Bio-Isobutene market is anticipated to expand significantly through 2028. The market is rapidly expanding due to numerous factors, including growing focus towards sustainability which has brought attention towards adopting safe and low-carbon emission activities. Bio-Isobutene is anticipated to deliver dependability and environmental and socioeconomic sustainability in the worldwide chemical value chain. Additionally, growing demand from automotive and aviation industries for fuel is further expected to drive the market growth.  Besides, growing demand from cosmetic ingredients applications results in the growth of bio-isobutene market. Bio-isobutene is a bio-derived variant of conventional isobutene.  The Biobased Industries Joint Undertaking (BBI-JU) selected a project worth USD 10.10 million (Euro9.8 million) to optimize the conversion of residual wheat straw to bio-isobutene for bio-based chemicals (OPTISOCHEM), grant agreement No. 744330, in the frame of the European Union (EU) Horizon 2020 (H2020) program for research and innovation, following a “very selective and competitive” process led by independent experts.

Furthermore, the increasing demand from rubber, plastic, and other end user industries are the crucial factors that propel the market’s growth. With stringent rules implemented by governments to replace conventional fuel and high demand for bio-based products, the market is witnessing a shift towards more cleaner and sustainable products. Various companies and research organizations operating in the market are also focusing on developing such ecofriendly products. This in turn is expected to create huge prospects for the market growth in the coming years.

Government Initiatives

In the current scenario, various government across the globe are applying many rules & regulations regarding environment safety., They are encouraging the shift from conventional fuel to bio-based fuel and its derivatives. Using biomass-based raw material over a conventional one, is a better way to generate bio-based products. Different biomass raw materials, such as straw, sugar beet, cane, among others have a good quantity of starch and sugar which can be combined with conventional isobutene to produce bio-isobutene. Thus, the worldwide bio-isobutene market is anticipated to witness substantial growth from using bio-based raw materials during the projected period.

 

Increasing Demand from Various End User Industries

Bio-isobutene chemical is one of the leading petroleum derivatives derived from sugar and starch residues, agricultural and forestry waste. It is used in various applications like fuel, butyl rubber, bio-based cosmetic ingredients, lubricant additives, among others. Bio-based cosmetic ingredients primarily drive the market for Bio-Isobutene. The demand for bio-isobutene is appreciable because it does not change the viscosity or texture properties of creams or lotions and is thus a direct and complete replacement for petroleum-based substances. In addition, the new product contains more than 50% regenerative carbon and thus belongs to the group of natural and biological cosmetic ingredients and products.  As a result, many companies operating in the market have committed to adopt this. With the increasing demand for bio-isobutene from the cosmetic ingredients industries, there is an opportunity to increase the production of bio-isobutene globally; thereby driving the global bio-isobutene market.

 

Recent Developments

  • In February 2021, Gevo & HCS group signed an MOU to produce sustainable aviation fuel and low-carbon chemicals in Europe.
  • The first batch of bio-isobutene to Heracles Winery with the motive to encourage innovation in the field of bio-based gas was developed by Global Bioenergies & Butagaz in March 2019.
  • In February 2019, Global Bioenergies joined hands with Clariant to produce batches of wheat straw-based isobutene, which can be used in plastic, fuel, lubricants, solvent, and cosmetic applications.
  • In April 2018, Audi & Global Bioenergies announced the testing of renewable gasoline blended with bio-isobutene.

 

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Market Segmentation

Global Bio-Isobutene Market is segmented based on products, application, end-use. Based on products, the market is categorized into straw-derived bio-isobutene, sugar beet bio-isobutene, cane-derived bio-isobutene, and others. Based on application, the market is fragmented into fuel, butyl rubber, bio-based cosmetic ingredients, lubricant additives, and others. Based on end use, the market is divided into automobile, aerospace, pharmaceuticals, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, and Rest of World.

Company Profiles

Global Bioenergies SA, Clariant AG, Gevo Inc., Butagaz, Butamax Advanced Biofuels, LLC., Dow Chemical Co. Ltd., BASF SE, Songwon Industrial Co. Ltd., Ineos Group Ltd., Exxon Mobil Corp. are some of the key players operating in the Global Bio-Isobutene Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Products

·         Application

·         End Use

Regional scope

North America, Europe, Asia Pacific, Rest of World

Country scope

United States; Mexico; Canada; France; Germany; United Kingdom; Switzerland; Italy; Belgium; Austria; China; India; South Korea; Japan; Thailand; Indonesia; Australia; Malaysia; Brazil

Key companies profiled

Global Bioenergies SA, Clariant AG, Gevo Inc., Butagaz, Butamax Advanced Biofuels, LLC., Dow Chemical Co. Ltd., BASF SE, Songwon Industrial Co. Ltd., Ineos Group Ltd., Exxon Mobil Corp.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global bio-isobutene market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Bio-Isobutene Market, By Products:
    • Straw-Derived Bio-Isobutene
    • Sugar Beet Bio-Isobutene
    • Cane-Derived Bio-Isobutene
    • Others
  • Bio-Isobutene Market, By Application:
    • Fuel
    • Butyl Rubber
    • Bio-Based Cosmetic Ingredients
    • Lubricant Additives
    • Others
  • Bio-Isobutene Market, By End Use:
    • Automobile
    • Aerospace
    • Pharmaceuticals
    • Others
  • Bio-Isobutene Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Switzerland
      • Italy
      • Belgium
      • Austria
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Thailand
      • Indonesia
      • Australia
      • Malaysia
    • Rest of World
      • Brazil

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the global Bio-Isobutene market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Bio-Isobutene Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Products (Straw-Derived Bio-Isobutene, Sugar Beet Bio-Isobutene, Cane-    Derived Bio-Isobutene, Others)

