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An internal combustion engine can run on biobutanol as fuel. It is more like petrol than bio-butanol in comparison. Since do tall is a drop-in fuel, it can be used in vehicles that are already designed to use petrol without any additional panels. It has other uses in addition to being a fuel source. The market for bio-butanol is further divided into regions, raw materials, applications, and end users. The market is divided into sections based on the raw materials used, including cereals, sugarcane, sugar beetroot, wood, maize and others. The market is divided into acrylate, acetates, glycol ethers, biofuel, and others depending on the application.
North America Bio-butanol Market Report Scope and Research Methodology:
The North America Bio-butanol Market report's main goal is to provide stakeholders with a comprehensive analysis of the market in simple language. Market research was carried out by categorising the North America Bio-butanol market into major segments. The main segments of the North America Bio-butanol Market were further subdivided into various sub-segments. The report examines the North America Bio-butanol industry's drivers, opportunities, constraints, and challenges by region and segment. Historical data, meaningful insights, facts, statistically supported and industry-validated market statistics, as well as estimates based on an appropriate set of assumptions and methodologies, are all included in the market report.
The data for the North America Bio-butanol market report was gathered through primary and secondary research methods, which were then combined and analysed to produce accurate and error-free results. The secondary research includes a review of annual and financial reports from leading players, whereas the primary research includes interviews with key opinion leaders and North America Bio-butanol industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. The bottom-up approach was used to estimate the size of the North America Bio-butanol market. The SWOT analysis was used to determine the strengths and weaknesses of the North America Bio-butanol Market, whereas the PESTLE and PORTER analyses were used to determine the effects of macroeconomic and microeconomic factors on the North America Bio-butanol Market.
North America Bio-butanol Market Report Overview:
The most recent revenue and market trends in the North America Bio-butanol Market are covered in the report. It includes a market overview, definition, structure, and planned and preventative management. The report focuses on the elements that both positively and negatively affect the North America Bio-butanol Market. It also helps in figuring out the North America Bio-butanol Market's potential in the upcoming years. The report helps with market entry decisions and comprehension of the industry's context.
North America Bio-butanol Market Size
was valued at USD 4 billion in 2021. The North America Bio-butanol
Market size is estimated to grow at a CAGR of 6% over the forecast
period.
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North America Bio-butanol Market Dynamics:
The market for bio-butanol will be driven by the rise in the construction industry for better infrastructure around the arena because it is a vital raw material used in the production of paints, coatings, plasticizers, and adhesives. In the year 2021, the North American construction market is expected to be worth around 2.1 trillion USD. During the forecast period, the market is anticipated to expand with a ca GR of 4.5 percent. As a result, this will increase the demand for adhesives, coatings, and other products, which will increase the demand for biobutanol.
North America Bio-butanol Market Segmentation:
By Raw Material: Cereals, sugarcane, sugar beetroot, wood, maize and other raw materials are the categories into which the market is divided. With a 45% market share in terms of volume in 2020, the cereal segment dominated the market. The easy accessibility of maize and the international development of effective technologies have fueled the expansion of this market. Dry milling is the main method used to make grain Bio-butanol, and one bushel of maize can yield 2.86 gallons of denatured Bio-butanol.
By Application: The market is divided into acrylate, acetates, glycol ethers, biofuel, and other categories depending on the application. By 2027, the North American market is projected to reach $954 million USD, growing at a projected 4.6% annual rate. The increasing use of acrylate polymer and co-polymer as an adhesive in manufacturing and pressure-sensitive packaging is likely to propel market growth over the forecast period.
By End User: The market is divided into segments for transportation, building, medicine, and power generation. The market for biobutanol is primarily driven by the automotive industry because of the rising demand for automobile petrol and government initiatives to reduce air pollution, which are driving up consumer demand for the substance. Biobutanol is also used in the manufacture of fuel additives to increase the efficiency of petrol.
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)
North America Bio-butanol Market Regional Insights:
Geographically, the report is divided into several key countries, with North America Bio-butanol market size, growth rate, import and export of North America Bio-butanol market in these countries, covering North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the North America Bio-butanol Market Report are:
Key Offerings:
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