June 14, 2022 08:09 ET | Source: Facts & Factors Facts & Factors
NEW YORK, NY, June 14, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Bio-Butanol Market – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Bio-Butanol Market size & share In terms of revenue was worth USD 14,385.1 million in 2021 and it is expected to surpass around USD 21,058.5 million mark, by 2028, growing at a compound annual growth rate (CAGR) of about 7.04% during the forecast period 2022 to 2028.”
What is Bio-Butanol? How big is the Bio-Butanol Industry?
Biobutanol, also known as bio-based butanol fuel, is a second-generation alcoholic fuel that has a higher energy density and lower volatility than ethanol. Additionally, biobutanol is an essential raw material in the production of glycol ethers. Biobutanol is also referred to as bio-based butanol fuel. In addition, biobutanol is frequently utilised as a plasticizer in order to improve the chemical intermediate for butyl esters or butyl ethers in plastic materials. This is one more benefit of using biobutanol. In recent years, rising environmental concerns regarding the emission of excessive greenhouse gases (GHG) have led to a growth in the demand for products that are derived from bio-based materials.
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Global Bio-Butanol Market: Dynamics
One of the primary factors driving the market’s growth is the increasing demand for energy-efficient fuel sources around the world. With growing public concern about the discharge of excessive greenhouse gases (GHG) into the environment, there is a movement in preference toward alternative fuels and renewable energy sources, which is driving market expansion. In accordance with this, the widespread use of bio-butanol in the production of compounds such as butyl acrylates is also fueling market expansion. It’s also used to make acetates, acrylates, glycol ethers, and other industrial solvents.
Furthermore, developments in fermentation and cellulose extraction technologies are boosting market expansion. Other reasons, such as rising biofuel usage in the aviation and fleet transportation sectors, as well as the implementation of favorable government policies encouraging the use of bio-based products, are expected to propel the market even further. Rapid industrialization and urbanization in important nations such as China and India have boosted bio-Butanol demand in recent years. The growing population in emerging nations, particularly in APAC, as well as the demand for enhanced infrastructure and residential spaces, are likely to promote worldwide bio-Butanol consumption. One of the primary market restraints is the detrimental impact of solvent-based systems on human and environmental health.
Browse the full “Bio-Butanol Market By Raw Material (Cereal Crops, Sugarcane Bagasse, Waste Biomass, Others) By Application (Acrylates, Acetates, Glycol Ethers, Biofuel, Others), By End-Use Industry (Transportation, Construction, Medical, Power Generation, Others), and By Region – Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/bio-butanol-market
Bio-Butanol Market: COVID-19 Impact Analysis
COVID-19 impacted various industries. Lockdowns in multiple countries and logistical issues have hurt the sectors. Supply chain interruptions, human shortages, logistical restrictions, component shortages, demand reduction, inadequate corporate finances, and lockouts in numerous nations have hurt the sector. In this crisis, raw material suppliers and other enterprises must reconsider their strategies to serve this industry. The outbreak has halted residential and commercial construction. During the crisis, this industry’s bio-butanol demand will be low to medium.
Delays in order delivery, supply chain constraints, a lack of people and equipment, and a lack of materials are all major concerns. After the crisis, demand for bio-Butanol is expected to surge. Even without shutdowns, restrictions on personnel and materials have slowed operations. Countries relaxed restrictions and opened business in many industries in 2020. Even after the lockout, bio-Butanol facilities will have trouble restarting. This affects bio-Butanol sales.
Bio-Butanol Market: Segmentation Overview
The global Bio-Butanol market is segregated based on Raw Material, Application, and End-Use Industry.
In terms of Application, the acrylates category led the global market in the forecast period. Growing demand for the product from different coatings applications such as paper coatings, leather coatings, and water-based coatings is likely to drive growth throughout the forecast period. Furthermore, increased R&D on bio-butanol as a motor fuel to replace gasoline due to its better physical qualities and cost-effectiveness is projected to generate new market prospects in the near future.
In terms of Raw Materials, Cereals represented a substantial proportion of the bio-butanol market in the forecast period. Butanol may be produced from a range of agricultural and forestry leftovers, as well as some energy crops, such as apple pomace, potato peel, brewer’s wasted malt, corn cobs, corn stover, and corn fiber. Whereas the production process includes pre-treatment of wheat straw with dilute sulphuric acid to enhance cellulose accessibility to hydrolytic enzymes. The pretreated wheat straw is then hydrolyzed with hydrolytic enzymes to break down the cellulose into simple 5-carbon or 6-carbon sugars, followed by a combination fed-batch fermentation/gas stripping process to convert the sugars to butanol without product inhibition. As cereals are the primary raw material used in the manufacturing of bio-butanol, an increase in cereal output may aid in the expansion of the bio-butanol industry.
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The report contains qualitative and quantitative research on the global Bio-Butanol Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.
List of Key Players in the Global Bio-Butanol Market:
Key Insights from Primary Research:
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Key questions answered in this report:
Asia Pacific is likely to have considerable notable market expansion throughout the projection period because of government funding for R&D and a strong industrial base.
The existence of stringent environmental and regulatory laws in North America will result in market growth that is above average throughout the projection period. The region’s rebounding industrial sector is projected to assist market development.
Rapid urbanization in emerging economies like India and China is fuelling construction demand, which is contributing to growth. Other important sectors in this region include cosmetics and textiles, which have seen an increase in demand for bio-butanol due to its improved characteristics.
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The global Bio-Butanol market is segmented as follows:
By Raw Material
By End-Use Industry
To know an additional revised 2022 list of market players, request a sample report: https://www.fnfresearch.com/sample/bio-butanol-market
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