Latest
industry research report on: Global 2-Methylpropene Market | Industry
Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
2-Methylpropene Market:
Scope and Overview
This research study analyzes
the market for 2-methylpropene in terms of revenue (US$ Bn) and
volume (Kilo Tons). The 2-methylpropene market has been segmented on
the basis of product, application, and geography. Geographical
segmentation includes regions, which are further divided into 19
countries. The report features a detailed regional segmentation with
market growth forecasts from 2016 to 2024. 2015 has been considered
the base year and 2016 the estimated year, while all forecasts have
been given for the period from 2016 to 2024. Market data for all the
segments has been provided at the regional and country-specific
levels from 2016 to 2024. The report provides a broad competitive
analysis of companies engaged in the production of 2-methylpropene.
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The
report also includes key market dynamics such as drivers, restraints,
and opportunities affecting the global 2-methylpropene market. These
are analyzed in detail and illustrated in the report with supporting
graphs and tables. The report also provides a comprehensive analysis
of the market with the help of the Porter’s Five Forces Analysis
model, which helps in understanding the factors that affect the
structure and profitability of the global 2-methylpropene market.
These are the bargaining power of buyers, bargaining power of
suppliers, threat of new entrants, threat of substitutes, and degree
of competition.
The
report provides detailed insights into the global 2-methylpropene
business. Currently, numerous factors drive the 2-methylpropene
market. The most prominent drivers include growth of renewable
energy, scarcity of energy, and implementation of stringent
government regulations to minimize carbon emissions. Market
attractiveness analysis was carried out for the 2-Methylpropene
market on the basis of product, application, and region. Market
attractiveness was estimated on the basis of common parameters that
directly impact the market.
2-Methylpropene
Market: Trends and Opportunities
Products
derived from 2-methylpropene include butyl rubber, polyisobutylene,
MMA monomer, isooctane, and MTBE. Butyl rubber is synthetic rubber
produced by co-polymerization of 2-methylpropene with a small amount
of isoprene. Polyisobutylene is a polymer with high molecular weight,
it is produced by 2-methylpropene polymerization. MMA monomer is
widely employed in several applications, ranging from dental
prosthetics and bone cements to contact lenses. Isooctane is used as
an octane booster for gasoline and as primary component of aviation
gasoline, (also known as avgas), due to its high antiknock quality.
The feedstock considered for isooctane production is composed of
2-methylpropene and isopentane, which are produced in refineries
through steam cracking of light gas oil. MTBE is produced by
utilizing feedstock such as 2-Methylpropene and methanol in the ratio
of 1.2:1 respectively. Demand for MTBE is stagnant due to
implementation of stringent government regulations, groundwater
contamination, health hazards, and environmental pollution. Other
products manufactured from 2-methylpropene comprise ethyl tert-butyl
ether (ETBE) and plastics.
Consumption
of gasoline & lubricant additives and rubber products has been
increasing due to growth in the global automotive industry. Rise in
demand for 2-methylpropene in aviation and automobile industries
across the globe is anticipated to drive the 2-methylpropene market
during the forecast period. Expansion of existing production
facilities coupled with bio-based production of 2-methylpropene has
been driving the demand for 2-methylpropene-based products and
applications across the globe.
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2-Methylpropene Market:
Segmentation
The global 2-methylpropene
market has been segmented into three categories: product,
application, and region. In terms of product, the 2-methylpropene
market has been classified into the butyl rubber, polyisobutylene,
MMA monomer, Isooctane, MTBE, and others. In terms of application,
the 2-methylpropene market has been classified into rubber
manufacturing, pharmaceuticals, fuel & lubricants, adhesives &
sealants, antioxidants, agrochemicals, and others.
In terms of region, the
2-methylpropene market has been segmented into North America, Western
Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan, Middle
East & Africa, and Latin America. North America dominates the
market in terms of installed production capacities of
2-methylpropene, however, in terms of demand, the share of North
America is declining due to the bans imposed on the usage of MTBE in
the region. High demand for MTBE in Asia Pacific (excluding Japan)
has resulted in expansion of existing 2-methylpropene production
facilities in China. Demand for 2-methylpropene in Asia Pacific is
rising at a higher rate than that in other regions.
2-Methylpropene Market:
Companies Mentioned in the Report
Major players operating in the
2-methylpropene market include BASF SE, Evonik Industries AG,
LyondellBasel Industries NV, TPC Group, Chevron Phillips Chemical
Company, and others. The global 2-methylpropene market has been
segmented as follows:
2-Methylpropene Market: By
Product
Butyl Rubber
Polyisobutylene
MMA Monomer
Isooctane
MTBE
Others(Plastics, ETBE)
2-Methylpropene Market: By
Application
Rubber Manufacturing
Pharmaceuticals
Fuel & Lubricants
Adhesives & Sealants
Antioxidants
Agrochemicals
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