FEATURED COMPANIES
- Air Liquide
- Conoco Phillips
- Evonik
- Jinling Petrochemicals
- Linde
- Praxair Technology
Extensive use of isobutene in refineries in the production of alkylate is estimated to boost the market growth.
Market Size in 2019 - USD 21.32 billion, Market Growth - CAGR of 6.6%, Market Trends - Rising cold chain market
The Global Isobutane Market size is expected to reach USD 36.24 Billion by 2027, according to the latest report. Isobutane is a colorless gas with a petroleum-like odor. It is inflammable and is denser than air. Isobutane has a distinctive place in the market. Isobutane is extracted from refineries and gas processing plants and is also the only NGL produced from another NGL-n-butane.
Isobutane is principally used in refineries as a gasoline - petrol - additive. It is used to produce isooctane, a constituent of high octane gasoline that increases the octane rating and anti-knock features of gasoline. This extensive use of isobutane in refineries and petrochemical plants is forecast to drive market growth.
The cold chain market, where temperature control is a crucial aspect throughout the supply chain, seeks the application of isobutane as a refrigerant. With the consistent growth of the cold chain market, there would be an increased demand for isobutene over the forecast period. Factors that may restrain the market growth are the inflammable nature of isobutane and the related safety issues.
The market for isobutene in the Asia Pacific region is projected to observe the highest growth rate due to the increased number of petroleum refineries and petrochemical plants, especially in countries like China and India. Market demand in this region is also attributed to the surging demand for isobutane as refrigerants and aerosol propellants in several other industries.
Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the Global Isobutane Market on the basis of type, grade, application, and region:
Type Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
Grade Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
Regional Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
Reasons to Buy the Report
Market Size in 2019 - USD 21.32 billion, Market Growth - CAGR of 6.6%, Market Trends - Rising cold chain market
The Global Isobutane Market size is expected to reach USD 36.24 Billion by 2027, according to the latest report. Isobutane is a colorless gas with a petroleum-like odor. It is inflammable and is denser than air. Isobutane has a distinctive place in the market. Isobutane is extracted from refineries and gas processing plants and is also the only NGL produced from another NGL-n-butane.
Isobutane is principally used in refineries as a gasoline - petrol - additive. It is used to produce isooctane, a constituent of high octane gasoline that increases the octane rating and anti-knock features of gasoline. This extensive use of isobutane in refineries and petrochemical plants is forecast to drive market growth.
The cold chain market, where temperature control is a crucial aspect throughout the supply chain, seeks the application of isobutane as a refrigerant. With the consistent growth of the cold chain market, there would be an increased demand for isobutene over the forecast period. Factors that may restrain the market growth are the inflammable nature of isobutane and the related safety issues.
The market for isobutene in the Asia Pacific region is projected to observe the highest growth rate due to the increased number of petroleum refineries and petrochemical plants, especially in countries like China and India. Market demand in this region is also attributed to the surging demand for isobutane as refrigerants and aerosol propellants in several other industries.
Further key findings from the report suggest
- Pure grade isobutane is expected to witness the highest growth rate of 6.8% in the forecast period owing to the application of this grade of isobutane in the alkylation process as well as in refrigeration systems. Technical grade isobutene is estimated to reach over USD 10.71 billion by the end of the forecast period.
- Isobutane does not have the harmful characteristics of Freon and other related compounds. Therefore, it is used in all types of refrigeration systems in a wide range of applications, from small home solutions to massive commercial freezers. Isobutane is implied as R-600a when it is used as a propellant in aerosols or as refrigerants.
- The petrochemicals sub-segment is projected to capture more than 60% of the market in the following years, reaching over USD 20.77 billion by the end of the forecast period. This can be attributed to the high use of isobutane in feedstock used in the formation of a suitable atmosphere for the production of isooctane. Research is being conducted on various capabilities of isobutane as a feedstock in enhancing the production of numerous other compounds.
- Isobutane is a kind of hydrocarbon, which is liquefied under pressure and used as fuel in the form of liquid petroleum gas.
- The Asia Pacific is estimated to capture the largest market share with a growth rate of 6.7% over the forecast period due to the presence of a large number of refineries in China, India, Japan, and South Korea. The market in North America is anticipated to surpass USD 7.17 billion by the end of the forecast period.
- Participants in the isobutane market include Linde, Sirloong, Conoco Phillips, Praxair Technology, Shell Trading International Limited, Air Liquide, Jinling Petrochemicals, Taiyo Nippon Sanso Corporation, Evonik, and Sibur, among others.
For the purpose of this report, Reports and Data has segmented the Global Isobutane Market on the basis of type, grade, application, and region:
Type Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
- 99% Pure
- 5% Pure
- 7% Pure
- Others
Grade Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
- Pure Grade
- Instrumentation Grade
- Technical Grade
Application Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
- Refrigeration System
- Cosmetic Products
- Petrochemicals
- Aerosols
- Others
Regional Outlook (Volume, Million B/D; Revenue, USD Million; 2017-2027)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Southeast Asia
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Isobutane Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Isobutane market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
FEATURED COMPANIES
- Air Liquide
- Conoco Phillips
- Evonik
- Jinling Petrochemicals
- Linde
- Praxair Technology
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Isobutane Market Segmentation & Impact Analysis
Chapter 5. Isobutane Market Type Insights & Trends
Chapter 6. Isobutane Market Drug Grade Insights & Trends
Chapter 7. Isobutane Market Application Insights & Trends
Chapter 8. Isobutane Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
- Conoco Phillips
- Linde
- Praxair Technology
- Air Liquide
- Shell Trading International Limited
- Sirloong
- Jinling Petrochemicals
- Taiyo Nippon Sanso Corporation
- Evonik
- Sibur among others.
