Bio-butanol Market Analysis, Size, Growth, Share & Outlook, Forecast to 2022 | Grand View Research Inc.
The global bio-butanol market is expected to reach USD 17.78 billion by 2022, according to a new report by Grand View Research, Inc. Bio-butanol market is expected to witness significant growth in the next seven years owing to rising need for bio-based chemicals in place of petroleum based chemicals owing to their similar material characteristics, in addition to lower carbon footprints. Tight raw material supply on account of food consumption being primary focus of corn and sugarcane is expected to be a major concern over the forecast period. Biobutanol can be used as a drop-in replacement to petroleum-based butanol in all its applications. Depleting petroleum resources coupled with volatile oil prices has contributed towards the increasing need for bio-butanol. Glycol ethers are expected to grow at a CAGR of 10.9% from 2015 to 2022, in terms of revenue. Rising demand for glycol ethers on account of their various applications including solvents in liquid soaps, cosmetics, cleaning compounds, resins, paints, perfume and inks is expected to fuel growth in the next seven years. Browse Details of Report @ https://www.grandviewresearch.com/industry-
analysis/bio-butanol-industry Further key findings from the study suggest: