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

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, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for methyl isobutyl carbinol (MIBC) in terms of revenue (USD million) for all the above segments.

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Market Snapshot

Methyl Isobutyl Carbinol Market Size
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %
Methyl Isobutyl Carbinol Market Major Players

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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.

The COVID-19 pandemic negatively affected the demand for methyl isobutyl carbinol (MIBC) in 2021. The COVID-19 pandemic has brought a downturn in the production of plasticizers, frothers, corrosion inhibitors, lube oils, and hydraulic fluids, leading to the decrease in demand for chemicals such as methyl isobutyl carbinol (MIBC) used in various end-user industries.

  • Upcoming mining operations in Latin America are expected to act as opportunities in the market studied.
  • The Asia-Pacific region is expected to witness the highest growth rate and is set to dominate the global market in the forecast period (2022-2027).
  • On the flip side, the toxic effects of MIBC are hindering the growth of the market studied.

Scope of the Report

The methyl isobutyl carbinol (MIBC) market report segmentation includes Application, End-user Industry, and Geography. By application, the market is segmented by Plasticizers, Frothers, Corrosion Inhibitors, Lube Oils and Hydraulic Fluids, and Other Applications. In terms of end-user industry, the segmentation includes Construction, Mining, Automobile, Rubber, and Other End-user Industries. The report also covers the market size and forecasts for the market in 15 countries across major regions. The report offers market size and forecasts for methyl isobutyl carbinol (MIBC) in terms of revenue (USD million) for all the above segments.

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

  • Methyl isobutyl carbinol (MIBC) is used as a raw material in manufacturing methyl amyl sebacate and methyl amyl phthalate, which are used as plasticizers. MIBC is used as a precursor to some plasticizers.
  • Plasticizers are widely used in various applications, such as flooring and wall, film and sheet coverings, wires and cables, coated fabrics, and automotive interiors.
  • MIBC has major applications in paints and surface coatings in the construction industry. Currently, the building and construction industry is a thriving industry in several emerging economies of the Asia-Pacific and South American region, which is expected to drive the usage of the MIBC market.
  • The global construction market is anticipated to expand by over 70% by 2030, increasing the demand for methyl isobutyl carbinol.
  • For instance, President Joe Biden’s coronavirus relief package is believed to spearhead the US construction output after 2021. The USD 1.9 trillion stimuli are expected to raise infrastructure spending, especially with other relief plans focusing on clean energy and transportation. This, in turn, is likely to increase the demand for MIBC.
  • The factors driving the building and construction industry are the ever-increasing populations, rapid urbanization, and rising purchasing power. As a result of the factors mentioned above, investments in infrastructure are being made and included in plans.
Methyl Isobutyl Carbinol Market Share

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 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 the mining industry in China.
  • China's construction industry is developing rapidly due to the 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 market's growth in the future.
  • However, the economy looks shaky as the country is dealing with the Evergrande crisis (the company had USD 300 billion of liabilities alone as of June 2021). A full-fledged Chinese financial crisis and a recession can not be ruled out.
  • The factors mentioned above are expected to impact the demand for Methyl Isobutyl Carbinol (MICB) in the forecast period.
Methyl Isobutyl Carbinol Market Analysis

Competitive Landscape

The methyl isobutyl carbinol (MICB) market is fragmented. The major companies include (not in any particular order) BASF SE, Mitsui Chemicals Inc., Dow, AkzoNobel NV, and Celanese Corporation.

BASF SE, Mitsui Chemicals Inc., Dow, AkzoNobel NV, and Celanese Corporation.

Recent Developments

The recent developments pertaining to the major players in the market are being covered in the complete study.

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 the 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

  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(%)**/Ranking 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 Sumitomo Chemical Co. Ltd

      15. 6.4.15 TORAY INDUSTRIES INC.

      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 2017 - 2027.

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 2021.

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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