DUBLIN, Mar 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Bio-Butanol Market - Segmented By Application and Geography (2016 - 2021)" report to their offering.
Bio-butanol is expected to fulfill about 20% of the global domestic gas and diesel requirement. Butanol is being considered as a suitable and safe biofuel alternative to ethanol. Bio-butanol is mixed in various proportions with gasoline to be used as Bio-Fuels, as a gasoline, diesel and jet fuel replacement. It is used in adhesives, paints, personal care products, cleaners and other high end applications - jet fuel, bio based plastics and synthetic rubber, fibres etc.
Big players like Exonnmobil, DuPont and BP are investing in a range of biofuel technologies, with BP making investments in bio-butanol production. Moreover, there are a large number of biofuel ventures banking on biobutanol as an attractive ethanol alternative.
Butanol is seen as a potential alternative to ethanol as it has 30 percent more energy per gallon than ethanol. The current global demand for butanol is exceeding 1.2 billion gallons per year and it has been valued over $6 billion annually. This high-value market will expand significantly as bio-butanol will make pathways to other chemical derivatives. In other industrial chemical markets it has a global presence of over $5 billion.
Reduction of carbon emission to a great extent. The increasing population and carbon emissions emphasis the need for cleaner alternatives. Another excellent reason is no vehicular modification required after the switch over to bio- butanol. The Life-cycle assessment of bio-butanol is advantageous compared to bio-ethanol.
Uncertainty in regulations makes it difficult to have a robust business plan. The debate over food versus fuel. Higher production costs of butanol is one of the major challenges that this industry is facing.
- Cobalt Technologies
- Cathay Industrial Biotech
- Green Biologics
- Butyl Fuel LLC.
- Energy Quest
- Butalco GmBH
- METabolic Explorer
- TetraVitae Biosciences
Key Topics Covered:
2.2 Technology Roadmap
3. Bio-Butanol Market Overview
4. Market Segmentation and Analysis
5. Regional Market Analysis
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/2x24fp/global
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SOURCE Research and Markets