- The key vendors in the global bio-based butanol market 2015-2019 are Butalco, Butamax, Cobalt Technologies, Gevo, Green Biologics, Laxmi Organic Industries, Novozymes, Syntec Biofuel and ZeoChem
London, 22 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global bio-based butanol market 2015-2019. Giant bio-based manufacturers and biotech research firms are entering into strategic alliances, partnerships, cooperation agreements, and joint ventures to achieve breakthroughs in developing cost-effective and scalable processes for the production of bio-butanol on a large scale to achieve economies of scale. The global bio-based butanol market 2015-2019 is expected to grow at a CAGR of 9.27% in terms of revenue during the forecast period of 2014-2019.
So as to explore the commercial potential of bio-based butanol, biotech research firms are collaborating with giant technology partners which, in turn, is resulting in achieving major breakthroughs in developing dependable, efficient, and cost-effective bio-butanol production facilities.
“Bio-based butanol manufacturers are focusing on finding ways to utilize various feedstocks in order to support sustainable farming practices, which will encourage farmers to rotate their crops, helping safeguard soil nutrients over time,” says Faisal Ghaus, Vice President of Technavio Research.
“The capacity to process a range of non-nourishing feedstock will guarantee that there will be an abundant supply of feedstock and avoid the risks associated with reliance on a single crop.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
