High Purity Isobutylene Market Overview
Global High Purity Isobutylene Market was valued at USD 7.74 Billion in 2021 and is expected to reach USD 12.77 Billion by the year 2028, at a CAGR of 7.41%.
High Purity Isobutylene (HPIB) is a chemical made up of an olefinic hydrocarbon conjured up by dehydration of tert-butanol. The production and manufacturing of various synthetic chemical products is done using HPIB or isobutylene. Additionally, it is also used in the production of alkylated phenols which are used as antioxidants, high-reactivity polyisobutylene, butyl rubber, and TBAC solvents. The factors such as excellent chemical and mechanical properties and Increased applications in the automotive industry are driving factors for the global high purity isobutylene market. Toxic Effects of the Derivatives may hamper market growth.
According to the analyst, due to the increasing demands from the automotive industry the market of high purity isobutylene is on the rise. Majority of the growth of the market can be credited to the various end user applications such as rubber manufacturing, and fuel additives demand in the regions like Asia-Pacific, Latin America and Middle east and Africa.
By the end of 2027, the High Purity Isobutylene (HPIB) market size is estimated to be at USD 11866.26 million. With the increased used and the high popularity for the segment MTBE decomposition method, the High Purity Isobutylene market is expected to flourish in the forecast period. Growing criticism due to the environmental hazards and violation from the production, might be a restraint for the growth of High Purity Isobutylene market. Many industry giants are merging due to the beneficial factors of the market and to generate revenue from the sales and production of HPIB. For instance, In February 2019, Linde and BASF announced a joint collaboration to offer licensing and the full range of engineering, procurement and construction services enabling the production of high purity isobutylene from refinery and C4 streams.
The High Purity Isobutylene (HPIB) market is segmented by Method (C4 fraction separation, MTBE decomposition method, Isobutane Dehydrogenation and Others), by Application (Butyl Rubber, Polyisobutylene, Tert-Butylphenol Series Product, Trimethyl acetic Acid, Methyl-Ally-Chloride and Others), by Grade (Polymer Grade and Chemical Grade). High Purity Isobutylene market is further analysed on the basis of regional analysis and divided into major regions like North America, Latin America, Asia-Pacific, Europe and MEA.
Impact of COVID-19 on High Purity Isobutylene Market
Amidst the pandemic, the high purity isobutylene market is expected to suffer a loss of USD 1.4 billion by the end of 2020. Fragility in access to high purity isobutylene along with limited supply to the end-user industry during the lockdown has taken a drastic toll on the market revenue decreasing the market share. During the nationwide lockdown, the industries suffered a tremendous loss while trying to get back on feet with the chunk of new normal. High Purity Isobutylene market for HPIB is among those few industries that suffered an economic decrease during the quarantine period but with the relaxation in lockdown restrictions, High Purity Isobutylene market is expected to gain its momentum in the forecast period.
Market Segmentation
High Purity Isobutylene Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;
Players Covered in High Purity Isobutylene Market are:
- Lyondell Basell
- ExxonMobil Chemical
- NKNK
- Sumitomo Chemical
- Evonik
- Honeywell
- Songwon
- TASCO
- Beijing Yanshan Petrochemical
- TPC Group
- Jinzhou Petrochemical
- Zhejiang Shunda New Material
- Shangdong Chambroad Petrochemical and other major players.
Among other players domestic and global, High Purity Isobutylene market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. Our analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Salient Features of the High Purity Isobutylene (HPIB) Market
The approximate expected value for the High Purity Isobutylene (HPIB) was USD 6715.74 million in 2019, and it is expected to reach USD 11024.57 million by 2026.
- North America region dominated the market in the year 2019 while Europe held the second-largest market due to the presence of industry giants in the region and high technological advancement.
- By the segment Grade, Polymer Grade holds the largest market share and is expected to be the fastest-growing segment that will boost the high purity isobutylene market.
- Due to the increasing usage in automotive industry and the high usage in the chemical & cosmetics is propelling the market growth.
- Asia-Pacific is expected to be the fastest-growing region for the HPIB market due to China leading the segment for being the dominant region in the leading crude oil producers.
