PUBLISHER: IMARC | PRODUCT CODE: 1541394
PUBLISHER: IMARC | PRODUCT CODE: 1541394
The global biobutanol market size reached US$ 1.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
Biobutanol, or butyl alcohol, refers to a chemical compound used as a fuel in internal combustion (IC) engines or an organic solvent. It consists of four carbon atoms and is usually manufactured by microbial fermentation of starch, sugar and cellulosic feedstock. In comparison to the conventionally used ethanol and gasoline, it is non-corrosive in nature, immiscible in water, has higher energy content and flammability limits and lower vapor pressure. It also releases lesser quantities of hydrocarbons, nitrogen oxide and carbon monoxide upon combustion. As a result, biobutanol is widely used in the manufacturing of rubber, paints, coatings, resins, plasticizers, pharmaceuticals, food-grade extractants, chemical intermediates and herbicides.
The increasing demand for energy-efficient sources of fuel across the globe represents one of the key factors driving the growth of the market. With the increasing environmental concerns among the masses regarding the release of excessive greenhouse gasses (GHG) into the environment, there is a shifting preference towards alternative fuels and renewable energy sources, thereby driving the market growth. In line with this, widespread adoption of biobutanol for the manufacturing of chemicals, such as butyl acrylates, is also contributing to the market growth. It is also used for the production of acetates, acrylates, glycol ethers and other industrial solvents. Additionally, various advancements in the fermentation and cellulosic extraction technologies are favoring the market growth. Other factors, including increasing consumption of biofuels in the aviation industry and fleet transportation sector, along with the implementation of favorable government policies promoting the use of bio-based products, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global biobutanol market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on raw material, application and end use industry.
Cereal Crops
Sugarcane Bagasse
Waste Biomass
Others
Acrylates
Acetates
Glycol Ethers
Biofuel
Others
Transportation
Construction
Medical
Power Generation
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abengoa, Biocleave Limited, Bioenergy International, Butalco GmBH (Lesaffre), Butamax Advanced Biofuels LLC (BP and Corteva), Eastman Chemical Company, Gevo Inc., Metabolic Explorer SA, Solvay S.A. and W2 Energy Inc.