Isobutylene, often known as 2-methylpropene, is an important industrial hydrocarbon. One of the four isomers of butylene, it is a four-carbon branching alkene (olefin). It is a colourless flammable gas that is not particularly flammable at optimal temperature and pressure. Isobutylene is used as a chemical intermediary in a variety of products.
MARKET DYNAMICS
The market is being driven by factors such as rising demand for chemically generated 2-Methypropene products all over the world. However, because isobutylene alone is not used in the bulk of products, demand for 2-methylpropene in markets is hampered. Furthermore, implementing 2-Methylpropene in the developing chemical sector is a significant hurdle for the market's growth.
MARKET SCOPE
The "Global 2-Methylpropene Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the 2-Methylpropene market with detailed market segmentation by product and application. The global 2-Methylpropene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 2-Methylpropene market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global 2-Methylpropene market is segmented into product and application. By application, the 2-Methylpropene market is classified into rubber manufacturing, pharmaceuticals, fuel and lubricants, adhesives and sealants, antioxidants, agrochemicals, plastic explosives, neopentaoic acid, methallyl chloride, and others. By product, the 2-Methylpropene market is classified into butyl rubber, polyisobutylene, mma monomer, isooctane, mtbe, plastics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global 2-Methylpropene market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The 2-Methylpropene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the 2-Methylpropene market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the 2-Methylpropene market in these regions.
MARKET PLAYERS
The report covers vital developments in the 2-Methylpropene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the 2-Methylpropene market are anticipated to lucrative growth opportunities in the future with the rising demand for 2-Methylpropene in the global market. Below mentioned is the list of few companies engaged in the 2-Methylpropene market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 2-Methylpropene market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- BASF SE,
- Evonik Industries AG
- LyondellBasel Industries NV
- TPC Group
- Chevron Phillips Chemical Company
- Songwon Industrial Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- Zibo Qixiang Petrochemical Group Ltd.
- Heilongjiang Anruijia Petrochemical Co., Ltd.
- Shandong Yuhuang Chemical (Group) Co., Ltd.
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