The global demand for Bio-Alcohols Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Bio-alcohols are organic chemicals with significant functional characteristics that are obtained using biomass. They are volatile, flammable, and have low viscosity and toxicity with a high energy density. Even though some bio-alcohols are available in the market, bioethanol is gaining traction due to a clean, renewable source of energy. It is manufactured using the fermentation process of microorganisms and enzymes with starch, sugar, or cellulose. Bio-alcohols are currently utilized to manufacture textiles, paints, tarnishes, glues, diluents, and perfumes worldwide.
Biomass is a biodegradable, sustainable, economic, and renewable resource that offers various environmental benefits. In confluence with the growing environmental consciousness, this results in the increasing utilization of bio-alcohols in the production of biofuels. Moreover, several key players are using bio-alcohols for manufacturing cosmetics and pharmaceutical products due to the rising trend of organic and natural products. Besides this, rapid urbanization in developing regions, increasing crude oil prices, stringent emission regulations forced by the various governments, and escalating energy consumption are other factors fuelling the market growth. Further, rising disposable incomes and the flourishing automotive industry positively impact sports cars' sales, supporting market growth. In addition to this, due to the sudden outbreak of COVID-19, governments of several countries and international organizations, for instance, World Health Organization (WHO), are promoting hand sanitization practices, which has resulted in the rising demand for hand sanitizers. These sanitizers have notable percentages of bioethanol, which is impelling the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of bio-alcohols.
The entire bio-alcohols market has been sub-categorized into product type, raw material and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
By Raw Material
- Industrial Beets
- Power Generation
This section covers regional segmentation which accentuates on current and future demand for bio-alcohols market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Bio-Alcohols Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the bio-alcohols market include BASF SE, Braskem (Odebrecht S.A.), Cargill Incorporated, E.I. Du Pont De Nemours & Co., Fulcrum BioEnergy Inc., Genomatica Inc., Harvest Power Inc., Koninklijke DSM N.V., Mascoma LLC (Lallemand Inc.), Mitsubishi Chemical Corporation, PTT Global Chemical Public Company Limited, Valero Energy Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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