Bio-Isobutene Market to Observe Prominent CAGR of 100% by 2026, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

According to MarkNtel Advisors study the Global Bio-Isobutene Market is projected to witness more than 100% CAGR during the forecast period, i.e., 2021-26.

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Key Findings of the Study: Bio-Isobutene market

Key Driver: Increasing Government Inclination toward Bringing Environmental Sustainability

With growing concerns over the depleting environmental conditions due to the rapidly increasing carbon emissions, governments of different countries worldwide are encouraging several industries to adopt bio-based products like bio-isobutene in order to achieve sustainability of resources & reduce dependency on fossil fuels.

Moreover, the aviation industry, the largest contributor to carbon emissions, is also conducting numerous research & development activities to develop sustainable aviation fuel & positively influence the growth of the Global Bio-Isobutene Market. In addition, the cosmetic industry is another prominent role player utilizing bio-isobutene as an alternative to petroleum and contributing to the overall market expansion.

For more detailed information about the Bio-Isobutene market report, click here – https://www.marknteladvisors.com/research-library/global-bio-isobutene-market.html

Scope of the Report and Bio-Isobutene Market Segmentation:

By Type

• Straw derived Bio-Isobutene
• Sugar beet and Sugar cane derived Bio-Isobutene
• Wood derived Bio-Isobutene
• Cereals derived Bio-Isobutene
• Tubers derived Bio-Isobutene

By End-User

• Fuel
• Lubricant Additives
• Bio-Based Cosmetic Ingredients
• Butyl Rubber
• Organic Glass
• Bio Based Plastics

Of them all, the demand for Straw Derived Bio-Isobutene is anticipated to demonstrate astronomical growth over the forecast years.

Bio-Isobutene Market Competitive Landscape

• BASF SE
• Exxon Mobil Corporation
• LanzaTech Inc.
• Songwon Industrial
• Butamax Advanced Biofuels, LLC
• Clariant
• Lanxess AG
• Eastman Chemical Company
• INEOS
• Sinopec Corp
• Dow Chemicals
• Gevo, Inc.
• Butagaz
• Global Bioenergies

Bio-Isobutene Market Development:

• Global Bioenergies, a french company that uses agriculture products to produce light liquid hydrocarbons through different biological methods, has, since 2019, been actively working on the application of bio-isobutene as an alternative to petroleum in cosmetic products.
• In addition, the leader has recently launched its make-up brand, LAST, the production unit of which is at Pomacle, France. In the coming years, the leader plans to expand the plant to produce massive skincare & haircare products using renewable materials like Bio-Isobutene & substituting silicon.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Note: If you require specific information not covered in the current report, we can provide it through customized option

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