increasing demand from construction industry is driving the Methyl Isobutyl Carbinol (MIBC) Market
Technavio analyzes that the Methyl Isobutyl Carbinol (MIBC) Market is expected to grow at a CAGR of 2.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 54.3 million.There are various factors that contribute to the growth of the market. Methyl Isobutyl Carbinol (MIBC) is experiencing significant demand growth in the construction industry due to its application as a biocide and corrosion inhibitor. MIBC effectively prevents the growth of microorganisms in water-based paints, coatings, and construction materials, thereby extending their shelf life and improving overall product performance. The increasing trend towards sustainable and eco-friendly construction practices further boosts MIBC's market potential, as it is a non-toxic and biodegradable alternative to traditional biocides.
In the lube additives and solvents sector, Methyl Isobutyl Carbinol (MIBC) holds significant importance due to its fast kinetics, excellent selectivity, and ability to dry froths. With the construction industry experiencing robust growth in emerging economies like Asia-Pacific and South America, the demand for MIBC is anticipated to surge. By 2030, the global construction market is projected to expand by over 70%, leading to increased yields and efficiency in mineral recovery processes. Moreover, in mature markets like the US, the focus on rehabilitating and upgrading aging infrastructure is expected to fuel further investment in this sector. According to the US Census Bureau, the value of building in the United States in 2022 was approximately USD1,293,256 million, underscoring the potential market size for MIBC.
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Methyl Isobutyl Carbinol (MIBC) Market Segmentation
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Methyl Isobutyl Carbinol (MIBC) is an organic chemical compound that functions as a frother in mineral flotation processes. It facilitates the selective separation of hydrophobic minerals from hydrophilic waste gangue by creating foam through the process of frothing. MIBC is used as a delivery form for specific chemicals in slurry form, transported in bulk rail cars, tank trucks, and ISO containers. It is employed as a lube additive, solvent, and grease additive due to its fast kinetics, excellent selectivity, and ability to form dry froths with high yield and efficiency for mineral and metal recovery from extracted ore. Air bubbles are incorporated into the water mixture to enhance the flotation process.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries' wide-ranging products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, this market's size is determined by the combined revenue generated by manufacturers of these high-value-added chemicals. Key growth drivers for the specialty chemicals market include the increasing demand for specialty adhesives and sealants. Methyl Isobutyl Carbinol (MIBC), a versatile organic compound, plays a crucial role in this sector as a frother, enhancing the froth flotation process for selectively separating hydrophobic minerals from hydrophilic waste gangue. Furthermore, MIBC's application as a lubricant oil additive contributes to its market significance.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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