Isobutanol market size is set to grow by USD 353.24 million from 2022 to 2027. Increasing demand for coatings in the automotive sector expected to drive market growth - Technavio

NEW YORK, June 5, 2023 /PRNewswire/ -- The isobutanol market size is estimated to increase by USD 353.24 million from 2022 to 2027 with a CAGR of 5.01%, according to the recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report - Request a sample report

The isobutanol market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed below -

BASF SE, Bharat Petroleum Corp. Ltd, BP Plc, DhanLaxmi Organics and Chemicals, Dow Inc., Eastman Chemical Co., Formosa Plastics Group, Gevo Inc., Grupa Azoty SA, Hi-Tech Chemicals, INEOS Group Holdings SA, Merck KGaA, Mitsubishi Chemical Corp., Niksan Pharmaceutical, OQ SAOC

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Isobutanol market - Segmentation assessment
Segment overview - The market is segmented by product (bio-based isobutanol and synthetic isobutanol), application (solvent, intermediate for glycol ethers and esters, textile, and de-icing fluids and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). 

The bio-based isobutanol segment will witness significant market share growth during the forecast period. Bio-based isobutanol is gaining popularity due to its eco-friendly properties and a wide range of applications. The growth in use of bio-based isobutanol in various industries, including automotive, aerospace, and construction, is driven by the increasing demand for renewable chemicals and biofuels. Governments across the world have introduced policies and initiatives to encourage the use of bio-based isobutanol with the aim to reduce carbon emissions and promote sustainable development. The bio-based isobutanol segment was valued at USD 616.84 million in 2017 and continued to grow until 2021. Market playing are funding the development and production of bio-based isobutanol. For instance, Gevo produces bio-based isobutanol for use in specialty chemicals and renewable gasoline blendstocks. Some of the other key players in the bio-based isobutanol segment include Green Biologics, Butamax Advanced Biofuels (Butamax), and Global Bioenergies (Global Bioenergies). 

APAC is estimated to contribute 31% to the growth of the isobutanol market during the forecast period. The market in APAC is expected to expand at a significant rate, mainly driven by countries such as China, Japan, India, Vietnam, South Korea, Malaysia, and Australia. These countries are major chemical markets in APAC due to rapid industrialization and high demand for chemical intermediates. China and India have become preferred hubs for manufacturers, especially automakers. These countries receive huge foreign direct investment, which will have a positive impact on their economic growth during the forecast period. The growth trends from other end-user industries, such as manufacturing are expected to fuel the demand for isobutanol and, in turn, boost the growth of the market during the forecast period.

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Isobutanol market – Market dynamics

Key driver – The increasing demand for coatings in the automotive sector is notably driving the isobutanol market growth. The automotive sector is significantly driving the demand for coatings such as surface coatings and engine coatings. Factors such as the expansion of the automotive and transportation sectors as well as the increase in the number of automotive suppliers will have a positive impact on the market. Coatings find wide application in the automotive and transportation sectors to improve performance. They also protect the vehicle's interior and exterior surfaces from scratches and chips. Hence, the increasing use of coatings in the automotive sector is expected to impact the market growth positively during the forecast period.  Some automakers are seeking to expand their presence. Besides, government intent to encourage electric vehicle (EV) adoption, among other factors, are influencing EV sales. These initiatives are expected to boost the demand for coating solutions in the automotive sector and, in turn, drive the market growth during the forecast period.

Key trend – The rising rate of industrialization in emerging economies is a key trend influencing the isobutanol market. Population growth in economies such as India, Brazil, and China, along with people's rising disposable income, have forced large manufacturers to locate manufacturing facilities in these countries. The demand for isobutanol (CH3)2CHCH2OH, also known as 2-methylpropan-1-ol, is expected to increase during the forecast period, especially in emerging markets. This can be attributed to the increasing manufacturing activity and the growing number of automakers outsourcing to low-wage countries to cut capital expenditures. Besides, the increase in consumer goods and chemical companies in India and China is another factor expected to significantly boost the demand for isobutanol (CH3)2CHCH2OH in these industries during the forecast period. Hence, rapid industrialization in emerging markets is likely to drive the growth of the market during the forecast period. 

Key challenge – Harmful effects on the environment and impact on human health are challenging the isobutanol market growth. Strict US Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regulations on volatile organic compound (VOC) content in specialty chemicals, including specialty paints and coatings, adhesives, and sealants, are posing a key challenge to the growth of the market. The Massachusetts Department of Environmental Protection (MassDEP) has issued strict VOC guidelines for adhesives and sealants. The US regulation has provided VOC limits for adhesives containing specialty chemicals for industrial and commercial use. California has set VOC limits for various products, adhesives, and sealants. Furthermore, the state has established 13 Air Pollution Control Districts (APCDs) or Air Quality Control Districts (AQMDs) with VOC limits for adhesives and sealants. Global chemical suppliers are mandated to adhere to these standards to meet VOC requirements. Hence, strict regulations and guidelines on the use of adhesives are expected to hamper the market growth during the forecast period.

