이소부탄 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of isobutane Market

The global isobutane market continues to expand due to rising demand from refrigeration, aerosol, and petrochemical industries. According to the latest industry assessment, the isobutane market size reached USD 20.18 billion in 2024, is projected to grow to USD 21.15 billion in 2025, and is expected to reach USD 30.39 billion by 2032, exhibiting a CAGR of 5.3% from 2025-2032. As of 2024, Asia Pacific dominated the market with a 39.59% share, driven by rapid industrial development and rising consumption of refrigerants, personal care aerosols, and petrochemical feedstocks.

Isobutane (2-methylpropane) is a widely used gaseous hydrocarbon with applications as a refrigerant (R-600a), aerosol propellant, and petrochemical feedstock. Its environmentally favorable characteristics-low global warming potential and zero ozone depletion potential-make it a preferred substitute for high-GWP substances. In refrigeration systems, particularly household appliances, isobutane continues to replace traditional HFC-based refrigerants. In petrochemicals, it is a vital feedstock for isobutylene, alkylates, and MTBE, which in turn support synthetic rubber, gasoline blending, and other chemical processes. Leading market participants include ExxonMobil, Chevron, Sinopec, Air Liquide, and Shell Plc, all investing heavily in production optimization and sustainable alternatives.

Market Dynamics

Key Drivers

One of the major drivers is the global shift toward eco-friendly refrigerants. As regulations such as the Montreal Protocol and Kigali Amendment phase out harmful refrigerants, industries are transitioning to natural, low-GWP alternatives such as isobutane. Its adoption in residential refrigerators, commercial cooling systems, and industrial refrigeration has increased steadily, driven by energy efficiency targets and compliance mandates. Additionally, government incentives for natural refrigerants further support market growth.

Rapid expansion in the petrochemical sector also fuels demand. Isobutane is used to produce isobutylene, essential for MTBE and high-octane gasoline alkylates. These chemicals are critical for automotive fuel performance, especially in emerging economies. Industrial development in China and India continues to strengthen consumption across refining, lubricants, and synthetic rubber industries.

The aerosol industry is another strong demand center. Isobutane's stability, low toxicity, and cost-effectiveness make it a preferred propellant in deodorants, household cleaners, air fresheners, and insecticides. Rising hygiene awareness post-COVID-19 further accelerated aerosol-based product demand.

Market Restraints

The market faces challenges due to volatility in crude oil and natural gas prices, which directly affect production costs. Supply disruptions from geopolitical tensions or OPEC output decisions can cause price fluctuations, impacting profitability for producers and end users. Additionally, the highly flammable nature of isobutane has resulted in strict safety regulations that increase operational costs for storage, transportation, and handling.

Market Opportunities

Growing interest in bio-based isobutane presents new opportunities. With global sustainability goals gaining momentum, industries are adopting renewable feedstocks for cleaner and greener production. Biotechnology advancements now allow fermentation of renewable materials to produce bio-isobutane, which reduces emissions and aligns with environmental policies. Consumer awareness of eco-friendly products, especially in personal care and pharmaceuticals, further supports this transition.

Market Challenges

Isobutane's flammability requires enhanced safety systems such as advanced leak detection, fire suppression equipment, and specialized storage solutions. Compliance with EPA and EU F-Gas regulations also limits market expansion in certain applications and promotes the search for alternatives, adding uncertainty for producers.

Regional Outlook

Asia Pacific

Asia Pacific generated USD 7.99 billion in 2024, remaining the largest regional market. Strong growth across China, India, and Japan-driven by petrochemical expansion, refrigeration demand, and aerosol consumption-ensures long-term dominance.

North America

North America's growth is fueled by the U.S. EPA's HFC phase-out, petrochemical expansion, and advancements in refining technologies. The region's rising LPG usage and high-octane fuel demand also strengthen consumption.

Europe

Europe's market benefits from EU F-Gas regulations, encouraging the adoption of low-GWP refrigerants and increased use of polyurethane foam blowing agents in automotive and construction sectors.

Latin America & Middle East/Africa

Latin America shows demand growth in automotive refrigerants, while the Middle East benefits from abundant natural gas reserves and rising petrochemical investments. Africa is emerging with growing industrial activity.

