The North America Isobutene Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,033.8 Kilo Tonnes, showcasing a growth of 2.0% (2019-2022).
The isobutene market refers to the market for the chemical compound isobutene, also known as isobutylene. Isobutene is a hydrocarbon with the molecular formula C4H8. It is an important industrial chemical used in various applications, primarily in producing petrochemicals and fuels. Isobutene is primarily produced as a byproduct of the steam-cracking process in the petrochemical industry. It is also obtained through the dehydrogenation of isobutane. Isobutene can also be produced from biomass through various techniques, which is gaining attention due to the increasing interest in sustainable and renewable sources of chemicals.
Isobutene is used to produce various haloalkanes, which have applications in chemical synthesis and organic chemistry reactions. Isobutene-based plasticizers are used to increase the flexibility and durability of plastics in applications such as wire and cable insulation and automotive interiors. Isobutene-derived products can be used in the production of oilfield chemicals, including demulsifiers and corrosion inhibitors used in the oil and gas industry. The overall demand for petrochemical products and synthetic rubber influences the isobutene market. In particular, the automotive industry's growth drives demand for butyl rubber. There is a growing interest in producing isobutene from renewable sources, such as biomass, as a more sustainable alternative to traditional petrochemical-based isobutene. Environmental regulations and sustainability goals are impacting the isobutene market as there is a push for more eco-friendly production methods and applications.
According to Select USA, the United States exported 1.4 million new light vehicles and 108,754 medium and heavy trucks (with a combined value of over $52 billion) to more than 200 nations worldwide in 2020, in addition to $66.7 billion worth of automotive parts. Overall, the United States is the world's second-largest vehicle sales and production industry. With the rising demand from the US automotive industry, isobutene producers and related industries may invest in expanding production capacity and technological advancements, ensuring a stable and reliable supply of isobutene-derived products. As the automotive sector continues to evolve, isobutene will remain crucial in meeting the industry's needs for high-performance tires and fuel additives.
According to the International Trade Administration, Canada exported an estimated 56.6% of goods from the aircraft, engine, and parts manufacturing industry to the US in 2021. The aerospace industry relies on advanced materials and composites for aircraft construction. Isobutene-based elastomers and polymers, like isobutylene-isoprene rubber (IIR), are used in seals, gaskets, and insulation, essential aircraft components. As a result, the growing aerospace industry in Canada expands the demand for isobutene-based products. The aspects mentioned above will boost market growth in this region.
The US market dominated the North America Isobutene Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,087.5 Million by 2030. The Canada market is exhibiting a CAGR of 6.3% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 5.4% during (2023 - 2030).
Based on Product, the market is segmented into Methyl tert-butyl ether (MTBE), and Ethyl tert-butyl ether (ETBE). Based on Application, the market is segmented into Automotive, Aerospace, Pharmaceuticals, Antioxidants, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Isobutene Market is Predict to reach $35.4 Billion by 2030, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Evonik Industries AG (RAG-Stiftung), Exxon Mobil Corporation, Sumitomo Chemical Co., Ltd., Global Bioenergies, Weifang Binhai Petro-Chem Co., Ltd (Tiande Chemical Holdings Co., LTD), Honeywell International, Inc., LyondellBasell Industries Holdings B.V., Linde PLC, and China Petrochemical Corporation (Sinopec Group).
Scope of the Study
Market Segments Covered in the Report:
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Methyl tert-butyl ether (MTBE)
- Ethyl tert-butyl ether (ETBE)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Automotive
- Aerospace
- Pharmaceuticals
- Antioxidants
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Evonik Industries AG (RAG-Stiftung)
- Exxon Mobil Corporation
- Sumitomo Chemical Co., Ltd.
- Global Bioenergies
- Weifang Binhai Petro-Chem Co., Ltd (Tiande Chemical Holdings Co., LTD)
- Honeywell International, Inc.
- LyondellBasell Industries Holdings B.V.