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What are the key data covered in this isobutanol market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the isobutanol market between 2023 and 2027
• Precise estimation of the size of the isobutanol market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the isobutanol market across APAC, Europe, North America, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of isobutanol market vendors

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Table of contents –

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global isobutanol market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global isobutanol market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Bio-based isobutanol - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Bio-based isobutanol - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Bio-based isobutanol - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Bio-based isobutanol - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Bio-based isobutanol - Year-over-year growth 2022-2027 (%)

• 6.4 Synthetic isobutanol - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Synthetic isobutanol - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Synthetic isobutanol - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Synthetic isobutanol - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Synthetic isobutanol - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)
• Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Solvent - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Solvent - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Solvent - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Solvent - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Solvent - Year-over-year growth 2022-2027 (%)

• 7.4 Intermediate for glycol ethers and esters - Market size and forecast 2022-2027
• Exhibit 52: Chart on Intermediate for glycol ethers and esters - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Intermediate for glycol ethers and esters - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Intermediate for glycol ethers and esters - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Intermediate for glycol ethers and esters - Year-over-year growth 2022-2027 (%)

• 7.5 Textile - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Textile - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Textile - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Textile - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Textile - Year-over-year growth 2022-2027 (%)

• 7.6 De-icing fluids and Others - Market size and forecast 2022-2027 
• Exhibit 60: Chart on De-icing fluids and Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on De-icing fluids and Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on De-icing fluids and Others - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on De-icing fluids and Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 64: Market opportunity by Application ($ million)
• Exhibit 65: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 BASF SE
• Exhibit 119: BASF SE - Overview
• Exhibit 120: BASF SE - Business segments
• Exhibit 121: BASF SE - Key news
• Exhibit 122: BASF SE - Key offerings
• Exhibit 123: BASF SE - Segment focus

• 12.4 Bharat Petroleum Corp. Ltd.
• Exhibit 124: Bharat Petroleum Corp. Ltd. - Overview
• Exhibit 125: Bharat Petroleum Corp. Ltd. - Product / Service
• Exhibit 126: Bharat Petroleum Corp. Ltd. - Key offerings

• 12.5 BP Plc
• Exhibit 127: BP Plc - Overview
• Exhibit 128: BP Plc - Business segments
• Exhibit 129: BP Plc - Key news
• Exhibit 130: BP Plc - Key offerings
• Exhibit 131: BP Plc - Segment focus

• 12.6 Dow Inc.
• Exhibit 132: Dow Inc. - Overview
• Exhibit 133: Dow Inc. - Business segments
• Exhibit 134: Dow Inc. - Key news
• Exhibit 135: Dow Inc. - Key offerings
• Exhibit 136: Dow Inc. - Segment focus

• 12.7 Eastman Chemical Co.
• Exhibit 137: Eastman Chemical Co. - Overview
• Exhibit 138: Eastman Chemical Co. - Business segments
• Exhibit 139: Eastman Chemical Co. - Key offerings
• Exhibit 140: Eastman Chemical Co. - Segment focus

• 12.8 Formosa Plastics Group 
• Exhibit 141: Formosa Plastics Group - Overview
• Exhibit 142: Formosa Plastics Group - Product / Service
• Exhibit 143: Formosa Plastics Group - Key offerings

• 12.9 Gevo Inc.
• Exhibit 144: Gevo Inc. - Overview
• Exhibit 145: Gevo Inc. - Business segments
• Exhibit 146: Gevo Inc. - Key offerings
• Exhibit 147: Gevo Inc. - Segment focus

• 12.10 Grupa Azoty SA
• Exhibit 148: Grupa Azoty SA - Overview
• Exhibit 149: Grupa Azoty SA - Product / Service
• Exhibit 150: Grupa Azoty SA - Key offerings

• 12.11 INEOS Group Holdings SA 
• Exhibit 151: INEOS Group Holdings SA - Overview
• Exhibit 152: INEOS Group Holdings SA - Business segments
• Exhibit 153: INEOS Group Holdings SA - Key news
• Exhibit 154: INEOS Group Holdings SA - Key offerings
• Exhibit 155: INEOS Group Holdings SA - Segment focus

• 12.12 Merck KGaA
• Exhibit 156: Merck KGaA - Overview
• Exhibit 157: Merck KGaA - Business segments
• Exhibit 158: Merck KGaA - Key news
• Exhibit 159: Merck KGaA - Key offerings
• Exhibit 160: Merck KGaA - Segment focus

• 12.13 Mitsubishi Chemical Corp. 
• Exhibit 161: Mitsubishi Chemical Corp. - Overview
• Exhibit 162: Mitsubishi Chemical Corp. - Business segments
• Exhibit 163: Mitsubishi Chemical Corp. - Key news
• Exhibit 164: Mitsubishi Chemical Corp. - Key offerings
• Exhibit 165: Mitsubishi Chemical Corp. - Segment focus

• 12.14 OQ SAOC
• Exhibit 166: OQ SAOC - Overview
• Exhibit 167: OQ SAOC - Product / Service
• Exhibit 168: OQ SAOC - Key offerings

• 12.15 PETRONAS Chemicals Group Berhad 
• Exhibit 169: PETRONAS Chemicals Group Berhad - Overview
• Exhibit 170: PETRONAS Chemicals Group Berhad - Business segments
• Exhibit 171: PETRONAS Chemicals Group Berhad - Key news
• Exhibit 172: PETRONAS Chemicals Group Berhad - Key offerings
• Exhibit 173: PETRONAS Chemicals Group Berhad - Segment focus

• 12.16 PJSC SIBUR Holding
• Exhibit 174: PJSC SIBUR Holding - Overview
• Exhibit 175: PJSC SIBUR Holding - Product / Service
• Exhibit 176: PJSC SIBUR Holding - Key offerings

• 12.17 Sasol Ltd.
• Exhibit 177: Sasol Ltd. - Overview
• Exhibit 178: Sasol Ltd. - Business segments
• Exhibit 179: Sasol Ltd. - Key news
• Exhibit 180: Sasol Ltd. - Key offerings
• Exhibit 181: Sasol Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 182: Inclusions checklist
• Exhibit 183: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 184: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 185: Research methodology
• Exhibit 186: Validation techniques employed for market sizing
• Exhibit 187: Information sources

• 13.5 List of abbreviations 
• Exhibit 188: List of abbreviations

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