H1 2023: In H1 2023, Lyondell Basell had the largest production capacity of Isobutylene in Europe. In Europe, Isubutylene prices kept fluctuating in the first half of 2023. After the New Year holidays, prices for isobutylene in the European market kept rising till March 2023. The ascent in the pricing was ascribed to the improved demand from the downstream Polyisobutylene businesses. The prices of feedstock Tertiary butyl alcohol, however, had fluctuated during this period. The market behavior turned to a pessimistic side from the beginning of April 2023 in the region of Europe. In the European region, the prices of isobutylene declined continuously till June 2023. In April 2023, the price trend remained stable, and prices decreased somewhat due to steady supply and declining demand for polyisobutylene from end-user industries. Prices dropped towards the middle of April 2023 as a result of weak demand from the MTBE industry and other chemicals producers as a result of low consumption by the customers. Meanwhile, the production costs were decreased as a result of the decline in upstream Butadiene prices brought on by a decline in upstream Crude Oil prices. In June 2023, the price decline became more pronounced due to smooth supply availability and decreased buyer activity in Europe.
The Europe Isobutylene market has reached approximately 510 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.13% during the forecast period until 2032.
Isobutylene is used to produce various other chemicals like Methyl tert-butyl Ether (MTBE) Butylated Hydroxyanisole (BHA), Ethyl Tertiary Butyl Ether (ETBE), and Butylated hydroxytoluene (BHT). Food packaging, animal feed, cosmetics, rubber, and petroleum industries all employ butylated hydroxyanisole (BHA) as a preservative. Due to its distinctive characteristics of having a high octane rating, a low boiling point, and a low vapour pressure, ETBE is a very adaptable petrol blending ingredient that enables refiners to meet both their octane and bio-component integration needs. Antioxidant butylated hydroxytoluene (BHT) (128-37-0) is a preservative found in food, animal feed, vegetable and animal-based oils, petroleum-based goods, plastic, and rubbers. BHT is also utilised as an antioxidant in a variety of cosmetic compositions.
The primary driver of the Europe Isobutylene market is the synthesis of MTBE. In 2022, approximately 42% of Europe Isobutylene was utilized by the PolyIsobutylene Industry. MTBE, or methyl tertiary-butyl ether, is adopted widely as a fuel additive in gasoline engines because of its property of high oxygen content, coupled with greater adoption by refining companies due to its blending characteristics and economic viability. The MTBE driven is likely to driven by factors like the rising demand in the petroleum and automotive industries because it is a vital component of petrol engine fuel. Furthermore, the usage of isobutylene by the chemical processing sectors is another factor likely to propel the Europe Isobutylene market in the forecast period. Owing to these reasons, the Europe Isobutylene market is expected to reach about 760 thousand tonnes by 2032.
Based on demand by region, the European Isobutylene market is segmented into Belgium, Germany, Netherland, France, and Rest of Europe. Among these, Belgium is leading the market closely followed by Germany.
Based on the end-user industry, the Europe Isobutylene market is segmented into different industrial sectors that include Methyl tert-butyl Ether (MTBE), Butylated Hydroxyanisole (BHA), Ethyl Tertiary Butyl Ether (ETBE), Butylated hydroxytoluene (BHT), and Others. Although, Methyl tert-butyl Ether (MTBE) is the leading end-user of the Europe Isobutylene market. In 2022, Methyl tert-butyl Ether (MTBE) consumed 42 percent of the net Europe Isobutylene market and is likely to maintain its position in the forecast period.
Significant players in the Europe Isobutylene market are Evonik Industries, OMV Group, Togliattikauchuk, Lyondell Basell, Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Isobutylene which covers production, demand and supply of Isobutylene market in the globe.
• To analyse and forecast the market size of Isobutylene
• To classify and forecast Europe Isobutylene market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Isobutylene market in the globe.
To extract data for Europe Isobutylene market, primary research surveys were conducted with Isobutylene manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe Isobutylene market over the coming years.
ChemAnalyst calculated Isobutylene demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand of Isobutylene by the end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Isobutylene manufacturers and other stakeholders
• Organizations, forums and alliances related to Isobutylene distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Isobutylene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe Isobutylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
510 thousand tonnes
Market size Volume by 2032
760 thousand tonnes
Growth Rate
CAGR of 4.13% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: [Methyl tert-butyl Ether (MTBE), Butylated Hydroxyanisole (BHA), Ethyl Tertiary Butyl Ether (ETBE), Butylated hydroxytoluene (BHT), and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Belgium, Germany, Netherland, France, and Rest of Europe
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Member - Board of Directors
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What is the expected Europe market size of Isobutylene in terms of volume for 2032?
Ans:
The Europe market size of Isobutylene is expected to reach approximately 760 thousand tonnes by 2032.
Q2.
What are the major end-use industries of Isobutylene?
Ans:
Isobutylene is used majorly in Methyl tert-butyl Ether (MTBE), Butylated Hydroxyanisole (BHA), Ethyl Tertiary Butyl Ether (ETBE), and Butylated hydroxytoluene (BHT) end-use industries.
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