Global Iso-octene (Di-isobutylene) Market Anticipated to Reach US$ 3,783.3 Million by 2035

According to a recent market study published by Growth Market Reports, titled, “Global Iso-octene (Di-isobutylene) Market by Purity, by Function, by Application, by Distribution Channel, by End-use Industry, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2035”, the market was valued at US$ 1,731.8 Million in 2022 and is anticipated to grow at a growth rate of 6.3% by the year 2035.

Di-isobutylene (DIB) is an organic compound with the chemical formula C-8 H-16. The Chemical name (IUPAC) of di-isobutylene 2,4,4-trimethylpentene (2,4,4 TMP). It is a colorless liquid that is insoluble in water. DIB is used as a monomer in the production of synthetic rubber and plastics. Di-isobutylene is used as a model system for kinetic studies of reactions involving methyl ketones in the presence of hydrogen fluoride. The concentration of di-isobutylene and the catalyst as well as the temperature and pressure affect the time required for the reaction process. Di-isobutylene combines with hydrogen to create complexes containing hydrogen bonds that are reactive with other compounds. When hydrocarbons or hydrogen gas are involved in a chemical reaction, di-isobutylene is frequently used as a catalyst. 

Get Sample Report @ https://growthmarketreports.com/request-sample/5654

The Iso-octene (Di-isobutylene) Market has been fragmented based on by Purity, by Function, by Application, by Distribution Channel, by End-use Industry. On the basis of purity, the market is divided into 95% to 98% and above 98%. The above 98% segment is further segmented into 98.0% to 99.0%, 99.1% to 99.5%, and 99.6% & Above. Based on function, the iso-octene (di-isobutylene) market is categorized as fuel additive, chemical intermediate, and others. Based on application, the iso-octene (di-isobutylene) market is categorized as lube additives, synthetic rubber, gasoline, octyl phenol resins, co-monomers, and others.

On the basis of the distribution channel of iso-octene (di-isobutylene), the market is divided into direct sales, wholesaler/distributor, and online retail. Based on end-use industry, the iso-octene (di-isobutylene) market is categorized as chemical, oil & gas, automotive, and others. The market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for Iso-octene (Di-isobutylene) Market during the forecast period are the Rise in Global Automobile Industry, Rising demand in Rubber and Adhesive Production, Growing Demand from chemical and Petrochemical Industry. Developed countries such as the US and those in Europe use up to 20 times more plastic and up to 10 times more fertilizer per person than developing countries such as India and Indonesia. Di-isobutylene is used as a monomer in the production of various plastics such as polybutene-1 and polyisobutylene, which is driving the iso-octene (di-isobutylene) market.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Manufacturing units shut down, which restrained the iso-octene (di-isobutylene) market. This decreased the demand for various raw materials used to manufacture this product. This disruption led to delays in the production and delivery of iso-octene (di-isobutylene), thus affecting the overall market.

As per growth market reports industry analyst Partha Paul, “The global iso-octene (di-isobutylene) market is experiencing a significant growth, due to various factors. These factors include increasing demand for fuel additives in gasoline production, rising production of specialty chemicals, and the growing construction and automotive industries. The growing usage of iso-octene (di-isobutylene) as a chemical intermediate in the production of surfactants, lubricants, resins, and rubbers fuels the market expansion. The iso-octene (di-isobutylene) market in Asia-Pacific is experiencing rapid growth, with China and India being the major contributors. The expansion of various industries in the region, such as chemical, automotive, and construction, is driving the demand for di-isobutylene in Asia Pacific."

A supply chain is a network between a manufacturer and suppliers to produce and distribute a specific product to the final buyers. This network includes different people, regulatory bodies, entities, information, and resources. Raw materials used for manufacturing iso-octene primarily include isobutylene, which is shipped to manufacturers to be processed into final products. These materials are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. The products are then supplied to the distributors. Distributors store finished products in large inventories and are mediators in the supply chain. They directly obtain the products from the manufacturers and pass them midstream. End-users of di-isobutylene include manufacturers of specialty chemicals such as octyl phenol resins, synthetic rubbers, gasoline, and others.

Key Takeaways from the Study:

• The players in the Iso-octene (Di-isobutylene) Market include A B ENTERPRISES, Evonik Industries AG, FUJIFILM Wako Pure Chemical Corporation, INEOS, Keyera, LyondellBasell Industries Holdings B.V., Maruzen Petrochemical, Merck KGaA, Ing. Petr Švec - PENTA s.r.o, Santa Cruz Biotechnology, Inc, TCI America, TPC Group, and Yufeng International Group Co., Ltd. held a significant market share of the Iso-octene (Di-isobutylene) Market in the year 2022.

