The global di-isobutylene market will register a high growth trajectory in the forthcoming years, states a report published by TMR Research. Di-isobutylene finds applications in the manufacturing of chemicals and chemical intermediates used in lubricant, rubber, and polymer industries. Thriving automobile industry is stimulating the demand for the products from the global di-isobutylene market.
The report titled “Di-isobutylene Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2029” discusses key factors supporting the growth of the di-isobutylene market. Besides, it sheds light on various potential growth avenues for new entrants of the market. Further, key strategies used by well-established players such as mergers, acquisitions, new product launches, and research activities are discussed in the report for the global di-isobutylene market.
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Various Applications Drive Demand for Di-Isobutylene
The global di-isobutylene market is projected to maintain upward graph of revenues during forecast period. One of the key reasons supporting this projection is growing applications of di-isobutylene in stabilizer, silicones, oxidation inhibitors, and anti-wear additives. Additionally, it is used as a co-monomer in the manufacturing of hydrocarbon resins, elastomers, and polycarbonate resins. The market for di-isobutylene is expected to grow on the back of rise in the downstream industries including the companies engaged in the production of lubricants, rubber, and polymers.
The global di-isobutylene market will demonstrate noteworthy growth in sales due to its growing demand from the refinery and automobile sectors. Furthermore, major companies in the automotive sector are inclined toward the reduction of fuel cost. This situation has called for the increased use of di-isobutylene owing to its ability to be used as an additive in 2-stroke engine. The key feature of this engine is ability to burn without generating harmful gases, which helps in low soot deposition. Hence, the global di-isobutylene market is estimated to show growth at a rapid pace during the predicted period of 2019-2029.
The competitive landscape of the global di-isobutylene market is fairly fragmented. Owing to presence of many regional and international players, the competition level of the market for di-isobutylene is highly intense. Vendors in this market are increasing their investments on research activities. Using this move, they are achieving the target of providing superior quality products to the end-consumer industries.
Besides, growing number of partnerships and collaborations signify the promising future for the global di-isobutylene market in the upcoming years. Many vendors are using these strategies to grow their regional presence. Maruzen Petrochemical, Evonik Industries, Zibo JinLin Chemical, Lanxess, Nizhnekamskneftekhim, Shandong Huachao Chemical Co., Ltd., Huajiang Chemical, Lyondellbasell, INEOS Oligomer, TPC Group, and FUJIFILM Wako Pure Chemicals are some of the key players in the global di-isobutylene market.
North America Shows Prominent Avenues for Market Growth
On regional front, the global di-isobutylene market is segmented into about six regions, namely, Latin America, North America, South Asia & Oceania, Europe, East Asia, and MEA. Of them, North America is one of the prominent regions. It is projected to demonstrate vigorous avenues for the di-isobutylene market growth during forest period. Key reasons supporting this projection are presence of many key vendors and significantly large automotive industry in this region. As a result, North America holds around 30% share of di-isobutylene market.
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Europe will maintain the steady curve of growth during the forecast period. Many vendors from the countries of this region are shifting to low cost manufacturing countries. This factor can make the growth of the di-isobutylene market in Europe somewhat sluggish. On the other hand, increasing industrialization and thriving automotive industry in South Asia & Oceania will offer stupendous growth avenues for the di-isobutylene market during forecast period.