Global High Purity Isobutylene Market Size and Share 2023 Industry Analysis by Future and Growth Forecast to 2029

Market Overview:
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%.

High Purity Isobutylene (HPIB) is an olefinic hydrocarbon derived from the dehydration of tert-butanol. HPIB or isobutylene is used in the production and manufacturing of various synthetic chemical products. It is also used in the manufacture of alkylated phenols, which are used as antioxidants, as well as high-reactivity polyisobutylene, butyl rubber, and TBAC solvents. Excellent chemical and mechanical properties, as well as increased applications in the automotive industry, are driving forces in the global high-purity isobutylene market. The toxic effects of derivatives may stymie market growth.

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Market Dynamics:
Driver:
High-purity isobutylene (HPIB) is widely used in the production of various rubbers such as butyl rubber, polyisobutylene, and others. Butyl rubber is used in adhesives, consumer goods, and pharmaceuticals. Aside from that, the product is widely used in the manufacture of tiress. The increasing use of the product for roof repair appears to have fueled the growth of the butyl rubber industry. Sporting equipment, automotive and mechanical goods, vibration isolation, and pharmaceutical closure are some of the other product applications.

Opportunities:
Increased use of HPIB in fuel and lubricant additives may aid in the growth of the High Purity Isobutylene market. Because high-purity isobutylene vapors are heavier than air, a flame can easily flash back to the source of the leak. The leak could be either liquid or vapor. The displacement of air can cause asphyxiation. As a result, HPIB is used in the manufacture of isooctane, high-octane aviation gasoline. When high-purity isobutylene is added to gasoline, it improves octane performance. Furthermore, governments in developing countries are making significant investments to modernize their respective chemical industries. This is expected to expand the market for High Purity Isobutylene.

The Report Will Contains A Crucial Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

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Market Segmentation
By Type
• MTBE Decomposition Method
• C4 Fraction Separation Method
• Isobutane Dehydrogenation Method
• Others

By Application
• Butyl Rubber
• Polyisobutylene
• Others

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Key Players For High Purity Isobutylene Market:
• 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.

Impact of COVID-19 on High Purity Isobutylene Market
Amidst the pandemic, the high purity isobutylene market is expected to suffer a loss of USD 1.4 billion by the end of 2020. Fragility in access to high purity isobutylene along with limited supply to the end-user industry during the lockdown has taken a drastic toll on the market revenue decreasing the market share. During the nationwide lockdown, the industries suffered a tremendous loss while trying to get back on feet with the chunk of new normal. High Purity Isobutylene market for HPIB is among those few industries that suffered an economic decrease during the quarantine period but with the relaxation in lockdown restrictions, High Purity Isobutylene market is expected to gain its momentum in the forecast period.

An in-depth analysis of demand forecasts, market tendencies, and key micro and macro variables is included in the research. The factors that are driving and inhibiting the growth of the High Purity Isobutylene market are also revealed in the report. Using analytical tools like Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the High Purity Isobutylene market, the study provides insights into the industry. Further, it examines current market trends and gives predictions from 2023-2029. We have also highlighted upcoming market trends that will have an impact on demand within the anticipated time frame. In addition, the competition analysis included in each regional market sheds light on the market share of the major players. Experts in the industry-validated the accuracy of the information we gathered from High Purity Isobutylene manufacturers, suppliers, consumers, trade groups, government agencies, trade journals, external databases, and our internal databases.

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