2-Methylpropene Market: Trends and Opportunities
Products derived from 2-methylpropene include butyl rubber, polyisobutylene, MMA monomer, isooctane, and MTBE. Butyl rubber is synthetic rubber produced by co-polymerization of 2-methylpropene with a small amount of isoprene. Polyisobutylene is a polymer with high molecular weight, it is produced by 2-methylpropene polymerization. MMA monomer is widely employed in several applications, ranging from dental prosthetics and bone cements to contact lenses. Isooctane is used as an octane booster for gasoline and as primary component of aviation gasoline, (also known as avgas), due to its high antiknock quality. The feedstock considered for isooctane production is composed of 2-methylpropene and isopentane, which are produced in refineries through steam cracking of light gas oil. MTBE is produced by utilizing feedstock such as 2-Methylpropene and methanol in the ratio of 1.2:1 respectively. Demand for MTBE is stagnant due to implementation of stringent government regulations, groundwater contamination, health hazards, and environmental pollution. Other products manufactured from 2-methylpropene comprise ethyl tert-butyl ether (ETBE) and plastics.
Consumption of gasoline & lubricant additives and rubber products has been increasing due to growth in the global automotive industry. Rise in demand for 2-methylpropene in aviation and automobile industries across the globe is anticipated to drive the 2-methylpropene market during the forecast period. Expansion of existing production facilities coupled with bio-based production of 2-methylpropene has been driving the demand for 2-methylpropene-based products and applications across the globe.
2-Methylpropene Market: Segmentation
The global 2-methylpropene market has been segmented into three categories: product, application, and region. In terms of product, the 2-methylpropene market has been classified into the butyl rubber, polyisobutylene, MMA monomer, Isooctane, MTBE, and others. In terms of application, the 2-methylpropene market has been classified into rubber manufacturing, pharmaceuticals, fuel & lubricants, adhesives & sealants, antioxidants, agrochemicals, and others.
In terms of region, the 2-methylpropene market has been segmented into North America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan, Middle East & Africa, and Latin America. North America dominates the market in terms of installed production capacities of 2-methylpropene, however, in terms of demand, the share of North America is declining due to the bans imposed on the usage of MTBE in the region. High demand for MTBE in Asia Pacific (excluding Japan) has resulted in expansion of existing 2-methylpropene production facilities in China. Demand for 2-methylpropene in Asia Pacific is rising at a higher rate than that in other regions.
2-Methylpropene Market: Companies Mentioned in the Report
Major players operating in the 2-methylpropene market include BASF SE, Evonik Industries AG, LyondellBasel Industries NV, TPC Group, Chevron Phillips Chemical Company, and others. The global 2-methylpropene market has been segmented as follows:
2-Methylpropene Market: By Product
2-Methylpropene Market: By Application
Fuel & Lubricants
Adhesives & Sealants
Others(Plastic Explosives, Neopentaoic Acid, and Methallyl Chloride)
2-Methylpropene Market: By Region
Rest of Western Europe
Rest of Eastern Europe
Asia Pacific (Excluding Japan)
Rest of Asia Pacific (Excluding Japan)
Middle East & Africa
Rest of Middle East and Africa
Rest of Latin America
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