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Methyl Isobutyl Carbinol (MIBC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Application (Plasticizers, Frothers, Corrosion Inhibitors, Lube Oils, and Hydraulic Fluids, and Other Applications), End-user Industry (Construction, Mining, Automobile, Rubber, Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Market Snapshot

Methyl Isobutyl Carbinol (MIBC) Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <3 %

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Market Overview

The market for methyl isobutyl carbinol (MIBC) is expected to expand, at a CAGR of around 3%, during the forecast period. One of the major factors driving the market studied is the surging demand for frothers in copper and molybdenum sulfide ores.

  • Growing awareness about the toxic effects of MIBC is expected to hinder the growth of the market studied.
  • Upcoming mining operations in Latin America is expected to act like an opportunity in the market studied.

Scope of the Report

The methyl isobutyl carbinol (MIBC) market report includes:

Application
Plasticizers
Frothers
Corrosion Inhibitors
Lube oils and Hydraulic Fluids
Other Applications
End-user Industry
Construction
Mining
Automobile
Rubber
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Plasticizers Segment to Dominate the Market

  • In the construction industry, MIBC has major application in paints and surface coatings. Currently, the building and construction industry is a thriving industry in several emerging economies of Asia-Pacific and the South American region, which is expected to drive the usage of the MIBC market.

  • The global construction market is anticipated to expand over 70% by 2030, resulting in an increase in the demand for methyl isobutyl carbinol.

  • Moreover, refurbishment and upgrade of existing and mature buildings in countries, like the United States, may further drive the investment in the sector.

  • For instance, according to the US Census Bureau, in 2018 the value of construction in the United States was around USD 1,293,256 million in construction. In 2018, the value of the residential sector was about USD 545,388 million and non-residential was about USD 747,868 million. This, in turn, is likely to increase the demand for MIBC.

  • The factors driving the building and construction industry are the ever-increasing population, rapid urbanization, as well as the rise in purchasing power. As a result of the aforementioned factors, investments in infrastructure are being made, and are included in plans.

Methyl Isobutyl Carbinol (MIBC) Market - Segmentation Trends

China to Dominate the Asia-Pacific Market

  • China is the largest producer of various metals, such as coal, gold, steel, etc. Infrastructure-driven growth in Asia has resulted in a significant increase in demand for commodities, like iron ore, copper, and coal.

  • Increasing demand for such commodities from the construction industry has been driving the growth of mining industry in China.

  • China’s construction industry developing rapidly, due to the central government’s push for infrastructure investment, to sustain economic growth.

  • The increasing number of mining operations and upcoming government projects in China are providing a lucrative opportunity for the growth of the market in the future.

  • Aforementioned factors are expected to increase the demand of Methyl Isobutyl Carbinol (MICB) in the forecast period.

Methyl Isobutyl Carbinol (MIBC) Market - Regional Trends

Competitive Landscape

The methyl isobutyl carbinol (MICB) market is fragmented. The major companies include BASF SE, Mitsui Chemicals Inc., Dow, AkzoNobel NV, and Celanese Corporation, among others.

Methyl Isobutyl Carbinol (MIBC) Market - Market Concnetration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Surging Demand for Frothers in Copper and Molybdenum Sulfide Ores

      2. 4.1.2 Increasing Demand for Surface Coating Applications

    2. 4.2 Restraints

      1. 4.2.1 Growing Awareness about Toxic Effects of MIBC

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

    6. 4.6 Patent Analysis

    7. 4.7 Trade Analysis

    8. 4.8 Price Trends

    9. 4.9 Upcoming Projects

    10. 4.10 Regulatory Policy Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Plasticizers

      2. 5.1.2 Frothers

      3. 5.1.3 Corrosion Inhibitors

      4. 5.1.4 Lube oils and Hydraulic Fluids

      5. 5.1.5 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Construction

      2. 5.2.2 Mining

      3. 5.2.3 Automobile

      4. 5.2.4 Rubber

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel NV

      2. 6.4.2 Arkema Group

      3. 6.4.3 BASF SE

      4. 6.4.4 Celanese Corporation

      5. 6.4.5 Cetex Petrochemicals

      6. 6.4.6 Dow

      7. 6.4.7 Eastman Chemical Company

      8. 6.4.8 EVONIK

      9. 6.4.9 Hubei Jusheng Technology Co. Ltd

      10. 6.4.10 LG Chem

      11. 6.4.11 Mitsubishi Chemical Corporation

      12. 6.4.12 Mitsui Chemicals Inc.

      13. 6.4.13 Monument Chemical

      14. 6.4.14 Rhodia

      15. 6.4.15 Sumitomo Chemical Co. Ltd

      16. 6.4.16 TORAY INDUSTRIES INC.

      17. 6.4.17 WEIFANG YI HUA CHEMICAL CO. LTD

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Upcoming Mining Operations in Latin America

**Subject to Availability

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Frequently Asked Questions

The Methyl Isobutyl Carbinol (MIBC) Market market is studied from 2016 - 2026.

The Methyl Isobutyl Carbinol (MIBC) Market is growing at a CAGR of <3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, Eastman Chemical Company, Dow, AkzoNobel NV, Celanese Corporation are the major companies operating in Methyl Isobutyl Carbinol (MIBC) Market.

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