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Global Bio-Isobutene Market Outlook 2032: Global Opportunity and Demand Analysis, Market Forecast To 2032
- Published :
Report ID: CHM0015
Pages: 156
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global Bio-Isobutene market is projected to grow significantly, registering a CAGR of 4.3% during the forecast period (2024 – 2032).
Bio-isobutene is a bio-based and renewable alternative to traditional isobutene, a hydrocarbon compound widely used in the petrochemical industry. Isobutene, also known as isobutylene, is a key building block in the production of various chemicals and polymers. Bio-isobutene is derived from renewable feedstocks, such as biomass or organic waste, through bio-based processes. This bio-based alternative aligns with sustainability goals, as it reduces dependence on fossil fuels and offers a more environmentally friendly option compared to conventionally produced isobutene. Growing awareness of environmental issues and the need to reduce the carbon footprint drive the demand for bio-isobutene. Companies and industries seek sustainable alternatives that align with eco-friendly practices and contribute to reducing greenhouse gas emissions. The broader trend in various industries to shift towards bio-based chemicals boosts the demand for bio-isobutene. Companies are actively seeking renewable alternatives to traditional petrochemicals, and bio-isobutene fits into this trend by providing a bio-based feedstock for chemical and polymer production.
MARKET OVERVIEW:
Driver: Increasing consumer shift towards bio – based chemicals is driving the market growth.
Bio-isobutene is produced from renewable feedstocks, such as biomass or organic waste, providing a sustainable alternative to the petrochemical-derived isobutene. This aligns with the broader industry trend of moving away from reliance on fossil fuels and embracing feedstocks that are renewable and environmentally friendly. Companies across industries are actively seeking alternatives to traditional petrochemicals to reduce their environmental impact and decrease dependency on non-renewable resources. Bio-isobutene offers a bio-based substitute for isobutene, a commonly used petrochemical, contributing to the shift towards more sustainable chemical production. The trend towards bio-based chemicals involves diversifying feedstock sources to include renewable materials. Bio-isobutene supports this diversification by utilizing biomass and organic waste as feedstocks, creating a more resilient and sustainable supply chain.
Opportunities: Growing need for environmental sustainability is anticipated for the market growth in the upcoming years.
The awareness of sustainability and environmental concerns has significantly influenced the industrial landscape, prompting a shift towards more eco-friendly alternatives across various sectors. The use of bio-isobutene as a bio-based alternative aligns with these sustainability goals and provides a more environmentally friendly option compared to traditional isobutene. Bio-isobutene is produced from renewable feedstocks, such as biomass or organic waste. This contrasts with traditional isobutene, which is derived from fossil fuels. The use of renewable feedstocks contributes to reducing reliance on finite and non-renewable resources. One of the primary advantages of bio-isobutene is its potential to have a lower carbon footprint compared to conventionally produced isobutene. The production of bio-isobutene typically involves processes that emit fewer greenhouse gases, contributing to mitigating climate change. By providing a bio-based alternative to isobutene, bio-isobutene helps decrease the dependency on fossil fuels. This is crucial in the context of transitioning towards a more sustainable and resilient energy and chemical industry.
COVID IMPACT:
Like many industries, the bio-based chemical sector may have faced challenges related to supply chain disruptions during the COVID-19 pandemic. Delays in the sourcing of raw materials or disruptions in the transportation of goods could impact production schedules. Changes in consumer behavior, industrial activities, and economic conditions during the pandemic might have influenced the demand for bio-based products, including bio-isobutene. For instance, a slowdown in certain industries could lead to decreased demand, while increased interest in sustainability could drive demand for bio-based alternatives. Economic uncertainties during the pandemic could have affected investment decisions and funding availability for research and development in the bio-based industry. Some companies or projects in the bio-isobutene sector might have faced challenges securing funding for expansion or innovation. Government policies and support for the bio-based sector, which can influence its growth, may have been affected by shifting priorities during the pandemic. Some regions increased their focus on sustainability and green initiatives, while others had to allocate resources to public health and economic recovery.
SEGMENTATION ANALYSIS:
Methyl tert-butyl ether (MTBE) segment is anticipated to grow significantly during the forecast period
MTBE is a synthetic chemical compound that has been historically used as an oxygenate additive in gasoline. Its primary purpose was to increase the oxygen content of gasoline to improve combustion efficiency and reduce air pollution. MTBE was commonly added to gasoline to meet oxygenate requirements set by environmental regulations. However, MTBE has faced environmental concerns due to its water solubility, which can lead to groundwater contamination in the event of spills or leaks. As a result, its use has decreased in some regions, and alternative oxygenates are being considered. Bio-isobutene is a bio-based and renewable alternative to traditional isobutene, a hydrocarbon compound. It is produced from biomass or organic feedstocks using bio-based processes. Bio-isobutene has gained attention as a sustainable alternative for various applications traditionally reliant on petrochemical-derived isobutene. One potential application of bio-isobutene is as a bio-based feedstock for the production of biofuels, bioplastics, and other bio-based materials. It offers the advantage of being derived from renewable sources, contributing to efforts to reduce the environmental impact of various industries.
