Methyl Isobutyl Carbinol Market Size
| 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 |
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.
Methyl Isobutyl Carbinol Market Trends
This section covers the major market trends shaping the Methyl Isobutyl Carbinol Market according to our research experts:
Mining Industry to Dominate the Market
- Methyl isobutyl carbinol is branched hexyl alcohol, an organic chemical compound that is used as plasticizers, hydraulic fluids, frothers, and corrosion inhibitors in various applications. Methyl isobutyl carbinol is used as a frother in the flotation process in the mining of ores, such as copper and molybdenum sulfide, as well as coal.
- Froth flotation is an important concentration process that can be used to selectively separate hydrophobic materials from hydrophilic waste gangue. Froth flotation is one of the most popular operational processes for mineral beneficiation and is helpful for separating a wide range of sulfides, carbonates, and oxides before further refining. Methyl isobutyl carbinol absorbs at the water-air interface, assists in bubble formation, and stabilizes flotation froths. Short-chain aliphatic alcohols and polyglycols are the two most common forms of frothers today.
- According to the United States Geological Survey, Australia is by far the world's largest iron ore mining country, with a total production of approximately 880 million metric tons in 2022, followed by Brazil (410 million metric tons) and China (380 million metric tons).
- With a production volume of almost 2.6 billion metric tons in 2022, iron ore was one of the most produced mineral commodities worldwide. Iron ore, potash, and copper were the two mineral products that were produced the most globally, with total production amounts of 40 million metric tons and 22 million metric tons, respectively.
- According to the Bureau of Economic Analysis's (BEA) official data, the total value contributed by the mining sector in the United States (excluding oil and gas) in the third quarter of 2022 was approximately USD 69.7 billion, a 12% increase in value over the same period in the previous year. Also, the industry added nearly USD 205.7 billion in value throughout the first three quarters of the year.
- The market for methyl isobutyl carbinol is anticipated to grow during the projected period as a result of the development of mining industry operations around the world and the continuous increase in investment in the aforementioned industry.
China to Dominate the Asis-Pacific Market
- China is the largest producer of various metals, such as coal, gold, steel, etc. Infrastructure-driven growth in Asia, especially in China, 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.
- The government's desire for infrastructure investment to support economic growth has accelerated the development of the construction sector in China. Also, China's expanding mining industry and impending government initiatives are creating a lucrative chance for the market to expand in the future.
- According to the National Bureau of Statistics, China's construction industry is expanding significantly. The fourth quarter of 2022 saw an increase in China's construction output of around 50% over the previous quarter (USD 27.6 billion), reaching an estimated USD 40 billion.
- Moreover, According to US Geological Survey, China will be the third largest country in the production of iron ore mines in 2022 globally, with a total production of 380 million metric tons, just after Australia and Brazil respectively.
- Methyl isobutyl carbinol also serves its purposes in the automobile industry. MIBC is used to produce lube oil additives, which are majorly used in the automobile industry. Thus, increased demand for lube oil additives would positively impact the MIBC market.
- The Chinese automotive manufacturing industry is the largest in the world. According to the China Association of Automobile Manufacturers, in 2022, automotive production in the country reached 27.02 million units, which increased by approximately 3.4%, compared to 26.08 million vehicles produced in 2021.
- The factors mentioned above are expected to impact the demand for Methyl Isobutyl Carbinol (MICB) in the forecast period.
Methyl Isobutyl Carbinol Industry Overview
The methyl isobutyl carbinol (MICB) market is fragmented. The major companies include (not in any particular order) BASF SE, Eastman Chemical Company, Dow, AkzoNobel N.V., and Celanese Corporation, among others.
Methyl Isobutyl Carbinol Market Leaders
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BASF SE
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Eastman Chemical Company
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Dow
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Celanese Corporation
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AkzoNobel N.V.
*Disclaimer: Major Players sorted in no particular order
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Methyl Isobutyl Carbinol Market News
- May 2022: Deepak Nitrite announced its commitment towards a capital investment of INR 1500 crore (USD 201 million) over the next two years in the ongoing capex program for the new upstream/downstream products, including methyl isobutyl carbinol. The commissioning of the project is expected to happen in the first quarter of 2023.
