North America Bio-butanol Market- Industry Analysis and Forecast (2024-2030)

North America Bio-butanol Market Definition:

Biobutanol may be used as a fuel in an internal combustion engine. It is more similar to gasoline than it is used to Bio-butanol. Do tall is a drop-in fuel and thus works in vehicle design for use with gasoline without modification panels. It can be used as fuel as well as has other applications too. Further, the Bio-butanol market is segmented by Raw material, Application, End User, and geography. On the basis of the raw material, the 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 North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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North America Bio-butanol COVID 19 Insights:

The outbreak of COVID-19 has affected most industries running throughout the globe. Most of the main nations the world over introduced their lockdowns that have resulted into the disruption of the delivery chain of companies. Lack of uncooked materials, manpower, and soar of their off-premise income has affected the manufacturing of biobutanol. Further, decreased finished product demand for from end-use industries hampered the boom of the international bio butanol marketplace in 2021.

 

North America Bio-butanol Market Dynamics:

The Bio-butanol market is being taken over by North America 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.

 

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. The North American construction market has valued at around 2.1 trillion USD in the year 2021. The market is expected to grow with a ca GR of 4.5 percent during the forecast period. Hence, this will drive the demand for biobutanol as this will lead to an increase in demand for adhesives, coating, and others.

 

One of the main drivers of the market is the application of Bio-butanol as a biofuel. The auto market has grown rapidly in recent years and has faced many problems in controlling air pollution. Bio-butanol is blended into gasoline at concentrations of up to 10% and 15% to address the growing problem of air pollution caused by cars. The addition of Bio-butanol provides key benefits in terms of improved fuel economy, increased thermal efficiency, and easier winter cold starts. The United States and Brazil are the countries that dominate the world in terms of the use of Bio-butanol as biofuel.

 

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. In addition, reduced Dop(Bis(2Ethylhexyl)Phthalate) consumption in North America and poor economies of scale for small capacity plants are potential constraints hindering the market’s overall growth. Internationally for Butanol. One of the primary markets retrains is the impact of solvent-based systems on human and environmental health. Acute health risks associated with solvent-based systems include headaches dizziness and headedness, which can escalate to unconsciousness and seizures.

 

North America 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.  In terms of volume, the cereal segment led the market in 2023 with a 45% market share. The easy availability of maize and the development of efficient technologies Internationally have fuelled the growth of this segment. Grain Bio-butanol is mainly produced by dry milling, and 1 bushel of corn can produce 2.86 gallons of denatured Bio-butanol.

 

 

By Application: based on the application the market is segmented into acrylate, acetates, glycol ethers, biofuel, and others. The market in North America is expected to grow to 954 million USD by 2030 with an expected growth rate of 4.6% in the forecast period. Over the forecast period, the growing utilization of acrylate polymer and co-polymer as an adhesive in production and pressure-touchy packages is probably to gasoline marketplace growth.

 

By End User: based on the end-user the market is segmented into transportation, construction, medical, and power generation. The automotive sector is the major player in the growth of the biobutanol market since the growing demand for car gasoline and government policies for reducing air pollution are boosting the product demand as it's far used withinside the production of fuel components to enhance gasoline efficiency.

 

North America 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 market, 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 North America Bio-butanol market to the stakeholders in the industry. The report provides trends that are most dominant in the North America 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 North America 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 North America 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 North America 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 North America 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 North America Bio-butanol market. The report also analyses if the North America 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 North America Bio-butanol market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Bio-butanol market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Bio-butanol market is aided by legal factors.

 

North America Bio-butanol Market Scope:

North America Bio-butanol Market
Market Size in 2023	USD 4.49 Bn.
Market Size in 2030	USD 6.75 Bn.
CAGR (2024-2030)	6%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Raw materials Cereals Sugar cane Sugar beet Wood corn
	By Application Acrylate Acetates Glycol ethers others
	By End-users Transportation Constructions Medicals Power generations
Country Scope	United States Canada Mexico

 

North America Bio-butanol Market Key Players: 

• Butamax advanced biofuels LLC (US)
• Eastman chemical company (US)
• Gevo Inc (US)
• W2 Energy Inc (Canada)
• Biocleave (Oxfordshire)
• Advanced Biofuels LLC (US)
• Highwater Ethanol LLC (US)