#biorefinery market

[poojagblog-blog]

The global biorefinery market is expected to grow from an estimated USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% during the forecast period.

[medicaldevicesindustrynews]

Industrial Biotech Category Leads the Biorefinery Market

The size of the biorefinery market is about USD 150.4 billion in 2023, and it will propel at 8.8% rate by the end of this decade, to touch USD 268.3 billion by 2030. Biorefineries are facilities envisioned for producing fuels, chemicals animal feed, and energy from biomass. Recently, the spending in such infra has increased due to the rising requirement for clean fuels and energy. Based on…

[dsiddhant]

Chicago, Oct. 19, 2023 (GLOBE NEWSWIRE) -- The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™.

[researchrealmblog]

Exploring the Classification of Biorefinery Systems

A biorefinery can be defined as a facility that incorporates biomass conversion procedures and equipment to generate power, chemicals, and fuels from forest, waste, and agriculture feedstock. 

By different numerous products, a biorefinery can take benefit of the accessibility of various biomass streams as well as process intermediates and enhance the value produced from the feedstock.

Process and Uses of Biorefinery

Bioproducts are formed by altering organic resources into chemicals to make products that are generally produced from different fossil fuels like petroleum. The biorefinery utilizes hemicellulose, lignin, and cellulose from forestry, municipal, and agricultural waste sources and utilizes them as feedstocks to produce different bio-products. 

Products comprise hydrogen, ethanol, carbon char (employed as an ecologically sound fertilizer as well as to eliminate impurities from industrial smokestacks), industrial glues, bio-oils, flavorings, and various other industrial chemicals.

These products are utilized in agricultural, transportation, energy production, textiles, pharmaceuticals, building products, paper, and bioplastics sectors. 

Classification of Biorefinery Systems

Biorefineries can be classified on the basis of 4 key features: 

Platforms: Platforms refer to important intermediates between raw materials and final products. Key intermediates include:

Syngas from gasification.

Biogas from anaerobic digestion.

Hydrogen from steam reforming, water-gas shift reaction, and water electrolysis.

C5 sugars, like xylose, and arabinose, from hydrolysis of hemicellulose and food & feed side streams.

C6 sugars from hydrolysis of starch, sucrose, hemicellulose, and cellulose.

Liquid from pyrolysis (pyrolysis oil)

Lignin from lignocellulosic biomass processing.

Products: Biorefineries can be assembled in 2 major categories as per the alteration of biomass in a non-energetic or energetic product. Products are further categorized into 2 types:

Material-driven biorefinery systems: In this, the key product is a bio-based product.

Energy-driven biorefinery systems: Whereas, in energy-driven biorefinery systems, the key product is a second energy carrier as power, heat, and biofuels.

Feedstock: Dedicated feedstocks (Starch crops, marine biomass, sugar crops, lignocellulosic crops, grasses, oil-based crops); and residues (lignocellulosic residues, organic residues, oil-based residues, and more)

Processes: Alteration procedure to make biomass into a final product:

Physical or Mechanical: The biomass components' chemical structure is preserved. This process comprises milling, pressing, distillation, and separation.

Biochemical: Processes under low pressure and temperature, using enzymes or microorganisms.

Chemical processes: The substrate suffers alteration due to an external chemical like hydrolysis, hydrogenation, transesterification, pulping, and oxidation.

Thermochemical: Severe conditions are applied to the feedstock (high temperature and high pressure, without or with catalyst).

What are the Benefits of Biorefineries?

Offers economic progression opportunities to both the forestry and agricultural sectors.

Helps to national energy requirements by delivering various fuels.

Creates its energy, cleanly. 

Employs municipal and local agricultural wastes, leading to fewer disposal issues.

Creates chemical commodities, bioproducts, and fuels in an ecologically sustainable means, for instance, decreasing greenhouse gas releases.  

Generates an economically competitive production procedure.

