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LAMEA Isobutene Market Size, Share & Industry Trends Analysis Report By Product (Methyl tert-butyl ether (MTBE), and Ethyl tert-butyl ether (ETBE)), By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • October 2023
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935681
The Latin America, Middle East and Africa Isobutene Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 2,008.6 Kilo Tonnes, showcasing a growth of 6.3% (2023-2030).

The growing focus on sustainability and renewable resources can drive interest in renewable isobutene production. Market dynamics can be influenced by efforts to lower the carbon footprint and reliance on fossil fuels. Advances in production technology, including new methods for isobutene production from biomass or alternative feedstocks, can impact the market by altering supply chains and costs. The presence and strategies of major producers and suppliers in the market, including their capacity expansions, acquisitions, and pricing strategies, can affect the market's dynamics. Geopolitical tensions and events in major oil-producing regions can lead to fluctuations in crude oil prices, which, in turn, can influence isobutene prices and production. Changing customer preferences, such as the demand for more fuel-efficient vehicles and eco-friendly products, can influence the types of isobutene-derived products in demand.

The overall market size and growth rate can impact investor sentiment and long-term market stability. Government policies, including trade regulations, tariffs, and bio-based or sustainable production incentives, can shape the market environment. Extreme weather circumstances can disrupt supply chains and impact production facilities, particularly in regions prone to natural disasters. Exchange rate changes can affect the cost of imported and exported isobutene and its derivatives, impacting pricing and trade dynamics. Regulations related to the safe handling and transportation of isobutene can impact production and distribution costs.

The International Trade Administration estimates that the Middle East/North Africa (MENA) region is expanding at 36%, with Saudi Arabia's industry as the region's leader. In 2020, Saudi Arabia accounted for nearly 52% of all vehicles sold in the Gulf Cooperation Council (GCC) and 35% in the MENA region. In 2019 and 2020, Saudi Arabia sold 556 thousand and 436 thousand vehicles, respectively. Sales are expected to reach 543,000 units by 2025, with only 32,000 being electric vehicles (EVs). As more consumers and fleets adopt electric vehicles, there may be a reduction in the demand for traditional gasoline and diesel fuels in Saudi Arabia. This shift can influence the demand for isobutene-derived high-octane fuel additives, which are typically used in internal combustion engine (ICE) vehicles. The aspects mentioned above will expand the market growth in this region.

The Brazil market dominated the LAMEA Isobutene Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $757.1 Million by 2030. The Argentina market is showcasing a CAGR of 6.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.2% during (2023 - 2030).

Based on Product, the market is segmented into Methyl tert-butyl ether (MTBE), and Ethyl tert-butyl ether (ETBE). Based on Application, the market is segmented into Automotive, Aerospace, Pharmaceuticals, Antioxidants, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Evonik Industries AG (RAG-Stiftung), Exxon Mobil Corporation, Sumitomo Chemical Co., Ltd., Global Bioenergies, Weifang Binhai Petro-Chem Co., Ltd (Tiande Chemical Holdings Co., LTD), Honeywell International, Inc., LyondellBasell Industries Holdings B.V., Linde PLC, and China Petrochemical Corporation (Sinopec Group).

Scope of the Study

Market Segments Covered in the Report:

By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Methyl tert-butyl ether (MTBE)
  • Ethyl tert-butyl ether (ETBE)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Automotive
  • Aerospace
  • Pharmaceuticals
  • Antioxidants
  • Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • BASF SE
  • Evonik Industries AG (RAG-Stiftung)
  • Exxon Mobil Corporation
  • Sumitomo Chemical Co., Ltd.
  • Global Bioenergies
  • Weifang Binhai Petro-Chem Co., Ltd (Tiande Chemical Holdings Co., LTD)
  • Honeywell International, Inc.
  • LyondellBasell Industries Holdings B.V.
  • Linde PLC
  • China Petrochemical Corporation (Sinopec Group)

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Isobutene Market, by Product
1.4.2 LAMEA Isobutene Market, by Application
1.4.3 LAMEA Isobutene Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Isobutene Market
Chapter 5. LAMEA Isobutene Market, By Product
5.1 LAMEA Methyl tert-butyl ether (MTBE) Market, By Country
5.2 LAMEA Ethyl tert-butyl ether (ETBE) Market, By Country
Chapter 6. LAMEA Isobutene Market, By Application
6.1 LAMEA Automotive Market, By Country
6.2 LAMEA Aerospace Market, By Country
6.3 LAMEA Pharmaceuticals Market, By Country
6.4 LAMEA Antioxidants Market, By Country
6.5 LAMEA Others Market, By Country
Chapter 7. LAMEA Isobutene Market, By Country
7.1 Brazil Isobutene Market
7.1.1 Brazil Isobutene Market, By Product
7.1.2 Brazil Isobutene Market, By Application
7.2 Argentina Isobutene Market
7.2.1 Argentina Isobutene Market, By Product
7.2.2 Argentina Isobutene Market, By Application
7.3 UAE Isobutene Market
7.3.1 UAE Isobutene Market, By Product
7.3.2 UAE Isobutene Market, By Application
7.4 Saudi Arabia Isobutene Market
7.4.1 Saudi Arabia Isobutene Market, By Product
7.4.2 Saudi Arabia Isobutene Market, By Application
7.5 South Africa Isobutene Market
7.5.1 South Africa Isobutene Market, By Product
7.5.2 South Africa Isobutene Market, By Application
7.6 Nigeria Isobutene Market
7.6.1 Nigeria Isobutene Market, By Product
7.6.2 Nigeria Isobutene Market, By Application
7.7 Rest of LAMEA Isobutene Market
7.7.1 Rest of LAMEA Isobutene Market, By Product
7.7.2 Rest of LAMEA Isobutene Market, By Application
Chapter 8. Company Profiles
8.1 BASF SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Evonik Industries AG (RAG-Stiftung)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Exxon Mobil Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Sumitomo Chemical Co., Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Global Bioenergies
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.5.2.2 Product Launches and Product Expansions:
8.5.3 SWOT Analysis
8.6 Weifang Binhai Petro-Chem Co., Ltd (Tiande Chemical Holdings Co., LTD)
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 LyondellBasell Industries Holdings B.V.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Linde PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. China Petrochemical Corporation (Sinopec Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Research & Development Expenses
8.10.4 SWOT Analysis

Companies Mentioned

  • BASF SE
  • Evonik Industries AG (RAG-Stiftung)
  • Exxon Mobil Corporation
  • Sumitomo Chemical Co., Ltd.
  • Global Bioenergies
  • Weifang Binhai Petro-Chem Co., Ltd (Tiande Chemical Holdings Co., LTD)
  • Honeywell International, Inc.
  • LyondellBasell Industries Holdings B.V.
  • Linde PLC
  • China Petrochemical Corporation (Sinopec Group)

Methodology

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