Bio-Butanol Market Outlook with Expected 9.25% CAGR 2018-2023 | Worldwide Top Key Players - Butalco GmBH, Butyl Fuel, Celanese, Cobalt Technologies, Energy Quest, Gevo, Green Biologics

Marketprognosis.com Publish a New Market Research Report On “Global Bio-Butanol Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Bio-Butanol Market:

The Global Bio-Butanol Market is expected to register a CAGR of 9.25% during the forecast period, 2018-2023.

Major factors, such as growing demand from the automotive sector, combined with government regulations regarding environment degradation, are expected to drive the market.

In recent times, bio butanol has been witnessing an increasing demand form the automotive industry, owing to its intrinsic properties. Bio butanol has good energy content of 105,000 BTU’s/gallon making it preferable as fuel. Also, it is less corrosive, therefore, making it suitable for engines without changing the engine modifications. In addition, EPA, which tests vehicle and fuel emissions, has confirmed that it reduces emissions, namely hydrocarbons, carbon monoxide (CO), and oxides of nitrogen (NOx). Therefore, these intrinsic properties have increased its demand in the automotive industry, thereby, driving the market.

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The market is segmented on the basis of application. Motor fuel is the dominant application and is expected to grow at a good rate because of better intrinsic properties making it preferable for the automotive industry. In addition, adhesive application, along with personal care product applications, is expected to increase with growing usage as construction adhesive, further augmented by the growing textile and cosmetic industries in APAC countries, like China, India, etc.

North America is the major contributor to the bio-based butanol market because of incentives by the government for bio-based butanol production. Manufacturers in the United States are taking measures to produce bio-butanol through mergers. Gevo has collaborated with Argonne National Laboratory and the National Renewable Energy Laboratory (NREL) to develop a predictive octane blending model for isobutanol and gasoline blendstocks for oxygenated blending (BOBs). Ongoing research in this field is expected to drive the market in the region. The US Department of Energy launched three Bioenergy Research Centers. of which, the Great Lakes Bioenergy Research Center (GLBRC), led by the University of Wisconsinu2013Madison, has started focusing on developing bio-butanol. Asia-Pacific is a potential market with growing adoptions of bio butanol production technology in countries, like India, China, and Japan.

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Major Key Players:

1 Butalco GmBH

2 Butamax Advanced Biofuels LLC

3 Butyl Fuel LLC.

4 Celanese

5 Cobalt Technologies

6 Eastman Chemicals

7 Energy Quest

8 Gevo

9 Green Biologics

10 METabolic Explorer and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Bio-Butanol Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.