To Wrap it All Up

With the requirement for geopolitical energy security, rising energy independence, and pressure for environmental sustainability, the biorefinery industry will reach a value of USD 268.3 billion by the end of this decade.

[1-2-3-4-4498-0]

The global biorefinery products market is experiencing robust growth as industries increasingly shift towards sustainable and renewable alternatives. Biorefineries play a pivotal role in transforming biomass into a spectrum of valuable products, ranging from biofuels and biochemicals to biopolymers. The rising awareness of environmental concerns and the need to reduce dependence on fossil fuels have propelled the demand for biorefinery products, fostering innovation and investment in the sector. Governments worldwide are also supporting the development of biorefineries through favorable policies and incentives, further driving market expansion. As the world seeks greener and more sustainable solutions, the biorefinery products market is poised for continued growth, offering a promising avenue for businesses to contribute to a more environmentally conscious and economically viable future.

[marketspace360]

Biorefinery Technologies Market To Boom In Near Future By 2029

A biorefinery integrates biomass conversion processes and equipment to produce products such as transportation biofuels, power, and chemicals from biomass. With the global rise in population, the industrial revolution and urbanization have also increased. Consequently, governments and organizations around the world are forging ahead in the direction of biorefinery technologies. In addition, the global environmental rules have also triggered numerous public and private initiatives related, incenting the adoption of processes relevant to biorefinery technologies. The fuel produced through the biorefinery process emits fewer greenhouse gases and is inexpensive, fueling demand for biorefinery technologies. Besides, the industry has increased emphasis on biofuels due to the world's diminishing fossil fuel supplies to meet the growing need for energy. These factors are accelerating the growth of the biorefinery technologies market in the forecast period.

For More Industry Insight Read: https://www.fairfieldmarketresearch.com/report/biorefinery-technologies-market

Paced Demand for Sustainable Energy to Stimulate Growth Across Biorefinery Technologies Market

The need for energy has significantly increased with the surge in the global population and rising standards of living. This, in turn, has propelled the demand for renewable energy sources. Against this backdrop, biorefinery technologies has emerged as a reliable solution to meet the growing needs for energy. Green biorefinery allows sustainable conversion of green biomass into a range of commercially viable goods and energy. These biorefineries offer affordable feedstock readily available in large quantities. Hence, green biorefinery has gained tremendous popularity. Such a scenario is poised to enhance the global biorefinery technologies market landscape, creating promising growth prospects for the upcoming years.

Rise in Demand from Chemical Industry to Unlock Novel Growth Opportunities for Biorefinery Technologies Market Participants

The growing production of chemical products from biomass has led to a rise in demand for biorefineries in the chemical industry. As compared to refineries that use fossil fuels, the biomass refineries are more sustainable, eco-friendly, and viable. This is because these waste materials are widely available, can collect carbon and biomass feedstocks, and are affordable renewable resources for large-scale commercial beneficiaries. As a result, the demand for biorefinery technologies is increasing in the chemical industry, assuring influential growth across the global market. Furthermore, the increased R&D activities are expected to amplify the production of goods with most advanced features. To this end, the global market is set to witness robust growth throughout the projection period.

North America to Acquire a Dominant Position in Biorefinery Technologies Market, Backed by Strong Government Support

North America is expected to hold a lion’s share in the biorefinery technologies market. This can be mainly attributed to growing environmental concerns around the globe. The government authorities in the region have also introduced various measures related to an abundance of biogas feedstock. Moreover, there are strict laws for monitoring domestic non-renewable resource consumption, fuelling the regional market growth. In addition to this, the region has experienced tremendous technological adoption. This has led to a surge in demand for environmentally friendly waste management techniques.

Leading Market Players

Some of the major players in the biorefinery technologies market include Valero Energy Corporation, Renewable Energy Group Inc., Abengoa Bioenergy SA, UOP LLC, Neste, and Pacific Ethanol Inc.

