2-Methylpropene Market Report: Trends, Forecast and Competitive Analysis to 2030

2-Methylpropene Trends and Forecast

The future of the global 2-methylpropene market looks promising with opportunities in the rubber manufacturing, pharmaceutical, fuel and lubricant, and adhesives and sealant markets. The global 2-methylpropene market is expected to reach an estimated $40.7 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are the growing use of rubber goods, lubricant additives, and gasoline in automobile and aviation sectors, growth in 2-methylpropene output based on biofuel, as well as, increasing construction and infrastructure development initiatives in developing countries.

A more than 150-page report is developed to help in your business decisions.

2-Methylpropene by Segment

The study includes a forecast for the global 2-methylpropene by product type, application, and region.

2-Methylpropene Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Butyl Rubber
• Polyisobutylene
• MMA Monomer
• Isooctane
• Others

2-Methylpropene Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Rubber Manufacturing
• Pharmaceuticals
• Fuel and Lubricants
• Adhesives and Sealants
• Others

2-Methylpropene Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of 2-Methylpropene Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 2-methylpropene companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 2-methylpropene companies profiled in this report include-

• BASF
• Evonik Industries
• TPC
• Chevron Phillips Chemical Company
• LyondellBasel
• Sumitomo Chemical
• Songwon
• Shandong Yuhuang Chemical
• Zibo Qixiang Petrochemical
• Heilongjiang Anruijia Petrochemical

2-Methylpropene Market Insights

Lucintel forecasts that polyisobutylene will remain the largest segment over the forecast period.

APAC will remain the largest region over the forecast period due to growth in the need for chemical and automotive manufacture in the emerging APAC nations, particularly in China, India, and other Southeast Asian nations.

Features of the Global 2-Methylpropene Market

Market Size Estimates: 2-methylpropene market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: 2-methylpropene market size by product type, application, and region in terms of value ($B).

Regional Analysis: 2-methylpropene market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the 2-methylpropene market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 2-methylpropene market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the 2-methylpropene market size?

Answer: The global 2-methylpropene market is expected to reach an estimated $40.7 billion by 2030.

Q2. What is the growth forecast for 2-methylpropene market?

Answer: The global 2-methylpropene market is expected to grow with a CAGR of 6.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the 2-methylpropene market?

Answer: The major drivers for this market are the growing use of rubber goods, lubricant additives, and gasoline in automobile and aviation sectors, growth in 2-methylpropene output based on biofuel, as well as, increasing construction and infrastructure development initiatives in developing countries.

Q4. What are the major segments for 2-methylpropene market?

Answer: The future of the global 2-methylpropene market looks promising with opportunities in the rubber manufacturing, pharmaceutical, fuel and lubricant, and adhesives and sealant markets.

Q5. Who are the key 2-methylpropene market companies?

Answer: Some of the key 2-methylpropene companies are as follows.

• BASF
• Evonik Industries
• TPC
• Chevron Phillips Chemical Company
• LyondellBasel
• Sumitomo Chemical
• Songwon
• Shandong Yuhuang Chemical
• Zibo Qixiang Petrochemical
• Heilongjiang Anruijia Petrochemical

Q6. Which 2-methylpropene market segment will be the largest in future?

Answer: Lucintel forecasts that polyisobutylene will remain the largest segment over the forecast period.

Q7. In 2-methylpropene market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growth in the need for chemical and automotive manufacture in the emerging APAC nations, particularly in China, India, and other Southeast Asian nations.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the 2-methylpropene market by product type (butyl rubber, polyisobutylene, MMA monomer, isooctane, and others), application (rubber manufacturing, pharmaceuticals, fuel and lubricants, adhesives and sealants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?