What is Bio-based Butanol - Global Market?
Bio-based Butanol, also known as renewable butanol, is a type of alcohol produced from agricultural feedstocks. It is a four-carbon alcohol and has been considered as a potential biofuel. The global market for Bio-based Butanol is growing steadily, driven by the increasing demand for cleaner and renewable sources of energy. The market was valued at US$ 96.6 million in 2022 and is expected to reach US$ 123.3 million by 2029, growing at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2029.
Bio-Based N-butanol, Bio-Based Isobutanol in the Bio-based Butanol - Global Market:
The North American region holds the largest share of the Bio-based Butanol market, accounting for approximately 89% of the total market. This can be attributed to the region's strong focus on renewable energy sources and the presence of key market players. China follows North America, holding about 4% of the market share. The Chinese market is driven by the country's increasing industrialization and its commitment to reducing carbon emissions.
Biofuel, Industrial Solvent, Others in the Bio-based Butanol - Global Market:
The Bio-based Butanol market is highly concentrated, with the top three companies holding about 92% of the total market share. These companies have a strong foothold in the market, thanks to their extensive product portfolios, strategic partnerships, and strong distribution networks.
Bio-based Butanol - Global Market Outlook:
Bio-based Butanol is used in a variety of applications, including as a biofuel, an industrial solvent, and in other applications. As a biofuel, it offers several advantages over traditional fuels, including lower carbon emissions, improved engine performance, and the potential for lower fuel costs. As an industrial solvent, Bio-based Butanol is used in a wide range of industries, including paints and coatings, adhesives, and plastics. Other applications of Bio-based Butanol include its use in the production of rubber, textiles, and paper.
| Report Metric | Details |
| Report Name | Bio-based Butanol - Market |
| Forecasted market size in 2029 | US$ 123.3 million |
| CAGR | 3.5% |
| Forecasted years | 2023 - 2029 |
| Global Bio-based Butanol market, by region: |
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| Global Bio-based Butanol market, Segment by Type: |
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| Global Bio-based Butanol market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
