Bio-BDO Market - Forecast(2021 - 2026)
Bio-BDO Market size is forecast to reach $709 Million by 2025, after growing at a CAGR of 5.6% during 2020-2025. With rise in the consumption of plastics, the Bio-BDO Market is witnessing an increase in demand. Growing public interest towards sustainable and environment-friendly products will further enhance the overall market demand for Bio-BDO during the forecast period.
Report Coverage
The report: “Bio-BDO Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bio-BDO Market.
By Source – Sugar and Biomass
By Technology - Genomatica’s Process Technology, DAVY™ Butanediol Process, Fermentation-Based Process, BioAmber Process Technology, Hydrogenation of Aqueous Succinic Acid Stream, Others.
By Application – Polytetramethylene Ether Glycol, Polybutylene terephthalate, Thermoplastic polyurethane, N-Methyl-2-pyrrolidone, Tetrahydrofuran, Others
By End Use – Automotive, Aviation, Textiles, Consumer goods, Packaging, Others.
By Geography – North America, South America, Europe, APAC, RoW.
Key Takeaways
- .Asia-Pacific dominates the Bio-BDO Market owing to increasing demand of plastics from applications of automotive and aviation industries.
- .Increasing production capacity, is likely to aid in the market demand of Bio-BDO market.
- Increasing adoption of sustainable and environment friendly products and implementation of stringent government regulations, will increase the market demand for Bio-BDO in the near future.
- .COVID 19 pandemic will create hurdles for the Bio-BDO Market.
Source – Segment Analysis
Sugar holds the largest segment for Bio-BDO Market. A sustainable bioprocess for the production of 1,4-butanediol (BDO) from carbohydrate feedstocks was developed. BDO is a chemical intermediate that goes into a variety of products including automotive parts, electronics, and apparel, and is currently manufactured commercially through energy-intensive petrochemical processes using fossil raw materials. This review highlights the development of an Escherichia coli strain and an overall process that successfully performed at commercial scale for direct production of bio-BDO from dextrose. Achieving such high level performance required an integrated technology platform enabling detailed engineering of enzyme, pathway, metabolic network, and organism, as well as development of effective fermentation and downstream recovery processes.
Technology – Segment Analysis
As compared to other segments Genomatica’s Process Technology has been more popular in the market. The Genomatica process produces BDO the same as that made from a variety of petroleumderived feedstocks but uses 100% renewable feedstock instead. After stopping development of sugar-based methyl ethyl ketone (MEK) in 2010 to pursue bio-BDO.
This California-based company has made a string of announcements, grabbing the attention of producers and consumers alike. In March, Genomatica and Tate & Lyle signed a joint development agreement for the demonstration-scale production of Genomatica’s bio-BDO.
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