Market Research Report

A quick peek into the report

1.1   Industry Outlook
1.1.1   Trends: Industry Dynamics Defining the Future Trends in Bio-Isobutene Market
1.1.1.1   Focus on Development of Bio-Based Rubber and Rubber Chemicals
1.1.1.2   Growing Research and Development Activities
1.1.1.3   Adopting Sustainable Routes, Compromising Commercial Success
1.1.2   Increasing Awareness Regarding Harmful Effects of Chemical-Based Products
1.1.3   Supply Chain Analysis
1.1.4   Industry Attractiveness
1.1.4.1   Threat of New Entrants (Moderate)
1.1.4.2   Bargaining Power of Buyers (Low-Moderate)
1.1.4.3   Bargaining Power of Suppliers (Moderate)
1.1.4.4   Threat of Substitutes (Moderate)
1.1.4.5   Intensity of Competitive Rivalry (Low)
1.1.5   Supply and Demand Analysis
1.1.6   Ecosystem/Ongoing Programs
1.2   Business Dynamics
1.2.1   Business Drivers
1.2.1.1   Impact of Business Drivers
1.2.1.1.1   Stringent Government Regulation and Support for Sustainable Development
1.2.1.1.2   Evolution in Major End User Industries in Europe: Automotive Sector
1.2.1.1.3   Competitive Raw Material Cost
1.2.1.1.4   Shifting Fuel Standards in Aerospace Industry
1.2.2   Business Restraints
1.2.2.1   Impact of Business Restraints
1.2.2.1.1   Requirement of Highly Skilled Labor
1.2.2.1.2   Technical Knowhow Barrier and Cost
1.2.2.1.3   Highly Consolidated Market
1.2.3   Business Strategies
1.2.3.1   Product Developments
1.2.3.2   Market Developments
1.2.4   Corporate Strategies
1.2.4.1   Mergers and Acquisitions, Partnerships, Joint Ventures, Collaborations, and Alliances
1.2.4.2   Partnerships, Collaborations, and Contracts
1.2.4.3   Mergers, Acquisitions, and Joint Ventures
1.2.5   Business Opportunities
1.2.5.1   Impact of Business Opportunities
1.2.5.1.1   Target Bio-Based Cosmetic Industry
1.2.5.1.2   Targeting Europe Market
1.2.5.1.3   Collaboration with Transportation Industry
1.2.5.1.4   Impact of COVID-19: Need to Scale up

2.1   Bio-Isobutene Market – Applications and Specifications
2.1.1   Impact of COVID-19 on Major End-Use Industry (by Region), as of October 2020
2.2   Global Bio-Isobutene Market (by End User), Value and Volume, 2019-2025
2.2.1   Demand Analysis of – Demand Analysis (by End User)
2.2.2   Fuel
2.2.3   Butyl Rubber
2.2.4   Bio-Based Cosmetic Ingredients
2.2.5   Lubricant Additives
2.2.6   Others (Plastic, Organic Glass etc.)
2.2.6.1   Bio-Based Plastics
2.2.6.2   Organic Glass
2.2.7   Global Bio-Isobutene Market (by End User), Volume and Value, 2019-2025
2.2.7.1   Global Bio-Isobutene Demand (by End User), Volume and Value Data
2.2.7.1.1   Pricing Analysis

3.1   Bio-Isobutene Market – Products and Specifications
3.1.1   Types of Bio-Isobutene
3.1.1.1   Straw-Derived Bio-Isobutene
3.1.1.2   Sugar Beet and Cane-Derived Bio-Isobutene
3.1.1.3   Others (Wood, Cereals, Tubers etc.)
3.2   Bio-Isobutene Market – Demand Analysis (by Product)
3.2.1   Global Bio-Isobutene Market (by Product), Volume and Value, 2019-2025
3.2.1.1   Global Bio-Isobutene Demand (by Product), Volume Data
3.3   Product Benchmarking: Growth Rate – Market Share Matrix
3.3.1   Opportunity Matrix, by Product

