Bio Butanol Market Size, Growth, Industry & Revenue [2031]

Report Description

Bio-Butanol Market Outlook 2031:

The global bio-butanol market size was valued at USD 17.18 Billion in 2022 and is projected to reach USD 35.80 Billion by 2031, expanding at a CAGR of 8.5% during the forecast period 2023 - 2031. The growth of the market is attributed to countries moving for sustainable and ecofriendly resources.

The synthesis of chemicals and fuels from renewable resources has grown in popularity during the last decade. Growing worries about global warming and climate change, oil supply unpredictability, rising crude oil prices, and laws prohibiting the use of nonrenewable energy sources are all contributing to this trend.

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The steady transition of transportation fuels from oil to alternate fuel supplies, as well as global energy needs, has fueled research into producing alcohol biofuels from renewable resources. Bioethanol and biodiesel, on the other hand, are now unable to meet the growing demand for biofuels. As a result, innovative biofuels with higher fuel characteristics are in high demand.

Biofuel production may provide local job prospects while also helping to reduce CO2 emissions. Biobutanol has showed promise as an alternative fuel since it has qualities comparable to gasoline and, when compared to ethanol, it has a longer carbon chain length, greater volatility, polarity, combustion value, octane rating, and is less corrosive.

Biobutanol is mostly used as a fuel in internal combustion engines. It has qualities that are comparable to gasoline. Biobutanol may even be used in certain gasoline-powered cars without being modified. It may be combined with gasoline at up to 11.5 percent by volume quantities. However, it has a lower energy content than gasoline, which is a key drawback of biobutanol.

When compared to gasoline, biobutanol has the potential to cut carbon emissions by 85 percent, making it a viable and appropriate alternative to gasoline and gasoline-ethanol mixed fuels. Biobutanol has also shown potential as a chemical feedstock and industrial solvent. Paints/coatings, plasticizers, food-grade extractants, resins, medicines, chemical intermediates, and herbicides are all potential uses.

Butanol (butyl alcohol), a 4-carbon alcohol, is made from the same feedstocks as ethanol, such as maize grain and other biomass. Biobutanol made from microalgae biomass is gaining traction as an advanced biofuel that might eventually replace bioethanol. 

Acetone–butanol–ethanol (ABE) fermentation is one of the oldest large-scale fermentation methods, anaerobic fermentation's butanol production remains sub-optimal.

Some businesses have developed commercial butanol fermentation methods. The number of enterprises dedicated to biobutanol production is expected to expand globally, as is the development of new methods to boost output. 

The Agricultural Research Service of the United States Department of Agriculture investigated many elements of biobutanol synthesis, including butanol production from food waste and butanol production through fermentation.

As part of its Small Business Technology Transfer and Small Business Innovation Research programs, the US Department of Energy (DOE) and the Environmental Protection Agency (EPA) are sponsoring biobutanol research and development. 

The pandemic of COVID-19 in 2020 has had a detrimental impact on the market owing to the lockout and temporary stoppage of production operations. Furthermore, renewable ethanol producers were actively involved in the European Union's fight to limit the epidemic.

Bio Butanol Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for carbon-free electricity are anticipated to boost the market growth in the coming years.
• Rapid urbanization growing construction and infrastructure development is expected to push the market.
• Rising pressure for reduction in carbon emission is projected to drive the market during the forecast period.
• Countries switching towards renewable energy sources is estimated to surge the market.
• Rapid growth in power-driven transportation main factors driving the market expansion during the forecast period.
• Increasing automotive production and growing need for furniture are expected to push the market.
• Technological challenges in development of bio butanol are expected to hamper the market growth.
• High cost of raw material posses as a challenge for the market growth.
• Research & development of bacterial strains helps in feasible production is expected to create a lucrative opportunity for the market payers.

Scope of Bio Butanol Market Report

The report on the global bio-butanol market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Global Bio-Butanol Market Segment Insights

The acrylates segment is expected to expand at a rapid pace

In terms of applications, the bio-butanol market is segmented into acetates, plasticizers, acrylates, glycol ethers, biofuel, and others. The acrylates segment is expected to hold a key share of the market in the coming years due to mostly used to make homopolymers and co-polymers for water-based industrial and architectural paints & coatings. Cleaning products, antioxidants, enamels, adhesives, fabrics, caulks, and paper finishes are all examples of where it may be found.

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Asia Pacific is anticipated to dominate the market

On the basis of regions, the bio-butanol market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period.

The regional market growth can be attributed to in terms of bio-butanol consumption, China and India has the greatest market share owning to increasing construction, infrastructure, and automotive industries leading rising demand for adhesive, coatings, and resin production.

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