According to the latest report by IMARC Group, titled “Biobutanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global biobutanol market grew at a CAGR of around 9% during 2015-2020. Biobutanol, or butyl alcohol, is an excellent renewable energy source used as a transport fuel, industrial solvent, and chemical feedstock. It contains four carbon atoms and is obtained from the fermentation of starch, sugar, and cellulose in organic feedstocks. As compared to ethanol, biobutanol is non-corrosive, immiscible, and less flammable. It also has a higher energy content with lower vapor pressure. Upon combustion, it releases fewer hydrocarbons, nitrogen oxide, and carbon monoxide. On account of these properties, biobutanol is widely used as an energy source in internal combustion (IC) engines and the manufacturing of rubber, paints, coatings, resins, plasticizers, pharmaceuticals, food-grade extractants, chemical intermediates, and herbicides.
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Global Biobutanol Market Trends:
The rising demand for renewable energy and alternative fuel generation sources, coupled with increasing overall consciousness, represents one of the key factors driving the market growth. The widespread adoption of biobutanol for the manufacturing of various chemicals, such as butyl acrylates, is acting as another major growth-inducing factor. Biobutanol is also used for the production of acetates, acrylates, glycol ethers and other industrial solvents, which, in turn, is creating a positive outlook for the market. Other factors, including the increasing consumption of biofuels in the aviation industry and fleet transportation sector, the implementation of favorable government policies encouraging the use of bio-based products, and technological advancements in the field of cellulose extraction, are also anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global biobutanol market to exhibit moderate growth during the next five years.
Market Breakup by Raw Material:
- Cereal Crops
- Sugarcane Bagasse
- Waste Biomass
Market Breakup by Application:
- Glycol Ethers
Market Breakup by End Use Industry:
- Power Generation
Market Breakup by Region:
On a regional basis, the market has been spread across North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
Competitive Landscape with Key Player:
- Abengoa SA
- Biocleave Limited
- Bioenergy International
- Butalco GmBH (Lesaffre)
- Butamax Advanced Biofuels LLC (BP and Corteva)
- Eastman Chemical Company
- Gevo Inc
- Metabolic Explorer SA
- Solvay SA
- W2 Energy Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry 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.
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