4.1 Opportunity Matrix, by Region
4.2   NORTH AMERICA
4.3   Markets
4.3.1   Key Manufacturers and Suppliers in North America
4.3.1.1   Business Challenges
4.3.1.2   Business Drivers
4.3.2   End-Use
4.3.2.1   North America Bio-Isobutene Demand (by End User), Volume and Value Data
4.3.3   Products
4.3.3.1   North America Bio-Isobutene Demand (by Product), Volume Data
4.3.3.1.1   Pricing Analysis
4.3.4   NORTH AMERICA (BY COUNTRY)
4.3.4.1   U.S.
4.3.4.1.1   Markets
4.3.4.1.1.1   Buyer Attributes
4.3.4.1.1.2   Business Challenges
4.3.4.1.1.3   Business Drivers
4.3.4.2   Rest-of-North America
4.3.4.2.1   CANADA
4.3.4.2.2   MEXICO
4.3.4.2.3   Markets
4.3.4.2.3.1   Buyer Attributes
4.3.4.2.3.2   Business Challenges
4.3.4.2.3.3   Business Drivers
4.4   Europe
4.4.1   Markets
4.4.1.1   Key Manufacturers and Suppliers in Europe
4.4.1.2   Business Challenges
4.4.1.3   Business Drivers
4.4.2   End-Use
4.4.2.1   Europe Bio-Isobutene Demand (by End User), Volume and Value Data
4.4.3   Products
4.4.3.1   Europe Bio-Isobutene Demand (by Product), Volume Data
4.4.3.1.1   Pricing Analysis
4.4.4   EUROPE (BY COUNTRY)
4.4.4.1   GERMANY
4.4.4.1.1   Markets
4.4.4.1.1.1   Buyer Attributes
4.4.4.1.1.2   Business Challenges
4.4.4.1.1.3   Business Drivers
4.4.4.2   FRANCE
4.4.4.2.1   Markets
4.4.4.2.1.1   Buyer Attributes
4.4.4.2.1.2   Business Challenges
4.4.4.2.1.3   Business Drivers
4.4.4.3   Rest-of-Europe
4.4.4.3.1   Markets
4.4.4.3.1.1   Buyer Attributes
4.4.4.3.1.2   Business Challenges
4.4.4.3.1.3   Business Drivers
4.5   Rest-of-the-World
4.5.1   ASIA-PACIFIC
4.5.1.1   Business Challenges
4.5.1.2   Business Drivers
4.5.2   MIDDLE EAST AND AFRICA
4.5.2.1   Business Challenges
4.5.2.2   Business Drivers
4.5.3   SOUTH AMERICA
4.5.3.1   Business Challenges
4.5.3.2   Business Drivers
4.5.4   Markets
4.5.4.1   Key Manufacturers and Suppliers in Rest-of-the-World
4.5.4.2   Buyer Attributes
4.5.5   End-Use
4.5.5.1   Rest-of-the-World Bio-Isobutene Demand (by End User), Volume and Value Data
4.5.6   Products
4.5.6.1   Rest-of-the-World Bio-Isobutene Demand (by Product), Volume Data
4.5.6.1.1   Pricing Analysis

