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Bio-butanol Market Revenue Opportunities and Analysis By Worldwide Top Manufacturers - Bioenergy International, Butalco GmBH, Cobalt Biofuels, and Arbor Biofuels
Bio-butanol
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Bio-butanol is also used as a cleaner, adhesives, jet fuel, synthetic rubber, solvent in paints, bio-based plastics, and fibers. They are also expected to meet 20% of the demand for fuel, globally. Growing demand for clean energy, is the main factor boosting demand for bio-butanol. Bio-butanol exhibit polymer chain formation and blending properties, due to which it finds its application in products such as acrylates, acetates, glycol ethers, solvents, and plasticizers.
North America holds the largest market share due to low temperature weather in most of the countries of the region. Europe is the second-largest market, globally. Significant investment in R&D in these regions has resulted in alternatives for petroleum derived fuels.
Asia Pacific is estimated to be the fastest growing market over the forecast period due to the growing population in the region, which in turn, is increasing the demand for cleaner fuel for transportation as well as greener paints and coatings to support the growing construction industry in the region. India and China are expected to be major growth engines due to growing aviation and transportation industries in the countries.
Bio-butanol Market Challenges
Some of the key companies operating in the market are Biobutanol include Bioenergy International, Butalco GmBH, Cobalt Biofuels, and Arbor Biofuels, backed by oil manufacturers such as TetraVitae Biosciences and Metabolic Explorers.
Bio-butanol Market Taxonomy
On the basis of raw material, the bio-butanol market is segmented into:
Wheat
Sugar beet
Corn
Straw
Wood
Others
On the basis of application, the bio-butanol market is segmented into:
Acrylates
Acetates
Glycol ethers
Solvents
Plasticizers
Others
On the basis of end users, the bio-butanol market is segmented into:
Petrochemical industry
Automobile industry
Aviation industry
Consumer goods
Textile industry
Others
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