Press release
Bio Alcohol Market Manufacture Industry Key Players: BASF SE, Fulcrum Bioenergy Inc, Cool Planet Energy Solutions, E.I. du Pont de Nemours & Co., Harvest Power, Inc., Mitsubishi Chemical Corporation, Myriant Corporation, Mascoma LLC, Butamax Advanced Biof
Bio Alcohol Market Abstract:
Bio Alcohol Market is growing with high pace and is expected to reach 110 billion by 2022 with CAGR of 8.8% between by 2016 to 2022.
Bio Alcohol is used as an advanced fuel in engines and other systems because it increases the performance and efficiency. The types of the product such as bioethanol, bio alcohol, bio butanol are used in heavy end-use industries that offer cost-effective nature and ease of application to the product. Bio alcohol are used in transportation, medical, pharmaceutical, cosmetics, pharmaceutical, aviation and automotive sectors to provide high performance operating systems.
Bio Alcohol Market is growing with the rapid pace; mainly due to the expanding transportation sector. According to a recent study report published by the Market Research Future, the global market of bio alcohol is prospering and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2022).
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Bio Alcohol Market Opportunities:
Bio Alcohols Market is expected to grow at a faster pace owing to increase in scarcity of non-renewable resources and fluctuating prices of crude oil. Growing need of vehicles with increase in population has driven the demand for Bio-fuels in emerging economies along with opening opportunities for bio-alcohol market. Bio-alcohol is eco-friendly, renewable and helps in reducing carbon footprint as compared to conventional fuels. Bio-alcohols are sustainable chemicals extracted from fermentation of cellulose or sugar. Manufacturer of Bio-alcohol are using feedstock such as biomass to produce bio-alcohols. With development of advanced technology, cellulosic biomass is increasing it usage in industries which is expected to support the growth of bio-alcohol market. In order to accelerate the growth of bio-alcohol market, these technologies need to be made available across the globe.
Bio Alcohols has various advantages like eco-friendly, easily producible, renewable etc. which makes it viable to use in various industries across the globe. According to types, bio-alcohol is segmented into bioethanol, bio methanol, biobutanol, and BDO. Out of all, Bio-ethanol is leading segment. Ethanol gases is less atmospheric reactive and reduced oxidized formulation. These leads to extensive use of bio-ethanol in automobile industry. It also offers high octane fuel alternative for gasoline which is also used in another industry like power generation. Rising need of fossil fuels over conventional fuels are creating steady growth demand of bio-alcohols across the globe.
Bio Alcohol Market is proving to be an impeccable solution to some of the major environmental concerns such as emission of Carbon-di-oxide and greenhouse effect. In addition to this the demand for bio-alcohol is growing with the uses of its various types such as bio-ethanol, bio-butanol and bio methanol across industries. Bio-alcohol has an increased demand even in transportation industry as an alternative to gasoline. Bio-ethanol is a leading segment owing to its less atmospheric reactivity and being a high octane fuel alternative to gasoline. Reducing oxidation formulations, bioethanol is highly preferable in power generation industry. Bio-methanol is second leading segment owing to growth in production of bio-methanol from waste or biomass. Bio-methanol remains unchanged during composition in petrol. Thus, it is highly preferable in applications like trucks, buses, medical industry etc. Furthermore, Bio-butanol segment is expected to witness a lucrative growth owing to its compatibility with the existing automobile engines.
Bio Alcohol Market Key Players:
Bio Alcohol Market are: BASF SE, Fulcrum Bioenergy Inc, Cool Planet Energy Solutions, E.I. du Pont de Nemours & Co., Harvest Power, Inc., Mitsubishi Chemical Corporation, Myriant Corporation, Mascoma LLC, Butamax Advanced Biofuels LLC, Red Rock BioFuels LLC and others.
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Bio Alcohol Market Regional Analysis:
Geographically, Europe being largest consumer of bio-alcohols followed by US owing to stringent regulations by government regarding carbon emission and sustainable greener environment. Automobile industries in Germany and U.S are highly focusing on bio-based fuels to increase the fuel efficiency. Thus, low supply of raw materials is hampering the bio-alcohol market growth.
U.S held second position owing to government regulations in supporting loan guarantees to those manufacturers that are using high performance bio-based chemicals for production. Other developing regions like China and India are expected to witness a stable growth owing to lenient regulations in using non-conventional resources. Increase in use of bio-ethanol to sustain rapid industrialization is driving the marketing South America.
Bio Alcohol Market Competitive Insights:
BASF SE, Fulcrum Bioenergy Inc, Cool Planet Energy Solutions, E.I. du Pont de Nemours & Co., Harvest Power, Inc. has dominated the global Bio-Alcohol market share in 2016.
Fluctuating prices of crude oil and rising energy prices have challenged many manufacturers to tackle with suitable cost-pricing policies. Low purchasing cost of ethanol and inadequate supply is constraint to achieve blending targets for many players. The key players are expected to exert pressure on exports especially in Middle East countries to increase the supply of bio-based chemicals.
Bio Alcohol Market Application Insights:
Bio Alcohol Market followed by power generation. Increasing carbon emission has led to increase in bio-alcohols in order to sustain healthy life and balanced ecosystem. Bio-alcohol is growing demand in transportation industry as it is alternative to gasoline. Reducing oxidation formulations, bioethanol is highly preferable in power generation industry. However, use of bio-fuels to reduce pollution is driving the demand of bio-alcohols in transportation industry.
Bio Alcohol Market Competitive Analysis:
Bio Alcohol Market appears to be competitive with the presence of several large and small players operating in the global market. These major players are competing in the market on the basis of price, raw material type, quality, technology and innovation. Bio alcohol market is attributed to grow at a higher growth and likely to attract many newcomers in the market resulting in to strong competition in the future. Manufacturers operating in the bio alcohol market are striving to respond to the growing demand for the product in pharmaceuticals, cosmetics, automotive, and others. They ensure to produce best quality products based on feedstock, efficiency, performance and factors that are trending in the market.
Bio Alcohol Market Segmentation:
Bio Alcohol Market is majorly segmented on the basis of types and application. Based on type of bio-alcohol the market is segmented into bioethanol, bio-methanol, biobutanol and BDO. Based on application of bio-alcohol the market is segmented into infrastructure, transportation, medical, power generation, others.
Bio Alcohol Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Bio-Alcohol Market
5 Industry Overview of Global Bio-Alcohol Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
Bio Alcohol Market Table of Content to be Continue…….,
Complete List of Tables and Figures @ https://www.marketresearchfuture.com/reports/bio-alcohol-market-963
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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