Isobutene Segmentation
Product (Methyl Tert-Butyl Ether (MTBE), Ethyl Tert-Butyl Ether (ETBE))
Methyl tert-butyl ether (MTBE) segment is estimated to dominate over 85.5% isobutene market share by 2037, owing to its high demand in the gasoline sector. MTBE is widely used as an octane boosting and anti-knocking agent in the fuel for gasoline engines. Methyl tert-butyl ether is a cost-effective alternative to toxic fuels and is highly used as a gasoline additive across the world. For instance, the U.S. Energy Information Association estimates that the consumption of motor gasoline is expected to be 8.91 million barrels per day in 2025. The same source also reveals that the global consumption of petroleum and other liquids was 99.3 million barrels per day in 2022.
Application (Automotive, Aerospace, Antioxidants, Pharmaceuticals)
By 2037, automotive segment is poised to dominate over 40.5% isobutene market share, owing to its high use in hoses, adhesives, sealants, and tire production. Isobutene is used in the production of butyl rubber, which is a key ingredient in car tire manufacturing. High-quality tires are important for any automobile considering the safety and durability factors. Butyl rubber offers superior air retention and toughness that reduces the risk of tire blowouts, enhancing the vehicle and driver’s safety.
Our in-depth analysis of the global market includes the following segments:
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