Global High Purity Isobutylene Market was valued at USD 7.74 Billion in 2021 and is expected to reach USD 12.77 Billion by the year 2028, at a CAGR of 7.41%.
The Final Report will cover the analysis of the Impact of Covid-19 on this industry.
The high purity isobutylene (HPIB) market is projected to travel on an upward trajectory over the next several years. HPIB demand is on the rise owing to its increased application in the automotive sector. Much of the growth in HPIB demand can be attributed to the expansion of end-use sectors such as rubber manufacturing and fuel additives in regions such as APAC, LatAm, and MEA. MTBE decomposition method continues to be the most popular method for HPIB production but growing criticisms with regard to its poor environmental viability have raised concern among suppliers. It is highly likely that the development of acceptable production techniques will remain a key area of focus in the forthcoming years.
The global High Purity Isobutylene market provides qualitative and quantitative information on the growth rate, market segmentation, market size, future trends, and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the High Purity Isobutylene market. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
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The Major Players Covered in this Report:
- Lyondell Basell
- ExxonMobil Chemical
- NKNK
- Sumitomo Chemical
- Evonik
- Honeywell
- Songwon
- TASCO
- Beijing Yanshan Petrochemical
- TPC Group
- Jinzhou Petrochemical
- Zhejiang Shunda New Material
- Shangdong Chambroad Petrochemical and other major players.
By Type, High Purity Isobutylene has been segmented into:
- MTBE Decomposition Method
- C4 Fraction Separation Method
- Isobutane Dehydrogenation Method
- Others
By Application, High Purity Isobutylene has been segmented into:
- Butyl rubber
- Polyisobutylene
- Others
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the High Purity Isobutylene industry. The study categorizes the Aerospace Carbon Fiber industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.
Key Benefits for Industry Participants Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape strategies of key players
- Potential niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the High Purity Isobutylene HPIB Market
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