According to a new report, published by KBV research, The Global Isobutene Market size is expected to reach $35.4 billion by 2030, rising at a market growth of 4.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 18,952.7 Kilo Tonnes, experiencing a growth of 2.4% (2019-2022).
The Methyl tert-butyl ether (MTBE) segment is leading the Global Isobutene Market, By Product in 2022 thereby achieving a market value of $26.4 Billion by 2030. MTBE has been used as an oxygenate additive in gasoline to improve combustion efficiency. Adding gasoline enhances octane ratings, reduces engine knock, and lowers carbon monoxide and hydrocarbon emissions. Adding MTBE to gasoline can help reduce air pollution by promoting complete combustion and lowering emissions of toxic pollutants, such as carbon monoxide and volatile organic compounds (VOCs). MTBE is a high-octane compound, making it a valuable component for improving the octane rating of gasoline, which can enhance engine performance and efficiency.
The Aerospace market would display a CAGR of 4.2% during (2023 - 2030). Alkylation of isobutene is widely utilized as a fuel additive in aviation fuel. Particularly, the civil aviation industry is experiencing significant growth due to factors such as the liberalization of trade activities, the decline in airfare, the opening of economies to foreign direct investment, and the development of information technology. Aircraft engine manufacturers recommend specific oil varieties for various application areas, including engine usage, engine design, climate, and location. Recent decades have witnessed the aviation industry's expansion due to the increasing significance of regional connectivity and accelerated urbanization.
The North America region dominated the Global Isobutene Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14.1 Billion by 2030. The Europe market is anticipated to grow at a CAGR of 4.2% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 5.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/isobutene-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
