Bio-Butadiene Market Segmentation:
Grade Segment Analysis
Industrial grade segment is projected to account for more than 72.2% bio-butadiene market share by the end of 2035 owing to growing demands for sustainable materials in manufacturing applications for rubber, resin, plastic, etc. Industrial-grade bio-butadiene is estimated to witness larger commercial applications by industries seeking to curb carbon footprints without compromising on the quality of raw materials for manufacturing. For instance, in Additionally, the shift in demands for renewable materials in manufacturing marks a burgeoning trend of industrial decarbonization that is set to assist the robust growth of this segment.
Laboratory grade bio-butadiene is poised to increase its share in the global bio-butadiene market by the end of the forecast period. The growth of the segment is attributed to demands in specialized applications and small-scale chemical synthesis. Laboratory grade bio-butadiene is used in academic and industrial research institutions. The increasing research and development activities on bio-butadiene benefit the robust growth of this segment. For instance, in April 2021, Trinseo and ETB signed a letter of intent to collaborate on the development of purified bio-based 1,3-butadiene.
Source Segment Analysis
By source, the biomass-based segment held the largest revenue share in the global bio-butadiene market. The robust growth of the segment is owed to advancements in biomass conversion technologies, allowing greater production of bio-butadiene from renewable sources. The rising demand for sustainable end-products as well as calls to invest in sustainable supply chains is poised to maintain the growth curve of the biomass-based segment. Additionally, biomass-based bio butadiene offers an eco-friendly alternative to petrochemical butadiene. For instance, in December 2021, Riken published a study on using genetically engineered bacteria, i.e., Escherichia coli to convert glucose to bio-butadiene.
Our in-depth analysis of the market includes the following segments:
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