5.1   Manufacturers and Suppliers in the Global Bio-Isobutene Value Chain
5.1.1   Gevo, Inc.
5.1.1.1   Company Overview
5.1.1.2   Product Portfolio
5.1.1.3   Production Sites
5.1.1.4   Business Strategies
5.1.1.4.1   Product Developments
5.1.1.5   Market Developments
5.1.1.5.1   Partnerships and Joint Ventures
5.1.1.6   R&D and Patent Analysis
5.1.1.7   Competitive Position
5.1.1.8   Strengths of the Company in the Bio-Isobutene Market
5.1.1.9   Weaknesses of the Company in the Bio-Isobutene Market
5.1.2   Global Bioenergies
5.1.2.1   Company Overview
5.1.2.2   Product Portfolio
5.1.2.3   Production Sites
5.1.2.4   Business Strategies
5.1.2.4.1   Product Developments
5.1.2.5   Market Developments
5.1.2.5.1   Partnerships and Joint Ventures
5.1.2.6   R&D and Patent Analysis
5.1.2.7   Competitive Position
5.1.2.8   Strengths of the Company in the Bio-Isobutene Market
5.1.2.9   Weaknesses of the Company in the Bio-Isobutene Market
5.1.3   Butagaz
5.1.3.1   Company Overview
5.1.3.2   Product Portfolio
5.1.3.3   Distribution Sites
5.1.3.4   Business Strategies
5.1.3.4.1   Market Developments
5.1.3.4.2   Partnerships and Joint Ventures
5.1.3.5   R&D Analysis
5.1.3.6   Competitive Position
5.1.3.7   Strengths of the Company in the Bio-Isobutene Market
5.1.3.8   Weaknesses of the Company in the Bio-Isobutene Market
5.2   Potential Manufacturers (Manufacturers of Isobutene)
5.2.1   BASF SE
5.2.1.1   Company Overview
5.2.1.2   Product Portfolio
5.2.1.3   Production Sites
5.2.1.4   R&D and Patent Analysis
5.2.1.5   Competitive Position
5.2.1.5.1   Strengths of the Company in the Bio-Isobutene Market
5.2.1.5.2   Weaknesses of the Company in the Bio-Isobutene Market
5.2.2   Exxon Mobil Corporation
5.2.2.1   Company Overview
5.2.2.1.1   Product Portfolio
5.2.2.2   Production Sites
5.2.2.3   R&D and Patent Analysis
5.2.2.4   Competitive Position
5.2.2.5   Strengths of the Company in the Bio-Isobutene Market
5.2.2.6   Weaknesses of the Company in the Bio-Isobutene Market
5.2.3   LanzaTech Inc.
5.2.3.1   Company Overview
5.2.3.1.1   Product Portfolio
5.2.3.2   Production Sites
5.2.3.3   Market Developments
5.2.3.3.1   Partnerships & Joint Ventures
5.2.3.4   R&D and Patent Analysis
5.2.3.5   Competitive Position
5.2.3.6   Strengths of the Company in the Bio-Isobutene Market
5.2.3.7   Weaknesses of the Company in the Bio-Isobutene Market
5.2.4   Songwon Industrial
5.2.4.1   Company Overview
5.2.4.2   Product Portfolio
5.2.4.3   Production Sites
5.2.4.4   R&D Analysis
5.2.4.5   Competitive Position
5.2.4.6   Strengths of the Company in the Bio-Isobutene Market
5.2.4.7   Weaknesses of the Company in the Bio-Isobutene Market
5.2.5   Butamax Advanced Biofuels, LLC
5.2.5.1   Company Overview
5.2.5.2   Product Portfolio
5.2.5.3   Production Sites
5.2.5.4   R&D Analysis
5.2.5.5   Competitive Position
5.2.5.6   Strengths of the Company in the Bio-Isobutene Market
5.2.5.7   Weaknesses of the Company in the Bio-Isobutene Market
5.3   Potential End Users of Bio-Isobutene
5.3.1   Clariant
5.3.1.1   Company Overview
5.3.1.2   Product Portfolio
5.3.1.3   Production Sites
5.3.1.4   Market Developments
5.3.1.4.1   Partnerships and Joint Ventures
5.3.1.5   R&D Analysis
5.3.1.6   Competitive Position
5.3.1.7   Strengths of the Company in the Bio-Isobutene Market
5.3.1.8   Weaknesses of the Company in the Bio-Isobutene Market
5.3.2   Lanxess AG
5.3.2.1   Company Overview
5.3.2.1.1   Product Portfolio
5.3.2.2   Production Sites
5.3.2.3   Market Developments
5.3.2.3.1   Business Expansion
5.3.2.4   R&D Analysis
5.3.2.5   Competitive Position
5.3.2.6   Strengths of the Company in the Bio-Isobutene Market
5.3.2.7   Weaknesses of the Company in the Bio-Isobutene Market
5.3.3   L’Oréal
5.3.3.1   Company Overview
5.3.3.1.1   Product Portfolio
5.3.3.2   Production Sites
5.3.3.3   Market Developments
5.3.3.3.1   Partnership and Collaboration
5.3.3.4   R&D and Patent Analysis
5.3.3.5   Competitive Position
5.3.3.6   Strengths of the Company in the Bio-Isobutene Market
5.3.3.7   Weaknesses of the Company in the Bio-Isobutene Market
5.3.4   Eastman Chemical Company
5.3.4.1   Company Overview
5.3.4.1.1   Product Portfolio
5.3.4.2   Production Sites
5.3.4.3   Competitive Position
5.3.4.4   Strengths of the Company in the Bio-Isobutene Market
5.3.4.5   Weaknesses of the Company in the Bio-Isobutene Market
5.3.5   INEOS
5.3.5.1   Company Overview
5.3.5.1.1   Product Portfolio
5.3.5.2   Production Sites
5.3.5.3   Business Strategies
5.3.5.3.1   Product Developments
5.3.5.4   R&D and Patent Analysis
5.3.5.5   Competitive Position
5.3.5.6   Strengths of the Company in the Bio-Isobutene Market
5.3.5.7   Weaknesses of the Company in the Bio-Isobutene Market
5.3.6   Sinopec Corp
5.3.6.1   Company Overview
5.3.6.1.1   Product Portfolio
5.3.6.2   Production Sites
5.3.6.3   R&D Analysis
5.3.6.4   Competitive Position
5.3.6.5   Strengths of the Company in the Bio-Isobutene Market
5.3.6.6   Weaknesses of the Company in the Bio-Isobutene Market
5.3.7   Dow
5.3.7.1   Company Overview
5.3.7.2   Product Portfolio
5.3.7.3   Production Sites
5.3.7.4   R&D Analysis
5.3.7.5   Competitive Position
5.3.7.6   Strengths of the Company in the Bio-Isobutene Market
5.3.7.7   Weaknesses of the Company in the Bio-Isobutene Market

