The rising rate of industrialization in emerging economies is a key trend influencing the isobutanol market growth. The growth of the market is strongly influenced by increasing industrialization across the globe, especially in emerging countries.
Population growth in economies such as India, Brazil, and China, along with people’s rising disposable income, has forced major manufacturers to locate manufacturing facilities in these countries.
Demand for isobutanol (CH3)2CHCH2OH also known as 2-methylpropan-1-ol is expected to increase during the forecast period, especially in emerging markets. This is as manufacturing activity increases and automakers outsource to low-wage countries to cut capital expenditures.