5.2.2.    By Application (Fuel, Butyl Rubber, Bio-Based Cosmetic Ingredients, Lubricant     Additives, Others)

5.2.3.    By End-Use (Automobile, Aerospace, Pharmaceuticals, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, Rest of World)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Products

5.3.2.    By Application

5.3.3.    By End Use

5.3.4.    By Region

6.    North America Bio-Isobutene Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Products

6.2.2.    By Application

6.2.3.    By End Use

6.2.4.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Bio-Isobutene Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Products

6.4.1.2.2.           By Application

6.4.1.2.3.           By End Use

6.4.2.    Mexico Bio-Isobutene Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Products

6.4.2.2.2.           By Application

6.4.2.2.3.           By End Use

6.4.3.    Canada Bio-Isobutene Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Products

6.4.3.2.2.           By Application

6.4.3.2.3.           By End Use

7.    Europe Bio-Isobutene Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Products

7.2.2.    By Application

7.2.3.    By End Use

7.2.4.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Bio-Isobutene Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Products

7.4.1.2.2.           By Application

7.4.1.2.3.           By End Use

7.4.2.    Germany Bio-Isobutene Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Products

7.4.2.2.2.           By Application

7.4.2.2.3.           By End Use

7.4.3.    United Kingdom Bio-Isobutene Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Products

7.4.3.2.2.           By Application

7.4.3.2.3.           By End Use

7.4.4.    Switzerland Bio-Isobutene Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Products

7.4.4.2.2.           By Application

7.4.4.2.3.           By End Use

7.4.5.    Italy Bio-Isobutene Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Products

7.4.5.2.2.           By Application

7.4.5.2.3.           By End Use

7.4.6.    Belgium Bio-Isobutene Market Outlook

7.4.6.1.        Market Size & Forecast

7.4.6.1.1.           By Value & Volume

7.4.6.2.        Market Share & Forecast

7.4.6.2.1.           By Products

7.4.6.2.2.           By Application

7.4.6.2.3.           By End Use

7.4.7.    Austria Bio-Isobutene Market Outlook

7.4.7.1.        Market Size & Forecast

7.4.7.1.1.           By Value & Volume

7.4.7.2.        Market Share & Forecast

7.4.7.2.1.           By Products

7.4.7.2.2.           By Application

7.4.7.2.3.           By End Use

8.    Asia-Pacific Bio-Isobutene Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Products

8.2.2.    By Application

8.2.3.    By End Use

8.2.4.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Bio-Isobutene Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Products

8.4.1.2.2.           By Application

8.4.1.2.3.           By End Use

8.4.2.    India Bio-Isobutene Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Products

8.4.2.2.2.           By Application

8.4.2.2.3.           By End Use

8.4.3.    South Korea Bio-Isobutene Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Products

8.4.3.2.2.           By Application

8.4.3.2.3.           By End Use

8.4.4.    Japan Bio-Isobutene Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Products

8.4.4.2.2.           By Application

8.4.4.2.3.           By End Use

8.4.5.    Thailand Bio-Isobutene Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Products

8.4.5.2.2.           By Application

8.4.5.2.3.           By End Use

8.4.6.    Indonesia Bio-Isobutene Market Outlook

8.4.6.1.        Market Size & Forecast

8.4.6.1.1.           By Value & Volume

8.4.6.2.        Market Share & Forecast

8.4.6.2.1.           By Products

8.4.6.2.2.           By Application

8.4.6.2.3.           By End Use

8.4.7.    Australia Bio-Isobutene Market Outlook

8.4.7.1.        Market Size & Forecast

8.4.7.1.1.           By Value & Volume

8.4.7.2.        Market Share & Forecast

8.4.7.2.1.           By Products

8.4.7.2.2.           By Application

8.4.7.2.3.           By End Use

8.4.8.    Malaysia Bio-Isobutene Market Outlook

8.4.8.1.        Market Size & Forecast

8.4.8.1.1.           By Value & Volume

8.4.8.2.        Market Share & Forecast

8.4.8.2.1.           By Products

8.4.8.2.2.           By Application

8.4.8.2.3.           By End Use

9.    Rest of the World Bio-Isobutene Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Products

9.2.2.    By Application

9.2.3.    By End Use

9.2.4.    By Country

9.3.  Pricing Analysis

9.4.  Rest of the World: Country Analysis

9.4.1.    Brazil Bio-Isobutene Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Products

9.4.1.2.2.           By Application

9.4.1.2.3.           By End Use

10. Market Dynamics

10.1.             Drivers

10.1.1. Rise in the popularity of bio-based fuels

10.1.2. Stringent laws and regulations by governments

10.1.3. Competitive Raw Material Cost

10.2.             Challenges

10.2.1. Technical Knowhow Barrier and Cost

10.2.2. Lack of awareness in developing countries

11. Market Trends & Developments

11.1.             Increasing demand for Bio-based cosmetic industry

11.2.             Collaboration With End-Use Industry

12. Global Bio-Isobutene Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Competitive Landscape

14.1.             Business Overview

14.2.             Product Offerings

14.3.             Recent Developments

14.4.             Financials (In Case of Listed Companies)

14.5.             Key Personnel

14.6.             SWOT Analysis

14.6.1. Global Bioenergies SA

14.6.2. Clariant AG

14.6.3. Gevo Inc.

14.6.4. Butagaz

14.6.5. Butamax Advanced Biofuels, LLC.

14.6.6. Dow Chemical Co. Ltd.

14.6.7. BASF SE

14.6.8. Songwon Industrial Co. Ltd.

14.6.9. Ineos Group Ltd.

14.6.10.              Exxon Mobil Corp.

15. Strategic Recommendations

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