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Bio-Isobutene Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Products (Straw-Derived Bio-Isobutene, Sugar Beet Bio-Isobutene, Cane-Derived Bio-Isobutene, Others), By Application (Fuel, Butyl Rubber, Bio-Based Cosmetic Ingredients, Lubricant Additives, Others), By End-Use (Automobile, Aerospace, Pharmaceuticals, Others), By Region and Competition
Market Report I 2023-04-01 I 116 Pages I TechSci Research
Bio-Isobutene market is anticipated to expand significantly through 2028. The market is rapidly expanding due to numerous factors, including a growing focus on sustainability which has brought attention to adopting safe and low-carbon emission activities. Bio-Isobutene is anticipated to deliver dependability and environmental and socioeconomic sustainability in the worldwide chemical value chain. Additionally, growing demand from the automotive and aviation industries for fuel is further expected to drive market growth. Besides, growing demand from cosmetic ingredients applications results in the growth of the bio-isobutene market. Bio-isobutene is a bio-derived variant of conventional isobutene. The Biobased Industries Joint Undertaking (BBI-JU) selected a project worth USD 10.10 million (Euro9.8 million) to optimize the conversion of residual wheat straw to bio-isobutene for bio-based chemicals (OPTISOCHEM), grant agreement No. 744330, in the frame of the European Union (EU) Horizon 2020 (H2020) program for research and innovation, following a "very selective and competitive" process led by independent experts.
Furthermore, the increasing demand from rubber, plastic, and other end-user industries are the crucial factors that propel the market's growth. With stringent rules implemented by governments to replace conventional fuel and high demand for bio-based products, the market is witnessing a shift towards cleaner and more sustainable products. Various companies and research organizations operating in the market are also focusing on developing such eco-friendly products. This, in turn, is expected to create huge prospects for market growth in the coming years.
Government Initiatives
In the current scenario, various governments across the globe are applying many rules & regulations regarding environmental safety., They are encouraging the shift from conventional fuel to bio-based fuel and its derivatives. Using biomass-based raw materials over conventional ones is a better way to generate bio-based products. Different biomass raw materials, such as straw, sugar beet, and cane, among others, have a good quantity of starch and sugar which can be combined with conventional isobutene to produce bio-isobutene. Thus, the worldwide bio-isobutene market is anticipated to witness substantial growth from using bio-based raw materials during the projected period.
Increasing Demand from Various End-User Industries
The bio-isobutene chemical is one of the leading petroleum derivatives derived from sugar and starch residues and agricultural and forestry waste. It is used in various applications like fuel, butyl rubber, bio-based cosmetic ingredients, and lubricant additives, among others. Bio-based cosmetic ingredients primarily drive the market for Bio-Isobutene. The demand for bio-isobutene is appreciable because it does not change the viscosity or texture properties of creams or lotions and is thus a direct and complete replacement for petroleum-based substances. In addition, the new product contains more than 50% regenerative carbon and thus belongs to the group of natural and biological cosmetic ingredients and products. As a result, many companies operating in the market have committed to adopting this. With the increasing demand for bio-isobutene from the cosmetic ingredients industries, there is an opportunity to increase the production of bio-isobutene globally, thereby driving the global bio-isobutene market.
Recent Developments
- In February 2021, Gevo & HCS group signed an MOU to produce sustainable aviation fuel and low-carbon chemicals in Europe.
- The first batch of bio-isobutene to Heracles Winery with the motive to encourage innovation in the field of bio-based gas was developed by Global Bioenergies & Butagaz in March 2019.
- In February 2019, Global Bioenergies joined hands with Clariant to produce batches of wheat straw-based isobutene, which can be used in plastic, fuel, lubricants, solvent, and cosmetic applications.
- In April 2018, Audi & Global Bioenergies announced the testing of renewable gasoline blended with bio-isobutene.
Market Segmentation
Global Bio-Isobutene Market is segmented based on products, applications, and end-use. Based on products, the market is categorized into straw-derived bio-isobutene, sugar beet bio-isobutene, cane-derived bio-isobutene, and others. Based on application, the market is fragmented into fuel, butyl rubber, bio-based cosmetic ingredients, lubricant additives, and others. Based on end use, the market is divided into automobile, aerospace, pharmaceuticals, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, and Rest of the World.
Company Profiles
Global Bioenergies SA, Clariant AG, Gevo Inc., Butagaz, Butamax Advanced Biofuels, LLC., Dow Chemical Co. Ltd., BASF SE, Songwon Industrial Co. Ltd., Ineos Group Ltd., Exxon Mobil Corp. are some of the key players operating in the Global Bio-Isobutene Market.