6.1   Data Sources
6.1.1   Primary Data Sources
6.1.2   Secondary Data Sources
6.1.3   Data Triangulation
6.2   Market Estimation and Forecast
6.2.1   Factors for Data Prediction and Modeling

Table 1:   Global Bio-Isobutene Market Overview, Kilo Tons, 2019 and 2025
Table 2:   List of Key Butyl Rubber Producers Across the Globe, as of 2019
Table 3:   Key Factors Determining “Threat of New Entrants” in Global Bio-Isobutene Market
Table 4:   Key Factors Determining “Bargaining Power of Buyers” in the Global Bio-Isobutene Market
Table 5:   Key Factors Determining “Bargaining Power of Suppliers” in the Global Bio-Isobutene Market
Table 6:   Analyzing the Threat of Substitutes in Global Bio-Isobutene Market
Table 7:   Key Factors Determining “Intensity of Competitive Rivalry” in the Global Bio-Isobutene Market
Table 8:   Demand-Supply Scenario, Tons, 2019-2025
Table 9:   Programs by Research Institutions and Universities
Table 10:   Programs by Research Institutions and Universities
Table 11:   Impact of Business Drivers
Table 12:   Regulatory Landscape, Fuel Standards (by Key Country/Region)
Table 13:   Europe Carbon Dioxide Emission Value, by Major Car Brands as of 2017-18 and 2030
Table 14:   Key Raw Material Prices for Bio-Isobutene, as of Oct 2020
Table 15:   Impact of Business Restraints
Table 16:   List of Labor Wages (by Key Countries)
Table 17:   Comparative Analysis of Isobutene and Bio-Isobutene
Table 18:   Business Expansion (by Company), 2017-2020
Table 19:   Investment and Funding (by Company), 2017-2020
Table 20:   Other Key Activities (by Company), 2017-2020
Table 21:   Mergers and Acquisitions, Partnerships, Collaborations, and Joint Ventures (by Company), 2017-2020
Table 22:   Impact of Business Opportunities
Table 23:   Key Bio-Based Cosmetics Manufacturers
Table 24:   Plant Capacity and Status in Europe, as of October 2020
Table 25:   Global Bio-Isobutene Demand (by End User), Tons, 2019-2025
Table 26:   Global Bio-Isobutene Demand (by End User), $Thousand, 2019-2025
Table 27:   Global Bio-Isobutene Demand (by Product), Tons, 2019-2025
Table 28:   Global Bio-Isobutene Market Demand (by Region), Tons, 2019-2025
Table 29:   Global Bio-Isobutene Market Demand (by Region), $Thousand, 2019-2025
Table 30:   Comparative Analysis of Demand-Supply Scenario, Isobutene vs Bio-Isobutene, as of 2019
Table 31:   North America Bio-Isobutene Demand (by End User), Tons, 2019-2025
Table 32:   North America Bio-Isobutene Demand (by End User), $Thousand, 2019-2025
Table 33:   North America Bio-Isobutene Demand (by Product), Tons, 2019-2025
Table 34:   Europe Bio-Isobutene Demand (by End User), Tons, 2019-2025
Table 35:   Europe Bio-Isobutene Demand (by End User), $Thousand, 2019-2025
Table 36:   Europe Bio-Isobutene Demand (by Product), Tons, 2019-2025
Table 37:   Rest-of-the-World Bio-Isobutene Demand (by End User), Tons, 2019-2025
Table 38:   Rest-of-the-World Bio-Isobutene Demand (by End User), $Thousand, 2019-2025
Table 39:   Rest-of-the-World Bio-Isobutene Demand (by Product), Tons, 2019-2025
Table 40:   Significant Patents Filing in Bio-Isobutene Technology
Table 41:   Significant Patents Filing in Bio-Isobutene Technology

