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Bio-butanol Market Expected to Collect $17.78 Billion By 2022: Grand View Research Inc.

April 03
12:09 2019
Bio-butanol Market Expected to Collect $17.78 Billion By 2022: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Bio-butanol market is expected to witness significant growth in the next seven years owing to rising need for bio-based chemicals in place of petroleum based chemicals owing to their similar material characteristics, in addition to lower carbon footprints.

According to a report,“Bio-butanol Market Analysis By Application (Acrylates, Acetates, Glycol Ethers, Solvents, Plasticizers), And Segment Forecasts To 2022”, published by Grand View Research, Inc., the global bio-butanol market is expected to reach USD 17.78 billion by 2022. Bio-butanol market is expected to witness significant growth in the next seven years owing to rising need for bio-based chemicals in place of petroleum based chemicals owing to their similar material characteristics, in addition to lower carbon footprints.

Key Takeaways from the report:

  • Prevalence of favorable government support for use of bio-based products coupled with stringent environment regulations on synthetically derived products is expected to augment growth in North America and Europe over the forecast period. Growing demand for greener paints and coatings in Asia Pacific has resulted in stimulating demand over the last few years. Low manufacturing cost and ease of refining is driving demand from various end use industries.

  • Bio-butanol demand in acetates exceeded 780 kilo tons in 2014. Growing demand from the textile industry is expected to stimulate growth over the next seven years. They are increasingly being used in detergents, cleaners and polishes which has augmented growth.

  • Europe bio-butanol market accounted for over 25.0% of the global market volume share in 2014. Government initiatives and stringent environment regulations has resulted in driving demand over the past few years and the trend is expected to continue over the forecast period. Presence of numerous manufacturers in Western Europe has been a major factor propelling growth.

  • Green Biologics, Solvay, Butamax, Cobalt Technologies and Gevo dominated the global industry in 2014. These companies are integrated across various stages of the value chain. Integration across numerous stages of the value chain results in continuous raw material supply as well as low manufacturing cost.

  • Advancement in fermentation and cellulosic extraction technology over the last few years has been a major reason for shifting trend towards bio-butanol. Joint ventures and alliances among various manufacturers and suppliers is a key feature of this market.

North America bio-butanol market by application, 2012-2022, (Kilo Tons)

North America bio-butanol market by application, 2012-2022, (Kilo Tons)

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Tight raw material supply on account of food consumption being primary focus of corn and sugarcane is expected to be a major concern over the forecast period.  Bio-butanol can be used as a drop-in replacement to petroleum-based butanol in all its applications. Depleting petroleum resources coupled with volatile oil prices has contributed towards the increasing need for bio-butanol.

Glycol ethers are expected to grow at a CAGR of 10.9% from 2015 to 2022, in terms of revenue. Rising demand for glycol ethers on account of their various applications including solvents in liquid soaps, cosmetics, cleaning compounds, resins, paints, perfume and inks is expected to fuel growth in the next seven years. 

Grand View Research has segmented the bio-butanol market on the basis of application and region:

Bio-butanol Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Acrylates 

  • Acetates

  • Glycol ethers

  • Solvents

  • Plasticizers

  • Others

Bio-butanol Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America

    • U.S.

  • Europe

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

  • RoW

    • Brazil

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/bio-butanol-industry

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