2-Methylpropene Market Research Report and Forecast up to 2024 2-Methylpropene Market - Global Industry Analysis, | Page 2

Products derived from 2-methylpropene include butyl rubber, polyisobutylene, MMA
monomer, isooctane, and MTBE. Butyl rubber is synthetic rubber produced by co-
polymerization of 2-methylpropene with a small amount of isoprene.
Polyisobutylene is a polymer with high molecular weight, it is produced by 2-
methylpropene polymerization. MMA monomer is widely employed in several
applications, ranging from dental prosthetics and bone cements to contact lenses.
Isooctane is used as an octane booster for gasoline and as primary component of
aviation gasoline, (also known as avgas), due to its high antiknock quality. The
feedstock considered for isooctane production is composed of 2-methylpropene and
isopentane, which are produced in refineries through steam cracking of light gas oil.
MTBE is produced by utilizing feedstock such as 2-Methylpropene and methanol in
the ratio of 1.2:1 respectively. Demand for MTBE is stagnant due to implementation
of stringent government regulations, groundwater contamination, health hazards,
and environmental pollution. Other products manufactured from 2-methylpropene
comprise ethyl tert-butyl ether (ETBE) and plastics.
Consumption of gasoline & lubricant additives and rubber products has been
increasing due to growth in the global automotive industry. Rise in demand for 2-
methylpropene in aviation and automobile industries across the globe is anticipated
to drive the 2-methylpropene market during the forecast period. Expansion of
existing production facilities coupled with bio-based production of 2-methylpropene
has been driving the demand for 2-methylpropene-based products and applications
across the globe.
2-Methylpropene Market: Segmentation
The global 2-methylpropene market has been segmented into three categories:
product, application, and region. In terms of product, the 2-methylpropene market
has been classified into the butyl rubber, polyisobutylene, MMA monomer,
Isooctane, MTBE, and others. In terms of application, the 2-methylpropene market
has been classified into rubber manufacturing, pharmaceuticals, fuel & lubricants,
adhesives & sealants, antioxidants, agrochemicals, and others.
In terms of region, the 2-methylpropene market has been segmented into North
America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan,
Middle East & Africa, and Latin America. North America dominates the market in
terms of installed production capacities of 2-methylpropene, however, in terms of
demand, the share of North America is declining due to the bans imposed on the
usage of MTBE in the region. High demand for MTBE in Asia Pacific (excluding Japan)
has resulted in expansion of existing 2-methylpropene production facilities in China.
Demand for 2-methylpropene in Asia Pacific is rising at a higher rate than that in
other regions.
2-Methylpropene Market: Companies Mentioned in the Report