- Linde PLC
- China Petrochemical Corporation (Sinopec Group)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Isobutene Market, by Product
1.4.2 North America Isobutene Market, by Application
1.4.3 North America Isobutene Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Isobutene Market
Chapter 5. North America Isobutene Market, By Product
5.1 North America Methyl tert-butyl ether (MTBE) Market, By Country
5.2 North America Ethyl tert-butyl ether (ETBE) Market, By Country
Chapter 6. North America Isobutene Market, By Application
6.1 North America Automotive Market, By Country
6.2 North America Aerospace Market, By Country
6.3 North America Pharmaceuticals Market, By Country
6.4 North America Antioxidants Market, By Country
6.5 North America Others Market, By Country
Chapter 7. North America Isobutene Market, By Country
7.1 US Isobutene Market
7.1.1 US Isobutene Market, By Product
7.1.2 US Isobutene Market, By Application
7.2 Canada Isobutene Market
7.2.1 Canada Isobutene Market, By Product
7.2.2 Canada Isobutene Market, By Application
7.3 Mexico Isobutene Market
7.3.1 Mexico Isobutene Market, By Product
7.3.2 Mexico Isobutene Market, By Application
7.4 Rest of North America Isobutene Market
7.4.1 Rest of North America Isobutene Market, By Product
7.4.2 Rest of North America Isobutene Market, By Application
Chapter 8. Company Profiles
8.1 BASF SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Evonik Industries AG (RAG-Stiftung)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Exxon Mobil Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Sumitomo Chemical Co., Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Global Bioenergies
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.5.2.2 Product Launches and Product Expansions:
8.5.3 SWOT Analysis
8.6 Weifang Binhai Petro-Chem Co., Ltd (Tiande Chemical Holdings Co., LTD)
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 LyondellBasell Industries Holdings B.V.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Linde PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. China Petrochemical Corporation (Sinopec Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Research & Development Expenses
8.10.4 SWOT Analysis
TABLE 1 North America Isobutene Market, 2019 - 2022, USD Million
TABLE 2 North America Isobutene Market, 2023 - 2030, USD Million
TABLE 3 North America Isobutene Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Isobutene Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Isobutene Market, By Product, 2019 - 2022, USD Million
TABLE 6 North America Isobutene Market, By Product, 2023 - 2030, USD Million
TABLE 7 North America Isobutene Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Isobutene Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Methyl tert-butyl ether (MTBE) Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Methyl tert-butyl ether (MTBE) Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Methyl tert-butyl ether (MTBE) Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Methyl tert-butyl ether (MTBE) Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Ethyl tert-butyl ether (ETBE) Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Ethyl tert-butyl ether (ETBE) Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Ethyl tert-butyl ether (ETBE) Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Ethyl tert-butyl ether (ETBE) Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Isobutene Market, By Application, 2019 - 2022, USD Million
TABLE 18 North America Isobutene Market, By Application, 2023 - 2030, USD Million
TABLE 19 North America Isobutene Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Isobutene Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Automotive Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Automotive Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Automotive Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Automotive Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Aerospace Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Aerospace Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Aerospace Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Aerospace Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Pharmaceuticals Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Pharmaceuticals Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Pharmaceuticals Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Pharmaceuticals Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Antioxidants Market, By Country, 2019 - 2022, USD Million
TABLE 34 North America Antioxidants Market, By Country, 2023 - 2030, USD Million
TABLE 35 North America Antioxidants Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Antioxidants Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 38 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 39 North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Isobutene Market, By Country, 2019 - 2022, USD Million
TABLE 42 North America Isobutene Market, By Country, 2023 - 2030, USD Million
TABLE 43 North America Isobutene Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Isobutene Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 45 US Isobutene Market, 2019 - 2022, USD Million
