SAN FRANCISCO, September 23, 2015 /PRNewswire/ --
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.
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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. Bio-butanol 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.
Browse full research report with TOC on "Bio-butanol Market Analysis By Application (Acrylates, Acetates, Glycol Ethers, Solvents, Plasticizers and Others), And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/bio-butanol-industry
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.
Further key findings from the report suggest:
Grand View Research has segmented the bio-butanol market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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