14-Sep-2020 | Zion Market Research
As per the researchers at Zion Market Research, the global bio-butanol market is anticipated to expand at a CAGR of over 6.9% during the forecast period from 2020 to 2020. A few of the prominent players actively participating in the global bio-butanol market consist of Butalco GmBH, Arbor Biofuels, DuPont/British Petroleum, Bioenergy International, Gevo, Cobalt Biofuels, METabolic Explorer, TetraVitae Biosciences, and Green biologics limited, among others.
Low Carbon Emission Characteristics Expected To Surge The Demand For Bio-Butanol
The global bio-butanol market is projected to witness a considerable growth during the forecast period because of the rising need for a substitute renewable energy resource, together with the low carbon emission traits of bio-butanol. Further, the increasing environmental worries owing to the emission of greenhouse gasses into the surroundings and rising support of government for the production of bio-butanol are a few other key factors anticipated to fuel the expansion of the global bio-butanol market in the years to come. Additionally, the rising rate of depletion of fuel reserves will further boost the demand for biofuels, and ultimately result in market expansion. The changing petroleum prices are also expected to propel the market growth in the near future. Bio-butanol has several applications within the manufacture of paints, coatings, plasticizers, and adhesives. Thus, rising need for green paints & coatings is anticipated to drive the global bio-butanol market during the forecast period.
By Application, Acrylates Segment Anticipated To Hold The Highest Share In The Global Market
Based on application, acrylates segment is projected to maintain its supremacy over the global bio-butanol market during the period of assessment. Bio-butanol is utilized as an intermediate in the manufacture of butyl acrylates that are then utilized in the manufacture of adhesives, textiles, and paints & coatings, among others. The rising need for such products from several end-user industries is expected to cause a surge in product demand, thus fueling the market growth. There is a steady rise in the manufacture of paints and coatings because of its escalated demand from the automotive, industrial coating, and construction applications. Likewise, the need for adhesives is increasing as well, fueled primarily by the flourishing infrastructural & construction activities, growing requirement for furniture, increasing automotive production, and so on. All of these factors are anticipated to propel the growth of the global bio-butanol market.
Asia Pacific Expected To Lead The Global Bio-Butanol Market During The Forecast Period
Regionally, the global bio-butanol market is projected to be ruled by Asia Pacific during the forecast period registering considerable revenue share. This regional growth can be attributed to the existence of leading manufacturing firm in Asia Pacific, particularly in the developing countries like china and India. Furthermore, the rising government support for research and development activities is expected to boost the market growth in this region. In addition, the North America market is also anticipated to exhibit a considerable rate of growth over the forecast period on account of stringent environmental policies and regulation in this region.
Browse the full “Global Bio-Butanol Market - By Application (Acetates, Biofuel, Acrylates, Plasticizers, Glycol Ethers, And Other Applications), By Raw Material (Sugar, Wood, Corn, And Wheat), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/bio-butanol-market
The global bio-butanol market is segmented as follows:
By Raw Material
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