Bio-Butanol Market

Bio-Butanol Market by Applications (Acetates, Plasticizers, Acrylates, Glycol Ethers, Biofuel, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3226
  • Author: Growth Market Reports
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  • No. Of Pages: 198
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The global bio-butanol market size is expected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to countries moving for sustainable and ecofriendly resources.

Bio-Butanol Market summary

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.

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.

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 the 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.

Attributes

Details

Report Title

Bio-Butanol Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Acetates, Plasticizers, Acrylates, Glycol Ethers, Biofuel, and Others)

Regional Scope

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

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Eastman Chemical Company; Cathay Industrial Biotech Ltd; Gevo; GranBio

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. Cleaning products, antioxidants, enamels, adhesives, fabrics, caulks, and paper finishes are all examples of where it may be found.

Bio-Butanol Market applications

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.

Bio-Butanol Market region

Segments

Segments Covered in the Report
The global bio-butanol market has been segmented on the basis of
Applications

  • Acetates
  • Plasticizers
  • Acrylates
  • Glycol Ethers
  • Biofuel
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Eastman Chemical Company
  • Cathay Industrial Biotech Ltd
  • Gevo
  • GranBio

 

Competitive Landscape

Key players competing in the bio-butanol market include Eastman Chemical Company; Cathay Industrial Biotech Ltd; Gevo; GranBio.

Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In Dec 2018, In an effort to clean up the Ganges River, Celtic Renewables has inked an MOU with Dross Energy to create biobutanol from brewery and distillery waste.

Bio-Butanol Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bio-Butanol Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bio-Butanol Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bio-Butanol Market - Supply Chain
  4.5. Global Bio-Butanol Market Forecast
     4.5.1. Bio-Butanol Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bio-Butanol Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Bio-Butanol Market Absolute $ Opportunity
5. Global Bio-Butanol Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Bio-Butanol Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Bio-Butanol Demand Share Forecast, 2019-2026
6. North America Bio-Butanol Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Bio-Butanol Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Bio-Butanol Demand Share Forecast, 2019-2026
7. Latin America Bio-Butanol Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Bio-Butanol Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Bio-Butanol Demand Share Forecast, 2019-2026
8. Europe Bio-Butanol Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Bio-Butanol Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Bio-Butanol Demand Share Forecast, 2019-2026
9. Asia Pacific Bio-Butanol Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Bio-Butanol Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Bio-Butanol Demand Share Forecast, 2019-2026
10. Middle East & Africa Bio-Butanol Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Bio-Butanol Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Bio-Butanol Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Bio-Butanol Market: Market Share Analysis
  11.2. Bio-Butanol Distributors and Customers
  11.3. Bio-Butanol Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Eastman Chemical Company
     11.4.2. Cathay Industrial Biotech Ltd
     11.4.3. Gevo
     11.4.4. GranBio

Segments Covered in the Report
The global bio-butanol market has been segmented on the basis of
Applications

  • Acetates
  • Plasticizers
  • Acrylates
  • Glycol Ethers
  • Biofuel
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Eastman Chemical Company
  • Cathay Industrial Biotech Ltd
  • Gevo
  • GranBio

 

Key players competing in the bio-butanol market include Eastman Chemical Company; Cathay Industrial Biotech Ltd; Gevo; GranBio.

Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In Dec 2018, In an effort to clean up the Ganges River, Celtic Renewables has inked an MOU with Dross Energy to create biobutanol from brewery and distillery waste.

Bio-Butanol Market keyplayers

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