The bio-isobutene market is expected to witness market growth at a rate of 150.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on bio-isobutene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the reliability as well as environmental and socio-economic sustainability in the global chemical value chain is escalating the growth of bio-isobutene market.
Bio-isobutene is a bio derived variant of conventional isobutene, which observes its purpose in a variety of end-user industries such as fuel and fuel additives, butyl rubber, cosmetics and personal care industry, lubricants, green plastics and so forth.
Major factors that are expected to boost the growth of the bio-isobutene market in the forecast period are the rise in the requirement for bio-based and green products in numerous application sectors such as transportation, rubber, plastic, personal care and cosmetics, lubricant, and solvent industries. Furthermore, increase of the raw material price and the changes in the fuel standards in the aerospace industry and the rise in the demand for liquefied petroleum gas (LPG) and natural gas in the transportation industry because of the governing policies that are in the favour of cleaner and alternative fuels are few of the factors further propelling the growth of the bio-isobutene market.
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Bio-Isobutene Market Scope and Market Size
The bio-isobutene market is segmented on the basis of products and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of products, the bio-isobutene market is segmented into straw-derived bio-isobutene, sugar beet bio-isobutene, cane-derived bio-isobutene, others. Others is further sub segmented into bio-based plastics, organic glass and others.
- On the basis of application, the bio-isobutene market is segmented into fuel, butyl rubber, bio-based cosmetic ingredients, lubricant additives, others. Others is further sub segmented into wood, cereals, tubers and others.
Bio-Isobutene Market Country Level Analysis
The bio-isobutene market is analysed and market size, volume information is provided by country, products and application as referenced above.
The countries covered in the bio-isobutene market report are the 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, Israel, Egypt, South Africa, 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.
Europe dominates the bio-isobutene market due to oil and gas companies that are planning to switch to cleaner bio-based fuels by processing and converting bio-based feedstocks such as wheat straw, sugarcane, sugar beet, and cereal wastes. Furthermore, increase in the disposable income will further boost the growth of the bio-isobutene market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the bio-isobutene market due to the high expenditure on passenger cars and light vehicles. Moreover, the strong production sector growth and rise in the per capita disposable income is further anticipated to propel the growth of the bio-isobutene market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
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Competitive Landscape and Bio-Isobutene Market Share Analysis
The bio-isobutene 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 bio-isobutene market.
The major players covered in the bio-isobutene market report are LyondellBasell Industries Holdings B.V., TPC, Honeywell International Inc., SONGWON, LANZATECH, Praxair Technology, Inc., Exxon Mobil Corporation., BASF SE, Evonik Industries AG, YEOCHUN NCC CO., LTD., Global Bioenergies, Vinati Organics Limited, Chandra Asri Petrochemical, Dow, Clariant, Eastman Chemical Company, LANXESS, L’Oréal S.A., Butagaz SAS, INEOS, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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