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Bio Alcohol Market – Industry Growth, Trends, Share and Demand Forecast to 2023
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Bio alcohol production process property to reduce the carbon footprint is becoming an opportunity for the bio alcohol market to grow at a considerable rate in the coming years.
The bio alcohol market can be categorized on the basis of type as bio butanol, bio BDO, bio ethanol and bio methanol. On the basis of applications, the bio alcohol market can be further categorized as infrastructure, transportation and medical. Transportation industry leads the bio alcohols market in 2014.
Germany has been the largest consumer and producer of bio alcohols in 2014. One of the major factors for the growth of bio alcohols market in Germany is the severe government regulations regarding sustainable and greener environment.
U.S. held the second position in the bio alcohols market in 2014. The U.S. government took numerous initiatives for shifting the production of bio based chemicals. Government supports and funds the bio based chemicals manufacturers, such as the biorefinery assistance program conducted in the U.S. states.
Read summary of market report here : https://www.psmarketresearch.com/market-analysis/bio-alcohol-market
Some of the competitors in the bio alcohols market are Genomatica Inc., BASF SE, Fulcrum Bioenergy Inc, Cool Planet Energy Systems, EI du Pont de Nemours & Co, Myriant Corporation, Mascoma LLC, Harvest Power, Inc., and Mitsubishi Chemical Corporation.
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