The global biobutanol market size reached US$ 1.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 2.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.15% during 2023-2032.
Biobutanol, or butyl alcohol, refers to a chemical compound used as a fuel in internal combustion (IC) engines or an organic solvent. It consists of four carbon atoms and is usually manufactured by microbial fermentation of starch, sugar and cellulosic feedstock. In comparison to the conventionally used ethanol and gasoline, it is non-corrosive in nature, immiscible in water, has higher energy content and flammability limits and lower vapor pressure. It also releases lesser quantities of hydrocarbons, nitrogen oxide and carbon monoxide upon combustion. As a result, biobutanol is widely used in the manufacturing of rubber, paints, coatings, resins, plasticizers, pharmaceuticals, food-grade extractants, chemical intermediates and herbicides.
The increasing demand for energy-efficient sources of fuel across the globe represents one of the key factors driving the growth of the market. With the increasing environmental concerns among the masses regarding the release of excessive greenhouse gasses (GHG) into the environment, there is a shifting preference towards alternative fuels and renewable energy sources, thereby driving the market growth. In line with this, widespread adoption of biobutanol for the manufacturing of chemicals, such as butyl acrylates, is also contributing to the market growth. It is also used for the production of acetates, acrylates, glycol ethers and other industrial solvents.
Additionally, various advancements in the fermentation and cellulosic extraction technologies are favoring the market growth. Other factors, including increasing consumption of biofuels in the aviation industry and fleet transportation sector, along with the implementation of favorable government policies promoting the use of bio-based products, are anticipated to drive the market further.
2. What is the expected growth rate of the global biobutanol market during 2024-2032?
3. What are the key factors driving the global biobutanol market?
4. What has been the impact of COVID-19 on the global biobutanol market?
5. What is the breakup of the global biobutanol market based on the application?
6. What is the breakup of the global biobutanol market based on the end use industry?
7. What are the key regions in the global biobutanol market?
8. Who are the key players/companies in the global biobutanol market?
Biobutanol, or butyl alcohol, refers to a chemical compound used as a fuel in internal combustion (IC) engines or an organic solvent. It consists of four carbon atoms and is usually manufactured by microbial fermentation of starch, sugar and cellulosic feedstock. In comparison to the conventionally used ethanol and gasoline, it is non-corrosive in nature, immiscible in water, has higher energy content and flammability limits and lower vapor pressure. It also releases lesser quantities of hydrocarbons, nitrogen oxide and carbon monoxide upon combustion. As a result, biobutanol is widely used in the manufacturing of rubber, paints, coatings, resins, plasticizers, pharmaceuticals, food-grade extractants, chemical intermediates and herbicides.
The increasing demand for energy-efficient sources of fuel across the globe represents one of the key factors driving the growth of the market. With the increasing environmental concerns among the masses regarding the release of excessive greenhouse gasses (GHG) into the environment, there is a shifting preference towards alternative fuels and renewable energy sources, thereby driving the market growth. In line with this, widespread adoption of biobutanol for the manufacturing of chemicals, such as butyl acrylates, is also contributing to the market growth. It is also used for the production of acetates, acrylates, glycol ethers and other industrial solvents.
Additionally, various advancements in the fermentation and cellulosic extraction technologies are favoring the market growth. Other factors, including increasing consumption of biofuels in the aviation industry and fleet transportation sector, along with the implementation of favorable government policies promoting the use of bio-based products, are anticipated to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global biobutanol market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on raw material, application and end use industry.Breakup by Raw Material:
- Cereal Crops
- Sugarcane Bagasse
- Waste Biomass
- Others
Breakup by Application:
- Acrylates
- Acetates
- Glycol Ethers
- Biofuel
- Others
Breakup by End Use Industry:
- Transportation
- Construction
- Medical
- Power Generation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abengoa, Biocleave Limited, Bioenergy International, Butalco GmBH (Lesaffre), Butamax Advanced Biofuels LLC (BP and Corteva), Eastman Chemical Company, Gevo Inc., Metabolic Explorer SA, Solvay S.A. and W2 Energy Inc.Key Questions Answered in This Report
1. How big is the global biobutanol market?2. What is the expected growth rate of the global biobutanol market during 2024-2032?
3. What are the key factors driving the global biobutanol market?
4. What has been the impact of COVID-19 on the global biobutanol market?
5. What is the breakup of the global biobutanol market based on the application?
6. What is the breakup of the global biobutanol market based on the end use industry?
7. What are the key regions in the global biobutanol market?
8. Who are the key players/companies in the global biobutanol market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Biobutanol Market
6 Market Breakup by Raw Material
7 Market Breakup by Application
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Abengoa
- Biocleave Limited
- Bioenergy International
- Butalco GmBH (Lesaffre)
- Butamax Advanced Biofuels LLC (BP
- Corteva)
- Eastman Chemical Company
- Gevo Inc.
- Metabolic Explorer SA
- Solvay S.A.
- W2 Energy Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.4 Billion |
| Forecasted Market Value ( USD | $ 2.2 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