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[wachinyeya]

The U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA) announced today an investment of $70 million in seven creative and visionary agricultural projects to transform the U.S. food and agricultural system and sustainably increase agricultural production in ways that also reduce its environmental footprint.

This Fiscal Year 2023 investment is part of the Sustainable Agricultural Systems program area of NIFA’s Agriculture and Food Research Initiative, the nation’s leading and largest competitive grants program for agricultural sciences.

The innovative program focuses on a broad range of needed research, education and Extension solutions – from addressing agricultural workforce challenges and promoting land stewardship to addressing climate change impacts in agriculture and filling critical needs in food and nutrition.

“Agriculture is facing a multitude of complex challenges,” said Dr. Chavonda Jacobs-Young, USDA Chief Scientist and Under Secretary for Research, Education and Economics. “We need all hands on deck developing creative, sustainable and strategic ways to feed, clothe and fuel future generations.”

The $10 million awards are for coordinated agricultural projects (CAPs), which are larger-scale and longer-term investments that integrate research, education and Extension efforts. These projects promote collaboration, open communication, information exchange and reduce duplication efforts by coordinating activities among individuals, institutions, states and regions.

“These research investments support exciting projects that integrate innovative systems-based thinking, methods and technologies to establish robust, resilient, and climate-smart food and agricultural systems,” said NIFA Director Dr. Manjit Misra. “These visionary projects will improve the local and regional supply of affordable, safe, nutritious and accessible food and agricultural products, while fostering economic development and rural prosperity in America.”

Explore the seven projects, which include the following:

At the University of Wisconsin-Madison, Dr. Erin Silva is leading a collaboration with the Great Lakes Intertribal Food Coalition, the Wisconsin Tribal Conservation Advisory Council, and the Menominee Nation on a transdisciplinary project that aims to scale up traditional Indigenous food production practices — practices that for generations have already been climate-smart and sustainable — by expanding production, processing, storage, and distribution systems, as well as education and Extension programs, that are needed to support integrated crop-livestock systems, cover crops, and rotationally-grazed cattle and pastured chickens.

At the University of Maine, Dr. Hemant Pendse is leading an integrated research, education and Extension effort to advance the bioeconomy by developing biorefinery technologies that will make the millions of tons of available low-grade woody biomass – which currently has a very limited market – more commercially viable in both the sustainable aviation fuel and fish feed sectors.

At Texas A&M AgriLife Research, Dr. Muthu Bagavathiannan is leading a project that seeks to transform cotton production in the southern United States into a more sustainable, climate-smart enterprise by applying improved precision management practices to increase carbon sequestration and reduce greenhouse gas emissions; enhance pest control, and nutrient and water management; and address labor challenges while creating new market opportunities.

AFRI, which also makes grants in the Foundational and Applied Sciences and Education and Workforce Development program areas, is designed to improve plant and animal production and sustainability, and human and environmental health. Grants are available to eligible colleges, universities, and other research organizations.

[solarpunkbusiness]

Kaffe Bueno and the Upcycled Beauty Company are at the forefront of a growing movement that promises to beautify personal care with circular business models committed to utilizing raw materials to their highest potential.

Denmark-based Kaffe Bueno is focused on turning waste from one particular commodity into high-quality beauty materials: Coffee.

In 2019, Kaffe Bueno launched KAFFOIL — the world’s first upcycled, coffee-based ingredient for the personal-care market — which some in the industry have dubbed “the new argan oil.” Since then, the company has attracted major capital infusions from the Danish Innovation Fund, Paulig Group and global biorefinery leader Borregaard to scale operations.

The brand’s two primary ingredients, KAFFOIL and KAFFIBRE — a natural exfoliant developed to replace plastic microbeads — can now be found in the products of over 20 brands worldwide. KAFFOIL alone was used in Nivea’s Naturally Good face cream; in Sinatur Hotels’ RENLI, an in-house toiletry and skincare label made from the hotel’s spent coffee grounds; and Givaudan’s anti-aging oil, Koffee'Up.

