About Isobutylbenzene
Isobutylbenzene is a colorless flammable liquid. It is used in the industrial manufacturing of ibuprofen. Isobutylbenzene market is growing owing to increasing demand for the ibuprofen. Moreover, increasing demand from the end use industries expected to drive the demand for Isobutylbenzene during the forested period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the Isobutylbenzene market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Isobutylbenzene 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.
IOL Chemicals and Pharmaceuticals Limited (India), Merck (United States), SI Group (United States), Vinati Organics Limited (India), Shandong Xinhua Pharm (China), Vizag Chemical (India), Xinhua (China) and Ralington (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are TCI Chemicals (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Isobutylbenzene market by Type (Pharmaceutical Grade and Industrial Grade), Application (Coating, Surfactant, Aromatic, Analgesic, Gene Silencing, Feedstock and Others) and Region.
On the basis of geography, the market of Isobutylbenzene 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 Industry Vertical, the sub-segment i.e. Pharmaceutical will boost the Isobutylbenzene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Pharmaceutical Grade will boost the Isobutylbenzene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Capacity Expansion
Market Growth Drivers:
Increasing Demand for Ibuprofen and Rising Demand from Chemical Industry
Challenges:
Fluctuations in crude oil prices hamper the production capacity and affect the cost of production of toluene and propylene.
Restraints:
Stringent Government Regulations Regarding Isobutylbenzene
Opportunities:
Growing Demand from End-Use Industries and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In October 2023, SI Group, a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions, announced the completion of the acquisition of TPC Group’s Baytown, Texas manufacturing facility. The acquisition includes an on-site terminal and manufacturing assets for nonene, tetramer, and other propylene derivatives. Nonene and tetramer are propylene oligomers, used as intermediates in the production of plasticizers, detergents, lube oil additives, antioxidants, and other performance products.
In December 2022, Merck, known as MSD outside of the United States and Canada, and Kelun-Biotech (a holding subsidiary of Sichuan Kelun Pharmaceutical Co., Ltd), a clinical-stage biotech company focused on biologic and small molecule discovery and development, announced that the companies have entered into an exclusive license and collaboration agreement to develop seven investigational preclinical antibody-drug conjugates (ADC) for the treatment of cancer.
Key Target Audience
Isobutylbenzene Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
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.