Isobutane is principally used in refineries as a gasoline – petrol – additive. It is processed to make alkylate through the process of alkylation. It is used to produce 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.
The Global Isobutane Market is expected to reach USD 34.00 Billion by 2026, according to a new report by Reports and Data. Isobutane is a colorless gas with a slight petroleum-like odor. It is very inflammable and is denser than air. Among the five natural gas liquids, 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.
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Major Players Of This Market –
Conoco Phillips, Linde, Praxair Technology, Air Liquide, Shell Trading International Limited, Sirloong, Jinling Petrochemicals, Taiyo Nippon Sanso Corporation, Evonik and Sibur among others.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global isobutane market on the basis of type, grade, application and region:
Type Outlook (Volume, Million Barrels per Day; 2016-2026 and Revenue, USD Million; 2016-2026)
Grade Outlook (Volume, Million Barrels per Day; 2016-2026 and Revenue, USD Million; 2016-2026)
Application Outlook (Volume, Million Barrels per Day; 2016-2026 and Revenue, USD Million; 2016-2026)
Regional Outlook (Volume, Million Barrels per Day; 2016-2026 and Revenue, USD Million; 2016-2026)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/isobutane-market
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