• On the basis of purity, the market is divided into 95% to 98% and above 98%. The above 98% segment is further segmented into 98.0% to 99.0%, 99.1% to 99.5%, and 99.6% & Above. Di-isobutylene, a mixture of isomeric compounds, appears as a clear colorless liquid with a petroleum-like odor. Di-isobutylene or iso-octene with 95% to 98% purity level is used primarily as fuel additive and chemical intermediate for gasoline and synthesis of various chemicals in industries as well as research and laboratories. The purity of di-isobutylene is determined by the number of impurities present in it. The impurities present in this product are usually less than 98%. Therefore, iso-octene (di-isobutylene) with 98% or less than 98% purity are widely used in the production of lubricant additives, chemicals, rubbers and others, where less impurities are preferred.

• Based on function, the iso-octene (di-isobutylene) market is categorized as fuel additive, chemical intermediate, and others. Fuel or gasoline additives are compounds which are manufactured to enhance the quality and efficiency of fuels. Gasoline additives typically increase gasoline octane rating or act as corrosion inhibitors or lubricants. These fuel additives help to avoid problems such as rough idling, weak acceleration, stumbling, and stalling. Fuel additives are chemical substances that are added to gasoline, diesel, kerosene, and other fuels to impart or improve certain properties. Di-isobutylene is C8 branched olefin, which is a mixture of isomer compounds. It is popularly used as an alkene representative in multi-component surrogate models for engine studies of gasoline fuels. Iso-octene or di-isobutylene ensures that combustion engine runs efficiently. When fuel goes through the combustion process, di-isobutylene fuel additives support the vehicle by burning the fuel effectively.

• Based on application, the iso-octene (di-isobutylene) market is categorized as lube additives, synthetic rubber, gasoline, octyl phenol resins, co-monomers, and others.  Iso-octene (di-isobutylene) is a valuable chemical compound that finds applications in various industries. In lubricant additives, di–isobutylene is used for its excellent properties that contribute to the performance and functionality of lubricants. Di-isobutylene act as a pour point depressant lubricant additive. The pour point of a lubricant refers to the lowest temperature at which it can still flow. Adding di-isobutylene to the formulation helps reduce the pour point, allowing the lubricant to remain fluid at low temperatures. This property is particularly beneficial in cold weather conditions, where maintaining fluidity is crucial for proper lubrication.

• On the basis of the distribution channel of iso-octene (di-isobutylene), the market is divided into direct sales, wholesaler/distributor, and online retail. When a product or service is sold indirectly, it is done through a partner or affiliate rather than the company sales. A company utilizes indirect sales in place of recruiting sales staff or in addition to direct sales efforts. Distributors and wholesalers are frequently used for indirect sales. Wholesalers buy large quantities of goods from manufacturers, and then resell them in bulk quantities at discounted prices to the retailers. Distributors of di-isobutylene buy the product from manufacturers and then sell it to consumers.

• Based on end-use industry, the iso-octene (di-isobutylene) market is categorized as chemical, oil & gas, automotive, and others. The oil and gas industry comprises the manufacturing process of oil and gas from wells to turn them into the final petroleum products for the consumer usage. The oil and gas industry is s major industry across the globe, contributing significantly in the global economic growth. Gasoline is an important part of the oil and gas industry. It is used to power many heat engines, and it particularly acts as a fuel for large number of cars. Gasoline is made when crude oil is broken into various petroleum products through a process of fractional distillation. Fuel additives enhance the quality and efficiency of fuels by increasing its octane rating and acting as a lubricant. Di-isobutylene is a significant fuel additive, which is used in the manufacturing of gasoline and diesel for further use in vehicles. It has high octane rate and is a corrosion inhibitor, which help for high efficiency and power.  

• On the basis of region, the global iso-octene (Di-isobutylene) market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific accounted for major market share in 2022. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period, due to the high demand for gasoline and synthetic rubber in the region. Asia Pacific is the largest producer of synthetic rubber accounting for 58.3% of the total global production. Emerging economies such as India are focusing on increasing the production of automobiles and tires due to the high demand for vehicles in the region. The market in Latin America is anticipated to expand during the forecast period. Growing environmental concerns related to vehicle emissions and increasing oil & gas downstream activities are projected to increase the demand for iso-octane (DI-isobutylene).

Report Scope:

Target Audience:

• Supply-side: Manufacturer and distributors.

• Demand Side: Chemical, Oil & Gas, Automotive, And Others.

• Regulatory Side: Concerned government authorities, and other approval regulatory bodies.

• Associations and Industry Bodies:  EPA, REACH, IEA, OSHA.