Bio-butanol Market Growth & Trends
The global bio-butanol market size is expected to reach USD 29.37 billion by 2030, expanding at a CAGR of 9.2% from 2024 to 2030. Bio-butanol market is expected to witness significant growth in the next seven years owing to rising need for bio-based chemicals in place of petroleum based chemicals owing to their similar material characteristics, in addition to lower carbon footprints.
Tight raw material supply on account of food consumption being primary focus of corn and sugarcane is expected to be a major concern over the forecast period. Bio-butanol can be used as a drop-in replacement to petroleum-based butanol in all its applications. Depleting petroleum resources coupled with volatile oil prices has contributed towards the increasing need for bio-butanol.
Glycol ethers are expected to grow at a CAGR of 9.7% from 2024 to 2030, in terms of revenue. Rising demand for glycol ethers on account of their various applications including solvents in liquid soaps, cosmetics, cleaning compounds, resins, paints, perfume and inks is expected to fuel growth in the next seven years.
Bio-butanol Market Report Highlights
- The acrylate segment dominated the market and accounted for a share of 37.4% in 2023. This is attributable to the fact that bio-butanol's is used as a key ingredient in the production of butyl acrylate, which is widely used in paints, coatings and adhesives. Additionally, improved properties of bio-based acrylates, including sustainability and environmental benefits, will contribute to market penetration.
- Asia Pacific bio-butanol market dominated the market in 2023. This is attributable to strong economies in the region, especially China, a major producer of paints and automobiles, are driving demand for bio-butanol as a sustainable feedstock for various industries.
- Europe bio-butanol market was identified as a lucrative region in this industry. Europe enforces some of the most stringent environmental regulations globally, mandating a significant reduction in greenhouse gas emissions.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Bio-butanol Market Variables, Trends, & Scope
Chapter 4. Bio-butanol Market: Application Estimates & Trend Analysis
Chapter 5. Bio-butanol Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
Companies Mentioned
- GranBio
- Eastman Chemical Company
- Abengoa
- Cobalt Technologies
- Metabolic Explorer
- Phytonix
- Celtic Renewables
- Working Bugs
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 15.86 Billion |
| Forecasted Market Value ( USD | $ 29.37 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
