Bio-Isobutene Market Key Vendors, Opportunities, In-Depth Analysis by Regional and Country Perspectives
Rising popularity of biofuels and increase in government initiatives are key factors driving the growth of the market.
— Emerging research
VANCOUVER, BC, CANADA, May 17, 2022 /EINPresswire.com/ — The global bio-isobutene market is expected to reach a market size of USD 34.68 billion with a CAGR of 3.3% in 2028, according to the latest analysis of Emerging Research. The need to reduce the environmental impact due to carbon emissions is a key driver for the growth of the global bio-isobutene market. It is used in a variety of applications including agriculture and the pharmaceutical industry. The growing awareness and use of biofuels in the transportation sector is a major driver of market growth.
Increasing investment in research and development of biofuels is also contributing to the growth of the market. Another factor that is expected to drive the growth of the market is the emphasis placed by governments around the world on reducing pollution and encouraging the use of biofuels. Additionally, government policies and regulations aimed at encouraging and facilitating the entry of new players into the market are contributing to the growth of the market. For example, the National Biofuels Policy, 2018, of the Government of India aims to adopt biofuels and renewable energy efficiency standards.
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In February 2021, HCS Group and Gevo signed a strategic agreement to produce sustainable aviation fuel and low carbon chemicals in Europe.
In February 2019, Global Bioenergies partnered with Clariant to produce batches of wheat straw-based isobutene that can be used in plastics, fuels, lubricants, solvents and cosmetics applications.
North America accounted for the largest revenue share in the global market in 2020 and is expected to grow at a considerably rapid rate during the forecast period. This can be attributed to the huge investments in bio-isobutene research and development in the region. The presence of large companies in the market in the region is also a driving factor for the growth of the market.
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The Bio-Isobutene market report also includes an in-depth study of the key players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. It helps readers and business owners formulate strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, agreements with companies and governments, etc. The report also talks about the expansions that these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The main companies studied in the report are:
Gevo, Inc., Global Bioenergies, Butagaz, BASF SE, ExxonMobil, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, Clariant and INEOS.
Emergen Research has segmented the global bio-isobutene market based on product type, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Methyl tert-butyl ether (MTBE)
Tertiary Butyl Ethyl Ether (ETBE)
Application Outlook (Revenue, USD Billion; 2018-2028)
Chapter 1 includes an introduction of the global Bio-Isobutene market, along with a comprehensive market overview, market scope, product offerings, and investigation of the market drivers, growth opportunities, risks, constraints and other vital factors.
Chapter 2 offers an in-depth analysis of key manufacturers engaged in this business vertical along with their sales and revenue estimates.
Chapter 3 details the highly competitive terrain of the market, highlighting the major manufacturers and suppliers.
In Chapter 4, our team has fragmented the market based on regions, highlighting the sales, revenue and market share of each region over the forecast period.
Chapters 5 and 6 have focused on market segmentation based on product type and application.
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The report throws light on the region expected to dominate the bio-isobutene market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimation of the market share that each region is expected to hold during the forecast period. The report analyzes the spread of the bio-isobutene market in key geographies covering North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The regional analysis gives an idea of production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and presence leading players in each region.
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Finally, all aspects of the Bio-Isobutene Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market based on market drivers, limitations and future prospects
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