Isobutene Market to grow at a CAGR of 3.52% by 2025| Growing Demand for Rubber from Automotive Industry to Boost Growth |17000+ Technavio Reports

NEW YORK, Oct. 19, 2021 -- The isobutene market is expected to grow by USD 5.87 billion from 2021 to 2025, progressing at a CAGR of 3.52% according to the latest market report by Technavio.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, Chevron Phillips Chemical Co. LLC, Dayaram Chemicals Pvt. Ltd., Evonik Industries AG, LANXESS AG, Linde Plc, LyondellBasell Industries NV, Sumitomo Chemical Co. Ltd., and TPC Group are some of the major market participants. The growing demand for rubber from the automotive industry, demand in the manufacturing of fine chemicals, adhesives & antioxidants, and the rising demand for gasoline additives will offer immense growth opportunities. However, hazardous effects of isobutene derivatives might hamper the market growth. 

Isobutene Market 2021-2025: Segmentation

• Product
• Methyl Tert-butyl Ether (MTBE)
• Ethyl Tert-butyl Ether (ETBE)
• Application
• Automotive
• Aerospace
• Pharmaceuticals
• Antioxidants
• Others
• Geography
• North America
• APAC
• Europe
• South America
• MEA

Isobutene Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our isobutene market report covers the following areas:

• Isobutene Market size
• Isobutene Market trends
• Isobutene Market industry analysis

Isobutene Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Isobutene Market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Isobutene Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist isobutene market growth during the next five years
• Estimation of the isobutene market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the isobutene market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of isobutene market vendors

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SOURCE Technavio