Bio-Alcohols Market Showing Impressive Growth During Forecast Period 2014-2022

According to a new report published by Allied Market Research titled, "Bio-Alcohols: Global Opportunity Analysis and Industry Forecast, 2014-2022," the global bio-alcohols market was valued at $6,404 million in 2015, and is expected to reach $11,574 million by 2022, growing at a CAGR of 8.6%. Bioethanol is the largest segment by type and is expected to grow at a CAGR of 7.6% during the forecast period, in terms of revenue.

The dynamics section of the report provides comprehensive insights into the factors that have both positive and negative effects on the sector. This section includes key segments such as major investment opportunities, the positioning of leading players, drivers, constraints, challenges, and opportunities. In addition, the report examines parent and peer marketing forces to understand the impact of both internal and external factors on the industry.

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Factors that drive the growth of the bio-alcohols market are, the demand for greener fuel coupled with providing long-term energy security to supply energy in line with economic developments and sustainable environmental needs. Volatility in crude oil prices is also expected to provide significant growth opportunities to the bio-alcohol industry players.

However, factors such as utilization of food grains as feedstock and compatibility of biofuels with automotive frameworks may hamper the market growth during the forecast period.

Market dynamics

The growth of the bio-alcohol market is primarily driven by the increasing demand for long-term energy security, particularly from emerging nations, as well as the environmentally friendly characteristics of bio-alcohols. However, the use of food grains as feedstock may hinder market growth in the future, driven by population growth. Additionally, fluctuating crude oil prices present a significant trend that is expected to open up new opportunities in the bio-alcohols sector.

Major industry players profiled in the study

BASF SE
BioAmber Inc.
BP Biofuels
Cargill Inc.
Cool Planet Energy Systems Inc.
Fulcrum BioEnergy Inc.
Genomatica Inc.
Harvest Power Inc.
Mitsubishi Chemical Corporation
Myriant Corporation
Raizen S.A.
Valero Energy Corporation

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Regional insights

The bio-alcohols market in the Asia-Pacific region experienced growth driven by factors such as the expansion of the automotive industry, rising energy demand, and steady economic progress. Emerging markets like China, Thailand, and India witnessed the greatest increase in demand for sustainable bio-alcohols. The need for biofuels remained strong across the developing economies of the region. India, for example, had the infrastructure in place to produce over 4,000 million liters of bioethanol from molasses. However, challenges like insufficient supply and low ethanol purchase prices continued to hinder the successful achievement of blending targets.

Notable trends in the industry

Between 2014 and 2022, the increasing focus on sustainable and eco-friendly alternatives to traditional fuels fueled the demand for bio-alcohols, especially in the transportation and energy sectors.

Governments worldwide introduced supportive policies and incentives to promote the use of biofuels, contributing to market expansion.

Technological advancements also played a vital role, with innovations in production processes improving efficiency and cost-effectiveness.

During this period, the industry saw a rise in investments toward developing advanced biofuels, such as bioethanol and biobutanol, from non-food feedstocks to mitigate concerns regarding food security.

The automotive sector, particularly in emerging markets like Asia-Pacific, showed growing adoption of bio-alcohol-based fuels, which further boosted market growth.

To conclude, the AMR report on the global bio-alcohol industry provides essential, practical insights into the key factors driving growth and potential investment opportunities. Furthermore, the report's analysis equips businesses and stakeholders with a deeper understanding of the market's evolving dynamics, enabling them to formulate effective strategies for success.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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