Bio-Butanol Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bio-Butanol Market Analysis
The bio-butanol market is projected to register a CAGR of over 8% during the forecast period.
The COVID-19 pandemic negatively affected the market due to lockdowns and the temporary shutdown of manufacturing plants. However, the rising application of bio-butanol in acrylates for the paint and coatings industry will boost the adoption of the bio-butanol industry.
- Major factors driving the market are that bio-butanol reduces carbon emissions and is gaining prominence as a building block for chemical manufacturing.
- On the flip side, technological challenges in production are expected to hinder the growth of the market studied.
- Bio-butanol is generating interest as a potential green alternative to petroleum fuels. As discussed above,bio-butanol exhibits fewer emissions than other transport fuels. Therefore, this is expected to offer new growth opportunities for the industry.
- The Asia-Pacific region was the largest consumer of bio-butanol. Growing production of coatings, adhesives, resins, and textiles in countries such as China, India, and Japan is driving market growth.
Bio-Butanol Market Trends
Acrylates to Dominate the Market
- Bio-butanol is used as an intermediate for the production of butyl acrylates, which are used in producing paints and coatings, adhesives, and textiles, among others.
- The Asia-Pacific region is the major consumer of butyl acrylates, dominated by Japan, followed by North America and Europe. The demand for butyl acrylate is expected to be the highest in the Asia-Pacific region, owing to the increasing production of adhesives, textiles, and coatings, followed by the Middle East and Africa.
- Arkema Group, BASF SE, BASF Petronas Chemicals Sdn Bhd, CNPC, and Dow are some major butyl acrylates manufacturers. Few of the companies mentioned above are focusing on increasing the production capacity of butyl acrylate due to increasing demand.
- In August 2021, BASF SE and SINOPEC planned to expand their Verbund site operated by a 50-50 joint venture, namely, BASF-YPC Co. Ltd (BASF-YPC), in Nanjing, China. It includes the capacity expansion of various downstream chemical plants, including a new tert-butyl acrylate plant, to cater to the growing Chinese market. The expanded and new plants are planned to come on stream in 2023.
The Asia-Pacific Region to Dominate the Market
- In the Asia-Pacific region, China accounts for the largest market share in bio-butanol consumption. The country is the largest producer of paints and coatings in the Asia-Pacific region, with an estimated coating production of more than 15 million metric tons, which is expected to increase significantly in the near future.
- China is the world's largest plastic producer, accounting for nearly one-third of global plastic production. Moreover, the country averaged 6.5 million to 7.5 million tons of plastic product production from August 2020 to August 2021.
- In May 2021, PPG announced the completion of its USD 13 million investment in its Jiading, China, paints and coatings facility, including eight new powder coating production lines and an expanded powder coatings technology center that is expected to enhance PPG's R&D capabilities. The expansion will likely increase the plant's capacity by more than 8,000 metric tons annually.
- The Indian chemical industry produces 80,000 different chemical products, covering bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilizers. According to the India Brand Equity Foundation (IBEF), the domestic chemicals sector's small and medium enterprises are expected to showcase an 18%-23% revenue growth in FY22, owing to an improvement in domestic demand.
Bio-Butanol Industry Overview
The bio-butanol market is in the nascent stage and is apparently a consolidated one. The major players of the market studied (not in any particular order) include Cathay Industrial Biotech, Gevo Inc., GranBio, Eastman Chemical Company, and Abengoa.
Bio-Butanol Market Leaders
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Cathay Industrial Biotech Ltd
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Gevo
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GranBio
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Eastman Chemical Company
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Abengoa
*Disclaimer: Major Players sorted in no particular order
Bio-Butanol Market News
- September 2021: Gevo Inc. acquired the Butamax patent estate. This adds fundamental patents to its portfolio to produce renewable isobutanol and derivative renewable fuel products. The Butamax patent estate acquisition is expected to increase Gevo's intellectual property value now that Gevo owns the Butamax patents.
Bio-Butanol Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Report
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Emphasis on Reduction in Carbon Emissions
- 4.1.2 Gaining Prominence as a Building Block for Chemical Manufacturing
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4.2 Restraints
- 4.2.1 Technological Challenges in Production
- 4.2.2 High Production Cost
- 4.2.3 Unfavorable Conditions Due to the COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Application
- 5.1.1 Acrylates
- 5.1.2 Acetates
- 5.1.3 Glycol ethers
- 5.1.4 Plasticizers
- 5.1.5 Biofuel
- 5.1.6 Other Applications
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 Italy
- 5.2.3.4 France
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Abengoa
- 6.4.2 Celtic Renewables
- 6.4.3 Cathay Industrial Biotech
- 6.4.4 Eastman Chemical Company
- 6.4.5 Gevo Inc
- 6.4.6 Green Biologics
- 6.4.7 GranBio
- 6.4.8 Metabolic Explorer
- 6.4.9 Phytonix
- 6.4.10 Working Bugs LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Alternative to Ethanol
- 7.2 Increasing Consumption of Biofuels in the Aviation Industry
Bio-Butanol Industry Segmentation
Bio-butanol is a renewable fuel produced from waste biomass feedstocks. It offers properties such as low water miscibility, flammability, and corrosiveness. It is used as an alternative to conventional transportation fuels. The bio-butanol market is segmented by application (acrylates, acetates, glycol ethers, plasticizers, biofuel, and other applications) and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report also covers the market size and forecasts for the concrete repair mortar market in 15 countries across major regions. The market sizing and forecasts for each segment have been done based on volume (million gallons) for all the above segments.
| Application | Acrylates | |
| Acetates | ||
| Glycol ethers | ||
| Plasticizers | ||
| Biofuel | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Bio-Butanol Market Research FAQs
What is the current Bio-butanol Market size?
The Bio-butanol Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Bio-butanol Market?
Cathay Industrial Biotech Ltd, Gevo, GranBio, Eastman Chemical Company and Abengoa are the major companies operating in the Bio-butanol Market.
Which is the fastest growing region in Bio-butanol Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bio-butanol Market?
In 2024, the Asia-Pacific accounts for the largest market share in Bio-butanol Market.
What years does this Bio-butanol Market cover?
The report covers the Bio-butanol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bio-butanol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bio Butanol Industry Report
Statistics for the 2024 Bio Butanol market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bio Butanol analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
