability and environmental protection presents opportunities to use isobutene in the production of renewable chemicals.

Technological Innovation: New production technologies and process innovations can enhance the efficiency of isobutene production and reduce costs.

• Global Isobutene Top14 Players RankingandMarket Share（Continually updated）

Source: GlobalInfoResearch, “Global Isobutene Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Isobutene include Lyondell Basell, TPC Group, Exxon Mobil, Nizhnekamskneftekhim, Enterprise Products Partners, Evonik, Sumitomo Chemical, Shandong Chambroad, Yuhuang Chemical, CITIC Guoan, etc.

In 2022, the global top 10 players had a share approximately 73.0% in terms of revenue.

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