About Isobutane
Isobutane is a chemical compound. It's a kind of butane isomer. Isobutane is a gas that is colourless and odourless. With a tertiary carbon atom, it is the most basic alkane. It is transported as a liquefied gas at atmospheric pressure. Frostbite can be caused by coming into contact with the liquid. It is easily combustible. Isobutane has extensive applications across numerous industrial domains, which has been primary reason for its exponential growth over the years. Largely Isobutane is used in petrochemical industry such as a feedstock for alkylation units in refineries to generate alkylate, an important high-octane component of gasoline that also helps to reduce the volatility of motor gasoline. It is also high in demand among rubber tire manufacturers due to lower resistance to liquids and gas. Other than that, Isobutane is also explored for its use in cosmetic products in place of CFC’s. North Asia Pacific is emerging as the fastest growing market due to rapid industrialisation in China and India.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Isobutane as an Industrial gas has large scale applications across numerous industrial domains. The market of isobutene is largely fragmented with presence of large number of global and small regional players in market. The rising demand for synthetic rubber or tire industry as well as growth in petrochemicals space is expected to grow the market of Isobutane at an exponential rate. Asia Pacific is expected to emerge as the fastest growing market of Isobutane. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Isobutane market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Linde Plc (Ireland), Amcor (Switzerland), ConocoPhillips (United States), Valero Energy Corporation (United States), Air Liquide S.A. (France), PBF Energy Inc. (United States), SABIC (Saudi Arabia), Taiyo Nippon Sanso Corporation (Japan), Chevron Phillips Chemical Company, LLC (United States) and Cryocarb (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sinopec Zhongyuan Petroleum Co., Ltd., Jinling Petrochemical (China) and SOS Gases, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Isobutane market by Type (Purity 99%, Purity 99.5%, Purity 99.7% and Others), Application (Cosmetic, Rubber, Pharmaceuticals, Aerospace, Antioxidants and Others) and Region.
On the basis of geography, the market of Isobutane has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Isobutane market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Bio-based will boost the Isobutane market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Lubricants, Fuels, Rubbers and Additives are Major Industrial Applications of Isobutane
Market Growth Drivers:
Increasing Demand for Manufacturing of Synthetic Rubber and Large Scale Applications in Petrochemicals
Challenges:
Direct Exposure of Humans to Isobutane may be Hazardous and may cause both Irritation and Burns
Restraints:
Isobutane is Considered Highly Flammable thus Transportation of Isobutane is Difficult and Dangerous
Opportunities:
Isobutane maybe used as a Substitute for Chlorofluorocarbons in Cosmetics.
Market Leaders and their expansionary development strategies
In 2019, Air Water Inc., a Japan based conglomerate providing industrial gas, chemicals, medical, energy, agriculture and food products, logistics, sea water and aerosol services and solutions has announced acquisition of Linde AG’s South India business. Linde AG is a multinational German industrial gas manufacturer. The acquisition deal is valued at USD 194 million. The Linde South India company will aid AWI in acquiring liquefied gas production and supply facilities as well as clients in the region. AWI wants to expand its operations outside of Japan.
In 2020, Linde AG, the german multinational industrial gas manufacturer entered into merger agreement with Praxair Inc., under the deal Praxair Inc. has announced change of its name to Linde. The move represents the company's transformation following the merger of Praxair Inc. and Linde AG, with the new Linde's combined product and service portfolios offering clients additional alternatives to increase operating efficiency and plan for future growth. Both the companies will operate under the holding company of Line Plc.
Key Target Audience
Isobutane Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.