Figure 1:   Global Bio-Isobutene Market Overview, $Million, 2019-2025
Figure 2:   Global Bio-Isobutene Market (by Product), Volume, 2019, 2020, and 2025
Figure 3:   Global Bio-Isobutene Market (by End User)
Figure 4:   Global Bio-Isobutene Market (by Region), Kilo Tons, 2025
Figure 5:   Global Bio-Isobutene Market
Figure 6:   Global Bio-Isobutene Supply Chain
Figure 7:   Porter’s Five Forces Analysis
Figure 8:   Supply and Demand Analysis, Tons
Figure 9:   Business Dynamics for Global Bio-Isobutene Market
Figure 10:   Share of Key Market Strategies and Developments (2016-2020)
Figure 11:   Product Launches (by Company), 2017-2020
Figure 12:   Key Partnerships, Collaborations, and Contracts (by Company), 2016-2020
Figure 13:   Market Share for Butyl Rubber (by Production Capacity), as of October 2019
Figure 14:   Global Bioenergies Expansion Strategy, 2028-2020
Figure 15:   Isobutene Application Range to be Substituted by Bio-Isobutene, as of October 2020
Figure 16:   Global Bio-Isobutene Demand (by End User), Growth Trend, Volume, 2019-2025
Figure 17:   Global Bio-Isobutene Demand (by End User), Growth Trend, Value, 2020-2025
Figure 18:   Pricing Analysis (by End-Use Grade), US$/kg
Figure 19:   Bio-Isobutene Production Process
Figure 20:   Global Bio-Isobutene Demand (by Product), Growth Trend, Volume, 2020-2025
Figure 21:   Global Bio-Isobutene Market Opportunity Matrix (by Product), Tons, 2019-2025
Figure 22:   Global Bio-Isobutene Market Opportunity Matrix (by Product), Tons, 2019-2025
Figure 23:   Global Bio-Isobutene Market Opportunity Matrix (by Region), Tons, 2019-2025
Figure 24:   Pricing Analysis (by End-Use Grade), US$/kg
Figure 25:   Adoption Rate for Bio-Isobutene, by 2025 (by End User), By Volume Share
Figure 26:   Adoption Rate for Bio-Isobutene (by End User), Volume Share, by 2025
Figure 27:   Pricing Analysis (by End-Use Grade), US$/kg
Figure 28:   Adoption Rate for Bio-Isobutene (by End User), Volume Share, by 2025
Figure 29:   Adoption Rate for Bio-Isobutene (by End User), Volume Share, by 2025
Figure 30:   R&D Index, by Country
Figure 31:   Adoption Rate for Bio-Isobutene (by End User), Volume Share, by 2025
Figure 32:   Bio-Isobutene Production, Asia-Pacific vs Rest-of-the-World
Figure 33:   Adoption Rate for Bio-Isobutene, by 2025 (by End User), Volume Share
Figure 34:   Pricing Analysis (by End-Use Grade), US$/kg
Figure 35:   Gevo, Inc.: Product Portfolio
Figure 36:   Global Bioenergies: Product Portfolio
Figure 37:   BASF SE: Product Portfolio
Figure 38:   R&D Expenditure
Figure 39:   Clariant: Product Portfolio
Figure 40:   Dow: Product Portfolio
Figure 41:   Data Triangulation
Figure 42:   Top-Down and Bottom-Up Approach
Figure 43:   Assumptions and Limitations

