New York, According to a new market research report published by Global Insight Services “Isobutene Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Isobutylene is a highly flammable colorless gas with a slight petroleum-like odor. Isobutene is used as a fuel and as a feedstock for the production of chemicals such as isobutylene oxide, which is used to make polyurethane foam.
Covid-19 Impact
The outbreak of COVID-19 has had a significant impact on the isobutene industry. The pandemic has led to a decrease in demand for isobutene as a result of economic slowdown and disruptions to the global supply chain. This has resulted in a decrease in isobutene prices and a decrease in production. The impact of COVID-19 on the isobutene industry is expected to continue in the short to medium term.
Download a Free PDF Sample Copy of Report:https://www.globalinsightservices.com/request-sample/GIS10055
Key Trends and Drivers
The Isobutene market is driven by a variety of factors. One of the key drivers is the increasing demand for isobutene-based products. This is due to the fact that isobutene has a variety of uses, including in the production of gasoline, plastics, and rubber. Additionally, isobutene is a key ingredient in many adhesives and sealants. As the world economy continues to grow, the demand for these products is expected to increase, driving up the price of isobutene.
Another key driver of the Isobutene market is the limited supply of isobutene. Isobutene is produced as a by-product of ethylene production, and the majority of isobutene production takes place in Europe and the United States. However, due to the limited number of ethylene production facilities around the world, the supply of isobutene is constrained. This has led to increased competition among buyers for isobutene, driving up prices.
Market Segments
By Product
- Methyl Tert-butyl Ether (MTBE)
- Ethyl Tert-butyl Ether (ETBE)
By Application
- Automotive
- Aerospace
- Antioxidants
- Pharmaceuticals
- Others
Key Players
- ExxonMobil
- Royal Dutch Shell
- Chevron
- British Petroleum
- Total
- Marathon Petroleum
- Valero Energy
- Phillips 66
- Sunoco
- Alon USA
- CVR Energy
- Delek US
Get Customized report as per your requirements:https://www.globalinsightservices.com/request-customization/GIS10055
Reasons to buy Isobutene Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm
headquartered in Delaware, US. We are committed to providing our clients
with highest quality data, analysis, and tools to meet all their market research
needs. With GIS, you can be assured of the quality of the deliverables, robust
& transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700