Apr 08, 2020 Xherald -- This report on the global Isobutene Market Research Report 2020 is detailed research that helps answer business questions related to competitive intelligence, market analysis, and market trends. It also highlights each of the prominent factors responsible for the growth of the market are; demographics, increasing purchasing power, increasing demand, regulatory policies, product standards, and manufacturing standards.
According to this study, over the next five years the Isobutene market will register a 1.1% CAGR in terms of revenue, the global market size will reach $ 2175.7 million by 2025, from $ 2079.2 million in 2019.
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LyondellBasell Industries NV /zigman2/quotes/200036808/composite LYB +2.70% , Qifa Chemical, TPC Group, Nizhnekamskneftekhim, Enterprise Products Partners L.P. /zigman2/quotes/205356165/composite EPD +2.70% , Exxon Mobil Corporation /zigman2/quotes/204455864/composite XOM +8.11% , Sumitomo Chemical Co Ltd (tyo:4005), Evonik, Yuhuang Chemical, Yuhua Group, Songwon, Weifang Binhai, Sinopec Beijing Yanshan, Qixiang, request free sample for complete list of companies.
The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among the players will help the industry aspirants in planning their strategies.
Isobutylene (or 2-methylpropene) is a hydrocarbon of industrial significance. It is a four-carbon branched alkene (olefin), one of the four isomers of butylene. At standard temperature and pressure it is a colorless flammable gas.
The classification of Isobutene includes MTBE Cracking, Tert-butanol (TBA), and the proportion of MTBE Cracking in 2016 is about 77.4%, However, growing concerns regarding groundwater contamination caused due to leakage of MTBE coupled with increasing popularity of ethanol as a gasoline blending agent is expected to segment impact growth negatively.
The United States Market is very concerted market. the revenue of top four players accounts about 94% of the total revenue in 2016. The leading players mainly are TPC Group, Exxon Mobil, Lyondell Basell and Enterprise Products Partners. TPC Group is the largest player; its revenue of United States market exceeds 30.9% in 2016. The next is Exxon Mobil and Lyondell Basell.
April 1, 2020 - Sumitomo Chemical Completes Acquisition of Four South American Subsidiaries of Nufarm - Sumitomo Chemical Company, Limited ("Sumitomo Chemical") has successfully completed, on April 1, 2020, the acquisition of four South American subsidiaries in Brazil, Argentina, Chile, and Colombia, owned by group companies of Nufarm Limited ("Nufarm"), a leading Australian agricultural chemical company, through Sumitomo Chemical's wholly-owned subsidiaries in the region (Sumitomo Chemical Brazil for the Brazilian subsidiary and Sumitomo Chemical Chile for the others).
HOUSTON- Jan. 13, 2020- Enterprise Begins Service At Isobutane Dehydrogenation Plant
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Market Segmentation by types, Applications and regions:
Market Segment by Type covers:
Market Segmented by Applications: