LONDON–(BUSINESS WIRE)–#GlobalIsobutylBenzeneMarket–The global isobutyl benzene market size is poised to grow by USD 11.51 million during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The isobutyl benzene market is driven by the high demand for ibuprofen. Isobutyl benzene is a major raw material used for manufacturing ibuprofen. Ibuprofen is an extensively used painkiller. It is an analgesic, anti-inflammatory drug used for treating rheumatoid arthritis, ankylosing spondylitis, osteoarthritis, and other non-rheumatoid arthritis. Ibuprofen can be used for treating soft-tissue injuries such as sprains and strains. It is a cost-effective analgesic and anti-inflammatory drug.
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Report Highlights:
- The major isobutyl benzene market growth came from the pharmaceuticals segment in 2019, and is expected to witness the fastest growth during the next five years.
- APAC was the largest isobutyl benzene market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. (Read more…) This is attributed to factors such as the low labor cost, easy availability of raw materials, and availability of highly skilled labor significantly increase the production rate of isobutyl benzene.
- The global isobutyl benzene market is concentrated. Central Glass Co. Ltd., IOL Chemicals And Pharmaceuticals Ltd., Merck & Co. Inc., Ralington Pharma LLP, Santa Cruz Biotechnology Inc., Shandong Xinhua Pharmaceutical Co. Ltd., SI Group Inc., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., and Vinati Organics Ltd. are some of the major market participants. To help clients improve their market position, this isobutyl benzene market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global isobutyl benzene market 2020-2024 is expected to have neutral growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Increasing Prevalence of Migraine will be a Key Market Trend
Headache disorders, including migraine, are some of the common disorders. Migraine is a major headache disorder that can cause significant disabilities such as visual disturbances and sensitivity to light, nose, and smell. It is the third-most prevalent illness in the world. Migraine most often begins at puberty. Women are known to be more affected by migraine than men because of hormonal influences. It affects twice as many women as men. The increasing number of migraine cases fuels the consumption of ibuprofen, as it relieves a migraine headache. Ibuprofen is typically used for short-term pain relief.
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Isobutyl Benzene Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist isobutyl benzene market growth during the next five years
- Estimation of the isobutyl benzene market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the isobutyl benzene market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of isobutyl benzene market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Pharmaceuticals – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Central Glass Co. Ltd.
- IOL Chemicals And Pharmaceuticals Ltd.
- Merck & Co. Inc.
- Ralington Pharma LLP
- Santa Cruz Biotechnology Inc.
- Shandong Xinhua Pharmaceutical Co. Ltd.
- SI Group Inc.
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry Co. Ltd.
- Vinati Organics Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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