Market Overview
Bio-Isobutene is a chemical produced through fermentation of renewable resources, and various industries like transportation, rubber, and cosmetic use it.
According to the publisher's research report, Global Bio-Isobutene Market Analysis, 2021, the market is likely to grow at a CAGR of more than 100% during 2021-26. This growth attributes to the surging use of bio-isobutene as a fuel additive in aerospace, increasing demand for environment-friendly, socio-economic sustainable renewable resources, and burgeoning applications ranging from rubber, cosmetics, plastic, etc.
Besides, the introduction of stringent policies and rising government support for developing cleaner & alternate fuel due to growing greenhouse gas emissions & increasing oil-sourced fuel consumption is likely to propel the demand for bio-isobutene.
Market Segmentation
Straw derived Bio-Isobutene Holds Significant Market Share
Within the Type segment, straw-derived Bio-Isobutene held a significant market share in the Global Bio-Isobutene market in 2019 due to the increasing partnerships among companies toward wheat straw owing to the surging proportion of biogenic isobutene in gasoline and its burgeoning application in cosmetic products, lubricants, rubbers, and fuel additives.
Moreover, rising funding in R&D of innovative technologies for converting biological residues and wastes into greener products. Thus, this is further propelling the need for straw-derived bio-isobutene, says the author' in their research report, Global Bio-Isobutene Market Analysis, 2021.
Fuel Segment Witness Robust Growth
Based on End-User, the Fuel segment is likely to witness robust growth in the Global Bio-Isobutene market over the forecast period. The boost in the consumption of oil-derived fuels like gasoline & petroleum negatively impacts the environment due to increasing levels of CO2 in the atmosphere.
The burgeoning emergence of renewable aviation fuel and rising concern for global warming & ocean acidification encourage alternate solutions like biofuel for road transportation, thereby promulgating the segment growth.
Regional Landscape
Europe Accounted for the Largest Market Share
Europe accounted for the largest market share in the Global Bio-Isobutene market in 2019. The growth attributes to increasing funding by European Union (EU) for producing wood-derived bio-isobutene for its use in jet fuel & gasoline and intensifying research & innovation for efficiently converting residual biomass into the generation of renewable isobutene.
Under the European Horizon 2020 program, the surging public-private partnership of the European Union and the Bio-Based Industries Consortium (BIC) allow companies under BIC to develop & commercialize bio-isobutene. Germany & France dominated the European region due to the strong foothold of giant market leaders, the introduction of research & innovative programs, and mounting demand for sustainable & alternative aviation fuels owing to robust growth in the aviation sector.
Market Driver
Increasing Inclination Toward Sustainable Renewable Resources
The surging government initiative to achieve carbon reduction targets across various end-user industries and increasing demand for alternate jet fuel have propelled the need for sustainable renewable resources. Moreover, the increased number of bio-isobutene demo plants due to the growing focus on its production is positively influencing the global market growth.
Competitive Landscape
According to the publishers, the major leading players in the global Bio-Isobutene market are Eastman Chemical Company, INEOS, Sinopec, BASF SE, Corp, Dow Chemicals, Exxon Mobil Corporation, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, Clariant, Lanxess AG, Gevo, Inc., Butagaz, Global Bioenergies, etc.
Key Questions Answered in the Market Research Report:
1. What are the primary overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Bio-Isobutene Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Bio-Isobutene Market?
4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in the Global Bio-Isobutene Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Bio-Isobutene Market study?
Table of Contents
1. Introduction
6. Global Bio-Isobutene Market Dynamics
9. Global Bio-Isobutene Market Trade Analysis
11. Global Bio-Isobutene Market Outlook, 2016- 2026F
12. North America Bio-Isobutene Market Outlook, 2016-2026F
13. South America Bio-Isobutene Market Outlook, 2016-2026F
14. Europe Bio-Isobutene Market Outlook, 2016-2026F
15. Middle East & Africa Bio-Isobutene Market Outlook, 2016-2026F
16. Asia Pacific Bio-Isobutene Market Outlook, 2016-2026F
18. Competition Outlook
Companies Mentioned
- BASF SE
- Exxon Mobil Corporation
- LanzaTech Inc.
- Songwon Industrial
- Butamax Advanced Biofuels LLC
- Clariant
- Lanxess AG
- Eastman Chemical Company
- INEOS
- Sinopec Corp
- Dow Chemicals
- Gevo Inc.
- Butagaz
- Global Bioenergies
Methodology
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