Bio-Butanediol Market - By Source (Sugar Based, Biomass Based), By Application (Polytetramethylene Ether Glycol, Tetrahydrofuran [THF], Polybutylene Terephthalate [PBT], Gamma-Buty......rolactone [GBL], Polyurethane [PU], Others), By End User (Automotive, Electrical and Electronics, Packaging, Textile, Consumer Goods) and others Read more
- Chemicals
- Apr 2024
- 207
- PDF, Excel, PPT
Market Definition
Bio-butanediol, also known as 1,4-butanediol (BDO), is a chemical compound derived from renewable biomass sources, such as sugars and starches, through microbial fermentation or synthetic biological processes. Bio-butanediol is predominantly utilized in the production of polymers, including polybutylene terephthalate (PBT) and polyurethane (PU), etc., and is extensively used in the automotive, construction, textiles, and electronics industries.
Market Insights & Analysis: Global Bio-Butanediol Market (2024-30):
The Global Bio-Butanediol Market size is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The market growth imputes increasing awareness about environmental sustainability and the need for renewable and bio-based alternatives in various end-user industries such as automotive, consumer goods, textiles, etc. Bio-butanediol offers an eco-friendly and sustainable option compared to its fossil fuel-based counterparts, catering to this surging demand for sustainable alternatives. Moreover, growing awareness regarding the need to reduce greenhouse gas emissions across the globe is further driving the demand for bio-based alternatives to traditional petrochemical-derived products.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2019-22 |
| Base Year: 2023 | |
| Forecast Period: 2024-30 | |
| CAGR (2024-2030) | 7.5% |
| Regions Covered | North America: US, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA | |
| Key Companies Profiled | BASF SE, Novamont SpA, LCY Chemical, Shandong LanDian Biological Technology Co. Ltd, DSM, Global Bio-Chem, Genomatica, Cargill Incorporated, Mitsubishi Chemical, Bio-Amber, Qira, DuPont, Braskem, DOW, LG Chemical, Others |
| Unit Denominations | USD Million/Billion |
The increasing consumer demand for fuel-efficient and eco-friendly vehicles is further leading to surged manufacturing in the automotive sector. Bio-butanediol is extensively employed in the manufacturing of automotive parts and electric vehicle parts, leading to its higher adoption. The rising shift towards sustainable manufacturing practices is creating demand for electric vehicles around the globe. For Instance,
- In 2023, according to the International Energy Association, approximately 14 million electric cars were sold worldwide, compared to about 10 million in 2021.
The rising manufacturing in the automotive industry is surging the demand for polymers such as Polybutylene Terephthalate (PBT) in automotive manufacturing, as they are essential for manufacturing various components including fenders, bumpers, front & rear-end fascia, interiors, exteriors, and under-the-hood applications. Consequently, the demand for bio-based alternatives to traditional petroleum-derived polymers is witnessing a significant uptick in polymer manufacturing, which is surging the demand for bio-butanediol. Thus, with the surging demand for polymers in automotive manufacturing, the demand for bio-butanediol is expected to surge, augmenting the growth of the Global Bio-Butanediol Market.
Moreover, the increasing use of bio-butanediol in the manufacturing of electrical appliances, textile fibers, and other consumer goods owing to its environmentally friendly nature is leading to its surged adoption, proliferating market growth & expansion.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Global Bio-Butanediol Market Trends & Development
- Global Bio-Butanediol Market Dynamics
- Drivers
- Challenges
- Global Bio-Butanediol Market Value Chain Analysis
- Global Bio-Butanediol Market Regulations, Policies & Standards
- Global Bio-Butanediol Market Hotspot & Opportunities
- Global Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source
- Sugar Based- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Biomass Based- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application
- Polytetramethylene Ether Glycol- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Tetrahydrofuran (THF) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Polybutylene Terephthalate (PBT) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Gamma-Butyrolactone (GBL) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Polyurethane (PU) - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Others
- By End User
- Automotive- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Electrical and Electronics- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Packaging- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Textile - Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Consumer Goods- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Others- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- By Company
- Competition Characteristics
- Market Share of Leading Companies
- By Source
- Market Size & Analysis
- North America Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Country
- The US
- Canada
- Mexico
- The US Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Canada Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Mexico Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Market Size & Analysis
- South America Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Argentina Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Market Size & Analysis
- Europe Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Country
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- The UK Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Germany Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- France Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Italy Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Spain Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Market Size & Analysis
- The Middle East & Africa Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Country
- Saudi Arabia
- The UAE
- South Africa
- Rest of the Middle East & Africa
- Saudi Arabia Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- The UAE Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- South Africa Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Market Size & Analysis
- Asia Pacific Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- China Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Japan Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- India Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- South Korea Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Australia Bio-Butanediol Market Analysis, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Tons)
- Market Share & Analysis
- By Source- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By Application- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- By End User- Market Size & Forecast 2019-2030F, Quantity Sold (Tons)
- Market Size & Analysis
- Market Size & Analysis
- Global Bio-Butanediol Market Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles
- BASF SE
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Novamont SpA
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- LCY Chemical
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Shandong LanDian Biological Technology Co. Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- DSM
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Global Bio-Chem
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Genomatica
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Cargill Incorporated
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Mitsubishi Chemical
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Bio-Amber
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Qira
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- DuPont
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Braskem
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- DOW
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- LG Chemical
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- BASF SE
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
FILL THE FORM TO INQUIRE BEFORE BUYING THIS REPORT