Isobutene Market Share

  • Report ID: 6445
  • Published Date: Sep 17, 2024
  • Report Format: PDF, PPT

Isobutene Market Share

North America Market Forecast

North America in isobutene market is estimated to dominate over 47.5% revenue share by 2037. The rapid advancements in the pharma and aerospace sectors are contributing to the increasing sales of isobutene. The ongoing innovations in isobutene production technologies and the increasing number of chemical manufacturing plants in the region are also fuelling the market growth.

Increasing at a CAGR of 5.5%, the U.S. isobutene market is estimated to be valued at USD 10.7 billion in 2025. The rising popularity of super and high-performance cars is driving the demand for isobutene. Isobutene is primarily exhibiting a swift application in the production of high-octane gasoline and fuel additives, which aids in improving vehicle performance and efficiency.

In Canada, the sales of isobutene are directly influenced by the swiftly expanding petrochemical sector. Isobutene is a key material for the production of polymers and chemicals, and the rising demand for specialty chemicals is anticipated to boost the market growth in the country.

APAC Market Statistics

Asia Pacific isobutene market is poised to grow at over 5.5% CAGR between 2025 and 2037, owing to the increasing infrastructure development activities. The increasing number of chemical manufacturing plants is anticipated to aid Asia Pacific in capturing 25.5% of the global market share by 2037. India, China, Japan, and South Korea are some high-growth marketplaces in Asia Pacific.

The chemical industry in India is expanding rapidly driven by the increasing investments in new facilities and technologies. Isobutene is essential in the production of synthetic rubber, plastics, and other chemicals, boosting its demand growth. India is the 3rd largest chemical producer in Asia Pacific, contributing 7% to its GDP. The India Brand Equity Foundation estimates that the India chemical market is projected to reach USD 1.0 trillion by 2040.

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Isobutene Market Share
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Author Credits:  Rajrani Baghel


  • Report ID: 6445
  • Published Date: Sep 17, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global isobutene market will be valued at USD 32.7 billion in 2025.

Expanding at a CAGR of 4.7%, the global market is expected to increase from USD 31.1 billion in 2024 to USD 56.7 billion by 2037.

Some of the leading companies are BASF, Evonik Industries AG., Global Bioenergies, and Honeywell International.

Methyl tert-butyl ether (MTBE) is estimated to capture a strong 85.5% of the market share through 2037.

North America leads the global demand for isobutene and is expected to hold a 47.5% market share through 2037.
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