Global Isobutyl Benzene Market 2018-2022 | Increasing Prevalence of Migraine to Boost Growth | Technavio
The global isobutyl benzene market is expected to post a CAGR of over 4% during the period 2018-2022, according to the latest market research report by Technavio .
A key factor driving the growth of the market is 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.
This market research report on the global isobutyl benzene market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline. Save
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In this report, Technavio highlights the increasing prevalence of migraine as one of the key emerging trends in the global isobutyl benzene market:
Global isobutyl benzene market: Increasing prevalence of migraine
Headache disorder, 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 and mostly affects people aged between 35-45 years. 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. It is used for preventing migraine attacks as well. The increasing prevalence of migraines and their serious effects on individuals accelerate the consumption of ibuprofen, thereby having a positive influence on the market, says a senior analyst at Technavio for research on specialty chemicals.
Global isobutyl benzene market: Segmentation analysis
This market research report segments the global isobutyl benzene market by end-user (pharmaceuticals and others) and geographical regions (APAC, EMEA, and the Americas).
The pharmaceuticals segment held the largest market share in 2017, accounting for nearly 90% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 40%. This region is expected to dominate the market through 2022.
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