Market Size of Methyl Isobutyl Carbinol (MIBC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players_Market-_Key_Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Methyl Isobutyl Carbinol Market Analysis
The market for methyl isobutyl carbinol (MIBC) is expected to register a CAGR over 3% during the forecast period.
- COVID-19 negatively impacted the demand for methyl isobutyl carbinol. The pandemic caused a decline in the manufacturing of plasticizers, frothers, corrosion inhibitors, lubrication oils, and hydraulic fluids, which in turn reduced the market for chemicals such as methyl isobutyl carbinol (MIBC). MIBC is used in a variety of end-user sectors.
- One of the major factors driving the market is the surging demand for frothers in copper and molybdenum sulfide ores. The increasing demand for surface coating applications will also likely drive the market forward. On the flip side, the toxic effects of MIBC are hindering the growth of the market studied.
- Upcoming mining operations in Latin America are expected to act as opportunities for market growth. The Asia-Pacific region is expected to witness the highest growth rate and is set to dominate the global market during the forecast period.