Conclusion

With the market rising from USD 20.18 billion in 2024 to USD 30.39 billion by 2032, isobutane remains a critical industrial material in refrigeration, petrochemicals, and aerosols. Environmental regulations, technological innovation, and expanding industrial sectors ensure strong global demand through 2032.

Segmentation By Source

• Natural Gas Processing
• Petroleum Refinery

By Grade

• Technical Grade
• Pure Grade
• Instrument Grade
• Others

By Application

• Refrigerant
• Propellant
• Solvent
• Others

By Region

• North America (By Source, By Grade, By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Source, By Grade, By Application, By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Source, By Grade, By Application, By Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • ASEAN (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Source, By Grade, By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Source, By Grade, By Application, By Country)
  • Saudi Arabia (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Market Trends
• 4.2. Insights on Sustainability
• 4.3. Latest Technological Advancement
• 4.4. Porter's Five Forces Analysis
• 4.5. Insights on the Impact of COVID-19 on the Market

5. Global Isobutane Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings
• 5.2. By Source
  • 5.2.1. Natural Gas Processing
  • 5.2.2. Petroleum Refinery
• 5.3. By Grade
  • 5.3.1. Technical Grade
  • 5.3.2. Pure Grade
  • 5.3.3. Instrument Grade
  • 5.3.4. Others
• 5.4. By Application
  • 5.4.1. Refrigerant
  • 5.4.2. Propellant
  • 5.4.3. Solvent
  • 5.4.4. Others
• 5.5. By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Latin America
  • 5.5.5. Middle East & Africa

6. North America Isobutane Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings
• 6.2. By Source
  • 6.2.1. Natural Gas Processing
  • 6.2.2. Petroleum Refinery
• 6.3. By Grade
  • 6.3.1. Technical Grade
  • 6.3.2. Pure Grade
  • 6.3.3. Instrument Grade
  • 6.3.4. Others
• 6.4. By Application
  • 6.4.1. Refrigerant
  • 6.4.2. Propellant
  • 6.4.3. Solvent
  • 6.4.4. Others
• 6.5. By Country
  • 6.5.1. U.S.
    • 6.5.1.1. By Application
      • 6.5.1.1.1. Refrigerant
      • 6.5.1.1.2. Propellant
      • 6.5.1.1.3. Solvent
      • 6.5.1.1.4. Others
  • 6.5.2. Canada
    • 6.5.2.1. By Application
      • 6.5.2.1.1. Refrigerant
      • 6.5.2.1.2. Propellant
      • 6.5.2.1.3. Solvent
      • 6.5.2.1.4. Others

7. Europe Isobutane Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings
• 7.2. By Source
  • 7.2.1. Natural Gas Processing
  • 7.2.2. Petroleum Refinery
• 7.3. By Grade
  • 7.3.1. Technical Grade
  • 7.3.2. Pure Grade
  • 7.3.3. Instrument Grade
  • 7.3.4. Others
• 7.4. By Application
  • 7.4.1. Refrigerant
  • 7.4.2. Propellant
  • 7.4.3. Solvent
  • 7.4.4. Others
• 7.5. By Country
  • 7.5.1. Germany
    • 7.5.1.1. By Application
      • 7.5.1.1.1. Refrigerant
      • 7.5.1.1.2. Propellant
      • 7.5.1.1.3. Solvent
      • 7.5.1.1.4. Others
  • 7.5.2. U.K.
    • 7.5.2.1. By Application
      • 7.5.2.1.1. Refrigerant
      • 7.5.2.1.2. Propellant
      • 7.5.2.1.3. Solvent
      • 7.5.2.1.4. Others
  • 7.5.3. France
    • 7.5.3.1. By Application
      • 7.5.3.1.1. Refrigerant
      • 7.5.3.1.2. Propellant
      • 7.5.3.1.3. Solvent
      • 7.5.3.1.4. Others
  • 7.5.4. Italy
    • 7.5.4.1. By Application
      • 7.5.4.1.1. Refrigerant
      • 7.5.4.1.2. Propellant
      • 7.5.4.1.3. Solvent
      • 7.5.4.1.4. Others
  • 7.5.5. Rest of Europe
    • 7.5.5.1. By Application
      • 7.5.5.1.1. Refrigerant
      • 7.5.5.1.2. Propellant
      • 7.5.5.1.3. Solvent
      • 7.5.5.1.4. Others