Global High Purity Isobutylene Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data : |
2016 to 2020 |
Market Size in 2021: |
USD 7.74 Bn. |
Forecast Period 2022-28 CAGR: |
7.41% |
Market Size in 2028: |
USD 12.77 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
3.5.1 Drivers
3.5.2 Restraints
3.5.3 Opportunities
3.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 4: High Purity Isobutylene Market by Type
4.1 High Purity Isobutylene Market Overview Snapshot and Growth Engine
4.2 High Purity Isobutylene Market Overview
4.3 MTBE Decomposition Method
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size (2016-2028F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 MTBE Decomposition Method: Grographic Segmentation
4.4 C4 Fraction Separation Method
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size (2016-2028F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 C4 Fraction Separation Method: Grographic Segmentation
4.5 Isobutane Dehydrogenation Method
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size (2016-2028F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Isobutane Dehydrogenation Method: Grographic Segmentation
4.6 Others
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size (2016-2028F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Others: Grographic Segmentation
Chapter 5: High Purity Isobutylene Market by Application
5.1 High Purity Isobutylene Market Overview Snapshot and Growth Engine
5.2 High Purity Isobutylene Market Overview
5.3 Butyl rubber
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Butyl rubber: Grographic Segmentation
5.4 Polyisobutylene
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Polyisobutylene: Grographic Segmentation
5.5 Others
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Others: Grographic Segmentation
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Positioning
6.1.2 High Purity Isobutylene Sales and Market Share By Players
6.1.3 Industry BCG Matrix
6.1.4 Ansoff Matrix
6.1.5 High Purity Isobutylene Industry Concentration Ratio (CR5 and HHI)
6.1.6 Top 5 High Purity Isobutylene Players Market Share
6.1.7 Mergers and Acquisitions
6.1.8 Business Strategies By Top Players
6.2 LYONDELL BASELL
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Operating Business Segments
6.2.5 Product Portfolio
6.2.6 Business Performance
6.2.7 Key Strategic Moves and Recent Developments
6.2.8 SWOT Analysis
6.3 EXXONMOBIL CHEMICAL
6.4 NKNK
6.5 SUMITOMO CHEMICAL
6.6 EVONIK
6.7 HONEYWELL
6.8 SONGWON
6.9 TASCO
6.10 BEIJING YANSHAN PETROCHEMICAL
6.11 TPC GROUP
6.12 JINZHOU PETROCHEMICAL
6.13 ZHEJIANG SHUNDA NEW MATERIAL
6.14 SHANGDONG CHAMBROAD PETROCHEMICAL
Chapter 7: Global High Purity Isobutylene Market Analysis, Insights and Forecast, 2016-2028
7.1 Market Overview
7.2 Historic and Forecasted Market Size By Type
7.2.1 MTBE Decomposition Method
7.2.2 C4 Fraction Separation Method
7.2.3 Isobutane Dehydrogenation Method
7.2.4 Others
7.3 Historic and Forecasted Market Size By Application
7.3.1 Butyl rubber
7.3.2 Polyisobutylene
7.3.3 Others
Chapter 8: North America High Purity Isobutylene Market Analysis, Insights and Forecast, 2016-2028
8.1 Key Market Trends, Growth Factors and Opportunities
8.2 Impact of Covid-19
8.3 Key Players
8.4 Key Market Trends, Growth Factors and Opportunities
8.4 Historic and Forecasted Market Size By Type
8.4.1 MTBE Decomposition Method
8.4.2 C4 Fraction Separation Method
8.4.3 Isobutane Dehydrogenation Method
8.4.4 Others
8.5 Historic and Forecasted Market Size By Application
8.5.1 Butyl rubber
8.5.2 Polyisobutylene
8.5.3 Others
8.6 Historic and Forecast Market Size by Country
8.6.1 U.S.
8.6.2 Canada
8.6.3 Mexico
Chapter 9: Europe High Purity Isobutylene Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 MTBE Decomposition Method
