세계의 고순도 이소부틸렌(HPIB) 시장 분석

The global market for High Purity Isobutylene (HPIB) was valued to be worth about USD 3.8 billion in 2024 and it is expected to expand at a CAGR of 2.4% from 2025 to 2036, reaching an estimated value of around USD 5.0 billion by the conclusion of the forecast period. Butyl Rubber continues to be the largest application area, accounting for nearly half of global HPIB demand. With upcoming investments in downstream sectors such as synthetic rubber and specialty chemicals, the market is expected to maintain a steady growth trajectory.

High Purity Isobutylene Production Processes

HPIB is mainly produced through four technologies: MTBE cracking, TBA dehydration, Isobutane dehydrogenation, and cold acid separation. As of 2024, there are over 75 production facilities worldwide. MTBE cracking is the most widely adopted method, contributing more than 50% of total capacity. It is followed by TBA dehydration, with the remaining 35% of capacity attributed to isobutane dehydrogenation and cold acid separation. Major producers using the TBA dehydration method include ExxonMobil, LyondellBasell Industries, BASF, and Songwon Corporation.

In China, the MTBE cracking method dominates, with key producers such as Cenway, Sinostart, CITIC Guoan, Ningbo Haode, Dongying Qifa, Shandong Yuhuang, and others. Plant capacities in the region range from 20 to 60 kilo tons per year.

Global HPIB Capacity Outlook

The global HPIB market is led by major chemical producers such as ExxonMobil, LyondellBasell Industries, Enterprise Products Partners, Repsol, Evonik, Lanxess, Yanshan Petrochemical, Kuraray, Songwon Corporation, Vinati Organics, Reliance, BASF, Sumitomo Chemical, and Petro Rabigh. These companies operate across various regions and processes, ensuring supply to diverse industrial segments.

In 2024, the global High Purity Isobutylene production capacity was around 4,500 kilo tons. This is expected to surpass 6,000 kilo tons by 2036, driven by increasing demand from industries such as rubber, adhesives, and specialty polymers. Asia Pacific holds the largest share, with over 2,000 kilo tons of installed capacity, followed by North America and Europe. Together, these three regions account for around 88% of the global capacity.

Over the forecast period, approximately 1,000 kilo tons of new capacity is expected in Asia Pacific, particularly in China, India, South Korea, and other Southeast Asian countries. North America and Western Europe are expected to remain net exporters of HPIB, averaging 30 and 15 kilo tons in annual net exports respectively. No major new capacity additions are planned in these regions through 2036.

Regional Demand Analysis

Asia Pacific, North America, and Western Europe collectively make up over 95% of global High Purity Isobutylene consumption. Asia Pacific, led by China, is the largest consumer, contributing about 51% to the global market. The region is expected to grow at a CAGR of 3.0%, reaching an estimated USD 4.0 billion by 2036. Other regions, including Central & Eastern Europe, Latin America, and the Middle East & Africa, account for the remaining 5% of demand.

Demand by application

The primary application of High Purity Isobutylene is in the production of Butyl Rubber, which accounts for over 50% of total demand. Other major uses include High Purity Polyisobutylene (PIB) and Methyl Methacrylate (MMA), which together represent over 35% of the market. The remaining demand comes from various applications such as additives and antioxidants.

During the forecast period, Butyl Rubber and High Purity PIB are expected to grow the fastest, supported by rising demand in automotive, construction, and other industrial sectors. Investment in these downstream industries is also expected to push HPIB consumption higher.

India High Purity Isobutylene Market

India's High Purity Isobutylene market was valued at around USD 0.2 billion in 2024 and is projected to reach USD 0.3 billion by 2036, growing at an estimated CAGR of 3.0%. Two major players dominate the domestic production.

Reliance Industries and Vinati Organics are the two leading companies in domestic production, collectively boasting an installed capacity of approximately 230 kilotons per year, utilizing the MTBE cracking process. In India, Butyl Rubber remains the key end-use segment, followed by smaller applications including specialty chemicals like antioxidants and additives.

Market Dynamics

Driver: Growing Demand for Butyl Rubber in Automotive and Healthcare

The rising demand for butyl rubber in automotive tires and medical applications is a key driver for the High Purity Isobutylene (HPIB) market. HPIB is a crucial raw material in the production of butyl rubber due to its exceptional impermeability and stability. With increasing vehicle production, tire replacement cycles, and the use of synthetic rubber in pharmaceutical closures and protective gear, the need for high-quality HPIB has surged. The shift toward electric vehicles and advancements in healthcare infrastructure are further supporting the demand. These trends collectively drive the growth of the HPIB market globally.

