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Bio-butanol Market: By Raw Material, By Application, and Region Forecast 2019-2030
Bio-butanol Market: By Raw Material, By Application, and Region Forecast 2019-2030
Bio-butanol market size was valued at US$ 15,207.6 million in 2023 and is anticipated to grow at a CAGR of 8.4 % from 2024-2030. The bio-butanol or butyl alcohol is a renewable and sustainable alternative to traditional petroleum-based butane, produced through the fermentation of biomass feedstocks such as sugar cane, corn, wheat, and other agricultural residues. Bio-butanol has several uses in a variety of sectors and demonstrates chemical characteristics that are comparable to those of regular butanol. The bio-butanol market has gained significant attention in recent years due to its potential as a renewable fuel which has an edge over conventional petroleum-based fuels in terms of creating a cleaner environment.
Moreover, ongoing research and development efforts in bio-butanol production technologies create opportunities for process optimization, and scalability the bio-butanol market. However, Production cost of bio-butanol and its scale-up challenges limit the bio-butanol production hence hamper the growth of the bio-butanol market. A large number of market participants collaborate, invest in, and develop new products to expand the bio-butanol market. For instance, in May 2021, PPG industries announced the completion of a $13 million investment at a Jiading, China paint and coatings facility that will augment PPG’s research and development capabilities.
Study Period
2024-2030Base Year
2023CAGR
8.4%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The increasing awareness and demand for cleaner and sustainable transportation fuels as well as rising concerns about climate change, air quality, and health impacts drive the demand for biofuels. These factors eventually increased consumers' willingness to choose fuels with lower environmental impacts and bio-butanol offers a viable option that satisfies these preferences. Moreover, bio-butanol finds application not only as a renewable fuel but also as a chemical feedstock. It can be also be used in the production of food-grade extractants, chemical intermediates, herbicides, and other chemicals. Because of its adaptability, bio-butanol may serve a variety of industries, including the industrial, chemical, and automotive sectors.
Bio-butanol has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America bio-butanol market is anticipated to dominate at a significant CAGR over the forecast years owing to the region’s optimal climate, favorable government laws and policies promoting renewable fuels production, including biofuels. The existence of cutting-edge biorefineries and a developed agricultural sector in nations like the US and Canada creates a reliable supply chain for the production of feedstock, which further boosts market development. The European Union has set renewable energy targets and mandates for biofuels, including bio-butanol, which stimulates the bio-butanol market growth. In Europe, nations like Germany, the UK, and France have put supporting regulations and incentives into place, fostering a favourable environment for the development of biofuels.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 15,207.6 million |
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Market CAGR |
8.4% |
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By Raw Materials |
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By Application |
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By Region |
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Bio-butanol market size was valued at US$ 15,207.6 million in 2023 and is anticipated to grow at a CAGR of 8.4 % from 2024-2030.
The increasing demand for renewable fuels, and increasing collaboration and partnerships are some of the factors that create potential opportunities for the growth of the bio-butanol market.
Increasing focus on sustainable and renewable energy, technological advancements in production processes, and the availability and diversification of biomass feedstocks are some of the major trends in the bio-butanol market.
SINOPEC, Cathay Industrial Biotech Ltd, Gevo, Chevron, GranBio, Eastman Chemical Company, Arkema Group, BASF SE, BASF Petronas Chemicals Sdn Bhd, CNPC, and Dow, PPG , BUTALCO GmbH, Phytonix Corporation, Renewable Energy Group, METabolic Explorer, Tetravitae Bioscience, Cobalt Technologies are a few companies operating in bio-butanol market.
