Methyl Isobutyl Carbinol (MIBC) Market - Market Size, COVID-19 Impact, Trends and Forecasts (2022 - 2027)

MARKET SUMMARY
 

Market Size and Forecast
The Methyl Isobutyl Carbinol Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow to reach USD 78.75 million by 2028, registering a CAGR of more than 4.1% during 2022-2028.
 

The Methyl Isobutyl Carbinol Market report provides in detailed analysis of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a major role in the market. These factors: the market dynamics, involves the drivers, restraints, opportunities through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The report also covers the market sizing and forecasts for the thermoformed plastics market in across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue ( USD billion).

Methyl Isobutyl Carbinol Market Overview
Methyl isobutyl carbinol is a branched hexyl alcohol and an organic chemical compound that is used as a frother in mineral flotation. It is a colorless and clear liquid, and has limited solubility in water. It is miscible with organic solvents. Methyl isobutyl carbinol is used as a solvent in coating films. It is also employed in organic synthesis, and as a precursor to some plasticizers. It is also used in brake fluids. Methyl isobutyl carbinol is also known as methyl amyl alcohol and isobutyl methyl methanol. Methyl isobutyl carbinol exhibits good solvent properties for waxes, oils, dyestuffs, ethyl cellulose, and natural resins

Surging demand for frothers in copper and molybdenum sulfide ores is one of the major market growth driving factor. Rising demand for surface coating applications will further drive the market value. However, increasing awareness about the toxic effects of MIBC will act as a growth restraint for the market. Forthcoming mining operations in Latin America will further create an opportunity for the market growth in the forecasted period.
 

The Asia-Pacific is expected to dominate the MIBC market during the forecast period. Asia-Pacific is a rapidly growing region of the global methyl isobutyl carbinol market. China, South Korea, Thailand, India, Japan, Malaysia, Taiwan, and Indonesia are the major consumers of methyl isobutyl carbinol in the region. China is the key producer of various mining products such as gold, coal, copper, and steel. Thus, demand for methyl isobutyl carbinol is high in the country. Rapid development of the construction industry in China owing to government support for infrastructure investment; and increase in number of mining operations and upcoming government projects in the country are expected to provide lucrative opportunities for the market in the future. North America dominated the global methyl isobutyl carbinol market in 2018, owing to the presence of a well-established construction sector in the region.

This report provides an all-inclusive environment of the analysis for Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Methyl Isobutyl Carbinol Market growth.
 

Along with the market overview, which comprises of the market dynamics the chapter includes a Porters Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Industrial Display System Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Methyl Isobutyl Carbinol Market

Global Methyl Isobutyl Carbinol Market Segmentation Analysis
The Global Methyl Isobutyl Carbinol Market is Segmented on the basis of application, end-user industry, and Geography.

Key Players in Global Methyl Isobutyl Carbinol Market
The Methyl Isobutyl Carbinol Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Dow, BASF SE, AkzoNobel NV, Eastman Chemical Company and Celanese Corporation.