Restraint: High Production Costs and Complex Manufacturing Process

One of the main restraints in the High Purity Isobutylene (HPIB) market is the high cost and complexity of its production process. HPIB requires advanced purification techniques to meet stringent quality standards, particularly for use in pharmaceutical and specialty chemical applications. These methods require significant energy and advanced technology, resulting in high capital investment and operating costs. The maintaining purity during production and transport adds logistical challenges. These factors can deter new entrants and limit supply expansion, affecting overall market growth.

Table of Contents

1. Introduction

• 1.1. Scope
• 1.2. Market Coverage
• Applications
• Regions
• Countries
• 1.3. Years Considered
• Historical - 2018 - 2023
• Base - 2024
• Forecast Period - 2025 - 2034
• 1.4. Research Methodology
• Approach
• Research Methodology
• Prismane Consulting Market Models
• Assumptions & Limitations
• Abbreviations & Definitions
• Conversion Factors
• Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Automotive
• Industrial
• Others

5. Plants & Projects Analysis

• High Purity Isobutylene Production Capacity, By Company
• High Purity Isobutylene Production Capacity, By Process
• MTBE Cracking
• TBA Dehydration
• Isobutane Dehydrogenation
• Cold Acid Separation
• High Purity Isobutylene Production Capacity, by Country and by region
• Capacity Overview

6. Introduction to High Purity Isobutylene and Market Overview

• 6.1. Product Description
• 6.2. Grades & Properties
• 6.3. Raw Material
• 6.4. Manufacturing Process
• MTBE Cracking
• TBA Dehydration
• Isobutane Dehydrogenation
• Cold Acid Separation
• 6.5. Environmental Issues
• 6.6. Value Chain
• 6.7. Applications

7. Market Dynamics and Industry Trends

• 7.1. Market Dynamics
• Drivers
• Restraints
• Opportunities
• Challenges

8. Global High Purity Isobutylene Demand-Supply Analysis, By Applications (Volume, Value) (2018-2034)

• 8.1. Strategic Issues
• 8.2. Demand-Supply Analysis and Forecast (2018 - 2034)
• Capacity
• Capacity Utilization (%)
• Production
• Net Trade
• Demand
• Demand Growth Rate (%)
• Driving Force Analysis
• 8.3. Global High Purity Isobutylene Market, By Applications
• Butyl Rubber
• High Purity Polyisobutylene
• Methyl Methacrylate (MMA)
• Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• 9.1. Strategic Issues
• 9.2. Capacity
• 9.3. Capacity Utilization (%)
• 9.4. Production
• 9.5. Net Exports
• 9.6. Demand
• 9.7. Demand Growth Rate (%)
• 9.8. High Purity Isobutylene Market, By Applications

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).

• 9.9. North America
• USA
• Canada
• Mexico
• 9.10. Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• 9.11. Central & Eastern Europe
• Russia
• Poland
• Turkey
• Rest of Central & Eastern Europe
• 9.12. Asia-Pacific
• China
• Japan
• India
• South Korea
• ASEAN
• Rest of Asia-Pacific
• 9.13. Central & South America
• Brazil
• Rest of Central & South America
• 9.14. Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2025 - 2034)

10. Pricing Analysis

• Average High Purity Isobutylene Prices, USD/Kg
• Average High Purity Isobutylene Prices, By Country
• Average High Purity Isobutylene Prices, By Region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• 12.1. Market Attractiveness Assessment
• 12.2. Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis and Market Share Analysis

• 14.1. High Purity Isobutylene Manufacturers Profiles/ Company Analysis
• Basic Details
• Headquarters, Key Markets
• Ownership
• Company Financial
• Manufacturing Bases
• Global Turnover
• Total Employee
• Product Portfolio / Services / Solutions
• Key Business Strategies adopted and Prismane Consulting Overview
• Recent Developments
• Companies Covered
• ExxonMobil
• Lyondellbasell Industries
• Enterprise Products Partners
• Repsol (Polibutenos)
• Evonik
• Lanxess
• Yanshan PC
• Kuraray
• Songwon Corporation
• Vinati Organics
• Reliance
• BASF
• Sumitomo Chem.
• Petro Rabigh
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply- Countries
• Capacities, 2018-2034