Isobutanol Market to Witness Comprehensive Growth by 2025

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Isobutanol Market 

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2025

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Isobutanol Market  Overview

• The highly competitive global market for
  isobutanol features a large number of small and
  large companies, wherein companies are putting
  more focus on reducing their dependence on
  conventional feedstock derived from crude oil as
  a way to reap benefits from the rising demand for
  bio-based products, observes Transparency Market
  Research in a recent report.
• Some of the leading companies in the market are
  The Dow Chemical Company, Mitsubishi Chemical
  Corporation, BASF SE, Eastman Chemical Company,
  Gevo, Grupa Azoty S.A., Saudi Butanol Company,
  Andra Perteochemicals Limited, and Oxea GmbH.
• According to the report, the global isobutanol
  market was valued at US679.7 mn in 2016. The
  market is likely to reach US1,069.9 mn by 2025,
  expanding at a CAGR of 5.2 between 2017 and
  2025.
• Asia Pacific to Continue to Remain Leading
  Regional Market Applications of isobutanol across
  industries such as automotive, chemical, and
  paints and coatings are likely to amass the most
  share in the overall revenue of the global market
  over the forecast period.
• The rising usage of the compound across the
  bio-fuel sector is also likely to present
  promising growth avenues before the market in the
  near future.

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Increased Global Consumption of Paints and
Coatings to Spell Growth for Market

• One of the key factors expected to have a
  significant positive impact on the overall
  development of the global isobutanol market is
  the increased demand from the paints and coatings
  industry.
• As isobutanol is one of the key constituent of
  coatings and solvents used across a number of
  applications in industries such as building and
  construction and automotive, the increased demand
  for coatings across these industries is likely to
  have a significant positive impact on the overall
  development of the global isobutanol market in
  the next few years.
• Isobutanol has a wide set of applications in
  automobiles, including usage in anti-wear and
  anti-corrosion engine oils and polishing and
  cleaning of automobile parts.
• Owing to rising disposable income in developing
  economies, sales of personal vehicles have
  skyrocketed in the past few years.
• As isobutanol is one of the most used solvents in
  the pharmaceutical industry, the rising demand
  for products from the latter is expected to have
  a positive impact on the overall development of
  the isobutanol industry as well.
• Isobutanol is also used as a key ingredient in
  the production of industrially important products
  such as lubricants, plastics, and propylene,
  rising demand for which is expected to further
  drive the market.

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Fluctuations in Crude Oil Prices could Hamper
Market Growth

• Despite vast growth opportunities, the markets
  growth prospects could be restrained to a certain
  extent owing to fluctuations in supply and
  pricing of crude oil as isobutanol is
  manufactured from propene, which is a key
  derivative of crude oil refining.
• Nevertheless, the increased focus on research and
  development in the area of bio-fuel has enabled
  the production of isobutanol with the help of
  biological fermentation in the recent years.
• Moreover, companies operating in the global
  isobutanol market may benefit from the increased
  usage of isobutanol in the development of
  bio-fuel, which are much cleaner and have nearly
  30 more energy content as compared to ethanol.

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Prominent players operating in the global
isobutanol market include

• The Dow Chemical Company,
• Mitsubishi Chemical Corporation,
• BASF SE,
• Eastman Chemical Company,
• Gevo, Grupa Azoty S.A.,
• Saudi Butanol Company,
• Andra Perteochemicals Limited,
• Oxea GmbH.

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