9.4.2 C4 Fraction Separation Method
9.4.3 Isobutane Dehydrogenation Method
9.4.4 Others
9.5 Historic and Forecasted Market Size By Application
9.5.1 Butyl rubber
9.5.2 Polyisobutylene
9.5.3 Others
9.6 Historic and Forecast Market Size by Country
9.6.1 Germany
9.6.2 U.K.
9.6.3 France
9.6.4 Italy
9.6.5 Russia
9.6.6 Spain
Chapter 10: Asia-Pacific High Purity Isobutylene Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 MTBE Decomposition Method
10.4.2 C4 Fraction Separation Method
10.4.3 Isobutane Dehydrogenation Method
10.4.4 Others
10.5 Historic and Forecasted Market Size By Application
10.5.1 Butyl rubber
10.5.2 Polyisobutylene
10.5.3 Others
10.6 Historic and Forecast Market Size by Country
10.6.1 China
10.6.2 India
10.6.3 Japan
10.6.4 Southeast Asia
Chapter 11: South America High Purity Isobutylene Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 MTBE Decomposition Method
11.4.2 C4 Fraction Separation Method
11.4.3 Isobutane Dehydrogenation Method
11.4.4 Others
11.5 Historic and Forecasted Market Size By Application
11.5.1 Butyl rubber
11.5.2 Polyisobutylene
11.5.3 Others
11.6 Historic and Forecast Market Size by Country
11.6.1 Brazil
11.6.2 Argentina
Chapter 12: Middle East & Africa High Purity Isobutylene Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 MTBE Decomposition Method
12.4.2 C4 Fraction Separation Method
12.4.3 Isobutane Dehydrogenation Method
12.4.4 Others
12.5 Historic and Forecasted Market Size By Application
12.5.1 Butyl rubber
12.5.2 Polyisobutylene
12.5.3 Others
12.6 Historic and Forecast Market Size by Country
12.6.1 Saudi Arabia
12.6.2 South Africa
Chapter 13 Investment Analysis
Chapter 14 Analyst Viewpoint and Conclusion
Global High Purity Isobutylene Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data : |
2016 to 2020 |
Market Size in 2021: |
USD 7.74 Bn. |
Forecast Period 2022-28 CAGR: |
7.41% |
Market Size in 2028: |
USD 12.77 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HIGH PURITY ISOBUTYLENE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HIGH PURITY ISOBUTYLENE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HIGH PURITY ISOBUTYLENE MARKET COMPETITIVE RIVALRY
TABLE 005. HIGH PURITY ISOBUTYLENE MARKET THREAT OF NEW ENTRANTS
TABLE 006. HIGH PURITY ISOBUTYLENE MARKET THREAT OF SUBSTITUTES
TABLE 007. HIGH PURITY ISOBUTYLENE MARKET BY TYPE
TABLE 008. MTBE DECOMPOSITION METHOD MARKET OVERVIEW (2016-2028)
TABLE 009. C4 FRACTION SEPARATION METHOD MARKET OVERVIEW (2016-2028)
TABLE 010. ISOBUTANE DEHYDROGENATION METHOD MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. HIGH PURITY ISOBUTYLENE MARKET BY APPLICATION
TABLE 013. BUTYL RUBBER MARKET OVERVIEW (2016-2028)
TABLE 014. POLYISOBUTYLENE MARKET OVERVIEW (2016-2028)
TABLE 015. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA HIGH PURITY ISOBUTYLENE MARKET, BY TYPE (2016-2028)
TABLE 017. NORTH AMERICA HIGH PURITY ISOBUTYLENE MARKET, BY APPLICATION (2016-2028)
TABLE 018. N HIGH PURITY ISOBUTYLENE MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE HIGH PURITY ISOBUTYLENE MARKET, BY TYPE (2016-2028)
TABLE 020. EUROPE HIGH PURITY ISOBUTYLENE MARKET, BY APPLICATION (2016-2028)
TABLE 021. HIGH PURITY ISOBUTYLENE MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC HIGH PURITY ISOBUTYLENE MARKET, BY TYPE (2016-2028)
TABLE 023. ASIA PACIFIC HIGH PURITY ISOBUTYLENE MARKET, BY APPLICATION (2016-2028)
TABLE 024. HIGH PURITY ISOBUTYLENE MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA HIGH PURITY ISOBUTYLENE MARKET, BY TYPE (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA HIGH PURITY ISOBUTYLENE MARKET, BY APPLICATION (2016-2028)
TABLE 027. HIGH PURITY ISOBUTYLENE MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA HIGH PURITY ISOBUTYLENE MARKET, BY TYPE (2016-2028)
TABLE 029. SOUTH AMERICA HIGH PURITY ISOBUTYLENE MARKET, BY APPLICATION (2016-2028)
TABLE 030. HIGH PURITY ISOBUTYLENE MARKET, BY COUNTRY (2016-2028)
TABLE 031. LYONDELL BASELL: SNAPSHOT
TABLE 032. LYONDELL BASELL: BUSINESS PERFORMANCE