- September 2021: Celanese Corporation, a global chemical and specialty materials company, confirmed a declaration of force majeure for several acetyl chain and acetate tow products to its customers in the Western Hemisphere. The force majeure declaration comes from unanticipated interruptions in raw material supply to the Texas Gulf Coast. The products affected by this uplifting also included methyl isobutyl carbinol.
Methyl Isobutyl Carbinol Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Surging Demand for Frothers in Copper and Molybdenum Sulfide Ores
4.1.2 Increasing Demand for Surface Coating Applications
4.2 Restraints
4.2.1 Growing Awareness about the Toxic Effects of MIBC
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Plasticizers
5.1.2 Frothers
5.1.3 Corrosion Inhibitors
5.1.4 Lube oils and Hydraulic Fluids
5.1.5 Other Applications
5.2 End-user Industry
5.2.1 Construction
5.2.2 Mining
5.2.3 Automobile
5.2.4 Rubber
5.2.5 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.2.4 Rest of North America
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AkzoNobel N.V.
6.4.2 Arkema Group
6.4.3 BASF SE
6.4.4 Celanese Corporation
6.4.5 Cetex Petrochemicals
6.4.6 Deepak Nitrite Ltd.
6.4.7 Dow
6.4.8 Eastman Chemical Company
6.4.9 Evonik Industries AG
6.4.10 Hubei Jusheng Technology Co. Ltd
6.4.11 LG Chem
6.4.12 Mitsubishi Chemical Corporation
6.4.13 Mitsui Chemicals, Inc.
6.4.14 Monument Chemical
6.4.15 Sumitomo Chemical Co., Ltd.
6.4.16 TORAY INDUSTRIES INC.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Upcoming Mining Operations in Latin America
Methyl Isobutyl Carbinol Industry Segmentation
Methyl isobutyl carbinol (MIBC) is a stable, colorless liquid with a mild aroma. It has strong solvent power for cellulose, natural resins, gums, oils, waxes, and other materials, but it can also be employed as a latent solvent in a solvent blend to change performance traits like viscosity and flow.
MIBC market report segmentation includes application, end-user industry, and geography. By application, the market is segmented into plasticizers, frothers, corrosion inhibitors, lube oils and hydraulic fluids, and other applications. In terms of the end-user industry, the segmentation includes construction, mining, automobiles, 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 | |||||||
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Methyl Isobutyl Carbinol Market Research FAQs
What is the current Methyl Isobutyl Carbinol (MIBC) Market size?
The Methyl Isobutyl Carbinol (MIBC) Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Methyl Isobutyl Carbinol (MIBC) Market?
BASF SE, Eastman Chemical Company, Dow, Celanese Corporation and AkzoNobel N.V. are the major companies operating in the Methyl Isobutyl Carbinol (MIBC) Market.
Which is the fastest growing region in Methyl Isobutyl Carbinol (MIBC) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Methyl Isobutyl Carbinol (MIBC) Market?
In 2024, the Asia Pacific accounts for the largest market share in Methyl Isobutyl Carbinol (MIBC) Market.
What years does this Methyl Isobutyl Carbinol (MIBC) Market cover?
The report covers the Methyl Isobutyl Carbinol (MIBC) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Methyl Isobutyl Carbinol (MIBC) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Methyl Isobutyl Carbinol Industry Report
The Methyl Isobutyl Carbinol market is experiencing significant growth, driven by its diverse applications in industries such as construction, mining, automobile, and rubber. The market segmentation includes plasticizers, frothers, corrosion inhibitors, lube oils, hydraulic fluids, and other applications. This industry report provides a comprehensive industry analysis, offering insights into market trends and market growth.
The market forecast indicates a positive industry outlook, with market leaders playing a crucial role in shaping the industry statistics. The market overview highlights the key drivers and challenges faced by the industry, while the market review provides a detailed examination of market data and market value.
The report example includes industry research and industry reports that delve into the market size and market segmentation. The market predictions and market outlook are based on extensive industry research and market data.
The report pdf download offers a detailed market forecast and industry trends, providing valuable industry information for stakeholders. The industry sales and industry size are thoroughly analyzed, giving a clear picture of the market dynamics.
Overall, this industry report is an essential resource for understanding the Methyl Isobutyl Carbinol market, offering insights into market growth, market segmentation, and market value. The research companies involved in this study provide a robust industry analysis, ensuring the accuracy and reliability of the industry statistics and market forecast.
