Methyl Isobutyl Carbinol Market Outlook 2031
The global methyl Isobutyl carbinol market size was valued at USD 185 Million in 2022 and is expected to reach USD 265.6 Million by 2031, expanding at a significant CAGR of 4.1% during the forecast period, 2023–2031. The growth of the market is attributed to rising demand for frothers from copper and molybdenum sulfide ore.
Methyl isobutyl carbinol (MIBC) is an organic compound, a branched hexanol, used as a skimmer in mineral flotation. Methyl isobutyl methanol is a colorless transparent liquid, slightly soluble in water, and miscible with most organic solvents.
Methanol can be used as a solvent in organic synthesis, a precursor of certain plasticizers, and the manufacture of brake fluids. Methyl isobutyl methanol has good solubility for oils, waxes, dyes, natural resins, and ethyl cellulose. Methyl isobutyl methanol is easily biodegradable, is unlikely to accumulate in the food chain, and is not considered toxic to fish.
Methyl Isobutyl Carbinol Market Trends, Drivers, Restraints, and Opportunities
- Increasing consumption of lube oils is expected to drive the market during the forecast period.
- Rapid growth of the mining industry is likely to increase the demand which is estimated to boost the market during forecast period.
- Growing demand in emerging economies is projected to boost the market during forecast period.
- High price of feed stock and availability of substitutes are expected to restrict the market growth.
- Growing awareness of side effects of MIBC possess as key factors that can hamper the market growth during the forecast period.
- R&D investment and development of mining operations is projected to create immense opportunities for the market players.
Scope of Methyl Isobutyl Carbinol Market Report
The report on the global methyl solubility carbinol market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Methyl Isobutyl Carbinol Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (Brothers, Elasticizes, Corrosion Inhibitors, Lube oils and Hydraulic Fluids, and Other Applications) and End Users (Automobiles, Mining, Rubber, Construction, and Other End Users)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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BASF SE, Dow, Celanese Corporation, AkzoNobel NV, and Eastman Chemical Company
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Methyl Isobutyl Carbinol Market Segment Insights
Applications Segment Analysis
Based on applications, the methyl isobutyl carbinol market is bifurcated into frothers, plasticizers, corrosion iinhibitors, lube oils and hydraulic fluids, and others. The plasticizers segment is expected to represent a key share of the market during the forecast period.
Currently, the constructing and creation enterprise is a thriving enterprise in numerous rising economies of Asia-Pacific and the South America. Moreover, renovation and advancement of present and mature homes in countries, just like the United States, might additionally boost the funding.
In 2018, the fee of the residential area become approximately USD 545,388 million and non-residential become approximately USD 747,868 million. Factors driving the constructing and creation enterprise are the ever-growing population, speedy urbanization, and increasing per capita income.
End-user Segment Analysis
Based on end users, the methyl isobutyl carbinol market is segregated into aautomobiles, mining, rubber, construction, and others. The mining segment is expected to represent a key share of the market during the forecast period owing to Asia as a major producer of coal, gold, and steel and increasing demand for iron ore, copper, and coal.
Regional Outlook
On the basis of regions, the methyl isobutyl carbinol market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Asia Pacific is anticipated to dominate the market during forecast period. China is the largest producer of various metals such as coal, gold and steel. Infrastructure construction in Asia has led to a significant increase in demand for raw materials such as iron ore, copper, and coal.
China’s construction industry is flourishing due to the central government’s efforts to invest in infrastructure to support economic growth. The above factors are expected to increase the demand for methyl solubility carbinol (MICB) during the forecast period.
Segments
The global methyl isobutyl carbinol market has been segmented on the basis of
Applications
- Plasticizers
- Frothers
- Corrosion Inhibitors
- Lube oils and Hydraulic fluids
- Other Applications
End Users
- Mining
- Automobile
- Construction
- Rubber
- Other End Users
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the methyl isobutyl carbinol market include BASF SE, Dow, Celandine Corporation, AkzoNobel NV, and Eastman Chemical Company.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.