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Increase in the popularity of bio-based fuels and rising government initiatives are key factors driving the market growth.
VANCOUVER, BC, UNITED STATES, August 23, 2022 /EINPresswire.com/ -- The global Bio isobutene market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Bio isobutene market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration of Bio isobutene market.
The global bio-isobutene market is expected to reach a market size of USD 34.68 Billion at a revenue CAGR of 3.3% in 2028, according to the latest analysis by Emergen Research. The need to reduce environmental impact caused due to carbon emission is a key factor driving growth of global bio-isobutene market. It is used in a variety of applications including agriculture and pharmaceuticals industry. Increasing awareness and use of biofuel in the transportation sector is a major factor driving growth of the market. Increased investment for the research and development of bio-fuel also contributes to growth of the market. The focus of the governments all over the world on reducing pollution and encouraging the use of bio-fuel is another factor expected to drive growth of the market. Moreover, governmental policies and regulations aimed at encouraging and easing the entry of new players in to the market adds to growth of the market.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Major companies operating in bio-isobutene market are Gevo, Inc., Global Bioenergies, Butagaz, BASF SE, ExxonMobil, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, Clariant, and INEOS.
Industrial structure analysis of the Bio Isobutene market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Analysis of Bio Isobutene market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Bio Isobutene market
Comprehensive analysis of competitive developments such as expansions, agreements,
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The report studies the historical data of the Bio Isobutene Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented global bio-isobutene market based on product type, application, and region:
· Product Type Outlook (Revenue, USD Billion; 2018–2028)
· Application Outlook (Revenue, USD Billion; 2018–2028)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Points of Bio Isobutene Market:
In February 2021, HCS Group and Gevo signed a strategic agreement to produce sustainable aviation fuel and low carbon chemicals in Europe.
In February 2019, Global Bioenergies joined hands with Clariant to produce batches of wheat straw-based isobutene which can be used in plastic, fuel, lubricants, solvent, and cosmetic applications.
North America accounted for largest revenue share in the global market in 2020 and is expected to grow at a significantly fast rate during the forecast period. This can be attributed to the huge investments for the research and development of bio-isobutene in the region. Presence of major companies in the market in the region is also a driving factor for growth of the market.
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Bio Isobutene Market Size Worth USD 34.68 Billion in 2028
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