The growing application in paints coatings and growing demand for manufacturing in various chemical intermediates are driving the need for the market.
India Isobutanol Market Size – USD 0.98 Billion in 2019, Growth - CAGR of 6.4%, Trends – growing downstream industries.
The global India Isobutanol Market is forecast to reach USD 1.56 Billion by 2027, according to a new report by Reports and Data. Rising demand for India Isobutanol through diverse end-use industries, including oil gas and chemical intermediates, is anticipated to enhance its production over the forecast period. India Isobutanol's introduction as a synthetic medium for the development of isobutyl esters has also led to market penetration. India Isobutanol-associated intrinsic characteristics such as medium volatility and minimal miscibility are considered to be favorable for market growth.
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Top Companies: BASF, The Dow Chemical Company, Eastman Chemical Company, Toray, Fitesa, Formosa Plastics Corp., Oxea GmbH, Mitsubishi Chemical Corporation, Perstorp Holding AB and Sasol Ltd. among others.
Further Key Finding from the Report Suggestion:
- Chemical intermediates were the leading product group and constituted 46.54% of the overall value of the industry in 2019. Due to the rapid development of the petrochemical industry, especially in the Middle East and the Asia Pacific, the segment is anticipated to gain market share in the coming years.
- The fastest growth of 6.6% from 2019 to 2027 is anticipated for bio-based India Isobutanol. Rising environmental and toxicity issues coupled with high selling levels of bio-based India Isobutanol at lower prices, can be due to demand for the chemical. Bio-based India Isobutanol is widely used in low carbon emissions and cleaner-burning green jet fuels.
- The APAC is expected to intensify with an estimated 6.4% CAGR, due to the booming oil gas industry, the demand in emerging nations such as China and India is rising. The government has taken steps for urbanization, and industrialization has led to the rapid growth of the production sector in the country, which will have a significant impact on regional growth.
- Established North American and European markets are distinguished by changing customer interest to environmentally friendly products and a tight regulatory system for the manufacture of various petrochemical products.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global India Isobutanol market is segmented into:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Synthetic
- Bio-based
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
- Oil Gas
- Solvents Coatings
- Chemical Intermediate
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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