Isobutanol Market Size, Share & Industry Analysis, By Type (Synthetic, Bio-based), By Application (Oil & Gas, Solvents & Coatings, Chemical Intermediates, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104544 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Isobutanol, also known as 2-methylpropan-1-ol is an organic compound, specifically an alcohol represented as i-BuOH. It is a colorless, flammable, and a specific smell which is used primarily as an organic solvent either directly or as esters. The compound has isomers n-butanol, 2-butanol, and tert-butanol which are industrially significant molecules. It is generally prepared by carbonylation of propylene in laboratory, but can also be produced by biosynthesis using E. coli and other organisms.

There has been growth in environmental concerns and awareness in consumers regarding toxicity of solvents has significantly raised the demand for bio-based solvents. Increasing demand for bio-based isobutanol from various sectors and specially for clean jet fuels is expected to drive the market. Growing demand for isobutanol across oil & gas and chemical sector shall create positive impact on market. Additionally, emergence of isobutanol as feedstock chemical for esters shall foster market growth.

However, isobutanol is highly flammable liquid which can cause serious accidental fires. This is expected to limit the market growth.

Key Market Driver -

Increasing demand for biosynthesized isobutanol.

Key Market Restraint -

High flammability.

Market Segmentation:

Based on type, the global isobutanol market is segmented into synthetic and bio-based. Based on application, is segmented into oil & gas, solvents & coatings, chemical intermediates, and other applications.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Isobutanol Market Key Players Covered:

The global isobutanol market consists of global & regional players operating. Some of the key players in the market include BASF SE, Eastman Chemical Company, Gevo , Butamax Advanced Biofuels LLC, Sahara PCC, The Dow Chemical Company, Mitsubishi Chemical Corporation, INEOS, and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Isobutanol Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Isobutanol Market Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia pacific is expected to emerge as the largest market for isobutanol. Growing petrochemicals, oil & gas, and chemical industries is expected to surge the market growth. Europe is expected to follow Asia pacific attributed to the upcoming capacity expansions in petrochemical industries and bio-refineries in Belgium, Hungary, Italy, Germany and others. North America is expected to show considerable growth attributed to the large consumer base of chemical and petrochemical industries. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Type	Synthetic Bio-based
By Application	Oil & Gas Solvents & Coatings Chemical Intermediates Others
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Isobutanol Industry Developments

In August 2020, Gevo and Praj industries ltd announced the collaboration to provide renewable, low-carbon, low particulate sustainable aviation fuel. Gevo is expected to give its technology to praj to produce renewable isobutanol from 1G and 2G feedstock.

In January 2017, Environmental Protection Agency (EPA) approved the production pathway for isobutanol which is used as advanced Biofuel. The technology includes use of corn to produce isobutanol.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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