As per the current market research conducted by the CMI Team, the global Bio-butanol Market size is expected to record a CAGR of 8.9% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 16.87 Billion. By 2033, the valuation is anticipated to reach USD 37.48 Billion.
Bio-butanol Market: Overview
According to industry experts at CMI, bio-butanol is defined as a chemical compound intended to use transportation fuels and another organic solvent. The bio-butanol market is driven by several factors, including the increasing automotive industry in the developing and developed economy.
Moreover, stringent government regulations regarding increasing environmental pollution due to greenhouse gases drive industry growth. Furthermore, the growing construction industry across the globe is another important variable for the penetration of the industry growth. However, the presence of alternatives and technical complexity in the production process hampering the market expansion during the forecast period.
Bio-butanol Market: Growth Factors and Dynamics
Advantages over other biofuels
The bio-butanol market is expanding due to several advantages compared to other biofuels. Compared to ethanol and biodiesel, they have a higher energy content, nearly 85% of gasoline. This increased energy density improved fuel efficiency and driving ranges in transportation usage. Also, bio-butanol compatibility with existing infrastructure propels the market growth.
Shift towards a sustainable economy
The global shift toward a circular economy drives the industry’s expansion because they prioritize resource efficiency, sustainability and waste reduction. The renewable feedstocks are crucial for the circular economy. Bio-butanol can be made from several biomass sources, including non-food crops, food waste, and agricultural residues.
This uses waste products that would otherwise impact the environment to minimize reliance on fossil fuels. Bio-butanol production can help close the resource usage loop, reducing waste and improving sustainability by using waste and by-products from other sectors.
Competition from alternatives
The availability of several biofuels, including ethanol, biodiesel, and biogas, impacts the bio-butanol market growth. Higher energy density and compatibility with current infrastructure are among the major benefits of bio-butanol. Still, it has several disadvantages, such as increased production costs and limited consumer awareness.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 16.87 Billion |
| Projected Market Size in 2033 | USD 37.48 Billion |
| Market Size in 2023 | USD 15.98 Billion |
| CAGR Growth Rate | 8.9% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Raw Material, Application, Industry Vertical and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
Bio-butanol Market: New Launches and Acquisitions
- In September 2021, Gevo Inc. announced the acquisition of the Butamax patent estate. This acquisition helped to produce renewable isobutanol and derivative renewable fuel products.
List of the prominent players in the Bio-butanol Market:
- Abengoa
- Celtic Renewables
- Cathay Industrial Biotech
- Eastman Chemical Company
- Gevo Inc
- Green Biologics
- GranBio
- Metabolic Explorer
- Phytonix
- Working Bugs LLC
- Others
The Bio-butanol Market is segmented as follows:
By Raw Material
- Cereal Crops
- Sugarcane Bagasse
- Waste Biomass
- Others
By Application
- Acrylates
- Acetates
- Glycol Ethers
- Biofuel
- Others
By Industry Vertical
- Transportation
- Construction
- Medical
- Power Generation
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America