Press release
Biobutanol Market Report, Size, Trends, Growth Rate, Demand, Forecast 2023-2028
Biobutanol Market
The global biobutanol market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
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Biobutanol is an advanced biofuel, a type of alcohol produced through the fermentation of biomass. It is considered a promising alternative to conventional fuels like gasoline due to its superior properties and environmental benefits. Biobutanol is derived from various renewable biological resources, including agricultural waste, sugar cane, corn, and cellulose materials, making it a sustainable fuel option. It has a higher energy content than ethanol, another common biofuel, and can be used in gasoline engines without modifications. This compatibility extends to the existing fuel distribution systems, as biobutanol can be blended with gasoline at higher concentrations than ethanol without the need for separate infrastructure. Biobutanol also exhibits lower volatility and a higher flash point compared to ethanol, reducing the risk of vaporization and flammability.
Market Trends:
The shift towards renewable energy and sustainable practices is driving the global market. Biobutanol, an alcohol produced through fermentation of biomass, is emerging as a promising biofuel due to its various advantageous properties. Moreover, the increasing emphasis on reducing reliance on fossil fuels and curbing greenhouse gas emissions is catalyzing the growth of the market. Biobutanol offers an eco-friendly alternative to traditional fuels, with lower emissions and a higher energy content compared to other biofuels, such as ethanol. Advancements in biotechnology and fermentation processes are also propelling market growth. Research and development efforts have led to more efficient and cost-effective production methods, making biobutanol a more viable option for widespread use. These technological improvements are critical in scaling up production and reducing costs, which are essential for the broader adoption of biobutanol.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/biobutanol-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• Abengoa
• 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
Biobutanol Market Segmentation:
Our report has categorized the market based on region, raw material, application and end use industry.
Breakup by Raw Material:
• Cereal Crops
• Sugarcane Bagasse
• Waste Biomass
• Others
Breakup by Application:
• Acrylates
• Acetates
• Glycol Ethers
• Biofuel
• Others
Breakup by End Use Industry:
• Transportation
• Construction
• Medical
• Power Generation
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
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Email: sales@imarcgroup.com
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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