The High Purity Isobutylene Market is projected to travel on an upward trajectory over the next several years.

Over the years, demand for HPIB has increased in regions such as APAC, LatAm and MEA, fast-developing countries. This is attributed largely to these areas being increasingly industrialized. The growth of the automobile industry has had a positive influence on the global HPIB demand in these areas. HIPB is a desirable raw material in the manufacture of automobile rubber. Many of the major players are looking at developing markets to boost their position on the market. Such factors promote growth in the global HPIB market. Moreover, the increased use of isobutylene in the manufacture of gasoline and lubricant additives in part drives global demand. In fuel and lubricant additives, this substance essentially functions as an antioxidant. Methyl tertiary butyl ether (MTBE) decomposition in methanol and isobutylene remains the most common form of high-grade isobutylene processing. At the same time, isobutane dehydrogenation is still commonly used for HPIB development, but due to its environmental effects, the Process has been subject to scrutiny. The advent of bio-based high purity isobutylene has nevertheless produced new opportunities for market players.

Key Companies in the High Purity Isobutylene market include

Zhejiang Shunda New Material Co., Ltd.

Sinopec Beijing Yanshan Company

Honeywell International Inc.

Sumitomo Chemical Co., Ltd

PJSC Nizhnekamskneftekhim

Shandong Chambroad Petrochemicals Co. Ltd.

Zibo Qixiangtengda Chemcial Co., Ltd.

Evonik Industries AG.

TPC Group

Exxon Mobil Corporation

Bioenergies

Lyondell Basell Industries Holdings BV

Tasco Group

Songwon

Saipem SpA

Manufacturers are consciously working on the more efficient methods of development. owing to its cost savings and low energy consumption, a substantial number of manufacturers opt for the C4 fraction separation. For example, companies like Shandong Chambroad Petrochemicals Co. Ltd, Honeywell International Inc., Evonik Industries AG, TPC Group, Tasco Group, among others, are inclined towards the technique of C4 fractional separation.