The global isobutanol market size is estimated to reach USD 2.16 billion by 2030, expanding at a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing isobutanol demand across various end-use industries such as oil & gas and chemical intermediates is expected to drive its demand over the forecast period. Emergence of isobutanol as a platform chemical for producing isobutyl esters has also helped in market penetration. Intrinsic properties associated with isobutanol such as medium volatility and limited miscibility is expected to positively impact market growth.
Synthetic isobutanol was the largest product segment and accounted for 58.1% of total market volume in 2014. Bio-based Isobutanol is expected to witness the highest growth of 7.0% from 2015 to 2022. Growing environmental and toxicity concerns coupled with high rate of commercialization of bio-based isobutanol at cheaper prices may be attributed towards product demand. Bio-based isobutanol is extensively being used in renewable jet fuels that provide low carbon footprints and cleaner burning.
Request a free sample copy or view report summary: Isobutanol Market Report
The global isobutanol market size was valued at USD 1.28 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030.
The chemical intermediate segment dominated the market with a revenue share of 44.4% in 2023.The segment is expected to gain share over next seven years on account of rapid expansion of petrochemical industry particularly in Middle East and Asia Pacific.
The oil & gas segment is expected to register the fastest CAGR of 8.2% during the forecast period. Growing gasoline additives owing growing demand for high performance/clean fuel is expected to drive this segment over the forecast period.
Asia Pacific isobutanol market dominated the global isobutanol market with a market share of 39.2% in 2023. High rate of utilization across various end-use industries in India, China, Vietnam and Indonesia is expected to drive the regional market. Rapid expansion of integrated refineries in the region is also expected to have a positive impact on the market growth.
North America isobutanol market is expected to grow significantly over the forecast period. North America has taken a leading role in isobutanol production, driven by technological advancements.
Key players having majority stake in the industry include Tokyo Chemical Industry Co., Ltd., Mitsubishi Chemical Group Corporation, Nexchem Ltd, Toray, KH Neochem Co., Ltd., BASF, Oxea GmbH, Mitsubishi Chemical Corporation, Perstorp Holding AB and Sasol Ltd.
Grand View Research has segmented the global isobutanol market based on product, application, and region:
Isobutanol Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Synthetic
Biobased
Isobutanol Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Oil & Gas
Solvents & Coatings
Chemical Intermediate
Others
Isobutanol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Asia Pacific
China
India
Japan
List of Key Players in the Isobutanol Market
Tokyo Chemical Industry Co., Ltd.
Mitsubishi Chemical Group Corporation.
Nexchem Ltd
KH Neochem Co., Ltd.
BASF
ChemBK.com
Advanced Biotech
Exxon Mobil Corporation
SANKYO CHEMICAL CO., LTD.
KANTO KAGAKU
"The quality of research they have done for us has been excellent..."