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Isoamylene Market

Isoamylene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020-2030

Global Isoamylene Market: Overview

Isoamylene refers to a flammable and colorless liquid that comes under the category of unsaturated hydrocarbons. This chemical is also known as 2-methyl-2-butene. This chemical finds use in the production of chemical intermediates and chemicals. Isoamylene is utilized in an extensive range of applications including fragrance and flavors. Such extensive use of the chemical is anticipated to foster expansion of the global isoamylene market over the timeframe of analysis, from 2020 to 2030.

In addition, isoamylene also finds use in several end use sectors, such as hot melt adhesives, pharmaceutical, pesticides, and UV stabilizers, which is likely to work in favor of the global isoamylene market over the analysis timeline, from 2020 to 2030. Isoamylene is insoluble in water and comes with very low density. This chemical has a wide range of applications in the fragrance sector wherein it is utilized in the synthesis of chemicals of fragrances. In addition, it also finds use in formulations in polymer antioxidants and peroxides. Pure form of isoamylene (99%) finds use in the manufacturing of resins and various agricultural products. Such extensive use of the product from various end use sectors is estimated to observe considerable growth over the timeframe of analysis, fro, 2020 to 2030.

Type, applications, and region are important factors in the market that has been considered for the classification of the global isoamylene market.

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Global Isoamylene Market: Notable Developments

The global isoamylene market is considered a fragmented one with the presence of numerous companies. With the increasing competition between companies, there is increased focus on research and development activities to come up with innovative products to increase revenue and market share. Most companies are also exploring options in overseas markets to navigate through the existing competition in domestic markets. These companies are entering into strategic collaborations in an effort to expand their product portfolio and footprint across the globe.

Some of the major players in the global isoamylene market are

  • Shanghai Petrochemical Company
  • Zibo Liantan Chemical
  • Chevron Phillips Chemical
  • Sunny Industrial System GmbH
  • INEOS Oligomers
  • Chevron Phillips Chemical Company, LLC

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Global Isoamylene Market: Key Trends

The global isoamylene market is foreseen to observe the prevalence of the following market drivers, opportunities, restraints, and developments.

High Demand from Several End Use Sectors to Support Growth of the Market

The growth of the global isoamylene market is estimated to be driven by the surging demand for flavor and fragrances and polymer antioxidants worldwide. Flavor and fragrances is one of the leading consumers of isoamylene and is expected to make considerable contribution toward the growth of the revenue of the market. Manufacturers are entering into collaborations and various universities and research centers are working together to develop isoamylene-based advanced products. This factor is estimated to support development of the global isoamylene market over the timeframe of analysis, from 2020 to 2030. There are niche applications of this chemical, which is also used in UV stabilizers and pharmaceuticals.

On the other hand, isoamylene is flammable and extremely volatile, which makes its handing nd storage difficult thereby adding to the product’s overall cost. This factor is likely to restrict expansion of the global isoamylene market over the timeline of analysis, from 2020 to 2030.

Global Isoamylene Market: Geographical Analysis

Asia Pacific is likely to emerge as one of the prominent regions in the global isoamylene market and is likely to retain its lucrativeness over the forecast period. Growth of the Asia Pacific market is ascribed to increased industrialization. In addition, flourishing business of the pharmaceutical and agricultural industry is likely to propel growth of the isoamylene market in the Asia Pacific region.

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