NEW YORK, Oct. 19, 2021 /PRNewswire/ — The isobutene market is expected to grow by USD 5.87 billion from 2021 to 2025, progressing at a CAGR of 3.52% according to the latest market report by Technavio.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, Chevron Phillips Chemical Co. LLC, Dayaram Chemicals Pvt. Ltd., Evonik Industries AG, LANXESS AG, Linde Plc, LyondellBasell Industries NV, Sumitomo Chemical Co. Ltd., and TPC Group are some of the major market participants. The growing demand for rubber from the automotive industry, demand in the manufacturing of fine chemicals, adhesives & antioxidants, and the rising demand for gasoline additives will offer immense growth opportunities. However, hazardous effects of isobutene derivatives might hamper the market growth.
Isobutene Market 2021-2025: Segmentation
- Methyl Tert-butyl Ether (MTBE)
- Ethyl Tert-butyl Ether (ETBE)
- North America
- South America
Isobutene Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our isobutene market report covers the following areas:
Isobutene Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Isobutene Market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Isobutene Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist isobutene market growth during the next five years
- Estimation of the isobutene market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the isobutene market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of isobutene market vendors
Lubricant Additives Market –The lubricant additives market size is set to attain a USD 2.40 billion growth between 2021 and 2025 at a CAGR of 2.96%. Download a free sample now!
Emulsion Adhesives Market –The emulsion adhesives market share should rise by USD 4.64 billion from 2021 to 2025 at a CAGR of 5.79%. Download a free sample now!
Isobutene Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.52%
Market growth 2021-2025
USD 5.87 billion
YoY growth (%)
North America, APAC, Europe, South America, and MEA
Performing market contribution
APAC at 40%
Key consumer countries
China, Japan, Germany, US, and India
Leading companies, competitive strategies, consumer engagement scope
BASF SE, Chevron Phillips Chemical Co. LLC, Dayaram Chemicals Pvt. Ltd., Evonik Industries AG, LANXESS AG, Linde Plc, LyondellBasell Industries NV, Sumitomo Chemical Co. Ltd., and TPC Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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