Bio-butanol Markets - Global Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026 - Alternative to Ethanol & Increasing Consumption of Biofuels in Aviation Industry - ResearchAndMarkets.com
Technological challenges in production are expected to hinder the growth of the market studied.\nThe acrylates segment dominated the market, and is expected to grow at a significant rate during the forecast period, owing to the increasing production of butyl acrylates.\nIncreasing consumption of biofuels in the aviation industry is likely to act as an opportunity in the future.\nThe Asia-Pacific region was the largest consumer of bio-butanol.
- Technological challenges in production are expected to hinder the growth of the market studied.\nThe acrylates segment dominated the market, and is expected to grow at a significant rate during the forecast period, owing to the increasing production of butyl acrylates.\nIncreasing consumption of biofuels in the aviation industry is likely to act as an opportunity in the future.\nThe Asia-Pacific region was the largest consumer of bio-butanol.
- The demand for butyl acrylate is expected to be the highest in Asia-Pacific, owing to the increasing production of adhesives, textiles, and coatings, followed by the Middle East & African region.\nThe aforementioned factors are expected to drive the demand for bio-butanol, over the forecast period.\nIn the Asia-Pacific region, China accounts for the largest market share in bio-butanol consumption.
- Major adhesive manufacturers are expanding their product line in India.\nSuch aforementioned factors are expected to drive the market growth, over the forecast period.\nThe bio-butanol market is in the nascent stage and is apparently a consolidated one.
- The key players include Cathay Industrial Biotech, Gevo inc., and Butamax Advanced Biofuels, LLC, among others.\n'