The global methyl isobutyl carbinol market is anticipated to garner $420.76 million in 2019, growing at a CAGR of 4.0% during the forecast period 2014-2019 according to Progressive Markets report titled, Methyl Isobutyl Carbinol Market Size, Trend, Share, Opportunity Analysis & Forecast, 2009-2019.
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Methyl isobutyl carbinol (MIBC), also known as 4-Methyl-2-pentanol, is an organic chemical compound, and a derivative of acetone. MIBC is a colorless, stable liquid with a pungent alcohol odor. It is principally used as a blowing agent in mineral flotation. It is an excellent foaming reagent, which is used for both non-ferrous metal oxide ores as well as fine-grained sulfide ores. It is partially soluble in water but is miscible with most organic solvents. It has a good solvent power for dissolving oils, gums, natural resins, waxes, and cellulose. It is used as a latent solvent within a solvent blend to alter performance characteristics such as drying/curing and viscosity/flow. It is used as a precursor to various plasticizers as a solvent in organic amalgamation and production of brake fluid. The application areas of MIBC include surface coatings, adhesives, thinners, printing inks, cosmetics, toiletries, and cleaners. It is also used in pharmaceutical applications for the extraction of vitamins & minerals, as wetting agents in lithographic printing, and as chemical intermediates.
The methyl isobutyl carbinol market is anticipated to expand with the improvement of research and development, the cost reduction, and increase in its application. Methyl isobutyl carbinol is a preferred frother of choice for the mining of ores, such as copper, molybdenum sulfide, and coal. Thus, the growth in the mining industry is expected to further drive the demand for methyl isobutyl carbinol. Rapid growth in mining activities in Latin America and Africa is anticipated to provide lucrative opportunities to the manufacturers of methyl isobutyl carbinol. However, significant technological barriers in the production of high-quality methyl isobutyl carbinol and stringent government regulations are expected to hamper the market growth.
Based on application, the market is segmented into blowing agent, plasticizer, and organic intermediates. Methyl isobutyl carbinol as a blowing agent is the primary application that accounted for the highest market share in 2014. Moreover, the market is analyzed across various regions which includes North America, Europe, Japan, China, and Others. In 2014, Europe accounted for the highest consumption of methyl isobutyl carbinol.
The key players operating in the market include Celanese Corporation, Royal Dutch Shell Plc., DowDuPont Inc., Arkema Group, Solvay SA, Monument Chemical Inc., Mitsui Chemicals Inc., Nippon Refine Co. Ltd., Weifang Yi Hua Chemical Co., Ltd., and Hubei Jusheng Technology Co., Ltd.