Report Description

Market Report Coverage - Bio-isobutene
Base Year	2019	Market Size in 2019	$4.1 Million
Forecast Period	2020-2025	Value Estimation by 2025	$1.0 Billion
CAGR During Forecast Period	150.30%	Number of Tables	41
Number of Pages	146	Number of Figures	43
Research Hours	280
Market Segmentation	• End-User Application • Product
Regional Segmentation	• North America – U.S., Canada, and Mexico • Europe – Germany, France, and Rest-of-Europe • Rest-of-the-World (Asia-Pacific, Middle East and Africa, and South America)
Growth Drivers	• Stringent Government Regulation and Support for Sustainable Development • Evolution in Major End-User Industries in Europe: Automotive Sector • Competitive Raw Material Cost • Shifting Fuel Standards in Aerospace Industry
Market Challenges	• Requirement of Highly Skilled Labor • Technical Knowhow Barrier and Cost • Highly Consolidated Market
Market Opportunities	• Target Bio-Based Cosmetic Industry • Targeting Europe Market • Collaboration With End-Use Industry • Impact of COVID-19: Need to Scale up
Key Companies Profiled	Gevo, Inc., Global Bioenergies, Butagaz, BASF SE, ExxonMobil, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, Clariant, Lanxess AG, L’Oréal, Eastman Chemical Company, INEOS, Sinopec Corp, and Dow

Key Questions Answered in this Report:

•   Why are is bio-isobutene is required in the market? How is the global bio-isobutene market is expected to evolve over the years?
•   Which type of bio-isobutene is anticipated to dominate the market in the next five years?
•   What is are the driving and restraining factors affecting the bio-isobutene market demand?
•   How are the future trends expected to impact the bio-isobutene market in the coming years?
•   What are the opportunities for the players across the bio-isobutene value chain?
•   How is the demand for bio-isobutene market is expected to change with the stringent regulatory landscape?
•   What are the are the end-user applications, driving the demand for bio-isobutene?
•   Which region is expected to be the major consumer of the bio-isobutene during the forecast period?
•   Which region is expected to emerge as a potential revenue-generating pocket during the forecast period 2020-2025?
•   What are the business strategies adopted by major players in the bio-isobutene value chain?
•   Which end-user industry is expected to dominate the bio-isobutene market by 2025?
•   How are the prices of products expected to behave in the next five years, and what are is their impact on the bio-isobutene market?
•   How is COVID-19 is expected to impact the bio-isobutene business, globally?
•   Which key organizations are involved in the research and development for bio-isobutene product development?
•   How is the demand-supply curve for the bio-isobutene is expected to shift over the years (2019-2025)?
•   What are customer attributes across various countries for the product adoption?

Market Overview

The global bio-isobutene market growth is mainly attributed to the increased demand for bio-based and green products in multiple application areas such as transportation (aerospace and defense, and automotive), rubber, plastic, personal care and cosmetics, lubricant, and solvent industries. Specialty fuel and polymer grade bio-isobutene have promising and emerging markets with high margins, predominantly in Europe and North America.

The global bio-isobutene market was at a pre-commercial stage in 2019 and accounted for $4.1 million. The market is expected to garner significant revenue of around $1.0 billion by 2025, growing at a whopping CAGR of 150.30% during the forecast period, 2020-2025. Bio-isobutene is expected to bring reliability as well as environmental and socio-economic sustainability in the global chemical value chain. The increased consumption of bio-based fuels, primarily in the transportation industry (aerospace and defense), is predicted to propel the market. However, the exorbitant prices of all grades of isobutene are expected to hinder the market in the short run.

COVID-19 pandemic has impacted the market and caused unprecedented devastation to various sectors, including the manufacturing industry in recent times. The crisis is expected to have intense socio-economic consequences across the globe. As a result, most of the countries are moving toward a new climate and nature-friendly economy model, i.e., circular bioeconomy. This, in turn, is expected to positively impact the global bio-isobutene market.

Competitive Landscape

Currently, the applications of bio-isobutene are majorly limited to fuel and cosmetic and personal care ingredients. However, with the commercialization of the product by 2022, the capabilities of bio-isobutene are expected to gain momentum. Despite the bio-isobutene market currently being highly consolidated, potential new players are expected to enter the value chain by 2025.

Business expansions, partnerships, and collaborations are some of the business strategies executed in the bio-isobutene market. Several companies, including Gevo, Inc., Global Bioenergies, Butagaz, BASF SE, ExxonMobil, LanzaTech Inc., Songwon Industrial, Butamax Advanced Biofuels, LLC, Clariant, Lanxess AG, L’Oréal, Eastman Chemical Company, INEOS, Sinopec Corp, and Dow are anticipated to emerge as significant players in the global bio-isobutene value chain.