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.
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.
Finally, political factors can also have an impact on the Isobutene market. For example, sanctions against Russia, a major producer of isobutene, have led to reduced supplies of isobutene on the market. This has caused prices to increase as buyers compete for the limited supply.
Key Players
The isobutene market includes players such as ExxonMobil(US), Royal Dutch Shell(UK), Chevron(US), British Petroleum(UK), Marathon Petroleum(US), Valero Energy(US), Phillips 66(US), Delek US(US), Koch Industries(US), LyondellBasell(NE).
For More Information, Access the PDF here https://www.globalinsightservices.com/request-sample/GIS10055