Bio-Alcohols market is expected to grow at faster pace owing to increase in scarcity of non-renewable resources and fluctuating prices of crude oil. . Bio-alcohols are sustainable chemicals extracted from fermentation of cellulose or sugar. 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.
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Manufacturer of Bio-alcohol are using feedstock such as biomass to produce bio-alcohols. Bio-alcohol is eco-friendly, renewable and helps in reducing carbon footprint as compared to conventional fuels. 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 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 2016-2022
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.
Key players of the global high 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.
Geographically, Europe being largest consumer of bio-alcohols followed by US. These is attributed 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 witnessed 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 market in South America.
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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.
Study Objectives of Bio-Alcohol Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Bio-Alcohol Market
- To understand the supply and demand dynamics including supply and consumption concentration mapping
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide competitor positioning of the market
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
- Bio-Alcohol manufacturers
- Traders and distributors of Bio-Alcohol
- Type industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
The report about Global Bio-Alcohol Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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