Isobutane Market Demonstrates Remarkable Market worth US$ 42.3 Billion and Steady CAGR of 6.9 %, Fueled by Growing Demand in Refrigerants and LPG Applications

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The energy sector constitutes a significant portion of the Isobutane market. Isobutane is used as a blending component in liquefied petroleum gas (LPG), enhancing its combustion properties and improving fuel efficiency. With the rising demand for cleaner and more sustainable energy sources, the Isobutane market is poised for substantial growth in the LPG segment.

The Isobutane market is experiencing robust growth as it continues to find diverse applications across multiple industries. Isobutane, a colorless and odorless hydrocarbon gas, possesses excellent properties that make it highly sought after in various sectors. In the energy industry, Isobutane is utilized as a blending component in liquefied petroleum gas (LPG), enhancing its combustion efficiency and making it an attractive choice for clean and sustainable energy sources.

Additionally, Isobutane serves as a crucial feedstock in the petrochemical sector, enabling the production of isobutylene and other derivatives used in the manufacturing of synthetic rubber, plastics, and antioxidants. Furthermore, Isobutane is widely used as a refrigerant in the refrigeration and air conditioning industry due to its low toxicity and environmental impact. The Isobutane market is expected to witness substantial growth in the coming years, driven by the increasing demand for LPG, petrochemical derivatives, and efficient refrigeration solutions. Manufacturers, suppliers, and stakeholders in the Isobutane market are focused on expanding their production capacities and exploring new application areas to capitalize on the growing market opportunities.

The report “Global Isobutane Market, By Type (Purity 99%, Purity 99.5%, Purity 99.7%, and Other), By Application (Refrigeration Systems, Cosmetic Products, and Other), and Region – Global Forecast to 2029”. 

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Key Market Insights from the report:        

The global isobutane market accounted for US$ 23.2 billion in 2020 and is projected to register CAGR of 6.9 % over the forecast period. The market report has been segmented on the basis of type, application, and region.

  • By type, purity 99.7% is segment accounted for major revenue share in 2018, owing to its excellent properties such as high purity and low contamination over other gases.
  • By application, the refrigeration systems segment is accounted for major revenue share in 2018 due tonature friendly and excellent refrigerant minus the ozone harming properties.
  • By region, Asia Pacific isobutane market accounted for major revenue share of the global isobutane market and is further anticipated to maintain its dominance over the forecast period, owing to presence of well-established isobutane industries in the countries such as India and China in the region. The market in North America is expected to account for second-highest revenue share in 2019.

The prominent player operating in the global isobutane market includes:

  • Jinling Petrochemical Company Ltd.
  • Heze Sirloong Chemical Co,. Ltd
  • Praxair, Inc.
  • Chevron Phillips Chemical company
  • Linda Aktiengesellschaft
  • Shell Trading International Limited
  • ConocoPhillips Company
  • Air Liquide International S.A.
  • Taiyo Nippon Sanso Corporation.

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Prophecy’s Analyst View on Isobutane Market:

  • Growing Demand in Energy Sector: Analysts anticipate a steady rise in the demand for Isobutane as a blending component in LPG. With increasing focus on cleaner and more sustainable energy sources, Isobutane’s use in LPG is expected to gain traction, driving market growth.
  • Petrochemical Applications Driving Market Expansion: The petrochemical industry is a major consumer of Isobutane, primarily for the production of isobutylene and its derivatives. Analysts predict a surge in demand for these downstream products, leading to increased Isobutane consumption and driving market growth.
  • Favorable Properties and Environmental Concerns: Isobutane’s properties, including high energy density, low toxicity, and low global warming potential, make it a preferred choice over other hydrocarbons. The compound’s low environmental impact aligns with increasing concerns regarding greenhouse gas emissions, further bolstering its demand.

Isobutane Market by trend:

Shift towards Environmentally Friendly Refrigerants: The Isobutane market has witnessed a significant shift towards environmentally friendly refrigerants due to regulatory restrictions and growing environmental concerns. Isobutane offers a low global warming potential (GWP) and is considered an eco-friendly alternative to traditional refrigerants like hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs). This trend is driven by efforts to reduce greenhouse gas emissions and comply with international agreements such as the Montreal Protocol.

Energy Efficiency and Energy Savings: Isobutane-based refrigeration systems are known for their energy efficiency and energy savings. Isobutane has excellent thermodynamic properties that enable efficient heat transfer and cooling performance, resulting in reduced energy consumption. This trend aligns with the increasing focus on energy efficiency and sustainable practices in the refrigeration industry.

Questions by Isobutane Market:

  1. What are the key market trends and market dynamics?
  2. Who are the major players in the market and what is their market share?
  3. What is the competitive landscape like in the market?
  4. What are the major drivers and restraints affecting the market?
  5. What are the growth opportunities in the market?
  6. What are the regional and local market conditions and consumer behavior?
  7. What is the market size and growth forecast for different regions and countries?
  8. What is the impact of government regulations and policies on the market?

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