[adalidda]

Illustration Photo: Sugarcane is one of the most efficient producers of biomass of all plant species and can be used as a renewable fuel. The new variety  Ho 06-9002 has a high fiber content, excellent regrowth ability over 4 to 5 years, is cold-tolerant, has a high stalk population, and produces excellent biomass yields. (credits: USDA Media by Lance Cheung / Public domain)

Repsol Entrepreneurs Fund for Startups in the Energy Transition

At the Repsol Foundation, we have been supporting entrepreneurship and entrepreneurs for more than 10 years through Fondo de Emprendedores, our accelerator for start-ups that provide technological solutions to meet the challenges of the Energy Transition. This is a perfect program for start-ups in the testing phase with real customers, or that will reach this phase in 1–2 years.

This program aims to accelerate startups working in any of the following:

SCOPE 1: LOW-CARBON ENERGY TECHNOLOGIES AND CIRCULAR ECONOMY 1. Recycling and treatment technologies: conversion of biomass, new processes for converting waste into chemical products 2. Biogas production, upgrading, transport and end use technologies 3. Low environmental impact H2 renewable solutions for production, blending, transport and storage 4. Advanced biofuel production and conversion technologies (liquefaction or de novo, gasification) and synthetic fuels for road, maritime and aviation transport 5. Processing of chemicals and other organic materials for circular economy 6. Low-carbon lubricants for industrial and automotive applications 7. CO2 Capture, Use and/or Storage Technologies. CO2 Direct Air Capture: new absorbent materials and efficient process design 8. COX, H2 conversion processes to Hydrocarbons 9. Low carbon technologies for Oil & Gas operations, including energy efficiency, GHG direct emissions (scopes 1 and 2), Methane emissions, CCS or Geothermal. 10. Other technologies related to this scope’s heading

SCOPE 2: BIOTECHNOLOGY AND NANOTECHNOLOGY FOR SUSTAINABLE SOLUTIONS 1. Bio conversion of organic material to chemicals. Biorefinery, biofactory 2. Protein engineering, development of biocatalysts and enzymes 3. Gene editing technologies and applications in energy and materials 4. Plastic biodegradation technologies 5. Biosensors design, production and end use. 6. Anti-corrosive, anti-bacterial, thermal nanocoating for pipelines and infrastructures 7. Organic and inorganic membrane technologies, including new materials 8. Improvement of the properties of fuels, lubricants and chemicals 9. Other technologies related to this scope’s heading

SCOPE 3: PRODUCTS AND SERVICES BASED ON ENERGY MANAGEMENT AND RENEWABLES 1. Intelligent energy management systems 2. New batteries and fuel cells technologies 3. Distributed energy solutions 4. Energy conversion and storage systems 5. Advanced mobility solutions 6. Renewable energy generation, maintenance and control and commercialization. 7. Other technologies related to this scope’s heading

SCOPE 4: DIGITAL TECHNOLOGIES FOR THE ENERGY SECTOR 1. Artificial intelligence applied to process optimization and energy efficiency. 2. Digital twins and intelligent interfaces for process control 3. Digital technologies for predictive and prescriptive maintenance 4. Smart trading for the energy marketplace 5. Computational chemistry tools for energy applications 6. Remote sensing, IoT and robotic solutions for industrial assets and environment 7. Quantum computing applications in energy sector 8. Other technologies related to this scope’s heading SCOPE 5: NATURAL SOLUTIONS FOR CARBON FOOTPRINT REDUCTION 1. Reforestation and afforestation technologies for resilient CO2 absorption sinks 2. Advanced monitoring, reporting and verification technologies in CO2 absorption 3. Digital technologies applied to carbon markets value chain 4. Technologies for ESG (Environmental, Social and Governance) project certification 5. Other technologies related to this scope’s heading

Startups admitted to the Program will receive during the acceleration period a contribution of FIVE THOUSAND EUROS (€ 5,000) per month as ordinary funds. Additionally, admitted Startups may request up to a maximum of FORTY THOUSAND EUROS (€ 40,000) per year as extraordinary funds for strategic expenses to achieve the milestones of the Work Plan (as defined in section 4.4), mainly to complete the pilot test. The disbursement of this additional contribution will be subject to the exclusive decision of Fundación Repsol.

