BIO-BUTANOL MARKET ANALYSIS

Market Trends

North America holds the largest market share due to low temperature weather in most of the countries of the region. Europe is the second-largest market, globally. Significant investment in R&D in these regions has resulted in alternatives for petroleum derived fuels.

Asia Pacific is estimated to be the fastest growing market over the forecast period due to the growing population in the region, which in turn, is increasing the demand for cleaner fuel for transportation as well as greener paints and coatings to support the growing construction industry in the region. India and China are expected to be major growth engines due to growing aviation and transportation industries in the countries.