U.S. Isobutene Market
The U.S. isobutene market is expected to showcase steady growth in the coming years. This can be attributed to the increasing demand for isobutene in various end-use industries such as chemicals, petrochemicals, and polymers. The growing popularity of butyl rubber, which is a key derivative of isobutene, is also expected to drive market growth.
Largest Region
North America
43% Market Share in 2023
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Two growth drivers for the U.S. isobutene market include the rising demand for isobutene in the production of fuel additives and lubricants due to its excellent properties, as well as the increasing usage of isobutene in the manufacturing of antioxidants and other specialty chemicals.
Report Coverage & Deliverables
Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Segment Analysis:
The U.S. isobutene market can be segmented based on application, end-use industry, and product type. The application segment includes fuel additives, lubricants, antioxidants, and others. The end-use industry segment consists of chemicals, petrochemicals, polymers, and others. The product type segment encompasses pure isobutene and mixed butenes.
Competitive Landscape:
Key players operating in the U.S. isobutene market include Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., TPC Group, Chevron Phillips Chemical Company LLC, and Evonik Industries AG. These companies are focusing on strategic collaborations, product innovations, and expansion of production capacities to gain a competitive edge in the market.
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