SAN FRANCISCO, October 20, 2015 /PRNewswire/ --
The global isobutanol market is expected to reach USD 1.18 billion by 2022, according to a new report by Grand View Research, Inc. Growing isobutanol demand across various end-use industries such as oil & gas and chemical intermediates is expected to drive its demand over the forecast period. Emergence of isobutanol as a platform chemical for producing isobutyl esters has also helped in market penetration. Intrinsic properties associated with isobutanol such as medium volatility and limited miscibility is expected to positively impact market growth.
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Browse full research report with TOC on "Isobutanol Market Analysis By Product (Synthetic Isobutanol, Bio-Based Isobutanol), Application (Oil & Gas, Solvents & Coatings, Chemical Intermediates) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/isobutanol-market
Synthetic isobutanol was the largest product segment and accounted for 58.1% of total market volume in 2014. Bio-based Isobutanol is expected to witness the highest growth of 7.0% from 2015 to 2022. Growing environmental and toxicity concerns coupled with high rate of commercialization of bio-based isobutanol at cheaper prices may be attributed towards product demand. Bio-based isobutanol is extensively being used in renewable jet fuels that provide low carbon footprints and cleaner burning.
Further key findings from the report suggest:
Grand View Research has segmented the isobutanol market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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