By Type (Straw derived Bio-Isobutene, Sugar beet and Sugar cane derived Bio-Isobutene, Wood derived Bio-Isobutene, Cereals derived Bio-Isobutene, Tubers derived Bio-Isobutene), By End-User (Fuel, Lubr... ... End-User (Fuel, Lubricant Additives, Bio-Based Cosmetic Ingredients, Butyl Rubber, Organic Glass, Bio-Based Plastics) By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa), By Country (U.S, Canada, Mexico, Brazil, Germany, France, The U.K, Italy, Spain, GCC, South Africa, India, China, South Korea, Japan), By Competitors (BASF SE, Exxon Mobil Corporation, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, Clariant, Lanxess AG, Eastman Chemical Company, INEOS, Sinopec Corp, Dow Chemicals, Gevo, Inc., Butagaz, Global Bioenergies) Read more
- Chemicals
- Apr 2021
- 232
- PDF, Excel, PPT
Market Definition
Isobutene is a hydrocarbon used as a starting material for producing butyl rubber, polyisobutylene, & polybutene. It is a sustainable & environment-friendly substitute for isobutene exhibiting similar properties. The non-toxic nature of Bio-isobutene is leading to its wide application in multiple end-user industries to reduce their dependence on fossil fuels. In the coming years, the adoption of these chemicals is very likely to accelerate exponentially across the aviation, automotive, & cosmetic industries. Several leading players & governments of different countries are conducting notable research & development activities to expand the utilization of bio-isobutene and contribute toward environmental sustainability.
Market Insights
The Global Bio-Isobutene Market is projected to witness more than 100% CAGR during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the mounting concerns over environmental sustainability due to excess carbon emissions, depletion of natural resources, etc., i.e., compelling governments of different countries worldwide toward the production & utilization of environment-friendly & renewable products.
Additionally, these governments are laying out favorable policies & growth opportunities for the leading market players to develop alternatives like Bio-Isobutene. Several countries are also using these bio-chemicals as fuel alternatives to make the transportation & automotive industry amongst the prominent adopters of bio-isobutene.
Besides, the application of isobutene is extensive and spread across industries like transportation, cosmetic, butyl rubber, lubricants, green plastics, solvent industries, etc. Hence, an alternative like bio-isobutene with environment-friendly nature is anticipated to witness substantial acceptance & utilization in place of conventional streams, which, in turn, would drive the global market in the coming years.
Moreover, fluctuating prices of raw materials & changing dynamics of fuel standards, especially in the aviation industry, shall further stimulate the development & production of bio-isobutene & augment the overall market growth through 2026.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 100% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy | |
| Asia-Pacific: China, India, Japan, South Korea | |
| South America: Brazil | |
| Middle East & Africa: GCC, South Africa | |
| Key Companies Profiled | BASF SE, Exxon Mobil Corporation, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, Clariant, Lanxess AG, Eastman Chemical Company, INEOS, Sinopec Corp, Dow Chemicals, Gevo, Inc., Butagaz, Global Bioenergies |
| Unit Denominations | USD Million/Billion |
Impact of Covid-19 on the Global Bio-Isobutene Market
In 2020, the Covid-19 pandemic severely impacted most industries worldwide. Since bio-isobutene is petroleum-based, the acutely hit oil & gas sector, with volatile crude oil prices, had a direct & simultaneous impact on the Global Bio-Isobutene Market. As a result, it introduced several growth challenges for the market like suspended or delayed research & development activities on bio-isobutene, hampered fuel transportation, etc., thereby causing massive financial losses to the leading players in the global market amidst the crisis.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of COVID-19 on Global Bio-Isobutene Market
- Global Bio-Isobutene Market Trends & Insights
- Global Bio-Isobutene Market Dynamics
- Drivers
- Challenges
- Impact Analysis
- Global Bio-Isobutene Market Hotspots & Opportunities
- Global Bio-Isobutene Market Value Chain Analysis
- Global Bio-Isobutene Market Trade Analysis
- Import and Export Scenario for Bio-Isobutene Market
- Global Bio-Isobutene Market Regulations & Policy
- Global Bio-Isobutene Market Outlook, 2016- 2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Straw derived Bio-Isobutene
- Sugar beet and Sugar cane derived Bio-Isobutene
- Wood derived Bio-Isobutene
- Cereals derived Bio-Isobutene
- Tubers derived Bio-Isobutene
- By End-User
- Fuel
- Lubricant Additives
- Bio-Based Cosmetic Ingredients
- Butyl Rubber
- Organic Glass
- Bio Based Plastics
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- By Type
- Market Size & Analysis
- North America Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- By End-User
- By Country
- The US
- Canada
- Mexico
- The US Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Canada Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Mexico Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Market Size & Analysis
- South America Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- By End User
- By Country
- Brazil
- Others
- Brazil Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Market Size & Analysis
- Europe Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- By End User
- By Country
- Germany
- The UK
- France
- Spain
- Italy
- Others
- Germany Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- The UK Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- France Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Spain Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Italy Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Market Size & Analysis
- Middle East & Africa Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- By End User
- By Country
- GCC
- South Africa
- Others
- GCC Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- South Africa Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Market Size & Analysis
- Asia Pacific Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- By End User
- By Country
- China
- India
- Japan
- South Korea
- Others
- China Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- India Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Japan Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- South Korea Bio-Isobutene Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- By Volume
- Market Share & Analysis
- By Type
- Market Size & Analysis
- Market Size & Analysis
- Key Strategic Imperatives for Success and Growth
- Competition Outlook
- Competition Matrix
- Product Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles
- BASF SE
- Exxon Mobil Corporation
- LanzaTech Inc.
- Songwon Industrial
- Butamax Advanced Biofuels, LLC
- Clariant
- Lanxess AG
- Eastman Chemical Company
- INEOS
- Sinopec Corp
- Dow Chemicals
- Gevo, Inc.
- Butagaz
- Global Bioenergies
- Competition Matrix
- 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