Report Scope:
In this report, global bio-isobutene market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Bio-Isobutene Market, By Products:
o Straw-Derived Bio-Isobutene
o Sugar Beet Bio-Isobutene
o Cane-Derived Bio-Isobutene
o Others
- Bio-Isobutene Market, By Application:
o Fuel
o Butyl Rubber
o Bio-Based Cosmetic Ingredients
o Lubricant Additives
o Others
- Bio-Isobutene Market, By End Use:
o Automobile
o Aerospace
o Pharmaceuticals
o Others
- Bio-Isobutene Market, By Region:
o North America
- United States
- Mexico
- Canada
o Europe
- France
- Germany
- United Kingdom
- Switzerland
- Italy
- Belgium
- Austria
o Asia-Pacific
- China
- India
- South Korea
- Japan
- Thailand
- Indonesia
- Australia
- Malaysia
o Rest of the World
- Brazil
Competitive landscape
Company Profiles: Detailed analysis of the major companies present in the global Bio-Isobutene market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Bio-Isobutene Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Products (Straw-Derived Bio-Isobutene, Sugar Beet Bio-Isobutene, Cane- Derived Bio-Isobutene, Others)
5.2.2. By Application (Fuel, Butyl Rubber, Bio-Based Cosmetic Ingredients, Lubricant Additives, Others)
5.2.3. By End-Use (Automobile, Aerospace, Pharmaceuticals, Others)
5.2.4. By Region (North America, Europe, Asia Pacific, Rest of World)
5.2.5. By Company (2022)
5.3. Market Map
5.3.1. By Products
5.3.2. By Application
5.3.3. By End Use
5.3.4. By Region
6. North America Bio-Isobutene Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Products
6.2.2. By Application
6.2.3. By End Use
6.2.4. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Bio-Isobutene Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Products
6.4.1.2.2. By Application
6.4.1.2.3. By End Use
6.4.2. Mexico Bio-Isobutene Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Products
6.4.2.2.2. By Application
6.4.2.2.3. By End Use
6.4.3. Canada Bio-Isobutene Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Products
6.4.3.2.2. By Application
6.4.3.2.3. By End Use
7. Europe Bio-Isobutene Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Products
7.2.2. By Application
7.2.3. By End Use
7.2.4. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. France Bio-Isobutene Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Products
7.4.1.2.2. By Application
7.4.1.2.3. By End Use
7.4.2. Germany Bio-Isobutene Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Products
7.4.2.2.2. By Application
7.4.2.2.3. By End Use
7.4.3. United Kingdom Bio-Isobutene Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Products
7.4.3.2.2. By Application
7.4.3.2.3. By End Use
7.4.4. Switzerland Bio-Isobutene Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Products
7.4.4.2.2. By Application
7.4.4.2.3. By End Use
7.4.5. Italy Bio-Isobutene Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Products
7.4.5.2.2. By Application
7.4.5.2.3. By End Use
7.4.6. Belgium Bio-Isobutene Market Outlook
7.4.6.1. Market Size & Forecast
7.4.6.1.1. By Value & Volume
7.4.6.2. Market Share & Forecast
7.4.6.2.1. By Products
7.4.6.2.2. By Application
7.4.6.2.3. By End Use
7.4.7. Austria Bio-Isobutene Market Outlook
7.4.7.1. Market Size & Forecast
7.4.7.1.1. By Value & Volume
7.4.7.2. Market Share & Forecast
7.4.7.2.1. By Products
7.4.7.2.2. By Application
7.4.7.2.3. By End Use
8. Asia-Pacific Bio-Isobutene Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Products
8.2.2. By Application
8.2.3. By End Use
8.2.4. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Bio-Isobutene Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Products
8.4.1.2.2. By Application
8.4.1.2.3. By End Use
8.4.2. India Bio-Isobutene Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Products
8.4.2.2.2. By Application
8.4.2.2.3. By End Use
8.4.3. South Korea Bio-Isobutene Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Products
8.4.3.2.2. By Application
8.4.3.2.3. By End Use
8.4.4. Japan Bio-Isobutene Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Products
8.4.4.2.2. By Application
8.4.4.2.3. By End Use
8.4.5. Thailand Bio-Isobutene Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Products
8.4.5.2.2. By Application
8.4.5.2.3. By End Use
8.4.6. Indonesia Bio-Isobutene Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value & Volume
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By Products
8.4.6.2.2. By Application
8.4.6.2.3. By End Use
8.4.7. Australia Bio-Isobutene Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value & Volume
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By Products
8.4.7.2.2. By Application
8.4.7.2.3. By End Use
8.4.8. Malaysia Bio-Isobutene Market Outlook
8.4.8.1. Market Size & Forecast
8.4.8.1.1. By Value & Volume
8.4.8.2. Market Share & Forecast
8.4.8.2.1. By Products
8.4.8.2.2. By Application
8.4.8.2.3. By End Use
9. Rest of the World Bio-Isobutene Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Products
9.2.2. By Application
9.2.3. By End Use
9.2.4. By Country
9.3. Pricing Analysis
9.4. Rest of the World: Country Analysis
9.4.1. Brazil Bio-Isobutene Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Products
9.4.1.2.2. By Application
9.4.1.2.3. By End Use
10. Market Dynamics
10.1. Drivers
10.1.1. Rise in the popularity of bio-based fuels
10.1.2. Stringent laws and regulations by governments
10.1.3. Competitive Raw Material Cost
10.2. Challenges
10.2.1. Technical Knowhow Barrier and Cost
10.2.2. Lack of awareness in developing countries
11. Market Trends & Developments
11.1. Increasing demand for Bio-based cosmetic industry
11.2. Collaboration With End-Use Industry
12. Global Bio-Isobutene Market: SWOT Analysis
13. Porter's Five Forces Analysis
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products
14. Competitive Landscape
14.1. Business Overview
14.2. Product Offerings
14.3. Recent Developments
14.4. Financials (In Case of Listed Companies)
14.5. Key Personnel
14.6. SWOT Analysis
14.6.1. Global Bioenergies SA
14.6.2. Clariant AG
14.6.3. Gevo Inc.
14.6.4. Butagaz
14.6.5. Butamax Advanced Biofuels, LLC.
14.6.6. Dow Chemical Co. Ltd.
14.6.7. BASF SE
14.6.8. Songwon Industrial Co. Ltd.
14.6.9. Ineos Group Ltd.
14.6.10. Exxon Mobil Corp.
15. Strategic Recommendations
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