Isobutanol Market to Expanding at a CAGR of 5.2% between 2017 and 2025.
Isobutanol Market is a primary alcohol and an organic compound with a molecular formula of (CH3)2CHCH2OH. It is a colourless, flammable liquid used predominantly as solvent and chemical intermediate to manufacture wide range of chemical formulations. Although it has limited miscibility in water, it is easily soluble in a wide range of regular solvents such as ketones, alcohols, ether, gycols, aromatic hydrocarbons, and aldehydes. Isobutanol also performs a number of functionalities, including playing the role of extractant, additive, humectant, dehydrating agent, and starting material. The global market for isobutanol has witnessed a steady pace of expansion in the past few years owing to high demand from a number of industries. The market continues to expand at a steady pace and is expected to exhibit a healthy CAGR of 5.2% over the period between 2017 and 2025.
On the basis of type, isobutanol is classified as synthetic isobutanol and bio-based isobutanol. Synthetic isobutanol is majorly produced by the carbonylation of propylene. The industry uses two methods to produced synthetic isobutanol namely - hydroformylation and Reppe carbonylation. Among these two hydroformylation is more common. However, due to environmental concerns, isobutanol manufacturers are shifting their focus on producing bio-based isobutanol, which is manufactured with the use of renewable feedstocks. Bio-based isobutanol is a cost effective alternative to isobutanol derived from fossil feedstock. Bio-based isobutanol serves as an excellent bio-based fuels which helps to lower carbon alternative. As a fuel, it can be blended with gasoline in higher concentration than ethanol without compromising compatibility and performance.
The information Presented in this Review is Based on Press-Release by TMR
On the basis of end user segment isobutanol is segmented into paints and coatings, oil and gas, pharmaceuticals, chemicals, and textiles. Isobutanol in the form of colorless, oily liquid is used as an industrial solvent that can be used in paints and coatings. When used in paints, isobutanol contributes in reducing viscosity and removes the brush flow of the end product. Isobutanol also helps to reduce the formation of oil residue. The paints and coatings industry is likely to remain one of the key consumers of isobutanol in the next few years as demand for paints and coatings has substantially increased from the construction and automotive sectors.