Application Deadline: March 10, 2023

Check more https://adalidda.com/posts/c4qmPwNwToZAAbf2L/repsol-entrepreneurs-fund-for-startups-in-the-energy/call

[poojagblog-blog]

The global Biomethane Market is expected to grow from an estimated USD 10.3 billion in 2023 to USD 60.2 billion by 2030, at a CAGR of 28.7% according to a new report by MarketsandMarkets™. This anticipated expansion underscores the increasing prominence and adoption of biomethane as a renewable energy source. Several factors contribute to this robust growth trajectory, including heightened global awareness of climate change, a growing emphasis on reducing greenhouse gas emissions, and a concerted push towards sustainable and cleaner energy alternatives. The market's potential is further propelled by advancements in biomethane production technologies, fostering increased efficiency and cost-effectiveness. Additionally, supportive government policies and incentives worldwide are creating a conducive environment for the biomethane sector, encouraging investments and fostering innovation. As industries and consumers increasingly prioritize environmentally friendly energy sources, biomethane's role in addressing these demands is becoming more pivotal.

[deshpandeisha]

Introduction to Synthetic Biology: Concepts and Applications

The global synthetic biology market size reached USD 10.35 Billion in 2021 and is expected to register a revenue CAGR of 26.7% during the forecast period, according to latest analysis by Emergen Research. Rising research and development activities in this field of synthetic biology, growing application of synthetic biology including living biotherapeutics, multiplexed diagnostics, and third-generation biorefineries as well rising investments towards synthetic biology start-ups developing tools and services are some of the key factors driving the revenue growth of the synthetic biology market.

The report on Global Synthetic Biology Market added by Emergen Research offers a comprehensive analysis of the recent advancements in the Synthetic Biology industry and trends driving the growth of the market. It is an investigative study covering analysis of market drivers, restraints, challenges, threats, and growth prospects in the global Synthetic Biology market. The global Synthetic Biology market report is a methodical research of the Synthetic Biology market done by extensive primary and secondary research. The fundamental purpose of the Synthetic Biology market report is to offer an accurate and strategic analysis of the Synthetic Biology business sphere.

Get Download Pdf Sample Copy of this Report@ https://www.emergenresearch.com/request-sample/1556

Competitive Terrain:

The global Synthetic Biology industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Amyris, Inc., Ginkgo Bioworks, Novozymes AG, Synbio Technologies, Evonetix Ltd., Calyxt, Inc., Codex DNA, Inc., GenScript Corporation., Twist Biosciences, and Eurofins Scientific, Inc

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Synthetic Biology market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Synthetic Biology market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Synthetic Biology market.

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Market Segmentations of the Synthetic Biology Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Synthetic Biology market on the basis of product, application, and region:

Segments Covered in this report are:

Product Type Outlook (Revenue, USD Billion; 2019-2030)

Synthetic DNA and Oligonucleotides

Enzymes

Synthetic Cells

Chassis Organisms

Xeno-nucleic acids

Others

Technology Outlook (Revenue, USD Billion; 2019-2030)

Gene Synthesis

Site-directed Mutagenesis

Cloning

Bioinformatics

Nucleotide Sequencing

Microfluidics

Others

Application Outlook (Revenue, USD Billion; 2019-2030)

Medical & Healthcare

Tissue Regeneration

Environment & Agriculture

Bioprocess Technology

Others

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/synthetic-biology-market

Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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[dsiddhant]

Dec 12, 2022 (AB Digital via COMTEX) -- The global Biorefinery Market is expected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to...

