Isobutanol Market to Record an Exponential Growth of USD 1.18 Billion by 2022

Growing isobutanol demand across various end-use industries such as oil & gas and chemical intermediates is expected to drive its demand over the forecast period. Emergence of isobutanol as a platform chemical for producing isobutyl esters has also helped in market penetration. Intrinsic properties associated with isobutanol such as medium volatility and limited miscibility is expected to positively impact market growth.

The Global Isobutanol Market is expected to reach USD 1.18 billion by 2022, according to a new report by Grand View Research, Inc.

Synthetic isobutanol was the largest product segment and accounted for 58.1% of total market volume in 2014. Bio-based Isobutanol is expected to witness the highest growth of 7.0% from 2015 to 2022.

Growing environmental and toxicity concerns coupled with high rate of commercialization of bio-based isobutanol at cheaper prices may be attributed towards product demand. Bio-based isobutanol is extensively being used in renewable jet fuels that provide low carbon footprints and cleaner burning.

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Chemical intermediate was the largest application segment and accounted for 46.0% of total market volume in 2014. The segment is expected to gain share over next seven years on account of rapid expansion of petrochemical industry particularly in Middle East and Asia Pacific. Oil & gas is expected to witness the highest growth of 6.4% from 2015 to 2022. Growing gasoline additives owing growing demand for high performance/clean fuel is expected to drive this segment over the forecast period.

Top Players of Isobutanol Market:

Key players having majority stake in the industry include BASF, The Dow Chemical Company, Eastman Chemical Company, Toray, Fitesa, Formosa Plastics Corp., Oxea GmbH, Mitsubishi Chemical Corporation, Perstorp Holding AB and Sasol Ltd.

Market Segmentation of Isobutanol Market:

The Global Isobutanol Market Segmented on the basis of Product and Application.

By Product:

Synthetic Isobutanol
Bio based Isobutanol
Others

By Application:

Oil & Gas
Solvents & Coatings
Chemical Intermediate

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