Bio-Butanol Market Analysis | 2022-2027

“The Bio-Butanol Market is expected to grow at a promising CAGR of 8.5% during the forecast period”.

Market Dynamics

Introduction

Bio-butanol is a second-generation liquid alcohol fuel that is produced by the fermentation of biomass and provides higher energy content and low volatility in comparison with ethanol.

Therefore, bio-butanol is utilized as a chemical intermediate in the production of plasticizers and solvents such as acrylates, acetates, and glycol ethers due to its rich chemical and anti-corrosive qualities. Construction, automotive, aerospace, paints and coatings, and chemical industries can all benefit from using bio-butanol.

Market Drivers

The bio-butanol market is expanding as a result of factors such as the excellent fuel efficiency of bio-butanol, expansion in the construction industry, and a rise in aircraft deliveries to handle rising air traffic.

Furthermore, major factors driving the market are significant reductions in carbon emissions and increasing prominence as a building block for chemical manufacturing.  

COVID-19 Impact

The market suffered a slow growth, following the outbreak of the pandemic. Most of the end-use industries faced supply chain disruption, cash flow constraints, and temporary shutdowns in production facilities. The European Union's epidemic was actively countered across the continent by producers of renewable ethanol.

Refineries are switching some of their production from biofuels to ethyl alcohol for use as disinfectants and hand sanitizers while still supplying the required volumes of fuel ethanol, and producers are collaborating with national EU governments to ensure increased production and maintain supply chains. End-use industries' demand for the bio-butanol market was reduced as a result of these factors.

Segments Analysis

By Application Type

“The acrylates market is likely to remain the biggest demand generator for bio-butanol during the forecast period”.

The market is segmented as acrylates, acetates, glycol ethers, and others. Among these application types, the acrylates market is likely to remain the biggest demand generator for bio-butanol during the forecast period. The manufacturing of butyl acrylates, which are used to make paints and coatings, adhesives, and textiles, among other things, begins with the usage of biobutanol as an intermediary.

Regional Analysis

“Asia-Pacific is expected to remain the largest market for bio-butanol over the forecast period”.

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Asia-Pacific is expected to remain the largest market for bio-butanol over the forecast period. In the Asia-Pacific region, China has the largest market share for the use of bio-butanol. The country is the leading manufacturer of paints and coatings in the region, with an estimated coating production of more than 15 million metric tonnes. This output is expected to skyrocket shortly.

Currently, China produces roughly one-third of the world's plastics, making it the world's largest manufacturer. North America and Europe are also expected to offer substantial growth opportunities in the coming years.

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Key Players

Most companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain a competitive advantage.

The following are the key players in the Bio-Butanol Market (arranged alphabetically)

• Abengoa
• Cathay Industrial Biotech
• Celtic Renewables
• Eastman Chemical Company
• Gevo Inc
• GranBio
• Green Biologics
• Metabolic Explorer
• Phytonix
• Working Bugs LLC

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].