[palmoilnews]

TOP NEWS Agricultural Commodities > IGC cuts global wheat crop outlook on poor French harvest > Dry weather to hamper Argentina wheat crop in coming days > FOCUS-US undercounts bird flu in cattle as farmers shun testing > GRAINS-Soybeans set for third week of losses on record U.S. output > Deere beats profit targets as strong pricing, cost cuts counter slow demand > COLUMN-Huge US corn, soy yields will be put to the test by annual crop tour - > SOFTS-Raw sugar drops on improving Asia crops outlook, coffee rises > US biofuel output capacity rose last year on renewable diesel rush, EIA says > Bayer wins victory in US legal battle against Roundup cancer claims > Brazil's Raizen partners with Dutch biorefinery to explore lignin uses > Petrobras to invest $160 million to resume fertilizer plant operations > Russia to extend export duties on sunflowers, soybeans, Interfax report says > COLUMN-Chicago soybeans may have found fair market value if demand can be trusted > VEGOILS-Palm oil closes at 10-day high on lower stocks, bargain buying

[1-2-3-4-4498-0]

Biorefinery market: Transforming Biomass into Sustainable Products

The biorefinery Market is a process in which biomass is converted to energy and other beneficial by-products. It is a sustainable method of processing biomass into a spectrum of bio-based products and bioenergy. Biorefinery provides multiple chemicals by fractioning an initial raw material into multiple intermediates such as carbohydrates, proteins, and triglycerides, which can further be converted into value-added products. This phase of refinery is called the cascading phase.

The biorefinery market is segmented depending on its various characteristics. By product type, the market is bifurcated into energetic and non-energetic. Biodiesel, electricity, and ethanol products come under energetic category, while non-energetic biorefinery products used in resins, plastics, and solvents making processes. Biorefinery products are majorly applicable in baby care products, herbal drugs, for electricity, alcohol, and surfactants. The wide use of biorefinery products is being seen in making chemicals for building blocks. By region, the biorefinery market is studied across North America, Asia-Pacific, Europe, and LAMEA. Furthermore, Asia-Pacific is too likely to witness rise in demand and supply of biorefinery products, primarily due to severe government construction scheme for growing urban population.

COVID-19 impact analysis

During the pandemic, the insufficiency in raw material supply is anticipated to hamper the production rate of biorefinery, thus affecting the market growth.

The sectors such as commercial and agricultural sectors are major consumers of biorefinery products, and more than 50% of the factories and production rate are on a halt in pandemic.

Moreover, the market is likely to witness a temporary downfall in demand for biorefinery products due to less consumer consumption during the pandemic.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in concern of environmental safety leads to rise in usage of bio-based products in industrial activities, as these products lower emission of pollutants. In addition, the making of cosmetics, resins, and alcohols involves high usage of biorefinery products. Furthermore, the fuel produced from the biorefinery process is used in energy requirement purposes, which have low cost and lower greenhouse gas emission. Thus, all these factors together are expected to drive the growth of the global biorefinery market during the forecast period. However, the gap between consumers and suppliers is actuated to hamper the growth of the global biorefinery product market.

Key benefits of the report

This study presents the analytical depiction of the global biorefinery market industry along with the current trends and market estimation to determine the imminent investment pockets.

The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the market.

The current market is quantitatively analyzed to highlight the market growth scenario.

The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.

This report helps users in comprehending the key product segments and their future.

Key Market Players : Lanxess A.G, Dominion Energy services company, Green plains renewable energy, Archer Daniels Midland Company, Bayer Material Science LLC, Du Pont De Nemours, DSM NV

[tmr-blogs2]

Ethyl Acetate Market to Garner USD 8.8 billion by 2031

The global ethyl acetate market was estimated at a value of US$ 5.5 billion in 2022. It is anticipated to register a 5.9% CAGR from 2023 to 2031 and by 2031, the market is likely to attain US$ 8.8 billion by 2031.

