Europe Bio Butanol Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation
Europe Bio Butanol Market was valued at USD 3.39 billion in 2023. The Europe Bio Butanol Market size is estimated to grow at a CAGR of 6 % over the forecast period.
Format : PDF | Report ID : SMR_1000
Europe Bio Butanol Market Definition:
Biobutanol is mainly derived from the fermentation of sugars in organic feedstocks. The most common method of producing biobutanol is the simple sugar in biomass feedstock. biobutanol is generally applied as a plasticizer to decorate the chemical intermediate for butyl esters or butyl ethers in plastic materials. Growing environmental concerns over the release of immoderate greenhouse gases in recent years have brought about a growth in the demand for bio-primarily based total goods. Further, the Bio-butanol market is segmented by Raw material, Application, End User, and geography. On the basis of the raw material, the Bio Butanol market is segmented into cereals, sugarcane, sugar beet, wood, corn, and others. On the basis of the application, the market is segmented into acrylate, acetates, glycol ethers, biofuel, and others. Based on the end-user the market is segmented into transportation, construction, medical, and power generation. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France, and the Rest of Europe For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
To get more Insights: Request Free Sample Report
Europe Bio Butanol COVID 19 Insights:
A large number of biobutanol companies have felt the impact of the COVID19 pandemic in many respects and are now focusing on long-term sustainable growth. As the International biobutanol and other chemical industries play an important role in the economic recovery of countries, bio-enterprises are likely to witness potential opportunities in the short term. . During this period of crisis, raw materials providers and different related companies are being driven to reconsider their procedures in an effort to cater to this enterprise. Due to the epidemic, residential and business construction has come to a standstill.
Europe Bio Butanol Market Dynamics:
The construction market in Europe is expected to record a CAGR of 7.8% to reach USD 2700 billion by 2027. The Rise in the construction sector for higher infrastructure around the arena will power the bio-butanol marketplace as it's far used as a key raw material fabric withinside the manufacturing of paints, coatings, plasticizers, and adhesives. As the increase in the construction projects will lead to an increase in the consumption of the bio-butanol products this will help in the growth of the bio-butanol market.
Germany dominates the Europe Bio Butanol market as in Germany, the production and consumption of biobutanol are increasing in the country. Germany is expected to grow with the highest growth rate in the forecast period of 2022 to 2027 because of the increasing demand for bio-based fuel in automotive in the country and is leading the growth of the European Bio Butanol market due to the easy production of bio-based butanol.
The Bio-butanol market is being taken over by Europe owing to favorable government policies towards the production and use of Bio-butanol as biofuel, as well as the growing awareness of the fight against environmental pollution caused by the use of conventional fuel in inland countries
One of the major markets retrains is the impact of solvent-based systems on human and environmental health. Acute health risks associated with solvent-based systems include headache, dizziness, and light-headedness, which can lead to unconsciousness and seizures. Some other side effects of using this system include inflammation of the nose and throat. Volatile organic compounds introduced into paint systems are harmful to the environment and human health. Process paint releases volatile organic compounds during drying. Several challenges and limitations are encountered that will hinder the overall growth of the market. Factors such as commodity price volatility and scarcity are expected to slow growth over the forecast period. In addition, environmental regulations regarding N-butanol are limiting the growth of the market.
Europe Bio Butanol Market Segment Analysis:
By Raw Material: based on the raw material the market is segmented into cereals, sugarcane, sugar beet, wood, corn, and others. The cereals segment is expected to dominate in terms of revenue over the forecast time. The growth is attributed to the benefits offered by the cereal segment due to low manufacturing cost and easy processing and to its low saturated fat contents stop these factors are primarily responsible for the greater market share of the cereals segment in the biobutanol market. Therefore, the cereals are the major raw material in processing biobutanol with the increase in demand for raw materials of biobutanol, the increased cereals production might help the market growth for bio-butanol.
By Application: based on the application the market is segmented into acrylate, acetates, glycol ethers, biofuel, and others. The acrylates segments led the international marketplace in phrases of Application in the forecast period. The market in Europe is expected to grow to 1.1 billion USD by 2030 with an expected growth rate of 4.4% in the forecast period. Acrylate is used as a chemical intermediate because of its chemical shape and capabilities, and it's far expected to drive the market.
Europe Bio Butanol Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Europe Bio Butanol market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Bio Butanol market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Bio Butanol Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Europe Bio Butanol market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Bio Butanol market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Bio Butanol market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Bio Butanol market. The report also analyses if the Europe Bio Butanol market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Europe Bio Butanol market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Bio Butanol market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Bio Butanol market is aided by legal factors.
Europe Bio Butanol Market Scope:
Europe Bio Butanol Market |
|
Market Size in 2023 |
USD 3.39 Bn. |
Market Size in 2030 |
USD 5.10 Bn. |
CAGR (2024-2030) |
6 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
By Raw materials
|
By Application
|
|
Country Scope |
|
Europe Bio Butanol Market Key Players:
- Abengoa (Spain)
- Bioenergy International (Sweden)
- Butalco Gmbh (Germany)
- Metabolic Explorer SA (France)
- Solvay SA (Belgium)
- SGPS SA
- UPM Kymmene (Finland)
- BASF SE (Germany)
Frequently Asked Questions
The market size of the Europe Bio Butanol Market by 2030 is expected to reach USD 5.10 Billion.
The forecast period for the Europe Bio Butanol Market is 2024-2030
The market size of the Europe Bio Butanol Market in 2023 was valued at USD 3.39 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Europe Bio Butanol Market: Target Audience
- Europe Bio Butanol Market: Primary Research (As per Client Requirement)
- Europe Bio Butanol Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Europe Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Europe Bio Butanol Market Segmentation
- Europe Bio Butanol Market by Raw Material (2023-2030)
- Cereals
- Sugar cane
- Sugar beet
- Wood
- Corn
- others
- Europe Bio-butanol Market, by Application (2023-2030)
- Acrylates
- Acetates
- Glycol Ethers
- Others
- Europe Bio-butanol Market, by End-User (2023-2030)
- Transportation
- Constructions
- Medicals
- Power generations
- Europe Bio Butanol Market, by Country (2023-2030)
- Italy
- France
- Russia
- United kingdom
- Rest of Europe
- Europe Bio Butanol Market by Raw Material (2023-2030)
- Company Profiles
- Key Players
- Abengoa (Spain)
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Bioenergy International (Sweden)
- Butalco Gmbh (Germany)
- Metabolic Explorer SA (France)
- Solvay SA (Belgium)
- SGPS SA
- UPM Kymmene (Finland)
- BASF SE (Germany)
- Abengoa (Spain)
- Key Players
- Key Findings
- Recommendations