SAN FRANCISCO, October 24, 2016 /PRNewswire/ --
The global isobutene market is expected to reach USD 30.71 billion by 2024, according to a new report by Grand View Research, Inc. Regulatory policies aimed at carcinogenicity of petrochemicals to have a huge impact on industry dynamics and product development sources. The primary market driver is the growing demand for rubber from the automotive industry. It was primarily used as a precursor to various chemicals, for instance, in the polymerization reaction with isoprene for the production of polybutene. Polybutene, in simple terms, is butyl rubber used for the production of tires and other synthetic products.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757 )
Tire production increased exponentially in the emerging countries of Asia Pacific including China and India. This increase in production is attributable to the growing transportation sector in these economies. Factors such as low-cost land for production facilities and easy availability of skilled labor have had a positive impact on the growth trend. Asia Pacific accounted for over 33% of the global volume in 2015.
Browse full research report with TOC on "Isobutene Market Analysis By Product (Methyl Tert-Butyl Ether (MTBE), Ethyl Tert-Butyl Ether (ETBE)), By Application (Automotive, Aerospace, Antioxidants, Pharmaceuticals) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/isobutene-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the isobutene market on the basis product, application and region:
Access research Insight - http://www.grandviewresearch.com/research-insights/isobutene-market-insights-stringent-regulatory-norms-defining-impact
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.
Read Our Blogs - grandviewresearch.com/blogs/bulk-chemicals
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com
Share this article