Isobutanol Market is expected to perceive significant demand as an alternative to conventional fuel. The high demand of isobutanol is attributed to its increasing demand as an alternative for ethanol in gasoline (mainly due to the high energy density of isobutanol).
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Isobutanol is widely used in the production of isobutyl acetate. The demand for isobutyl acetate is growing, owing to its acceptance in the various consumer product industries, such as food processing industry and lacquer.
Based on various applications, the global isobutanol market can be segmented as Oil and Gas, Paint and coating, Cosmetics, Food processing, De-icing fluids, Textile and others. Based on the various end use of isobutanol, the market can be broadly segmented as Isobutyl ester, P-xylene, Isobutanol, Isobutyl and others.
Asia Pacific is the largest market of Isobutanol in 2014, attributed to the demand of isobutanol from food processing and paints and coating industry in this region. The surging urbanizat ion and strengthening infrastructural project in tier II and tier III cities of India and China has boosted the demand of isobutanol in this region.
Asia-Pacific is still the fastest growing isobutanol market, which has attributed to the high demand for automotive paints and coating from China, India and South-East Asian countries.
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Some of the major companies operating in the global isobutanol market include The Dow Chemical Company, BASF SE, Eastman Chemical Company, Fitesa, Toray Industries, Inc. and Gevo, Inc.
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