Automotive segment is anticipated to grow significantly during the forecast period
Bio-isobutene can be utilized in the production of advanced biofuels. It has the potential to be converted into bio-isobutanol or other biofuels, which can be used as a renewable alternative in the automotive sector. The use of bio-isobutene in the automotive industry aligns with efforts to reduce the carbon footprint of transportation fuels. Bio-based alternatives contribute to lowering greenhouse gas emissions when compared to their fossil fuel counterparts. Bio-isobutene can be a precursor for the production of bio-based materials used in the automotive sector. It may contribute to the development of bio-based polymers and elastomers, providing sustainable alternatives for various automotive applications. Bio-isobutene can be a feedstock for the production of bioplastics. These bioplastics can find applications in the manufacturing of automotive components, contributing to the use of sustainable materials in vehicle production. Bio-isobutene may be utilized in the production of bio-based lubricants. These lubricants can be used in automotive engines and machinery, providing an environmentally friendly option compared to traditional petroleum-based lubricants.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
Bio-isobutene can be produced from renewable feedstocks, aligning with the global push for sustainable and environmentally friendly alternatives. The Asia Pacific region, with its diverse biomass resources, may explore opportunities to leverage local feedstocks for bio-based chemical production. The production of bio-isobutene offers the potential for a reduced carbon footprint compared to traditional, fossil-based isobutene. This aligns with sustainability goals and initiatives focused on lowering greenhouse gas emissions. Isobutene is a key building block for the synthesis of various chemicals and polymers. Bio-isobutene can be used as a drop-in replacement for conventional isobutene in applications such as the production of synthetic rubber, plastics, and other chemical compounds. The Asia Pacific region has seen growth in the bio-based chemicals and renewable fuels sector, driven by a combination of environmental awareness, regulatory support, and the pursuit of alternative feedstocks. Bio-isobutene could find application in this context.
COMPETITIVE ANALYSIS
The global Bio-Isobutene market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.
- BASF SE
- The ISO C4 plant, designed by BASF and OMV, was put into service in March 2021 and is intended to produce high-purity isobutene directly. The plant’s innovative production process promises to save 20,000 metric tons of CO2 emissions while providing exceptional energy efficiency.
- ExxonMobil
- Exxon Mobil Corporation announced the acquisition of Denbury Inc. in July 2023. ExxonMobil now runs the biggest network of carbon dioxide (C02) pipelines in the United States as a result of this acquisition.
- Evonik
- ABI Chemicals
- Global Bioenergies
- Praxair
- Syngip BV
- LanzaTech
- Honeywell International
- LyondellBasell Industries
Scope of the Report
- By Type
- Methyl tert-butyl ether (MTBE)
- Ethyl tert-butyl ether (ETBE)
- By Application
- Automotive
- Aerospace
- Antioxidants
- Pharmaceuticals
- Others
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Key reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the Bio-Isobutene market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Bio-Isobutene submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Bio-Isobutene Market Overview By Region: 2019 VS 2023 VS 2032
- Global Bio-Isobutene Market Size by Regions (2019-2023) (USD Million)
- North America Bio-Isobutene Market Size by Country (2019-2023) (USD Million)
- Europe Bio-Isobutene Market Size by Country (2019-2023) (USD Million)
- Asia Pacific America Bio-Isobutene Market Size by Country (2019-2023) (USD Million)
- Rest of the World Bio-Isobutene Market Size by Country (2019-2023) (USD Million)
- Global Bio-Isobutene Market Size by Regions (2024-2032) (USD Million)
- North America Bio-Isobutene Market Size by Country (2024-2032) (USD Million)
- Europe Bio-Isobutene Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size by Country (2024-2032) (USD Million)
- Rest of the World Bio-Isobutene Market Size by Country (2024-2032) (USD Million)
- Global Bio-Isobutene Market Size by Regions (2019-2023) (USD Million)
- Global Bio-Isobutene Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five Forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- Covid-19 Impact Analysis on Global Bio-Isobutene Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Bio-Isobutene Market, By TYPE
- Overview
- Global Bio-Isobutene Market Size By Type (2019 – 2032) (USD Million)
- Key Findings for Bio-Isobutene Market – By Type
- Methyl tert-butyl ether (MTBE)
- Ethyl tert-butyl ether (ETBE)
- Global Bio-Isobutene Market, By Application
- Overview
- Key Findings for Bio-Isobutene Market – By Application
- Automotive
- Aerospace
- Antioxidants
- Pharmaceuticals
- Others
- Global Bio-Isobutene Market, by Region
- Key Findings For Bio-Isobutene Market- By Region
- Overview
- Global Bio-Isobutene Market, By Type
- Global Bio-Isobutene Market, By Application
- Global Bio-Isobutene Market- North America
- Global Bio-Isobutene Market- Europe
- Overview
- Europe Bio-Isobutene Market Size (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market, By Type
- Europe Bio-Isobutene Market, By Application
- Europe Bio-Isobutene Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Bio-Isobutene Market – Asia Pacific
- Overview
- Asia Pacific Bio-Isobutene Market Size (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market, By Type
- Asia Pacific Bio-Isobutene Market, By Application
- Asia Pacific Bio-Isobutene Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Bio-Isobutene Market- Rest of World
- Overview
- Rest of World Bio-Isobutene Market Size (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market, By Type
- Rest of World Bio-Isobutene Market, By Application
