According to a recent market research report recently added to the comprehensive portfolio of MarketResearchReports.biz, the global market for isobutanol is likely to expand at a promising pace from 2017 to 2025 as demand for the chemical across key end-use sectors is steadily rising. The report is titled “Isobutanol Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”
According to the report, the market is likely to exhibit a healthy 5.2% from 2017 to 2025. Rising demand for isobutanol across industries such as paints and coatings, chemicals, and automotive is expected to bode well for the market in the next few years. One of the key trends observed in the market is the rising number of manufacturers shifting to renewable feedstock so as to benefit from the rising global demand for bio-based products. This trend is expected to remain one of the most defining trends for the market, having a major impact on the way the market develops in the next few years.
The report includes other important details pertaining to key trends, opportunities, and factors influencing the market in a notable way. An overview of the regulatory scenario governing the global isobutanol market is also included in the report. For presenting a much detailed assessment of all aspects of the market, the report segments the market on the basis of type, end-use, and geography.
Based on type, the market has been segmented into synthetic isobutanol and bio-based isobutanol. Owing to the rising global demand for bio-based chemicals, the segment of bio-based isobutanol is expected to gain pace and expand at a highly promising pace in the next few years.
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From the perspective of end-user, the report segments the global isobutanol market into oil and gas, paints and coatings, chemicals, textiles, and pharmaceuticals. Of these, the paints and coatings industry is likely to acquire the position of the leading consumer of isobutanol over the report’s forecast period. The rising consumption of paints and coatings across industries such as construction and automotive is likely to help the paints and coatings industry expand at a promising pace, which is, in turn, likely to boost the overall demand for isobutanol.
Geographically speaking, the report states that Asia Pacific is presently the leading consumer and the most promising regional market for isobutanol. The region is also expected to retain its dominant stance in the global market over the report’s forecast period as the region sees a thriving growth of industries such as chemical, paints and coatings, and automotive. North America is also a leading regional market for isobutanol and benefits from the steadily expanding chemical industry in the region.
The report also presents a detailed account of the competitive landscape of the market, incorporating details regarding the leading companies in the market, their standing, product portfolios, and other data regarding the recent developments observed in business circles. Some of the leading companies in the market are BASF SE, The Dow Chemical Company, Grupa Azoty S.A., Eastman Chemical Company, Mistsubishi Chemical Company, Gevo, Andra Petrochemicals Limited, Saudi Butanol Company, and Oxea GmbH.
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