Market Size of Bio-butanol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Bio-Butanol Market Analysis
The bio-butanol market is projected to register a CAGR of over 8% during the forecast period.
The COVID-19 pandemic negatively affected the market due to lockdowns and the temporary shutdown of manufacturing plants. However, the rising application of bio-butanol in acrylates for the paint and coatings industry will boost the adoption of the bio-butanol industry.
- Major factors driving the market are that bio-butanol reduces carbon emissions and is gaining prominence as a building block for chemical manufacturing.
- On the flip side, technological challenges in production are expected to hinder the growth of the market studied.
- Bio-butanol is generating interest as a potential green alternative to petroleum fuels. As discussed above,bio-butanol exhibits fewer emissions than other transport fuels. Therefore, this is expected to offer new growth opportunities for the industry.
- The Asia-Pacific region was the largest consumer of bio-butanol. Growing production of coatings, adhesives, resins, and textiles in countries such as China, India, and Japan is driving market growth.
