Isoamylene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Isoamylene Market: Introduction
Isoamylene, also known as 2-methyl-2-butene, is a colorless and flammable liquid that falls under the class of unsaturated hydrocarbons. It is used in the production of chemicals and chemicals intermediates and serves a wide range of applications that include flavors and fragrance, pesticides, UV stabilizers, hot melt adhesives, pharmaceutical, and many more. It has very low density and insoluble in water. Commercially, it is prepared by treating isoprene and C5 fractionate which is found via naphtha cracking of crude oil. It has wide range of applications in the fragrance industry, as it is prominently used in the synthesis of fragrance chemicals. Besides, it also finds vast application in formulations in peroxides and polymer antioxidants. Pure isoamylene (99%) is used in the production of agricultural products and resins. Due to the growing demand from end-use industries, the market for isoamylene is expected to grow at a fast pace over the forecast period. The isoamylene market is likely to boost with a higher single-digit CAGR over the forecast period of 2020-2030.
Isoamylene Market: Dynamics
Global isoamylene market is growing rapidly due to the huge demand for polymer antioxidants and flavor & fragrance across the globe. Flavor & fragrance holds one-third of global isoamylene consumption and is widely used in the production of fragrance chemicals. Collaboration between the prominent market players and the research centers and universities to develop advance products based on isoamylene has also led to the market’s growth. Also, manufacturers are focusing on the expansion of isoamylene production to maintain a horizontal supply-demand gap. Moreover, niche applications such as pharmaceutical and UV stabilizers are anticipated to be the key factor for the growth of isoamylene consumption over the coming years. However, isoamylene being highly volatile and flammable, the manufacturers face difficulties in storage and handling, which adds up to overall cost of the product. This fact along with tight supply of isoamylene tend to hamper the market growth over the long term forecast.
Isoamylene Market: Segmentation
Based on the application, the global isoamylene Market is segmented as:
Isoamylene Market: Regional Outlook
Global isoamylene market is divided into six regions including North America, Latin America, Europe, South Asia & Oceania, East Asia, and MEA. Among the regions mentioned above, East Asia accounts for around one-third of the global isoamylene market owing to presence of key manufacturers and escalating industrialization in the region. In addition, steadily rising agriculture and pharmaceutical industries also tend to provide an upswing to the regional isoamylene market. On the other hand, Europe has witnessed significant growth over the forecast period due to vast flavor & fragrance industry and enormous growth in downstream industries in the region. Latin America is expected to have a swift growth in global isoamylene market due to increase in demand for specialty chemicals, growing automotive industry in Mexico and establishment of manufacturing units in the region. Moreover, North America is expected to witness moderate growth over the forecast period and showcase a similar trend as of Europe. South Asia & Oceania region is anticipated to grow at a fast pace as the manufacturers are shifting towards low cost manufacturing countries. India and Indonesia would be the two lucrative countries within isoamylene market. Middle East & Africa is expected to have a single-digit growth in the global isoamylene market.
Isoamylene Market: Market stakeholders
Key market stakeholders in the global Isoamylene market are Jinhai Chengguang, Zibo Liantan Chemical, Biesterfeld AG, Sunny Industrial System GmbH, Shanghai Petrochemical Company, INEOS Oligomers, Shandong Yuhuang Chemical, Chevron Phillips Chemical. The isoamylene market consists of well-diversified global and regional players with the global vendors ruling the market.
The research report presents a comprehensive assessment of the isoamylene market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The isoamylene market report provides analysis and information, according to market segments such as geographies and application.
Isoamylene Market Report Covers Exhaustive Analysis On:
Isoamylene report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. Isoamylene report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. Isoamylene report also maps the qualitative impact of various market factors on market segments and geographies.
Isoamylene Market Report Highlights:
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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