Di-isobutylene Market: Introduction
Di-isobutylene is an isomeric compound that is colorless with an odor similar to aromatic gasoline and has a flashpoint of 10°F. Di-isobutylene is mainly produced by the reaction of isobutylene with tertiary butyl alcohol in the presence of sulphonic acid. It has a wide range of applications in the production of chemicals and chemical intermediates used in rubber, lubricant, and polymer industries due to its high compatibility and chemical stability.
In addition to this, di-isobutylene finds application as a co-monomer in the production of elastomers, hydrocarbon resins, and polycarbonate resins. A key application of di-isobutylene includes the production of octylphenol and isononyl derivatives that are further used as a tackifier in radial tires, stabilizers in the rubber and lubricant industry, and anti-wear lubricants and HALS stabilizers for polyolefin applications.
The rise in expenditure in downstream industries has led to the rapid growth of the di-isobutylene market. The di-isobutylene market is expected to witness significant growth owing to its use in the automobile and refinery industry. Thus, the di-isobutylene market is likely to grow at a high pace over the forecast period of 2019-2029.
Di-isobutylene Market: Market Dynamics
Rise in global automobile industry direct influenceS the growth of global di-isobutylene market. Di-isobutylene is primarily used in the production of octylphenol resins, octylated diphenylamine and isononyl derivatives, which is further used in the production of automobile tires. With the ongoing trend towards sustaining resources and rising consciousness about safety during the operation of an automobile, high demand for high-performance automobile tires is witnessed.
Moreover, with increased focus on reducing fuel cost in the automotive sector, the need for di-isobutylene has increased worldwide as it is used as an additive in two stroke engine which burns without producing any harmful gases, thereby resulting in low soot deposition.
As a result, the market for di-isobutylene is expected to show a smooth growth curve in the forthcoming years. Moreover, its usage in lubricant and rubber industries has further added value to the growth of the di-isobutylene market.
The increasing demand for di-isobutylene in the various end-use industries is mainly due to the extensive properties offered by di-isobutylene such as high tensile strength, electrical insulation and low gas permeability, which further contributes to the growth of consumption of di-isobutylene globally. On the other hand, uncertainty in crude oil prices and recession in automotive industry will impact the growth of the di-isobutylene market.
Know More Details About the Report
Di-isobutylene Market: Regional Outlook
Global Di-isobutylene market is divided into six regions including North America, Latin America, Europe, South Asia & Oceania, East Asia, and MEA. Among the above mentioned regions, North America accounts for over 30% of the global di-isobutylene market share due to its broad automotive industry and key players having manufacturing plants in this region. China, on the urge of self-sufficiency, has invested heavily in R&D and production capacity expansion.
However, due to a slight downfall in the automobile industry, the demand for di-isobutylene has witnessed a shortfall in East Asia but it is anticipated to witness a high pace growth in the forecast period. Moreover, di-isobutylene demand in Europe has witnessed steady growth due to the shift of major producers to the low cost manufacturing countries.
South Asia & Oceania is expected to witness growth higher than that of global di-isobutylene growth owing to the growing industrialization and automotive industry in the region. Middle East along with Latin America account for a single digit shares under the global di-isobutylene market in 2019.
Di-isobutylene Market: Market stakeholders
Key market stakeholders in the global di-isobutylene market are Evonik Industries, Maruzen Petrochemical, Lanxess, Zibo JinLin Chemical, Shandong Huachao Chemical Co., Ltd., Nizhnekamskneftekhim, Lyondellbasell, Huajiang Chemical, FUJIFILM Wako Pure Chemicals, INEOS Oligomer, and TPC Group, amongst others. Di-isobutylene market consists of well-diversified global and regional players with the global vendors ruling the market.
The research report presents a comprehensive assessment of the Di-isobutylene market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Di-isobutylene market report provides analysis and information, according to market segments such as geographies, application, grade type and end-use industries.
Avail customized purchase options for your needs
Di-isobutylene Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Di-isobutylene Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of LATAM)
- Europe (UK, Germany, Spain, France, Russia, BENELUX, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, ANZ, Rest of Oceania)
- MEA (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
Di-isobutylene report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Di-isobutylene report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Di-isobutylene report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Di-isobutylene Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Di-isobutylene Market: Segmentation
Based on grade, the di-isobutylene Market is segmented as:
- Below 95%
- Above 98%
Based on application, the di-isobutylene market is segmented as:
- Oxidation inhibitors
- Anti-wear additives
Based on the region, the Di-isobutylene market is segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
The Rise of Intelligent Packaging
Personalized, Connected and Sustainable
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.