Press release
Global Bio-based Butanol Market Expected to Grow at a CAGR of 9.27% during the period 2017-2021
Market Research HUB
Bio-based butanol is used as a chemical or solvent in the synthesis of acrylate, acetate, glycol ether, direct solvents, plasticizers, and other chemicals. These chemicals are in turn widely used in applications such as paints, plastics, textiles, coatings, polymer composites, and ceramics. Currently, bio-based butanol is used as a prominent solvent for a wide range of applications, and it is gaining popularity for its use as a biofuel, which is predicted to become an alternative to ethanol in future.
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Bio-based butanol is used as a solvent for many purposes such as chemical and textile processes and is used as a thinner in coating industries and places where slow evaporating solvents are required. The advantage is that it prevents deterioration of coating in humid conditions. It is one of the most preferred solvents used in lacquers and baking finishes from urea. Even when the product is used in a small quantity, it increases the flow and brush-ability of alkyd resin paints. In the coming years, the growth of the global chemicals and coatings market will drive the growth of the global bio-based butanol market because of bio-based butanol's wide use as a preferable solvent in the chemicals and coatings industry.
Technavios analysts forecast the global bio-based butanol market to grow at a CAGR of 9.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bio-based butanol market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Americas
APAC
Europe
ROW
Technavio's report, Global Bio-based Butanol Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Butalco
Butamax Advanced Biofuels
Cobalt Technologies
Eastman Chemical Company
GEVO
Green Biologics
Other prominent vendors
Cathay Industrial Biotech
Green Biologics
Metabolic Explorer
Safeguard Biosystems
Syntec Biofuel
Zeochem
Market driver
High usage of bio-based butanol for manufacturing consumer products
For a full, detailed list, view our report
Market challenge
Increasing price of feedstock
For a full, detailed list, view our report
Market trend
Increasing number of strategic alliances
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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