Global Bio-Isobutene Market can certainly attain a CAGR of more than 100% during 2021-2026

According to the MarkNtel Advisors' research report, "Global Bio-Isobutene Market Analysis, 2021," the market is likely to grow at a CAGR of more than 100% during 2021-26 on account of the increasing production of isobutene polymers due to burgeoning application in rubbers, cosmetics, and plastics, surging inclination to rise in the proportion of biofuel in diesel and jet fuel. According to EIA, the percentage of biofuel is likely to reach 9.0% in 2040 from 7.3% in 2019.

Moreover, the rising consumption of bio-based fuels, the surging demand for producing bio-isobutene, and the need for high-quality gasoline due to strict regulations for carbon emissions are the factors accelerating the global market growth.

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Key questions answered in the study
1. What are the current and future trends in the global Bio-Isobutene market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global Bio-Isobutene market?
5. What are the customer orientation, purchase behavior, and expectations from the global Bio-Isobutene market service provider across various regions?

Bio-Based Plastic to Witness an Astronomical Growth

Based on End-User, Bio-based Plastic likely to witness an astronomical growth in the Global Bio-Isobutene market over the forecast timeline. The surging of bioplastic products to reduce organic waste like food & yard debris, curb GHG emission, and conserve fossil fuel reserves are the factors further proliferating the segment growth.

Besides, the Butyl Rubber segment is also experiencing a considerable rate owing to a significant rise in the production of tires & tubes in the automotive industry, thereby infusing the demand for bio-isobutene in rubber manufacturing.

"Global Bio-Isobutene Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Bio-Isobutene providers across the globe. Moreover, the report also encompasses the key strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

For detailed analysis: https://www.marknteladvisors.com/research-library/global-bio-isobutene-market.html

North America Acquired a Significant Market Share
North America acquired a significant market share in the Global Bio-Isobutene market in 2019. The US dominated the North American region. The growth attributed to increasing collaboration among companies for the production of bio-isobutene for fuel and lubricant additives and boosting demand for rubber in the automotive industry. The emerging market of specialty fuel & polymer grade bio-isobutene in the country is propelling the global Bio-Isobutene market growth in the forecast period, says MarkNtel Advisors in their research report, "Global Bio-Isobutene Analysis, 2021."

According to MarkNtel Advisors, the key industry leaders in the Global Bio-Isobutene market are Dow Chemicals, Gevo, Inc., Butagaz, Global Bioenergies, BASF SE, Clariant, Lanxess AG, Eastman Chemical Company, Exxon Mobil Corporation, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, INEOS, Sinopec Corp, etc.

Market Segmentation:
1. By Type (Straw derived Bio-Isobutene, Sugar beet and Sugar cane derived Bio-Isobutene, Wood derived Bio-Isobutene, Cereals derived Bio-Isobutene, Tubers derived Bio-Isobutene)
2. By End-User (Fuel, Lubricant Additives, Bio-Based Cosmetic Ingredients, Butyl Rubber, Organic Glass, Bio-Based Plastics)
3. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
4. By Country (US, Canada, Mexico, Brazil, Germany, France, The UK, Italy, Spain, GCC, South Africa, India, China, South Korea, Japan)
5. By Competitors (Dow Chemicals, Gevo, Inc., Butagaz, Global Bioenergies, BASF SE, Clariant, Lanxess AG, Eastman Chemical Company, Exxon Mobil Corporation, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, INEOS, Sinopec Corp)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.