Bio-Alcohol Market Key Players Futuristic Introduction of Novelty View Demand Trends Industry and Competitive Analysis and Forecast To 2022

Bio-Alcohol Market / Introduction:

The strategic and competitive market of bio-alcohol is growing with high pace and is expected to reach 110 billion by 2022 with CAGR of 8.8% between 2018-2022.

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 ecofriendly, 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.

The major environmental problem is emission of carbon-di-oxide and greenhouse effect. With such problems, the need for bio-alcohol is growing with uses of its various types such as bio-ethanol, bio-butanol, bio-methanol across industries. Bio-alcohol is growing demand in transportation industry as it is alternative to gasoline. Bio-ethanol is leading segment owing to less atmospheric reactivity and is highly 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 witnessed lucrative growth owing to less compatibility with existing automobile engines.

Market Highlights:

Bio-alcohol is manufactured from feedstock such as biomass including organic waste. It is organic chemical with essential properties through fermentation of cellulose or sugar. With technological advancement in bio-based chemicals, cellulosic biomass has increased their usage in industries which is also expected to support the demand of bio-alcohol market. Bio- alcohol market is growing owing to rise in need of conventional fuels in transportation and power generation industries which is due to scarcity of non-renewable resources. The pressure on automobile and power generation companies to reduce carbon foot print and greenhouse effect is driving the focus on bio-alcohols as alternative to gasoline.

Bio-Alcohols has various advantages like ecofriendly, 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.

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Regional Analysis:

Europe and North America dominate the market segment. Germany and U.S being largest producer of automobile industry is shifting its focus to bio-alcohol owing to severe government regulations in developing bio-based chemicals and reduce greenhouse effect.

U.S is also largest consumer and producer of bio-alcohols. U.S government is also taking beneficial initiatives for shifting the industries demand for bio-alcohols or bio-based chemicals over non-renewable resources such as loan guarantees to those manufacturers which are using high performance bio-based chemicals. Developing countries like china, India and Japan are steadily growing owing to lenient regulations of government. Existing manufacturers are shifting to eco-friendly products like bio-alcohol. Many countries are growing infrastructure facility over the use of bio-based chemicals to run their daily activities.

Bio-alcohol Market 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 Biofuels LLC,
Red Rock BioFuels LLC.

Competitive Analysis:

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 2018.

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.

Segmentation:

The global 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.

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