Methyl Isobutyl Carbinol (MIBC) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3435
Methyl Isobutyl Carbinol (MIBC) Market size may have a steady growth over the forecast timeframe as the product is used as a floatation frother for treating minerals like coal, copper ore and molybdenum sulphide ore. The growth of mining industry may foster methyl isobutyl carbinol market.
Methyl isobutyl carbinol is a colorless, clear branched hexyl alcohol, it is moderately soluble in water and miscible in most of the organic solvents. It is utilized as a solvent in organic synthesis, manufacturing of brake fluid and precursor to some of the plasticizers.
By application global MIBC market is categorized into four segments including lubes oil and hydraulic fluids, painting and coating, mining and plasticizers. The product application for mining contributes a significant share owing to increasing demand of metal. Lubes oil additives is another major application area of MIBC owing to growth in automobile sector followed by product application in coating, painting and plasticizers.
Increasing demand for automotive sector owing to rapid urbanization and increasing purchase parity may result in growth of lubrication additive oil market. The lubrication oil additives market accounted at over USD 15 billion in 2017. Methyl isobutyl carbonate is primarily used in the synthesis of lubrication additive oil. The increase in demand for lubes oil additives will drive the product demand.
Refined copper consumption may increase owing to growing demand of power sector and rise in the production of electric vehicles. The global market for copper accounted at over 23.6 million tons in 2018. Methyl isobutyl carbinol is used as a floatation frother for refining process of copper ore, which may drive the methyl isobutyl carbinol market.
Methyl isobutyl carbinol is also used as a floatation froth for Molybdenum. Superior properties of molybdenum include durability, corrosion resistance and strength owing to which it is used in steel manufacturing. The global demand for steel accounts for 1,660 metric tons in 2018.The increase in demand of steel owing to growth of construction and real estate business will results in increased demand of molybdenum and will eventually drives the methyl isobutyl carbinol (MIBC) market.
The global market for plasticizers was accounted at over USD 13 billion in 2018. MIBC is utilized as a raw material in the production of methyl amyl phthalate and methyl amyl sebacate, which are utilized as plasticizers. Increasing demand for plasticizers for various applications like cables/wires, flooring and wall, film and sheet coverings, consumer goods, coated fabrics, and other applications, may stimulate the product demand.
North America methyl isobutyl carbinol market demand led by the U.S and Canada should witness a significant growth during forecasted period owing to growth in automobile sector. Automobiles sales in the U.S. was at over 17 million units in 2018 which has increased the demand for lubricants. U.S. accounts for over 2.4 billion gallon of lubricants in 2018. Growing demand for lubricants may drive the demand for lubrication oil additives as MIBC is used in manufacturing of lubes oil additives, which may foster regional methyl isobutyl carbinol (MIBC) market growth.
Europe driven by France, Italy, UK, and Germany methyl isobutyl carbinol market size may witness moderate growth during forecasted period. Europe copper demand accounted for over 4 million tons in 2018. The increase in demand of copper and other metals owing to growth in automobile sector specially the significant rise in electric vehicle and growth in power sector will boost the regional product growth.
Asia Pacific methyl isobutyl carbinol (MIBC) market demand led by China, India and Japan may see a significant growth. In 2018, PVC market accounted at over 19 million tons in China. Rapid urbanization and government push for infrastructural improvement resulted in growing demand of PVC. MIBC is added to PVC to increase its plasticity and flexibility therefore increasing demand for PVC may drive regional MIBC demand.
Global methyl isobutyl carbinol market share is fragmented as market consist of several significant players. Companies like BASF SE, Toray Industries, Shell Chemicals, Celanese Corporation, Dow Chemical and Mitsui Chemicals are key players in this market.
By Application, 2014-2025 (Tons) (USD Million)
- Lube oils and Hydraulic Fluids
By End-Use, 2014-2025 (Tons) (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- BASF SE
- Toray Industries
- Shell Chemicals
- Celanese Corporation
- Dow Chemical
- Mitsui Chemicals
- AkzoNobel NV
- Eastman Chemical Company
- LG Chem
- Sumitomo Chemical
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