High Purity Isobutylene Market Size, Restraints and Trends, Different Market Size, Segment, Forecast to 2030

Global High Purity Isobutylene Market was valued at USD 7.74 Billion in 2021 and is expected to reach USD 12.77 Billion by the year 2028, at a CAGR of 7.41%.

High Purity Isobutylene (HPIB) is a chemical made up of an olefinic hydrocarbon conjured up by dehydration of tert-butanol. The production and manufacturing of various synthetic chemical products is done using HPIB or isobutylene. Additionally, it is also used in the production of alkylated phenols which are used as antioxidants, high-reactivity polyisobutylene, butyl rubber, and TBAC solvents. The factors such as excellent chemical and mechanical properties and Increased applications in the automotive industry are driving factors for the global high purity isobutylene market. Toxic Effects of the Derivatives may hamper market growth.

Leading companies reviewed in the High Purity Isobutylene (HPIB) Market report is:

Lyondell Basell, ExxonMobil Chemical, NKNK, Sumitomo Chemical, Evonik, Honeywell, Songwon, TASCO, Beijing Yanshan Petrochemical, TPC Group, Jinzhou Petrochemical, Zhejiang Shunda New Material, Shangdong Chambroad Petrochemical

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