Biobutanol Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Biobutanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global biobutanol market grew at a CAGR of around 9% during 2015-2020. 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. Looking forward, IMARC Group expects the global biobutanol market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global biobutanol market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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:

How has the global biobutanol market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global biobutanol market?
What are the key regional markets?
What is the breakup of the market based on the raw material?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global biobutanol market and who are the key players?
What is the degree of competition in the industry?