Bio-butanol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The bio-butanol market is projected to register a CAGR of over 8% during the forecast period.
The COVID-19 pandemic negatively affected the market due to lockdowns and the temporary shutdown of manufacturing plants. However, the rising application of bio-butanol in acrylates for the paint and coatings industry will boost the adoption of the bio-butanol industry.
Key HighlightsThe bio-butanol market is in the nascent stage and is apparently a consolidated one. The major players of the market studied (not in any particular order) include Cathay Industrial Biotech, Gevo Inc., GranBio, Eastman Chemical Company, and Abengoa.
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