8. Asia Pacific Isobutane Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings
• 8.2. By Source
  • 8.2.1. Natural Gas Processing
  • 8.2.2. Petroleum Refinery
• 8.3. By Grade
  • 8.3.1. Technical Grade
  • 8.3.2. Pure Grade
  • 8.3.3. Instrument Grade
  • 8.3.4. Others
• 8.4. By Application
  • 8.4.1. Refrigerant
  • 8.4.2. Propellant
  • 8.4.3. Solvent
  • 8.4.4. Others
• 8.5. By Country
  • 8.5.1. China
    • 8.5.1.1. By Application
      • 8.5.1.1.1. Refrigerant
      • 8.5.1.1.2. Propellant
      • 8.5.1.1.3. Solvent
      • 8.5.1.1.4. Others
  • 8.5.2. Japan
    • 8.5.2.1. By Application
      • 8.5.2.1.1. Refrigerant
      • 8.5.2.1.2. Propellant
      • 8.5.2.1.3. Solvent
      • 8.5.2.1.4. Others
  • 8.5.3. India
    • 8.5.3.1. By Application
      • 8.5.3.1.1. Refrigerant
      • 8.5.3.1.2. Propellant
      • 8.5.3.1.3. Solvent
      • 8.5.3.1.4. Others
  • 8.5.4. ASEAN
    • 8.5.4.1. By Application
      • 8.5.4.1.1. Refrigerant
      • 8.5.4.1.2. Propellant
      • 8.5.4.1.3. Solvent
      • 8.5.4.1.4. Others
  • 8.5.5. Rest of Asia Pacific
    • 8.5.5.1. By Application
      • 8.5.5.1.1. Refrigerant
      • 8.5.5.1.2. Propellant
      • 8.5.5.1.3. Solvent
      • 8.5.5.1.4. Others

9. Latin America Isobutane Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings
• 9.2. By Source
  • 9.2.1. Natural Gas Processing
  • 9.2.2. Petroleum Refinery
• 9.3. By Grade
  • 9.3.1. Technical Grade
  • 9.3.2. Pure Grade
  • 9.3.3. Instrument Grade
  • 9.3.4. Others
• 9.4. By Application
  • 9.4.1. Refrigerant
  • 9.4.2. Propellant
  • 9.4.3. Solvent
  • 9.4.4. Others
• 9.5. By Country
  • 9.5.1. Brazil
    • 9.5.1.1. By Application
      • 9.5.1.1.1. Refrigerant
      • 9.5.1.1.2. Propellant
      • 9.5.1.1.3. Solvent
      • 9.5.1.1.4. Others
  • 9.5.2. Mexico
    • 9.5.2.1. By Application
      • 9.5.2.1.1. Refrigerant
      • 9.5.2.1.2. Propellant
      • 9.5.2.1.3. Solvent
      • 9.5.2.1.4. Others
  • 9.5.3. Rest of Latin America
    • 9.5.3.1. By Application
      • 9.5.3.1.1. Refrigerant
      • 9.5.3.1.2. Propellant
      • 9.5.3.1.3. Solvent
      • 9.5.3.1.4. Others