TABLE 033. LYONDELL BASELL: PRODUCT PORTFOLIO
TABLE 034. LYONDELL BASELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. EXXONMOBIL CHEMICAL: SNAPSHOT
TABLE 035. EXXONMOBIL CHEMICAL: BUSINESS PERFORMANCE
TABLE 036. EXXONMOBIL CHEMICAL: PRODUCT PORTFOLIO
TABLE 037. EXXONMOBIL CHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. NKNK: SNAPSHOT
TABLE 038. NKNK: BUSINESS PERFORMANCE
TABLE 039. NKNK: PRODUCT PORTFOLIO
TABLE 040. NKNK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. SUMITOMO CHEMICAL: SNAPSHOT
TABLE 041. SUMITOMO CHEMICAL: BUSINESS PERFORMANCE
TABLE 042. SUMITOMO CHEMICAL: PRODUCT PORTFOLIO
TABLE 043. SUMITOMO CHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. EVONIK: SNAPSHOT
TABLE 044. EVONIK: BUSINESS PERFORMANCE
TABLE 045. EVONIK: PRODUCT PORTFOLIO
TABLE 046. EVONIK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. HONEYWELL: SNAPSHOT
TABLE 047. HONEYWELL: BUSINESS PERFORMANCE
TABLE 048. HONEYWELL: PRODUCT PORTFOLIO
TABLE 049. HONEYWELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. SONGWON: SNAPSHOT
TABLE 050. SONGWON: BUSINESS PERFORMANCE
TABLE 051. SONGWON: PRODUCT PORTFOLIO
TABLE 052. SONGWON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. TASCO: SNAPSHOT
TABLE 053. TASCO: BUSINESS PERFORMANCE
TABLE 054. TASCO: PRODUCT PORTFOLIO
TABLE 055. TASCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. BEIJING YANSHAN PETROCHEMICAL: SNAPSHOT
TABLE 056. BEIJING YANSHAN PETROCHEMICAL: BUSINESS PERFORMANCE
TABLE 057. BEIJING YANSHAN PETROCHEMICAL: PRODUCT PORTFOLIO
TABLE 058. BEIJING YANSHAN PETROCHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. TPC GROUP: SNAPSHOT
TABLE 059. TPC GROUP: BUSINESS PERFORMANCE
TABLE 060. TPC GROUP: PRODUCT PORTFOLIO
TABLE 061. TPC GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. JINZHOU PETROCHEMICAL: SNAPSHOT
TABLE 062. JINZHOU PETROCHEMICAL: BUSINESS PERFORMANCE
TABLE 063. JINZHOU PETROCHEMICAL: PRODUCT PORTFOLIO
TABLE 064. JINZHOU PETROCHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. ZHEJIANG SHUNDA NEW MATERIAL: SNAPSHOT
TABLE 065. ZHEJIANG SHUNDA NEW MATERIAL: BUSINESS PERFORMANCE
TABLE 066. ZHEJIANG SHUNDA NEW MATERIAL: PRODUCT PORTFOLIO
TABLE 067. ZHEJIANG SHUNDA NEW MATERIAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. SHANGDONG CHAMBROAD PETROCHEMICAL: SNAPSHOT
TABLE 068. SHANGDONG CHAMBROAD PETROCHEMICAL: BUSINESS PERFORMANCE
TABLE 069. SHANGDONG CHAMBROAD PETROCHEMICAL: PRODUCT PORTFOLIO
TABLE 070. SHANGDONG CHAMBROAD PETROCHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY TYPE
FIGURE 012. MTBE DECOMPOSITION METHOD MARKET OVERVIEW (2016-2028)
FIGURE 013. C4 FRACTION SEPARATION METHOD MARKET OVERVIEW (2016-2028)
FIGURE 014. ISOBUTANE DEHYDROGENATION METHOD MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY APPLICATION
FIGURE 017. BUTYL RUBBER MARKET OVERVIEW (2016-2028)
FIGURE 018. POLYISOBUTYLENE MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA HIGH PURITY ISOBUTYLENE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the High Purity Isobutylene market research report is 2022-2028
Lyondell Basell (Netherlands), ExxonMobil Chemical (US), NKNK (Russia), Sumitomo Chemical (Japan), Evonik (Germany), Honeywell (US) and Other Major Players.
High Purity Isobutylene is segmented into Type, Application and region. By Type, the market is categorized into MTBE Decomposition Method, C4 Fraction Separation Method, Isobutane Dehydrogenation Method, Others. By Application, the market is categorized into Butyl Rubber, Polyisobutylene, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
High Purity Isobutylene (HPIB) is a chemical made up of an olefinic hydrocarbon conjured up by dehydration of tert-butanol. The production and manufacturing of various synthetic chemical products is done using HPIB or isobutylene.
Global High Purity Isobutylene Market was valued at USD 7.74 Billion in 2021 and is expected to reach USD 12.77 Billion by the year 2028, at a CAGR of 7.41%.