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Isobutene Market Size, Share & Trends Analysis Report By Product (Methyl Tert-butyl Ether, Ethyl Tert-butyl Ether), By Application (Automotive, Aerospace), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 90 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899562
Description Jump to:
The global isobutene market size is expected to reach USD 38.4 billion by 2030, registering a CAGR of 4.4% from 2023 to 2030. Regulatory policies aimed at carcinogenicity of petrochemicals to have a huge impact on industry dynamics and product development sources. The primary market driver is the growing demand for rubber from the automotive industry. It used primarily used as a precursor to various chemicals, for instance, in the polymerization reaction with isoprene for the production of polybutene. Polybutene, in simple terms, is butyl rubber used for the production of tires and other synthetic products.

Tire production increased exponentially in the emerging countries of Asia Pacific including China and India. This increase in production is attributable to the growing transportation sector in these economies. Factors such as low-cost land for production facilities and easy availability of skilled labor have had a positive impact on the growth trend. Asia Pacific accounted for over 33% of the global volume in 2015.

Isobutene Market Report Highlights

  • The global isobutene market size was estimated at 27.3 billion in 2022 growing at a CAGR of 4.4% from 2023 to 2030
  • The methyl tert-butyl ether (MTBE) segment accounted for the largest revenue share of 78.9% in 2022. However, growing concerns regarding groundwater contamination caused due to leakage of MTBE coupled with increasing popularity of ethanol as a gasoline blending agent is expected to segment impact growth negatively
  • The U.S. EPA has decided to ban MTBE to be used for gasoline blending in the nation on account of the aforementioned factor. The regulatory ban might have an influential role on policies established in other regions as well.
  • The automotive segment accounted for the largest revenue share of 32.5% in 2022
  • Product development and capacity expansions remain key determinants of competitiveness. Evonik Industries increased its production capacity by three times in Antwerp, Belgium.
  • Global Bioenergies produced second generation bio sourced isobutene as an initiative to diversify accessible feedstock towards cheaper resources

