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. Looking forward, IMARC Group expects the global biobutanol market to exhibit moderate growth during 2021-2026. 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.
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Key Market Segmentation:
Competitive Landscape With Key Players:
- 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.
- W2 Energy Inc.
Market Breakup by Raw Material:
1. Cereal Crops
2. Sugarcane Bagasse
3. Waste Biomass
Market Breakup by Application:
3. Glycol Ethers
Market Breakup by End Use Industry:
3. Power Generation
Market Breakup by Region:
1. North America
4. Latin America
5. Middle East and Africa
Key highlights of the report:
1. Market Performance
2. Market Outlook
3. Porter’s Five Forces Analysis
4. Market Drivers and Success Factors
5. SWOT Analysis
6. Value Chain
7. Competitive Structure
8. Profiles of Key Players
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