Dublin, Jan. 18, 2021 (GLOBE NEWSWIRE) -- The "Global Bio-Isobutene Market - A Global and Regional Analysis: Focus on Product, End Use, and Region-Level Analysis, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global bio-isobutene market was at a pre-commercial stage in 2019 and accounted for $4.1 million. The market is expected to garner significant revenue of around $1.0 billion by 2025, growing at a whopping CAGR of 150.30% during the forecast period, 2020-2025.
The global bio-isobutene market growth is mainly attributed to the increased demand for bio-based and green products in multiple application areas such as transportation (aerospace and defense, and automotive), rubber, plastic, personal care and cosmetics, lubricant, and solvent industries. Specialty fuel and polymer grade bio-isobutene have promising and emerging markets with high margins, predominantly in Europe and North America.
Bio-isobutene is expected to bring reliability as well as environmental and socio-economic sustainability in the global chemical value chain. The increased consumption of bio-based fuels, primarily in the transportation industry (aerospace and defense), is predicted to propel the market. However, the exorbitant prices of all grades of isobutene are expected to hinder the market in the short run.
COVID-19 pandemic has impacted the market and caused unprecedented devastation to various sectors, including the manufacturing industry in recent times. The crisis is expected to have intense socio-economic consequences across the globe. As a result, most of the countries are moving toward a new climate and nature-friendly economy model, i.e., circular bioeconomy. This, in turn, is expected to positively impact the global bio-isobutene market.
Currently, the applications of bio-isobutene are majorly limited to fuel and cosmetic and personal care ingredients. However, with the commercialization of the product by 2022, the capabilities of bio-isobutene are expected to gain momentum. Despite the bio-isobutene market currently being highly consolidated, potential new players are expected to enter the value chain by 2025.
Business expansions, partnerships, and collaborations are some of the business strategies executed in the bio-isobutene market. Several companies, including Gevo, Inc., Global Bioenergies, Butagaz, BASF SE, ExxonMobil, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, Clariant, Lanxess AG, L'Oreal, Eastman Chemical Company, INEOS, Sinopec Corp, and Dow are anticipated to emerge as significant players in the global bio-isobutene value chain.
Key Questions Answered in this Report:
Why are is bio-isobutene is required in the market? How is the global bio-isobutene market is expected to evolve over the years?
Which type of bio-isobutene is anticipated to dominate the market in the next five years?
What is are the driving and restraining factors affecting the bio-isobutene market demand?
How are the future trends expected to impact the bio-isobutene market in the coming years?
What are the opportunities for the players across the bio-isobutene value chain?
How is the demand for bio-isobutene market is expected to change with the stringent regulatory landscape?
What are the are the end-user applications, driving the demand for bio-isobutene?
Which region is expected to be the major consumer of the bio-isobutene during the forecast period?
Which region is expected to emerge as a potential revenue-generating pocket during the forecast period 2020-2025?
What are the business strategies adopted by major players in the bio-isobutene value chain?
Which end-user industry is expected to dominate the bio-isobutene market by 2025?
How are the prices of products expected to behave in the next five years, and what are is their impact on the bio-isobutene market?
How is COVID-19 is expected to impact the bio-isobutene business, globally?
Which key organizations are involved in the research and development for bio-isobutene product development?
How is the demand-supply curve for the bio-isobutene is expected to shift over the years (2019-2025)?
What are customer attributes across various countries for product adoption?
Key Topics Covered:
1.1 Industry Outlook
1.1.1 Trends: Industry Dynamics Defining the Future Trends in Bio-Isobutene Market
126.96.36.199 Focus on Development of Bio-Based Rubber and Rubber Chemicals
188.8.131.52 Growing Research and Development Activities
184.108.40.206 Adopting Sustainable Routes, Compromising Commercial Success
1.1.2 Increasing Awareness Regarding Harmful Effects of Chemical-Based Products
1.1.3 Supply Chain Analysis
1.1.4 Industry Attractiveness
1.1.5 Supply and Demand Analysis
1.1.6 Ecosystem/Ongoing Programs
1.2 Business Dynamics
1.2.1 Business Drivers
220.127.116.11 Impact of Business Drivers
18.104.22.168.1 Stringent Government Regulation and Support for Sustainable Development
22.214.171.124.2 Evolution in Major End User Industries in Europe: Automotive Sector
126.96.36.199.3 Competitive Raw Material Cost
188.8.131.52.4 Shifting Fuel Standards in Aerospace Industry
1.2.2 Business Restraints
184.108.40.206 Impact of Business Restraints
220.127.116.11.1 Requirement of Highly Skilled Labor
18.104.22.168.2 Technical Knowhow Barrier and Cost
22.214.171.124.3 Highly Consolidated Market
1.2.3 Business Strategies
126.96.36.199 Product Developments
188.8.131.52 Market Developments
1.2.4 Corporate Strategies
184.108.40.206 Mergers and Acquisitions, Partnerships, Joint Ventures, Collaborations, and Alliances
220.127.116.11 Partnerships, Collaborations, and Contracts
18.104.22.168 Mergers, Acquisitions, and Joint Ventures
1.2.5 Business Opportunities
22.214.171.124 Impact of Business Opportunities
126.96.36.199.1 Target Bio-Based Cosmetic Industry
188.8.131.52.2 Targeting Europe Market
184.108.40.206.3 Collaboration with Transportation Industry
220.127.116.11.4 Impact of COVID-19: Need to Scale up
2.1 Bio-Isobutene Market - Applications and Specifications
2.1.1 Impact of COVID-19 on Major End-Use Industry (by Region), as of October 2020
2.2 Global Bio-Isobutene Market (by End User), Value and Volume, 2019-2025
2.2.1 Demand Analysis of - Demand Analysis (by End User)
2.2.3 Butyl Rubber
2.2.4 Bio-Based Cosmetic Ingredients
2.2.5 Lubricant Additives
2.2.6 Others (Plastic, Organic Glass etc.)
18.104.22.168 Bio-Based Plastics
22.214.171.124 Organic Glass
2.2.7 Global Bio-Isobutene Market (by End User), Volume and Value, 2019-2025
126.96.36.199 Global Bio-Isobutene Demand (by End User), Volume and Value Data
188.8.131.52.1 Pricing Analysis
3.1 Bio-Isobutene Market - Products and Specifications
3.1.1 Types of Bio-Isobutene
184.108.40.206 Straw-Derived Bio-Isobutene
220.127.116.11 Sugar Beet and Cane-Derived Bio-Isobutene
18.104.22.168 Others (Wood, Cereals, Tubers etc.)
3.2 Bio-Isobutene Market - Demand Analysis (by Product)
3.2.1 Global Bio-Isobutene Market (by Product), Volume and Value, 2019-2025
22.214.171.124 Global Bio-Isobutene Demand (by Product), Volume Data
3.3 Product Benchmarking: Growth Rate - Market Share Matrix
3.3.1 Opportunity Matrix, by Product
4.1 Opportunity Matrix, by Region
5 Markets - Competitive Benchmarking & Company Profiles
Butamax Advanced Biofuels, LLC
Eastman Chemical Company
Exxon Mobil Corporation
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