New report shows bio-based butanol market growing more than 9% annually through 2019

September 23, 2015 |

In Ireland, Research and Markets has announced the addition of the “Global Bio-based Butanol Market 2015-2019” report to their offering.

The global bio-based butanol market to grow at a CAGR of 9.27% over the period 2014-2019. The report, Global Bio-based Butanol Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a comprehensive discussion on the market, segmented by geography; it also provides an extensive coverage on various applications of bio-based butanol, considering both the existing market landscape and its growth prospects in the coming years. The report also presents the market analysis for each application segment in detail based on its growth potential and return on investment. The report provides key vendor information based on the production of bio-based butanol by each vendor.

One trend that augments growth in this market is the introduction of the carbon negative bio-butanol production technology. This technology uses cellulose as feedstock. The aggregate energy content in the cellulose-based feedstock has the surplus to cover the energy for generation and the whole life cycle of the fuel.

According to the report, the need for sustainable fuel is a major driver that promotes growth in this market. Bio-based butanol can be blended with gasoline at higher concentrations than bio-based ethanol, which implies that engines burning a mix of butanol and gasoline should generate more power than those that use a mix of ethanol and gasoline.

Further, the report states that the high price of feedstock is a major challenge faced by this market. The cost of bio-based butanol production depends on the price of the feedstock and thus is greatly influenced by any price fluctuations in that feedstock. The cost of feedstock accounts for over 70% of the aggregate production costs of bio-based butanol.

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Category: Fuels

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