Global Bio-Butanol Market Share Is Likely To Reach At A CAGR Of Around 7.04% By 2028

01-Jun-2022 | Facts and Factors

According to Facts and Factors, the global Bio-Butanol Market was valued at USD 14,385.1 million in 2021 and is predicted to increase at a CAGR of 7.04% to USD 21,058.5 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

Global Bio-Butanol Market Size

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One of the primary factors driving the market's growth is the increasing demand for energy-efficient fuel sources around the world. With growing public concern about the discharge of excessive greenhouse gases (GHG) into the environment, there is a movement in preference toward alternative fuels and renewable energy sources, which is driving market expansion. In accordance with this, the widespread use of bio-butanol in the production of compounds such as butyl acrylates is also fueling market expansion. It's also used to make acetates, acrylates, glycol ethers, and other industrial solvents.

Browse the full “Bio-Butanol Market By Raw Material (Cereal Crops, Sugarcane Bagasse, Waste Biomass, Others) By Application (Acrylates, Acetates, Glycol Ethers, Biofuel, Others), By End-Use Industry (Transportation, Construction, Medical, Power Generation, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028"  report at https://www.fnfresearch.com/bio-butanol-market

Furthermore, developments in fermentation and cellulose extraction technologies are boosting market expansion. Other reasons, such as rising biofuel usage in the aviation and fleet transportation sectors, as well as the implementation of favorable government policies encouraging the use of bio-based products, are expected to propel the market even further. Rapid industrialization and urbanization in important nations such as China and India have boosted bio-Butanol demand in recent years. The growing population in emerging nations, particularly in APAC, as well as the demand for enhanced infrastructure and residential spaces, are likely to promote worldwide bio-Butanol consumption. One of the primary market restraints is the detrimental impact of solvent-based systems on human and environmental health.

Segmental Overview

In terms of Application, the acrylates category led the global market in the forecast period. Growing demand for the product from different coatings applications such as paper coatings, leather coatings, and water-based coatings is likely to drive growth throughout the forecast period. Furthermore, increased R&D on bio-butanol as a motor fuel to replace gasoline due to its better physical qualities and cost-effectiveness is projected to generate new market prospects in the near future.

In terms of Raw Materials, Cereals represented a substantial proportion of the bio-butanol market in the forecast period. Butanol may be produced from a range of agricultural and forestry leftovers, as well as some energy crops, such as apple pomace, potato peel, brewer's wasted malt, corn cobs, corn stover, and corn fiber. Whereas the production process includes pre-treatment of wheat straw with dilute sulphuric acid to enhance cellulose accessibility to hydrolytic enzymes. The pretreated wheat straw is then hydrolyzed with hydrolytic enzymes to break down the cellulose into simple 5-carbon or 6-carbon sugars, followed by a combination fed-batch fermentation/gas stripping process to convert the sugars to butanol without product inhibition.As cereals are the primary raw material used in the manufacturing of bio-butanol, an increase in cereal output may aid in the expansion of the bio-butanol industry

Regional Overview

Asia Pacific is likely to have considerable notable market expansion throughout the projection period because of government funding for R&D and a strong industrial base. The existence of stringent environmental and regulatory laws in North America will result in market growth that is above average throughout the projection period. The region's rebounding industrial sector is projected to assist market development.

Rapid urbanization in emerging economies like India and China is fuelling construction demand, which is contributing to growth. Other important sectors in this region include cosmetics and textiles, which have seen an increase in demand for bio-butanol due to its improved characteristics.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 14,385.1 Million

Projected Market Size in 2028

USD 21,058.5 Million

CAGR Growth Rate

7.04% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Abengoa, Biocleave Limited, Bioenergy International, Butalco GmBH (Lesaffre), Butamax Advanced Biofuels LLC (BP and Corteva), Eastman Chemical Company, Gevo Inc., Metabolic Explorer SA, Solvay S.A., W2 Energy Inc., and Others

Key Segment

By Raw Material, Application, End-Use Industry, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Competitive Landscape

The report contains qualitative and quantitative research on the global Bio-Butanol Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

List of Key Players in the Global Bio-Butanol Market:

  • Abengoa
  • Biocleave Limited
  • Bioenergy International
  • Butalco GmBH (Lesaffre)
  • Butamax Advanced Biofuels LLC (BP and Corteva)
  • Eastman Chemical Company
  • Gevo Inc.
  • Metabolic Explorer SA
  • Solvay S.A.
  • W2 Energy Inc.

The global bio-butanol market is segmented as follows:

By Raw Material

  • Cereal Crops
  • Sugarcane Bagasse
  • Waste Biomass
  • Others

By Application

  • Acrylates
  • Acetates
  • Glycol Ethers
  • Biofuel
  • Others

By End-Use Industry

  • Transportation
  • Construction
  • Medical
  • Power Generation
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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