- Rest of World Bio-Isobutene Market Size by Regions
- Middle East & Africa
- Latin America
- Rest Of The World
- GLOBAL Bio-Isobutene MARKET- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- GLOBAL Bio-Isobutene MARKET- Company Profiles
- BASF SE
- Company Overview
- Financial Overview
- Type Offered
- Key Developments
- Evonik
- ExxonMobil
- ABI Chemicals
- Global Bioenergies
- Praxair
- Syngip BV
- LanzaTech
- Honeywell International
- LyondellBasell Industries
- BASF SE
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations For The Study
- Research & Forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Bio-Isobutene Historic Market Size By Regions (2019 – 2023) (USD Million)
- Global Bio-Isobutene Forecasted Market Size By Regions (2024-2032) (USD Million)
- Global Bio-Isobutene Market- Drivers
- Global Bio-Isobutene Market- Restraint /Challenges
- Global Bio-Isobutene Market- Opportunity Analysis
- Global Bio-Isobutene Market Size By Type (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Methyl tert-butyl ether (MTBE) (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Ethyl tert-butyl ether (ETBE) (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Application (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Automotive (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Aerospace (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Antioxidants (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Pharmaceuticals (2019 – 2032) (USD Million)
- Global Bio-Isobutene Market Size By Others (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Type (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Methyl tert-butyl ether (MTBE) (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Ethyl tert-butyl ether (ETBE) (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Application (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Automotive (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Aerospace (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Antioxidants (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Pharmaceuticals (2019 – 2032) (USD Million)
- North America Bio-Isobutene Market Size By Others (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Type (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Methyl tert-butyl ether (MTBE) (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Ethyl tert-butyl ether (ETBE) (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Application (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Automotive (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Aerospace (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Antioxidants (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Pharmaceuticals (2019 – 2032) (USD Million)
- Europe Bio-Isobutene Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Type (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Methyl tert-butyl ether (MTBE) (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Ethyl tert-butyl ether (ETBE) (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Application (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Automotive (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Aerospace (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Antioxidants (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Pharmaceuticals (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Type (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Methyl tert-butyl ether (MTBE) (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Ethyl tert-butyl ether (ETBE) (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Application (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Automotive (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Aerospace (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Antioxidants (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Pharmaceuticals (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene Market Size By Others (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Bio-Isobutene Market Size By Type: 2019 VS 2032
- Global Bio-Isobutene Market Size by Application: 2019 VS 2032
- Global Bio-Isobutene By Methyl tert-butyl ether (MTBE) (USD Million 2019 – 2032)
- Global Bio-Isobutene By Ethyl tert-butyl ether (ETBE) (USD Million 2019 – 2032)
- Global Bio-Isobutene Market Size By Type (2019 – 2032) (USD Million)
- Global Bio-Isobutene By Automotive (USD Million 2019 – 2032)
- Global Bio-Isobutene By Aerospace (USD Million 2019 – 2032)
- Global Bio-Isobutene Market Size By Antioxidants (2019 – 2032) (USD Million)
- Global Bio-Isobutene By Pharmaceuticals (USD Million 2019 – 2032)
- Global Bio-Isobutene By Others (USD Million 2019 – 2032)
- North America Bio-Isobutene Market Size (2019 – 2032) (USD Million)
- North America Bio-Isobutene By United States Revenue (USD Million) (2019 – 2032)
- North America Bio-Isobutene By Canada Revenue (USD Million 2019 – 2032)
- Europe Bio-Isobutene Market Size (2019 – 2032) (USD Million)
- Europe Bio-Isobutene By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Bio-Isobutene By Germany Revenue (USD Million 2019 – 2032)
- Europe Bio-Isobutene By France Revenue (USD Million 2019 – 2032)
- Europe Bio-Isobutene By Italy Revenue (USD Million 2019 – 2032)
- Europe Bio-Isobutene By Spain Revenue (USD Million 2019 – 2032)
- Europe Bio-Isobutene By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Bio-Isobutene Market Size (2019 – 2032) (USD Million)
- Asia Pacific Bio-Isobutene By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Bio-Isobutene By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Bio-Isobutene By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Bio-Isobutene By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Bio-Isobutene Market Size (2019 – 2032) (USD Million)
- Rest of World Bio-Isobutene By the Middle East & Africa Revenue (USD Million) ( 2019 – 2032)
- Rest of World Bio-Isobutene By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Bio-Isobutene By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Bio-Isobutene Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