10. Middle East & Africa Isobutane Market Analysis, Insights and Forecast, 2019-2032

• 10.1. Key Findings
• 10.2. By Source
  • 10.2.1. Natural Gas Processing
  • 10.2.2. Petroleum Refinery
• 10.3. By Grade
  • 10.3.1. Technical Grade
  • 10.3.2. Pure Grade
  • 10.3.3. Instrument Grade
  • 10.3.4. Others
• 10.4. By Application
  • 10.4.1. Refrigerant
  • 10.4.2. Propellant
  • 10.4.3. Solvent
  • 10.4.4. Others
• 10.5. By Country
  • 10.5.1. Saudi Arabia
    • 10.5.1.1. By Application
      • 10.5.1.1.1. Refrigerant
      • 10.5.1.1.2. Propellant
      • 10.5.1.1.3. Solvent
      • 10.5.1.1.4. Others
  • 10.5.2. South Africa
    • 10.5.2.1. By Application
      • 10.5.2.1.1. Refrigerant
      • 10.5.2.1.2. Propellant
      • 10.5.2.1.3. Solvent
      • 10.5.2.1.4. Others
  • 10.5.3. Rest of Middle East & Africa
    • 10.5.3.1. By Application
      • 10.5.3.1.1. Refrigerant
      • 10.5.3.1.2. Propellant
      • 10.5.3.1.3. Solvent
      • 10.5.3.1.4. Others

11. Competitive Analysis

• 11.1. Company Market Ranking Analysis, By Key Players, 2024
• 11.2. Company Profiles
  • 11.2.1. AIR LIQUIDE
    • 11.2.1.1. Overview
    • 11.2.1.2. Products & services
    • 11.2.1.3. SWOT Analysis
    • 11.2.1.4. Recent Developments
    • 11.2.1.5. Strategies
    • 11.2.1.6. Financials (Based on Availability)
  • 11.2.2. YEOCHUN NCC CO., LTD.
    • 11.2.2.1. Overview
    • 11.2.2.2. Products & services
    • 11.2.2.3. SWOT Analysis
    • 11.2.2.4. Recent Developments
    • 11.2.2.5. Strategies
    • 11.2.2.6. Financials (Based on Availability)
  • 11.2.3. Mitsui Chemicals India Pvt. Ltd.
    • 11.2.3.1. Overview
    • 11.2.3.2. Products & services
    • 11.2.3.3. SWOT Analysis
    • 11.2.3.4. Recent Developments
    • 11.2.3.5. Strategies
    • 11.2.3.6. Financials (Based on Availability)
  • 11.2.4. The TotalEnergies Company
    • 11.2.4.1. Overview
    • 11.2.4.2. Products & services
    • 11.2.4.3. SWOT Analysis
    • 11.2.4.4. Recent Developments
    • 11.2.4.5. Strategies
    • 11.2.4.6. Financials (Based on Availability)
  • 11.2.5. Linde LLC
    • 11.2.5.1. Overview
    • 11.2.5.2. Products & services
    • 11.2.5.3. SWOT Analysis
    • 11.2.5.4. Recent Developments
    • 11.2.5.5. Strategies
    • 11.2.5.6. Financials (Based on Availability)
  • 11.2.6. Exxon Mobil Corporation
    • 11.2.6.1. Overview
    • 11.2.6.2. Products & services
    • 11.2.6.3. SWOT Analysis
    • 11.2.6.4. Recent Developments
    • 11.2.6.5. Strategies
    • 11.2.6.6. Financials (Based on Availability)
  • 11.2.7. Evonik
    • 11.2.7.1. Overview
    • 11.2.7.2. Products & services
    • 11.2.7.3. SWOT Analysis
    • 11.2.7.4. Recent Developments
    • 11.2.7.5. Strategies
    • 11.2.7.6. Financials (Based on Availability)
  • 11.2.8. Valero
    • 11.2.8.1. Overview
    • 11.2.8.2. Products & services
    • 11.2.8.3. SWOT Analysis
    • 11.2.8.4. Recent Developments
    • 11.2.8.5. Strategies
    • 11.2.8.6. Financials (Based on Availability)
  • 11.2.9. MATHESON TRI-GAS, INC.
    • 11.2.9.1. Overview
    • 11.2.9.2. Products & services
    • 11.2.9.3. SWOT Analysis
    • 11.2.9.4. Recent Developments
    • 11.2.9.5. Strategies
    • 11.2.9.6. Financials (Based on Availability)
  • 11.2.10. Vernigastech
    • 11.2.10.1. Overview
    • 11.2.10.2. Products & services
    • 11.2.10.3. SWOT Analysis
    • 11.2.10.4. Recent Developments
    • 11.2.10.5. Strategies
    • 11.2.10.6. Financials (Based on Availability)

12. Strategic Recommendations