Bio Butanol Market, By Applications (Acetates, Plasticizers, Acrylates, Glycol Ethers, Biofuel), By Region Analysis - Global Analysis and Industry Forecast Report Till 2030.

Bio Butanol Market is projected to grow from $14.50 billion to $21.20 billion, at a CAGR of 8.4% in terms of revenue during the forecast period.

Alcohol called "bio-butanol" is utilized as an organic fuel or solvent. This solvent is made by fermenting sugar, starch, or cellulose feedstock like wheat, sugar beet, corn, straw, and wood. Crude oil is replaced by bio-butanol. They are a suitable fuel choice since they have a higher octane number, greater flammability limits, a higher flash point, and a higher heat of vaporization. Due to its low vapor pressure, bio-butanol readily mixes with gasoline. It is thought to have more advantages than bio-ethanol because it has the ability to provide energy that is equivalent to gasoline and is not caustic.

Moreover, bio-butanol is used to make cleaners, adhesives, jet fuel, synthetic rubber, paint solvents, and textiles with bio-based polymers. Moreover, 20% of the world's fuel demand is anticipated to be satisfied by them. The main driver of rising bio-butanol demand is the demand for renewable energy.

Bio-butanol is used in goods like acrylates, acetates, glycol ethers, solvents, and plasticizers because of its ability to form polymer chains and combine with other substances.

Market Dynamics:

Drivers:

The industry for bio-butanol is primarily driven by the rising demand for butyl acrylates on a global scale. The manufacturing of paints, coatings, and adhesives uses butyl acrylates extensively, and demand for bio-butanol is expected to rise as the global building industry expands. Due to its widespread use as the primary solvent, bio-butanol is crucial to the production of these products. It also has exceptional mixing qualities, which makes it a highly favored substance. Also, a significant portion of the growth in the consumption of bio-butanol can be attributed to the rising demand for biofuels. These elements are anticipated to influence the industry in the near future.   

Restraints:

Owing to increased environmental concerns and technical improvements, people have begun to switch from buying gasoline-powered cars to buying electric hybrids. As a result, the share of electric car consumption has increased.

The development of bio butanol market is expected to encounter technological challenges that will limit market growth. The high price of raw resources hinders bio butanol market expansion. In the upcoming years, it is projected that rising consumer demand for carbon-free electricity would accelerate market expansion.

Key Players:

• Butalco Gmbh

• Energy Quest

• Butyl Fuel LLC

• Eastman Chemical Company

• Cobalt Technology

• Gevo

• Cathy Industrial Biotech Limited

• Cobalt Technology

• Granbio

• Abengoa 

• Celtic Renewables

• Cathay Industrial Biotech

• Green Biologics

• Phytonix

Market Segmentation:

Bio Butanol Market, By Applications

• Acetates

• Plasticizers

• Acrylates

• Glycol Ethers

• Biofuel

Bio Butanol Market, By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

The regions of North America, Europe, Asia Pacific, and the Rest of the World are divided into in the global bio-butanol market. The bio-butanol market in the Asia Pacific is dominating and is anticipated to grow at the quickest CAGR during the projection period. The economies of countries like China and India are significantly influenced by global economic trends. The region's automotive and construction sectors are boosting the market for bio-butanol.

Europe’s bio-butanol market accounted for over XX% of the global market volume share. Government initiatives and stringent environmental regulations have resulted in driving demand over the past few years and the trend is expected to continue over the forecast period. The presence of numerous manufacturers in Western Europe has been a major factor propelling growth.

Scope of the report:

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