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Isobutene Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Isobutene Market Analysis Tools
3.6.1. Industry Analysis - Porter’s Five Forces
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Isobutene Market: Product Estimates & Trend Analysis
5.1. Isobutene Market: Key Takeaways
5.2. Isobutene Market: Product Movement & Market Share Analysis, 2022 & 2030
5.3. Methyl Tert-butyl Ether (MTBE)
5.3.1. Methyl tert-butyl ether (MTBE) market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.4. Ethyl Tert-Butyl Ether (ETBE)
5.4.1. Ethyl tert-butyl ether (ETBE) market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 6. Isobutene Market: Application Estimates & Trend Analysis
6.1. Isobutene Market: Key Takeaways
6.2. Isobutene Market: Application Movement & Market Share Analysis, 2022 & 2030
6.3. Automotive
6.3.1. Automotive market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.4. Aerospace
6.4.1. Aerospace market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.5. Antioxidants
6.5.1. Antioxidants market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.6. Pharmaceuticals
6.6.1. Pharmaceuticals market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.7. Others
6.7.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 7. Isobutene Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Isobutene Market by Region: Key Takeaways
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.4. Europe
7.4.1. U.K.
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.4.2. Germany
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.4.6. Russia
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.4.7. Netherlands
7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.5.5. South East Asia
7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.6. Central & South America (CSA)
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. BASF
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Evonik
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. ExxonMobil
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. ABI Chemicals
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Global Bioenergies
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Praxair
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Syngip BV
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. LanzaTech
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Honeywell International
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. LyondellBasell Industries
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 North America isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 3 North America isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 4 North America isobutene market, by region, 2018-2030 (Kilo Tons, USD Million)
Table 5 U.S. isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 6 U.S. isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 7 Canada isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 8 Canada isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 9 Mexico isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 10 Mexico isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 11 Europe isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 12 Europe isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 13 Europe isobutene market, by region, 2018-2030 (Kilo Tons, USD Million)
Table 14 Germany isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 15 Germany isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 16 UK isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 17 UK isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 18 France isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 19 France isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 20 Italy isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 21 Italy isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 22 Spain isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 23 Spain isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 24 Russia isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 25 Russia isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 26 Netherlands isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 27 Netherlands isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 28 Asia Pacific isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 29 Asia Pacific isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 30 Asia Pacific isobutene market, by region, 2018-2030 (Kilo Tons, USD Million)
Table 31 China isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 32 China isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 33 Japan isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 34 Japan isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 35 India isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 36 India isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 37 South Korea isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 38 South Korea isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 39 South East Asia isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 40 South East Asia isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 41 CSA isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 42 CSA isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 43 CSA isobutene market, by region, 2018-2030 (Kilo Tons, USD Million)
Table 44 Brazil isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 45 Brazil isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 46 Argentina isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 47 Argentina isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 48 Middle East and Africa isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 49 Middle East and Africa isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 50 Middle East and Africa isobutene market, by region, 2018-2030 (Kilo Tons, USD Million)
Table 51 South Africa isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 52 South Africa isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
Table 53 Saudi Arabia isobutene market, by product, 2018-2030 (Kilo Tons, USD Million)
Table 54 Saudi Arabia isobutene market, by application, 2018-2030 (Kilo Tons, USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Isobutene: Market outlook
Fig. 9 Isobutene: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Isobutene market driver impact
Fig. 15 Isobutene market restraint impact
Fig. 16 Isobutene market strategic initiatives analysis
Fig. 17 Isobutene market: Product movement analysis
Fig. 18 Isobutene market: Product outlook and key takeaways
Fig. 19 Methyl tert-butyl ether (MTBE) market estimates and forecasts, 2018-2030
Fig. 20 Ethyl tert-butyl ether (ETBE) market estimates and forecasts, 2018-2030
Fig. 21 Isobutene market: Application movement analysis
Fig. 22 Isobutene market: Application outlook and key takeaways
Fig. 23 Automotive market estimates and forecasts, 2018-2030
Fig. 24 Aerospace market estimates and forecasts, 2018-2030
Fig. 25 Antioxidants market estimates and forecasts, 2018-2030
Fig. 26 Pharmaceuticals market estimates and forecasts, 2018 - 2030
Fig. 27 Others market estimates and forecasts, 2018-2030
Fig. 28 Global isobutene market: Regional movement analysis
Fig. 29 Global isobutene market: Regional outlook and key takeaways
Fig. 30 North America market estimates and forecasts, 2018-2030
Fig. 31 U.S. market estimates and forecasts, 2018-2030
Fig. 32 Canada market estimates and forecasts, 2018 - 2030
Fig. 33 Mexico market estimates and forecasts, 2018 - 2030
Fig. 34 Europe market estimates and forecasts, 2018-2030
Fig. 35 U.K. market estimates and forecasts, 2018-2030
Fig. 36 Germany market estimates and forecasts, 2018-2030
Fig. 37 France market estimates and forecasts, 2018-2030
Fig. 38 Italy market estimates and forecasts, 2018-2030
Fig. 39 Spain market estimates and forecasts, 2018-2030
Fig. 40 Russia market estimates and forecasts, 2018-2030
Fig. 41 Netherlands market estimates and forecasts, 2018-2030
Fig. 42 Asia Pacific market estimates and forecasts, 2018-2030
Fig. 43 Japan market estimates and forecasts, 2018-2030
Fig. 44 China market estimates and forecasts, 2018-2030
Fig. 45 India market estimates and forecasts, 2018-2030
Fig. 46 South Korea market estimates and forecasts, 2018 - 2030
Fig. 47 South East Asia market estimates and forecasts, 2018-2030
Fig. 48 CSA market estimates and forecasts, 2018-2030
Fig. 49 Brazil market estimates and forecasts, 2018-2030
Fig. 50 Argentina market estimates and forecasts, 2018-2030
Fig. 51 Middle East and Africa market estimates and forecasts, 2018-2030
Fig. 52 Saudi Arabia market estimates and forecasts, 2018-2030
Fig. 53 South Africa market estimates and forecasts, 2018-2030

Companies Mentioned

  • BASF
  • Evonik
  • ExxonMobil
  • ABI Chemicals
  • Global Bioenergies
  • Praxair
  • Syngip BV
  • LanzaTech
  • Honeywell International
  • LyondellBasell Industries

Methodology

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Table Information

Report AttributeDetails
No. of Pages90
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 27.3 Billion
Forecasted Market Value ( USD ) by 2030 $ 38.4 Billion
Compound Annual Growth Rate4.4%
Regions CoveredGlobal
No. of Companies Mentioned10

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