Market Size of Bio-butanol Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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.
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| Acrylates | |
| Acetates | |
| Glycol ethers | |
| Plasticizers | |
| Biofuel | |
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Bio-butanol Market Size Summary
The bio-butanol market is poised for significant growth, driven by its application in reducing carbon emissions and its role as a building block in chemical manufacturing. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted manufacturing activities, the market is expected to recover and expand, particularly due to the increasing use of bio-butanol in acrylates for the paint and coatings industry. The Asia-Pacific region, especially countries like China, India, and Japan, is a major consumer, fueled by the rising production of coatings, adhesives, resins, and textiles. This region's dominance is further supported by the growing demand for butyl acrylates, which are essential in various industrial applications.
The market landscape is characterized by a few key players, including Arkema Group, BASF SE, and Dow, who are actively expanding their production capacities to meet the rising demand. The acquisition of the Butamax patent estate by Gevo Inc. highlights the strategic moves within the industry to enhance intellectual property and production capabilities. As bio-butanol emerges as a potential green alternative to petroleum fuels, it presents new growth opportunities, despite facing technological challenges in production. The market's consolidation and the strategic expansions by major companies indicate a robust future trajectory, with the Asia-Pacific region continuing to lead in consumption and production.
Bio-butanol Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Emphasis on Reduction in Carbon Emissions
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1.1.2 Gaining Prominence as a Building Block for Chemical Manufacturing
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1.2 Restraints
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1.2.1 Technological Challenges in Production
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1.2.2 High Production Cost
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1.2.3 Unfavorable Conditions Due to the COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Acrylates
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2.1.2 Acetates
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2.1.3 Glycol ethers
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2.1.4 Plasticizers
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2.1.5 Biofuel
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2.1.6 Other Applications
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Bio-butanol Market Size 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.
