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Bio-Butadiene Market Trends

  • Report ID: GMI10508
  • Published Date: Jul 2024
  • Report Format: PDF

Bio-Butadiene Market Trends

The market is experiencing several notable trends that are shaping its trajectory. The focus on developing bio-butadiene from a variety of feedstocks, such as agricultural waste and non-food biomass, is increasing to mitigate concerns related to food security and land use. This move towards feedstock diversification is not only enhancing sustainability but also helping to build more resilient supply chains. Additionally, there is a significant rise in investment dedicated to research and development to scale up production to meet industrial needs. This trend is accompanied by the growing integration of bio-butadiene into existing product lines, especially in the automotive and textile sectors. Manufacturers are increasingly incorporating bio-butadiene into their products to satisfy consumer demand for sustainable materials and to comply with more stringent environmental regulations.
 

Furthermore, there is a shift towards regionalizing production, with companies setting up facilities closer to biomass sources and end-users. This regional approach aims to reduce transportation costs and carbon footprints. These trends collectively reflect a market that is evolving to address challenges and seize the growing demand for sustainable alternatives to petrochemical-based products.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Bio-butadiene market was valued at USD 50.2 million in 2023 and is anticipated to register over 10.4% CAGR between 2024 and 2032 owing to environmental regulations and sustainability.

The industrial grade segment in the bio butadiene market held USD 41.2 million in 2023 and is expected to cross over USD 99.2 million by 2032 due to its extensive use in manufacturing processes across various industries.

North America bio butadiene market generated over USD 17 million in 2023 due to advanced technology, strong sustainability focus, and a robust industrial base.

SABIC, Axens, Biokemik, Braskem, ETB Catalytic Technologies, Evonik Industries, IFPEN, Synthos , Trinseo, and Zeon Corporation among others.

Bio-Butadiene Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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