Isobutene Market Outlook And Forecast To 2031 – ExxonMobil, Royal Dutch Shell, Chevron, British Petroleum, Total,

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.

Get Access to A Free Sample Copy of Our Latest 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.

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.

Get a customized scope to match your need, ask an expert – https://www.globalinsightservices.com/request-customization/GIS10055

Market Segments

The isobutene market can be segmented by product, application, and region. By product, the market can be divided into methyl tert-butyl ether (MTBE), and ethyl tert-butyl ether (ETBE). By application, the market can be divided into automotive, aerospace, antioxidants, pharmaceuticals, and others. By region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.

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).

Buy Now – https://www.globalinsightservices.com/checkout/single_user/GIS10055

With Global Insight Services, you receive:

  • 10-year forecast to help you make strategic decisions
  • In-depth segmentation which can be customized as per your requirements
  • Free consultation with lead analyst of the report
  • Excel data pack included with all report purchases
  • Robust and transparent research methodology

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
Website: https://www.globalinsightservices.com/