Technavio’s market research analysis identifies the high usage of bio-based butanol for manufacturing consumer products as one of the primary growth factors for the bio-based butanol market. Various consumer products are manufactured using bio-based butanol that is used either as a feedstock or a solvent in synthesizing resins and specialty chemicals. Butanol is an essential chemical used in the preparation of various intermediates and products in the chemical industry and is valued more as a chemical than as a fuel. Advancements in technology and the increasing R&D in the production of specialty chemicals will contribute to the growth of bio-based butanol market. According to this industry research report, this market will grow steadily at a CAGR of more than 9% by 2021.
Owing to its ability to be used directly as a replacement for ethanol fuel in the automotive sector without any engine modifications, the demand for bio-based butanol will considerable increase in the coming years. Several large vendors are entering into mergers and acquisitions to expand their product portfolio or to collaboratively launch a new product. Moreover, they are increasingly investing in the bio-based butanol market since it can be easily produced in the existing butanol plants. Our market research analysts predict that the increasing number of strategic alliances will be one of the key trends that will contribute to the growth of the bio-based butanol market.
Competitive landscape and key vendors
The market is highly fragmented due to the presence of several key vendors competing based on developing products using new technology and strategic alliances. The high growth potential of the bioethanol market, the increasing demand for bio-based fuels, government policies across the globe, and use of eco-friendly biofuels will contribute to the growth of the vendors in the bio-based butanol market.
The leading vendors in the market are -
Butamax Advanced Biofuels
Eastman Chemical Company
The other prominent vendors in the market are Cathay Industrial Biotech, Green Biologics, Metabolic Explorer, Safeguard Biosystems, Syntec Biofuel, and Zeochem.
Segmentation by product type and analysis of the bio-based butanol market
Acrylate is increasingly used in the production of industrial coatings, decorative coatings, tablet coatings, paints in automobiles, and water-based coatings. Additionally, it is also used as a construction adhesive and as monomers in the production of polymers. This will drive the market’s growth prospects in this segment since butanol is used as the feedstock to produce acrylate.
Geographical segmentation and analysis of the bio-based butanol market
North America will be the primary contributor to bio-based butanol market and this will be mainly influenced by the appropriate climatic condition for growing feedstocks and the incentives provided by the government for the bio-synthetic routes of bio-based butanol production. Manufacturers in this region are increasingly taking measures to produce bio-based butanol through alternative feedstocks as well.
Key questions answered in the report include
What will the market size and the growth rate be of the global bio-based butanol market in 2021?
What are the key factors driving the global bio-based butanol market?
What are the key market trends impacting the growth of the global bio-based butanol market?
What are the challenges to market growth?
Who are the key vendors in the global bio-based butanol market?
What are the market opportunities and threats faced by the vendors in the global bio-based butanol market?
Trending factors influencing the market shares of the global bio-based butanol market in Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global bio-based butanol market?