BIO-BASED PROPANOL MARKET
INTRODUCTION
Bio-based propanol is a bio-based solvent derived from renewable raw materials. It is a versatile and high-performance, low-toxicity product that is used in a wide range of applications, including industrial and consumer products, coatings, and inks.
It is also used in the production of pharmaceuticals, food, and beverage products. Compared to traditional petrochemical-based propanol, bio-based propanol has a smaller environmental footprint due to its renewable and sustainable source.
Bio-based propanol is produced by fermenting renewable resources such as corn, wheat, and other grains, or via chemical or biotechnological processes. It is a colorless liquid with a mild odor and a boiling point of 90°C. It is miscible with water and other organic solvents, and is highly flammable.
Bio-based propanol can be used in a variety of applications, including industrial cleaning, coating and printing applications, and as a chemical intermediate. It is used as a solvent in the production of coatings, adhesives, and inks, as well as in the production of pharmaceuticals. It is also used in the production of food and beverage products as a flavoring agent, as well as in the production of cosmetics and personal care products.
Bio-based propanol is a clean, green and cost-effective alternative to traditional petrochemical-based propanol. It has a lower environmental impact than petrochemical-based propanol and is less toxic, making it a safer choice for industrial and consumer products. Bio-based propanol is an important part of the sustainable and renewable resources industry, and its use is expected to increase in the years to come.
BIO-BASED PROPANOL MARKET SIZE AND FORECAST
The Global Bio-based propanol market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
BIO-BASED PROPANOL MARKET RECENT PARTNERSHIP
Together, the Eni and BASF companies are developing a sustainable method for turning industrial waste into bio-propanol. Eni will buy fatty acid methyl ester, or FAME, from European suppliers.
The goal of the cooperation is to create a new technique to produce improved bio-propanol from glycerin, a byproduct of the manufacturing of industrial biodiesel.
Glycerin is converted to propanol using a novel catalytic hydrotreatment method in the technology that is currently being developed. In order to maximize the yield and purity of the bio-propanol generated while reducing by-products, the new method involves applying a high-pressure hydrogenation reaction over a BASF catalyst. When considering fossil fuels, bio-propanol presents a 65–75% reduction in greenhouse gas emissions.
This novel approach yields propanol, which is readily blended with petrol as a drop-in biofuel ingredient. Bio-propanol is an important ingredient in the production of premium petrol because of its higher octane number and superior physicochemical characteristics when compared to bioethanol.
The biodiesel business is the primary source of almost half of the world’s glycerin production; roughly 10% of a tone of biodiesel is produced for every tone of biodiesel. Global glycerin output rose from 200,000 t/y to roughly 5,000,000 t/y due to an increase in biodiesel production. The European RED II directive classifies glycerin as an advanced bio-feedstock because it is a vegetable residue.
Being the greatest catalyst with a long lifetime and high efficiency, they are appreciative to promote the development of the advanced bio-propanol. For them, one of the main sources of innovation and growth is the chance to work with reputable industry partners like Eni.
As part of its commitment to research and development for decarbonization, Eni has developed sophisticated bio-propanol technology from glycerin. Eni’s plan to create supply chains for “advanced generation” biofuels from feedstocks that do not compete with food supply chains is aligned with this collaboration, which enables them to speed up innovation and significantly reduce time to market.
THIS BIO-BASED PROPANOL MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many Bio-based propanol are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- Cost breakup of a Global Bio-based propanol and key vendor selection criteria
- Where is the Bio-based propanol manufactured? What is the average margin per unit?
- Market share of Global Bio-based propanol market manufacturers and their upcoming products
- Cost advantage for OEMs who manufacture Global Bio-based propanol in-house
- key predictions for next 5 years in Global Bio-based propanol market
- Average B-2-B Bio-based propanol market price in all segments
- Latest trends in Bio-based propanol market, by every market segment
- The market size (both volume and value) of the Bio-based propanol market in 2024-2030 and every year in between?
- Production breakup of Bio-based propanol market, by suppliers and their OEM relationship
