The global isobutane market is expected to reach US$34 billion by 2026, according to a new report by Reports and Data. Isobutane is a colourless gas with a slight petroleum-like odour; it is very inflammable and denser than air. Among the five NGLs, isobutane has a distinctive place in the market. Isobutane is produced from gas processing plants and refineries and is also the only NGL purposely produced from another NGL – n-butane.
Isobutane is principally used in refineries as a gasoline – petrol – additive. It is processed to make alkylate through alkylation. It also produces isooctane, a high octane gasoline constituent, which increases the octane rating and anti-knock characteristics of gasoline. This extensive implementation of isobutane in refineries and petrochemical plants is forecasted to drive the market growth.
Cold chain markets where temperature control is vital throughout the supply chain, seek the application of isobutane as a refrigerant. With a consistent rise in the cold chain market, there would be an increased demand for isobutane in the forecast period.
Factors that may acts a restraint to the market growth are the inflammable nature of isobutane and the related safety issues.
The market for isobutane in the Asia Pacific region is projected to observe the highest growth rate owing to an increase in the petroleum refineries and petrochemical plants especially in countries like China and India. The market demand is this region is also attributed to the surging demand of isobutane as refrigerants and aerosol propellants in various other industries.
Read the article online at: https://www.hydrocarbonengineering.com/refining/26032019/healthy-isobutane-market-growth-forecast/