Bio-lubricants Market End-use Industry, By Others
Global High Purity Isobutylene (HPIB) market [2015-2023] by Asia Pacific
By Asia Pacific, the market is segmented into Asia Pacific, China, Indonesia, India, Japan, Malaysia, Thailand, Rest of Asia Pacific, and Australia and New Zealand (2015-2023)
| Label | Asia Pacific | China | Indonesia | India | Japan | Malaysia | Thailand | Rest of Asia Pacific | Australia and New Zealand |
|---|---|---|---|---|---|---|---|---|---|
| 2015 | 2360.90 USD Mn | 815 USD Mn | 213.4 USD Mn | 305.2 USD Mn | 407.3 USD Mn | 167 USD Mn | 259.7 USD Mn | 72.3 USD Mn | 121 USD Mn |
| 2016 | 2536.70 USD Mn | 887.9 USD Mn | 228.3 USD Mn | 329.8 USD Mn | 431.2 USD Mn | 177.6 USD Mn | 279 USD Mn | 76.1 USD Mn | 126.8 USD Mn |
| 2017 | 2726.90 USD Mn | 967.3 USD Mn | 244.4 USD Mn | 356.5 USD Mn | 456.8 USD Mn | 188.9 USD Mn | 300 USD Mn | 80.1 USD Mn | 133 USD Mn |
| 2018 | 2937.50 USD Mn | 1055.50 USD Mn | 262.1 USD Mn | 386.1 USD Mn | 484.8 USD Mn | 201.3 USD Mn | 323.2 USD Mn | 84.5 USD Mn | 139.8 USD Mn |
| 2019 | 3170.50 USD Mn | 1153.70 USD Mn | 281.7 USD Mn | 419 USD Mn | 515.6 USD Mn | 215 USD Mn | 348.9 USD Mn | 89.3 USD Mn | 147.2 USD Mn |
| 2020 | 3425.00 USD Mn | 1261.50 USD Mn | 303.1 USD Mn | 455.2 USD Mn | 548.9 USD Mn | 229.8 USD Mn | 377 USD Mn | 94.4 USD Mn | 155.1 USD Mn |
| 2021 | 3716.20 USD Mn | 1384.90 USD Mn | 327.4 USD Mn | 496.6 USD Mn | 586.8 USD Mn | 246.8 USD Mn | 409.2 USD Mn | 100.3 USD Mn | 164.2 USD Mn |
| 2022 | 4032.80 USD Mn | 1520.10 USD Mn | 353.8 USD Mn | 541.9 USD Mn | 627.5 USD Mn | 265 USD Mn | 444.1 USD Mn | 106.6 USD Mn | 173.8 USD Mn |
| 2023 | 4377.10 USD Mn | 1668.20 USD Mn | 382.4 USD Mn | 591.4 USD Mn | 671.1 USD Mn | 284.6 USD Mn | 482.1 USD Mn | 113.3 USD Mn | 184.1 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2017 in the Asia Pacific high purity isobutylene (hpib) market, and is expected to reach USD 1668.20 Million in 2023 from USD 967.30 Million in 2017.This market is projected to grow at a CAGR of 9.59% during the forecast period from 2018 - 2023. mtbe decomposition method segment accounted for the largest market share in 2017, this market is expected to reach USD 1551.20 Million in 2023 from USD 996.20 Million in 2017. This market is projected to grow at a CAGR of 7.75% during the forecast period from 2018 - 2023. However, c4 fraction separation method segment is the fastest growing market, which is expected to grow at a CAGR of 9.23% during the forecast period 2018 - 2023. butyl rubber segment accounted for the largest market share in 2017, this market is expected to reach USD 1839.60 Million in 2023 from USD 1085.10 Million in 2017. This market is projected to grow at a CAGR of 9.28% during the forecast period from 2018 - 2023. However, butyl rubber segment is the fastest growing market, which is expected to grow at a CAGR of 9.28% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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