Bio-Butanol Market is segmented by Application Type (Acrylates, Acetates, Glycol Ethers, Plasticizers, Biofuel, and Others) and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
Bio-Butanol Market is segmented by Application Type ...
The Bio-Butanol Market is expected to grow at a promising CAGR of 8.5% during the forecast period.
What is Bio-Butanol Market?
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 Dynamics
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 bio-butanol 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
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By Application Type
Acrylates
Acetates
Glycol Ethers
Plasticizers
Biofuel
Others
By Region
North America
Europe
Asia-Pacific
Rest of the World
By Application Type
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
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 in the near future. 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 of companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain a competitive advantage. The following are some of the key players in the bio-butanol market:
Abengoa
Celtic Renewables
Cathay Industrial Biotech
Eastman Chemical Company
Gevo Inc
Green Biologics
GranBio
Phytonix
Metabolic Explorer.
Working Bugs LLC
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s bio-butanol market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
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 industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. 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?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Bio-Butanol Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
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 sales@stratviewresearch.com
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Abengoa, Celtic Renewables, Aptar Group, Inc., Eastman Chemical Company, Gevo Inc, Green Biologics, GranBio, Phytonix, Metabolic Explorer, and Working Bugs LLC are some of the key players in the market.
Asia-Pacific is estimated to be dominant in the bio-butanol market in the coming years. In the Asia-Pacific region, China has the largest market share for the use of bio-butanol.
Acrylates application is likely to maintain its dominance in the market in the next five years due to the rising production of adhesives, textiles, and coatings.
The bio-butanol market is expanding as a result of factors such the excellent fuel efficiency of bio-butanol, expansion in the construction industry, and a rise in aircraft deliveries to handle rising air traffic.