| 1.Executive Summary |
| 2.Global Bio-butanol Market Introduction |
| 2.1.Global Bio-butanol Market - Taxonomy |
| 2.2.Global Bio-butanol Market - Definitions |
| 2.2.1.Raw Materials |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Bio-butanol Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Bio-butanol Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Bio-butanol Market By Raw Materials, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Sweet Sorghum Bagasse |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Sugar Cane Straw |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Sugar Beet Pulp |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Rice Straw |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Wheat Straw |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Hardwood |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Corn Fiber |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Waste Paper |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Ohers |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6.Global Bio-butanol Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Bio-Fuel |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Acrylates |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Solvents |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Plasticizers |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Acetates |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Glycol Ethers |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Bio-butanol Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Bio-butanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Sweet Sorghum Bagasse |
| 8.1.2.Sugar Cane Straw |
| 8.1.3.Sugar Beet Pulp |
| 8.1.4.Rice Straw |
| 8.1.5.Wheat Straw |
| 8.1.6.Hardwood |
| 8.1.7.Corn Fiber |
| 8.1.8.Waste Paper |
| 8.1.9.Ohers |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Bio-Fuel |
| 8.2.2.Acrylates |
| 8.2.3.Solvents |
| 8.2.4.Plasticizers |
| 8.2.5.Acetates |
| 8.2.6.Glycol Ethers |
| 8.2.7.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Bio-butanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Sweet Sorghum Bagasse |
| 9.1.2.Sugar Cane Straw |
| 9.1.3.Sugar Beet Pulp |
| 9.1.4.Rice Straw |
| 9.1.5.Wheat Straw |
| 9.1.6.Hardwood |
| 9.1.7.Corn Fiber |
| 9.1.8.Waste Paper |
| 9.1.9.Ohers |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Bio-Fuel |
| 9.2.2.Acrylates |
| 9.2.3.Solvents |
| 9.2.4.Plasticizers |
| 9.2.5.Acetates |
| 9.2.6.Glycol Ethers |
| 9.2.7.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Bio-butanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Sweet Sorghum Bagasse |
| 10.1.2.Sugar Cane Straw |
| 10.1.3.Sugar Beet Pulp |
| 10.1.4.Rice Straw |
| 10.1.5.Wheat Straw |
| 10.1.6.Hardwood |
| 10.1.7.Corn Fiber |
| 10.1.8.Waste Paper |
| 10.1.9.Ohers |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Bio-Fuel |
| 10.2.2.Acrylates |
| 10.2.3.Solvents |
| 10.2.4.Plasticizers |
| 10.2.5.Acetates |
| 10.2.6.Glycol Ethers |
| 10.2.7.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Bio-butanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Sweet Sorghum Bagasse |
| 11.1.2.Sugar Cane Straw |
| 11.1.3.Sugar Beet Pulp |
| 11.1.4.Rice Straw |
| 11.1.5.Wheat Straw |
| 11.1.6.Hardwood |
| 11.1.7.Corn Fiber |
| 11.1.8.Waste Paper |
| 11.1.9.Ohers |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Bio-Fuel |
| 11.2.2.Acrylates |
| 11.2.3.Solvents |
| 11.2.4.Plasticizers |
| 11.2.5.Acetates |
| 11.2.6.Glycol Ethers |
| 11.2.7.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Bio-butanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Sweet Sorghum Bagasse |
| 12.1.2.Sugar Cane Straw |
| 12.1.3.Sugar Beet Pulp |
| 12.1.4.Rice Straw |
| 12.1.5.Wheat Straw |
| 12.1.6.Hardwood |
| 12.1.7.Corn Fiber |
| 12.1.8.Waste Paper |
| 12.1.9.Ohers |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Bio-Fuel |
| 12.2.2.Acrylates |
| 12.2.3.Solvents |
| 12.2.4.Plasticizers |
| 12.2.5.Acetates |
| 12.2.6.Glycol Ethers |
| 12.2.7.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.SINOPEC |
| 13.2.2.Cathay Industrial Biotech Ltd |
| 13.2.3.Gevo, Chevron |
| 13.2.4.GranBio |
| 13.2.5.Eastman Chemical Company |
| 13.2.6.Arkema Group |
| 13.2.7.BASF SE |
| 13.2.8.BASF Petronas Chemicals Sdn Bhd |
| 13.2.9.CNPC |
| 13.2.10.Dow |
| 13.2.11.PPG |
| 13.2.12.BUTALCO GmbH |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.