GITNUX MARKETDATA REPORT 2024

High Purity Isobutylene Industry Statistics

High Purity Isobutylene industry statistics indicate a growing demand for this product with increasing production and market share.

Statistic 1

"The demand for high purity isobutylene for specialty chemicals is predicted to rise by 12% by 2025."

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Statistic 2

"By application, the tire industry holds about 45% of the high purity isobutylene market share."

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Statistic 3

"The purity level of isobutylene often required in pharmaceuticals is above 99.5%."

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Statistic 4

"By 2030, the high purity isobutylene market in Europe is forecasted to reach USD 1.2 billion."

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Statistic 5

"The industrial grade high purity isobutylene is expected to stay above 98% purity."

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Statistic 6

"The U.S. has over 32% of the global high purity isobutylene production capacity."

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Statistic 7

"The automotive sector drives around 55% of the high purity isobutylene demand globally."

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Statistic 8

"The high purity isobutylene market is projected to grow at a CAGR of 7.1% from 2023 to 2030."

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Statistic 9

"Investment in R&D for high purity isobutylene production technology reached around USD 200 million in 2022."

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Statistic 10

"The adhesive and sealant industry consumes nearly 25% of the high purity isobutylene produced."

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Statistic 11

"Approximately 60% of high purity isobutylene produced is consumed in the manufacture of butyl rubber."

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Statistic 12

"The CAGR for high purity isobutylene in the Middle Eastern market is anticipated to be 6.5%."

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Statistic 13

"High purity isobutylene is utilized in the production of antioxidants, contributing to 20% of its market application."

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Statistic 14

"Asia-Pacific is expected to experience the fastest growth, with a CAGR exceeding 8% over the next decade."

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Statistic 15

"Global capacity expansion projects could increase the high purity isobutylene supply by 15% by 2025."

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Statistic 16

"North America accounted for over 30% of the global market share in high purity isobutylene in 2022."

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Statistic 17

"The global high purity isobutylene market size was valued at approximately USD 3.21 billion in 2022."

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Statistic 18

"Environmental regulations are boosting the demand for high purity isobutylene in cleaner fuels."

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Statistic 19

"In 2021, China consumed over 580,000 tonnes of high purity isobutylene."

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Statistic 20

"Bio-based high purity isobutylene is emerging as a key green alternative in the market."

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