TABLE 46 US Isobutene Market, 2023 - 2030, USD Million
TABLE 47 US Isobutene Market, 2019 - 2022, Kilo Tonnes
TABLE 48 US Isobutene Market, 2023 - 2030, Kilo Tonnes
TABLE 49 US Isobutene Market, By Product, 2019 - 2022, USD Million
TABLE 50 US Isobutene Market, By Product, 2023 - 2030, USD Million
TABLE 51 US Isobutene Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 52 US Isobutene Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 53 US Isobutene Market, By Application, 2019 - 2022, USD Million
TABLE 54 US Isobutene Market, By Application, 2023 - 2030, USD Million
TABLE 55 US Isobutene Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 56 US Isobutene Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 57 Canada Isobutene Market, 2019 - 2022, USD Million
TABLE 58 Canada Isobutene Market, 2023 - 2030, USD Million
TABLE 59 Canada Isobutene Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Canada Isobutene Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Canada Isobutene Market, By Product, 2019 - 2022, USD Million
TABLE 62 Canada Isobutene Market, By Product, 2023 - 2030, USD Million
TABLE 63 Canada Isobutene Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 64 Canada Isobutene Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Isobutene Market, By Application, 2019 - 2022, USD Million
TABLE 66 Canada Isobutene Market, By Application, 2023 - 2030, USD Million
TABLE 67 Canada Isobutene Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Isobutene Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 69 Mexico Isobutene Market, 2019 - 2022, USD Million
TABLE 70 Mexico Isobutene Market, 2023 - 2030, USD Million
TABLE 71 Mexico Isobutene Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Mexico Isobutene Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Isobutene Market, By Product, 2019 - 2022, USD Million
TABLE 74 Mexico Isobutene Market, By Product, 2023 - 2030, USD Million
TABLE 75 Mexico Isobutene Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Isobutene Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Isobutene Market, By Application, 2019 - 2022, USD Million
TABLE 78 Mexico Isobutene Market, By Application, 2023 - 2030, USD Million
TABLE 79 Mexico Isobutene Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 80 Mexico Isobutene Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of North America Isobutene Market, 2019 - 2022, USD Million
TABLE 82 Rest of North America Isobutene Market, 2023 - 2030, USD Million
TABLE 83 Rest of North America Isobutene Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of North America Isobutene Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Isobutene Market, By Product, 2019 - 2022, USD Million
TABLE 86 Rest of North America Isobutene Market, By Product, 2023 - 2030, USD Million
TABLE 87 Rest of North America Isobutene Market, By Product, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Isobutene Market, By Product, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Isobutene Market, By Application, 2019 - 2022, USD Million
TABLE 90 Rest of North America Isobutene Market, By Application, 2023 - 2030, USD Million
TABLE 91 Rest of North America Isobutene Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Isobutene Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 93 Key Information – BASF SE
TABLE 94 Key Information – Evonik Industries AG
TABLE 95 Key Information – Exxon Mobil Corporation
TABLE 96 Key Information – Sumitomo Chemical Co., Ltd.
TABLE 97 Key Information – Global Bioenergies
TABLE 98 Key Information – Weifang Binhai Petro-Chem Co., Ltd
TABLE 99 Key Information – Honeywell International, Inc.
TABLE 100 Key Information – LyondellBasell Industries Holdings B.V.
TABLE 101 key Information – Linde PLC
TABLE 102 Key Information – China Petrochemical Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Isobutene Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting isobutene market
FIG 4 Porter’s Five Forces Analysis - Isobutene Market
FIG 5 North America Isobutene Market share, By Product, 2022
FIG 6 North America Isobutene Market share, By Product, 2030
FIG 7 North America Isobutene Market, By Product, 2019 - 2030, USD Million
FIG 8 North America Isobutene Market share, By Application, 2022
FIG 9 North America Isobutene Market share, By Application, 2030
FIG 10 North America Isobutene Market, By Application, 2019 - 2030, USD Million
FIG 11 North America Isobutene Market share, By Country, 2022
FIG 12 North America Isobutene Market share, By Country, 2030
FIG 13 North America Isobutene Market, By Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: BASF SE
FIG 15 Swot Analysis: Evonik Industries AG
FIG 16 SWOT Analysis: Exxon Mobil Corporation
FIG 17 Recent strategies and developments: Sumitomo Chemical Co., Ltd.
FIG 18 Swot Analysis: Sumitomo Chemical Co., Ltd.
FIG 19 Recent strategies and developments: Global Bioenergies
FIG 20 SWOT Analysis: Global Bioenergies
FIG 21 Swot Analysis: Weifang Binhai Petro-Chem Co., Ltd
FIG 22 SWOT Analysis: Honeywell international, inc.
FIG 23 SWOT Analysis: LyondellBasell Industries Holdings B.V.
FIG 24 SWOT Analysis: Linde plc
FIG 25 Swot Analysis: China Petrochemical Corporation