Methyl Isobutyl Carbinol (MIBC) Market - Segmented by Application, End-user Industry, and Geography ‚ Growth, Trends, and Forecast (2019 - 2024)

Methyl Isobutyl Carbinol (MIBC) Market - Segmented by Application, End-user Industry, and Geography ‚ Growth, Trends, and Forecast (2019 - 2024)

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The global methyl isobutyl carbinol (MIBC) market is expected to register a CAGR of 2.85% during the forecast period. MIBC is used in frothers, surface coatings, adhesives, cosmetics, toiletries, and cleaners; finds application in the pharmaceutical industry for the extraction of vitamins and minerals, as wetting agents in lithographic printing, and as chemical intermediates; it is used in the production of lube oil additives, hydraulic fluids, and plasticizers.

Surging Demand for Frothers in Copper and Molybdenum Sulfide Ores

Frothers used in the mining industry are generally alcohol- or glycol-based reagents. Methyl Isobutyl Carbinol is widely used as a frother in metal and non-metallic ores industry. Copper is an essential component in radiators, motors, connectors, wiring, bearings, and brakes used in cars and trucks. Multiple applications of copper in various industries have been increasing the demand for copper, worldwide.  The demand for molybdenum disulfide has also been increasing, owing to its wide application as dry lubricant in greases, dispersions, friction materials, and bonded coatings. The increasing activities of flotation plants used in copper and molybdenum extracting sectors are likely to increase the demand for methyl isobutyl carbinol during the forecast period

Plasticizers is Expected to Dominate the Market

Owing to growth in the plasticizers’ demand for end-user applications, such as, flooring & wall, film & sheet coverings, wires & cables, coated fabrics, consumer goods, etc., the demand for MIBC is also expected to rise. Additionally, the rising demand for lightweight vehicles and introduction of new emission standards have been driving the demand for PVC products in automotive applications. MIBC is generally mixed with PVC for the plasticity and viscosity of the product used in the automotive industry. Thus, growth in the demand for such products in the automotive industry is likely to increase the demand for MIBC during the forecast period.

Asia-Pacific Dominates the Market

In 2017, Asia-Pacific was the dominant consumer of the market. This region is also expected to be the fastest-growing market, owing to growing demand from developing economies for automobile, mining, and coating industries. The increasing number of mining operations and upcoming government projects in China and India are providing a lucrative opportunity for the growth of the market in the future.

The United States is expected to continue being the leading country in North America. Robust growth in the mining industry is expected to favor the market growth over the forecast period. Copper mining has been a major activity in the United States, with vast deposits of copper available in the country.


Key Developments in the Market

  • September 2017: Celanese Corporation announced the increase in prices of its acetyl derivatives. The product price of MIBC had increased by USD 0.08 (USD/lb).
  • May 2017: Sumitomo Chemical announced that it is establishing a new manufacturing and sales base for polypropylene (PP) compounds in the city of Chengdu, Sichuan Province, to strengthen the Automotive Materials business in China. MIBC is used as a plasticizer in these compounds.

The major players include – Shell Chemicals, BASF SE, DowDuPont, Mitsubishi Chemical, and AkzoNobel Industry Co., among others.

Reason to Purchase the Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating process type and filler used in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

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1. Introduction

              1.1 Research Phases

              1.2 Study Deliverables

              1.3 Scope of the Report

2. Executive Summary

3. Market Insights

              3.1 Industry Value-Chain Analysis

              3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

              3.3 Technological Snapshot

                             3.3.1 Production Process

                             3.3.2 Patent Analysis

              3.4 Trade Analysis

              3.5 Price Index

              3.6 Upcoming Projects

              3.7 Regulatory Policy Analysis

4. Market Dynamics

              4.1 Drivers

                             4.1.1 Growing Demand from Lube Oil Additives in Automotive Industry

                             4.1.2 Surging Demand for Frothers in Copper and Molybdenum Sulfide Ores

                             4.1.3 Growing Demand for Surface Coating Applications

              4.2 Restraints

                             4.2.1 Growing Awareness about Toxic Effects of MIBC

              4.3 Opportunities

                             4.3.1 Upcoming Mining Operations in Latin America

5. Market Segmentation and Analysis (Market Size, Share and Forecast)

              5.1 By Application

                             5.1.1 Plasticizers

                             5.1.2 Frothers

                             5.1.3 Corrosion Inhibitors

                             5.1.4 Lubeoils and Hydraulic Fluids

                             5.1.5 Others

              5.2 By End-user Industry

                             5.2.1 Paints & Coatings

                             5.2.2 Mining

                             5.2.3 Automobile

                             5.2.4 Rubber

                             5.2.5 Pharmaceutical

                             5.2.6 Others

6. Regional Market Analysis (Market Size, Share and Forecast)

              6.1 Asia-Pacific

                             6.1.1 China

                             6.1.2 India

                             6.1.3 Japan

                             6.1.4 South Korea

                             6.1.5 Rest of Asia-Pacific

              6.2 North America

                             6.2.1 United States

                             6.2.2 Canada

                             6.2.3 Mexico

                             6.2.4 Rest of North America

              6.3 Europe

                             6.3.1 Germany

                             6.3.2 United Kingdom

                             6.3.3 Italy

                             6.3.4 France

                             6.3.5 Rest of Europe

              6.4 South America

                             6.4.1 Brazil

                             6.4.2 Argentina

                             6.4.3 Rest of South America

              6.5 Middle East & Africa

                             6.5.1 Saudi Arabia

                             6.5.2 South Africa

                             6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape

              8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

              8.2 Market Share Analysis**

              8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)

              9.1 BASF SE

              9.2 DowDuPont

              9.3 Mitsubishi Chemical

              9.4 LG Chem

              9.5 AkzoNobel

              9.6 Sumitomo Chemical

              9.7 Mitsui Chemicals

              9.8 Toray Industries

              9.9 Eastman Chemical Company

              9.10 Evonik Industries

              9.11 Celenase Corporation

              9.12 Rhodia

              9.13 Weifang Yihua

              9.14 Hubei Jusheng

              9.15 Cetex petrochemicals

              9.16 Monument Chemical

               *List not exhaustive

10. Disclaimer

**Subject to availability on public domain

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