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 a 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 the development of effective fermentation and downstream recovery processes.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=503010
Report Price: $ 4500 (Single User License)
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 petroleum-derived feedstocks but uses 100% renewable feedstock instead. After stopping the 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.
Application – Segment Analysis
Polytetramethylene Ether Glycol holds the largest application segment in the Bio- BDO market. PTMEG (Polytetramethylene Ether Glycol) is mostly used to produce spandex (polyurethane) fibers, (lycra). Bio-BDO is a building block. mostly used in plastics but will be used more and more in textiles, automotive and consumer goods in the future. The most popular plastic applications are packaging, shopping bags, tableware and could be used in moulded industrial and consumer goods. Bio-BDO is a chemical used as solvent and building block in (bio)plastics, elastic fibres and polyurethanes. Bio-BDO is 100% bio-based and biodegradable. Bio-BDO has a 60% reduced greenhouse gas across its life-cycle when compared to fossil-BDO.
End Use – Segment Analysis
Automotive sector has been the primary market for Bio-BDO. Bio-BDO is used for the manufacture of polybutylene terephthalate (PBT). PBT shows high strength, excellent thermal stability and good durability leading to its increasing usage in the automotive industry for automotive front and rear end fascia, bumpers, fenders, and spoilers. The growing automotive sector in APAC economies, like China are India, are witnessing growth in the automotive sector, thereby driving the market. PBT is a synthetic thermoplastic polymer, One of the major factors driving the PBT is the rising demand for lightweight vehicles, due to their competitive pricing, high performance, style, reliability, strength, and safety, owing to these reasons Bio-BDO will witness increase in market demand.
Geography – Segment Analysis
APAC dominated the Bio-BDO Market with a share of more than xx%, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India. According to the OICA (International Organization of Motor Vehicle Manufacturers), for most vehicles manufactured in year 2018, China, India & Japan are in the top 20 countries around world. In which China has ranked 6th whereas India & Japan are ranked 14th and 18th respectively. So, in countries like these there is a chance of huge growth opportunity for Bio-BDO market as Bio-BDO is indirectly used in automotive sector. In automotive and other transportation facilities, PBT allows for energy absorption, weight reduction, shock absorption for bumpers, restriction of explosion risk in fuel tanks, seat belts, airbags, door and seat assemblies, subsystems, bumpers, under-bonnet components, exterior trim, and various other applications.
Drivers – Bio-BDO Market
Increasing Production capacity
Improvements in the production process and increased production capacity will reduce production costs of bio-BDO. Production of PBT Polybutylene terephthalate) mostly used in automotive. More geographical expansions regarding Bio-BDO industries will further lower down the prices of Bio-BDO, which will eventually help in lowering down prices of bio-BDO the end products and as the products becomes less expensive, demand of Bio-BDO market will also grow. Bio-BDO is produced from sugars derived from the hydrolysis of starch, the so-called glucose syrup. Bio-BDO is produced through a single-step fermentation by a metabolically engineered strain of E.coli type bacteria.
Implementation of Stringent Environment Regulations
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. They are extremely durable and environmentally friendly. Bio-BDO has higher purity, performed in the same way in the polymerization process, which will further boost the adoption of Bio-BDO market. Bio-BDO is a chemical used as solvent and building block in (bio)plastics, elastic fibres and polyurethanes. Bio-BDO is 100% bio-based and biodegradable.
Talk to one of our sales representative about the full report by providing your details in the link below:
Challenges – Bio-BDO Market
Impact of COVID 19 on Bio-BDO
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for Bio-BDO.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the fuel additives market. Major players in the Bio-BDO Market are Ashland, BASF SE, Dairen Chemical Corporation, Mitsubishi Chemical Corporation, and Nan Ya Plastics Corporation, among others.
In September 2019, INEOS Enterprises has announced the completion of the acquisition of the entire composites business from Ashland Global Holdings Inc. The acquisition also includes a BDO facility in Germany.