Biobutanol, also known as bio-based completely butanol gasoline, is a second-generation alcoholic gasoline with a better energy density and lower volatility than ethanol, and it’s also an important raw material in the synthesis of glycol ethers. Furthermore, biobutanol is commonly used as a plasticizer in plastic products to beautify the chemical intermediate for butyl esters or butyl ethers. Growing environmental concerns regarding the emission of excessive greenhouse gases (GHG) in recent years have increased demand for bio-primarily based overall goods.
Bio-butanol Market Scope and Research Methodology
The research examines the Bio-butanol market’s trends, projections, and monetary values in depth. The research examines the segments and sub-segments in various regional Bio-butanol marketplaces in depth. The paper takes a bottom-up method to understanding market size estimates. The services, revenue, financial state, portfolio, growth plans, and regional presence of key market participants and new entrants are all included in the Bio-butanol Market research. The study forecasts the Bio-butanol market’s size and growth rate, as well as current and future trends.
The Bio-butanol market study goes into detail on demand projections, market trends, and micro and macro factors. It also examines the factors that are driving and restraining the growth of the Bio-butanol industry. The report includes both qualitative and quantitative methodologies. The Bio-butanol market is being researched utilizing SWOT, PESTLE, and Porter’s Five Force techniques. The study highlighted significant emerging advancements that are projected to have an impact on Bio-butanol market demand during the forecast period.
Bio-butanol Market Report Overview:
The major goal of the SMR’s Bio-butanol Market study is to assist clients in making business decisions, such as determining which areas require improvement, which are already operating well, and assisting new entrants in landing and penetrating the competition. The research also discusses the obstacles that exist in the Bio-butanol Market.
Bio-butanol Market Size was valued at USD 14.3 billion in 2021. The global Bio-butanol Market size is estimated to grow at a CAGR of 8.2 % over the forecast period.
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Bio-butanol Market Regional Analysis:
Geographically, Bio-butanol market report is segmented into several key regions are as follows,
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Bio-butanol Market Segmentation:
By Raw Material: The market is divided into cereals, sugarcane, sugar beet, wood, corn, and others based on the raw material. Cereals have the largest market share, and the market is predicted to increase at a 7.2% annual rate during the projection period. Butanol can be produced from a wide range of agricultural leftovers as well as some energy crops. Where the manufacturing process includes pre-treatment of the serial stars with dilute sulfuric acid to enhance cellulose accessibility to hydrolytic enzymes. As a result, serials are the primary raw material used in the manufacturing of biobutanol. With an increase in demand for biobutanol raw materials, greater cereal output may aid in the expansion of the bio-butanol industry.
Based on application, the market is divided into acrylate, acetates, glycol ethers, biofuel, and others. In terms of application, the acrylates segments lead the international market during the projection period. Biobutanol is utilized as a catalyst in the production of butyl acrylates, which are used to make paints and coatings, adhesives, and textiles, among other things. Over the projection period, the increasing use of acrylate polymer and co-polymer as an adhesive in manufacturing and pressure-sensitive packages is likely to fuel market expansion. Because of its chemical shape and capabilities, acrylate is utilized as a chemical intermediate, and it is projected to drive the market.
End User: The market is divided into transportation, construction, medical, and power generating segments. The automotive industry is a major contributor to the growth of the biobutanol market. Consumption of bio-butanol as a transportation fuel in automotive applications is expanding as a result of rising international middle-class spending and as a viable alternative to fossil fuels. Because a tiny part of biobutanol is used in gasoline blending, there is a strong demand for it in the fuel industry. As a result, as the number of fuel-powered vehicles grows around the world, so does the biobutanol market.
Bio-butanol Market Key Players:
Abengoa (Spain)
Biocleave (Oxfordshire)
Bioenergy International (Sweden)
Butalco Gmbh (Germany)
Butamax advanced biofuels LLC (US)
Eastman chemical company (US)
Gevo Inc (US)
Metabolic Explorer SA (France)
Solvay SA (Belgium)
W2 Energy Inc (Canada)
Key questions answered in the Bio-butanol Market are:
- What was the Bio-butanol market size in 2021?
- What is the growth rate of the Bio-butanol Market?
- Which are the factors expected to drive the Bio-butanol market growth?
- What are the different segments of the Bio-butanol Market?
- What are the factors restraining the growth of the Bio-butanol Market?
- What segments are covered in the Bio-butanol Market?
- Who are the key players in the Bio-butanol market?
- What are the upcoming industry applications and trends for the Bio-butanol Market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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