The 2-methylpropylbenzene (isobutyl benzene) is expected to grow significantly during the forecast owing to the increasing demand from numerous end user industries such as chemical, pharmaceuticals, personal care and many more. Moreover, the growing industrial and pharmaceutical manufacturing industries are expected to enhance the growth of the market. Apart from that, 2-methylpropylbenzene (isobutyl benzene) is used in the production of Ibuprofen and perfumes, improving the market's expansion during the forecast period.

Data Bridge Market Research analyses that the 2-methylpropylbenzene (isobutyl benzene) market is expected to reach USD 165.25 million by 2030, which is USD 108.50 million in 2022, registering a CAGR of 5.40% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Grab PDF Sample Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-2-methylpropylbenzene-isobutyl-benzene-market

Market Definition

2-Methylpropylbenzene (Isobutyl Benzene) is an organic, neutral, aromatic, and colourless liquid chemical compound with a specific gravity of about 0.852. It is also well-known as 2-methylpropylbenzene. Isobutyl benzene is a colourless chemical compound with a chemical formula C10H14. It is manufactured out of potassium carbonate, toluene, propylene, methanol sodium among other chemicals. It is a basic organic raw material that is used widely in the perfume and pharmaceutical industry.

Recent Development

• In 2020, Vinati Organics Limited announced a development of INR 60 crores (US$8.6 million) for the production of specialty chemicals comprising isobutyl benzene.

Global 2-Methylpropylbenzene (Isobutyl Benzene) Market Scope

The 2-methylpropylbenzene (isobutyl benzene) market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Pharmaceutical Grade
• Industrial Grade
• Bio Grade

End User

• Pharmaceuticals
• Coatings
• Surfactants
• Others

2-Methylpropylbenzene (Isobutyl Benzene) Market Regional Analysis/Insights

The 2-methylpropylbenzene (isobutyl benzene) market is analyzed and market size insights and trends are provided by country, product type and end user as referenced above.

The countries covered in the 2-methylpropylbenzene (isobutyl benzene) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the 2-methylpropylbenzene (isobutyl benzene) market owing to high production of isobutyl benzene in India and China. These are some major countries expected to be the major markets for isobutyl benzene market in this region.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 owing to growing demand for 2-methylpropylbenzene (isobutyl benzene)  in pharmaceutical sector in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and 2-Methylpropylbenzene (Isobutyl Benzene) Market Share Analysis

The 2-methylpropylbenzene (isobutyl benzene) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 2-methylpropylbenzene (isobutyl benzene) market.

Some of the major players operating in the 2-methylpropylbenzene (isobutyl benzene) market are:

• Thermo Fisher Scientific (U.S.)
• Merck KGaA (U.S.)
• TCI Chemicals (India) Pvt. Ltd. (Japan)
• IOL (India)
• SI Group, Inc. (U.S.)
• Vizag Chemicals (India)
• Vinati Organics Limited (India)
• Shandong Xinhua Pharma (China)
• Ralington Pharma (India)
• SynQuest Laboratories (U.S.)