The demand for solvent-based paints and coatings, in particular, is anticipated to impede the growth of the ethyl acetate market due to growing environmental concerns and strict restrictions. Throughout the projection period, there will likely be a sharp increase in demand for ethyl acetate due to the manufacturing vertical's propensity to spend more on flexible packaging in order to achieve distinction.

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Key Findings of Market Report

Laminated adhesives and high-resolution printing inks are made with ethyl acetate as a solvent.

These are used in a variety of plastic films and flexible packaging materials.

Flexible packaging is more affordable, recyclable, and comes in a range of sizes. It also has a higher durability.

A wide range of sectors have a significant demand for flexible packaging.

Polymer resins that are used to generate excellent coating solutions can be dissolved and dispersed by ethyl acetate.

This improves the packaging's durability and barrier qualities.

The industrial sector's growing preference for flexible packaging is anticipated to have a beneficial effect on the growth of the ethyl acetate market over the coming years.

The following companies are well-known participants in the global ethyl acetate market:

INEOS AG

Sekab Biofuels and Chemicals AG

Solventis Ltd.

Sasol Ltd.

Daicel Corporation

Ashok Alco-Chem Ltd.

Celanese Corp.

Eastman Chemical Co.

Godavari Biorefineries Ltd.

Jiangsu Sopo (Group) C. Ltd.

Global Market for Ethyl Acetate: Regional Outlook

Various reasons are propelling the growth of the ethyl acetate market in different regions. These are:

In 2022, the automotive, pharmaceutical, and food and beverage industries in China, Japan, and India accounted for a significant portion of the global ethyl acetate market share, with Asia Pacific holding a share of over 40%. The increasing demand for printing inks, adhesives, and coating solvents is predicted to cause the ethyl acetate markets in Vietnam and Thailand to expand considerably during the next several years.

The United Kingdom, Germany, and France are home to a significant number of suppliers and manufacturers of packaging solutions, chemical products, vehicles, and food and drinks, which contribute to Europe's significant portion of the worldwide ethyl acetate demand.

Global Ethyl Acetate Market: Key Players

The ethyl acetate industry is very competitive globally, and its major competitors are expanding their customer base by using an organic approach to development. In order to obtain a competitive advantage, they are also utilizing strategic initiatives including partnerships, joint ventures, and mergers and acquisitions Leading producers of ethyl acetate are also concentrating on creating novel bio-based solutions to meet the increasing demand for environmentally friendly goods globally.

Few of key developments by the players in this market are:

Celanese Corp. announced in February 2023 the introduction of a range of innovative sustainable solutions for different acetate chain materials. They go by the name "ECO-B."

CropEnergies AG declared in December 2022 that it will begin building a factory to convert sustainable ethanol into renewable ethyl acetate.

IOL Chemicals as well as Pharmaceuticals declared in October 2022 that the European Union had granted it regulatory approval (REACH certification) to supply ethyl acetate.

Yip's Chemical stated in July 2022 that it had signed a deal to sell PAG a 51% effective stake in Handsome Chemical, one of its solvents business subsidiaries, for around US$ 0.36 billion. With a 1.6 metric ton yearly production capacity, Handsome Chemical is the biggest manufacturer of acetate solvents.

Viridis Chemical, LLC produced sustainable ethyl acetate at its Columbus, Nebraska, production site in March 2022. In this sense, HELM U.S. is Viridis' marketing partner.

Celanese Corporation declared in March 2021 that it would substitute recycled carbon dioxide for methanol synthesis at its chemical production facility in Clear Lake, Texas, Inc. One of the essential components of many acetyl compounds, such as ethyl acetate, acetic acid, and vinyl acetate monomer (VAM), is methanol.

Global Ethyl Acetate Market Segmentation 

Application

Printing Inks

Adhesives

Cosmetics

Paints & Coatings

Pharmaceuticals

Food & Beverages

Herbicides

Others (including Marine and Mining)

Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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