The global isobutene market size is expected to reach USD 39.60 Billion in 2030 and register a steady revenue CAGR of 4.6% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primary driven by factors such as development of bio-based isobutene and high demand from end-use industries such as automotive and aerospace. For instance, on behalf of German-French business Global Bioenergies, Fraunhofer Center for Chemical-Biotechnological Processes CBP conducted research and developed a process for generation of fuels and fuel additives from biogenic isobutene, as a part of "BioFAA" project. Isobutene, one of the most important compounds in the petrochemical sector, is currently generated economically only from fossil resources, mostly petroleum. Global Bioenergies produces biogenic isobutene required for the project utilizing a self-developed method from renewable raw sources (e.g. cereals, sugar, agricultural or forestry waste). To do this, Global Bioenergies and Fraunhofer CBP collaborated to establish a demonstration plant for fermentative manufacture of bio-based isobutene from sugars on the Fraunhofer CBP site in Leuna.

The report studies the historical data of the Isobutene market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Isobutene industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Isobutene market.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

BASF SE, Evonik Industries AG, Exxon Mobil Corporation, ABI Chem Germany, Global Bioenergies, Praxair Technology, Inc., Syngip BV, LanzaTech, Songwon, and Honeywell International Inc

Research Report on the Isobutene Market Addresses the Following Key Questions:

  • Who are the dominant players of the Isobutene market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Isobutene market?
  • What are the key growth drivers and restraining factors of the Isobutene market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Isobutene market and its key segments?

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Emergen Research has segmented the global Isobutene market on the basis of type, type of care, and region

Segments Covered in this report are:

  • Product Outlook (Revenue, USD Billion; 2019-2030)

    • Methyl Tert-Butyl Ether (MTBE)
    • Ethyl Tert-Butyl Ether (ETBE)

  • Application Outlook (Revenue, USD Billion; 2019-2030)

    • Automotive
    • Aerospace
    • Antioxidants
    • Pharmaceuticals
    • Other Applications

  • Regional Outlook (Revenue, USD Billion; 2019-2030)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest of Middle East & Africa

In conclusion, the Isobutene Market report is an exhaustive database that will help readers formulate lucrative strategies. The Isobutene Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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