United States Biopropanol Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The US Biopropanol market is experiencing significant growth, driven by the rising demand for sustainable and eco-friendly alternatives in various industries. As businesses increasingly focus on reducing their carbon footprints, biopropanol has emerged as a leading solution. Derived from renewable resources like corn and sugarcane, biopropanol serves as a green alternative to traditional petroleum-based propanol. This shift is gaining momentum, particularly in industries such as automotive, chemical manufacturing, and consumer goods.
The biopropanol market has different types, including bio-based isopropanol and bio-based n-propanol. Both variants are derived through fermentation processes, with slight variations in their production methods and end applications. Bio-based isopropanol is widely used as a solvent in cleaning products, paints, and disinfectants, while bio-based n-propanol is essential in industrial applications such as solvent-based coatings and in the pharmaceutical industry.
Industries require biopropanol for several reasons. In the automotive sector, biofuels like biopropanol offer an alternative to gasoline, contributing to a reduction in harmful emissions. The chemical industry utilizes biopropanol in the manufacturing of solvents, coatings, and other essential materials. The pharmaceutical and cosmetics industries also rely on this versatile chemical in formulations for personal care and medicinal products. Additionally, biopropanol is considered a renewable resource, making it an attractive option for businesses aiming to meet sustainability goals.
As consumer demand for sustainable products grows, the US biopropanol market is poised for further expansion. Technological advancements are expected to enhance production efficiencies, lowering costs and increasing availability. Government incentives and regulatory measures supporting green initiatives are also expected to fuel market growth. With these factors in place, biopropanol is set to play a critical role in the transition toward a more sustainable and environmentally friendly economy.
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BASF
Arkema
VERBIO
Vereinigte BioEnergie
BRASKEM
DuPont
Cargil
DSM
Mitsubishi Chemical
Raizen
BP Biofuels
Genomatica Inc.
CREMER OLEO GmbH
GODAVARI BIOREFINERIES
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Biopropanol Market
Automotive Fuel
Industrial Solvent
Chemical Feedstock
Cosmetics and Personal Care Products
Food and Beverage Industry
Fermentation
Synthetic Production
Biochemical Process
Catalytic Hydrogenation
Enzymatic Processes
Biomass Feedstock
Sugarcane
Waste Materials (Agricultural and Industrial)
Starch-based Biomass
Lignocellulosic Biomass
Automobile and Transportation
Aerospace
Chemicals and Plastics
Pharmaceuticals
Food and Beverage
Direct Sales
Online Retail
Distributors
Wholesale Suppliers
Third-party Logistics (3PL)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Biopropanol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Biopropanol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Biopropanol Market, By Type
6. US Biopropanol Market, By Application
7. US Biopropanol Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Biopropanol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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