Global Bio-Alcohol Market Information-by Type (Bioethanol, Biomethanol, Biobutanol, And BDO), by Application (Infrastructure, Transportation, Medical, Power Generation, Others) and by Region - Forecast to 2022
— Bio-Alcohol Market Overview:
The global bio-alcohol market could achieve a high growth pace of 8.8% during the forecast period (2018-2022), reports Market Research Future (MRFR). It is expected to reach the valuation of USD 110 Bn by 2022, backed by rising scarcity of non-renewable resources as well as fluctuating prices of crude oil.
Bio-Alcohol Market Drivers and Key Barriers:
An increasing pressure to strike a balance between consumption and fuel supply has been noted around the world. With the rising rate of consumption, the strain on the environment is growing, which gives rise to extraction and exploration rates of crude oil. Surge in carbon emissions hinders the desire to sustain a healthy life as well as a balanced ecosystem.
Bio-alcohol comes into the picture backed by a host of benefits, especially when compared to conventional fuels. This factor is creating accelerated demand for the product in the market. Similar to various bio-based fuels, bio alcohol’s high demand comes from the fact that it is renewable and doesn’t leave much carbon footprint compared to crude-oil-based fuels.
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Bio-Alcohol Market Key Players:
• Mitsubishi Chemical Corporation (Japan)
• Cool Plant Energy Systems (U.S.)
• DowDuPont (U.S.)
• POET, LLC (U.S.)
• Cargill, Incorporated (U.S.)
• INEOS (Switzerland)
• BP Biofuels Advanced Technology Inc. (U.S.)
• Mascoma LLC (U.S.)
• Myriant Corporation (U.S.)
• CropEnergies AG (Germany)
• Abengoa Bioenergy S.A (U.S.)
are some of the esteemed players enlisted by MRFR as the frontrunners in the worldwide bio alcohol market.
Bio-Alcohol Market Segments Analysis:
The bio-alcohol market is segmented on the basis of type and application.
The types of bio-alcohol are Bioethanol, Bio-Methanol, Biobutanol, And BDO.
Application-wise, the market has been considered for infrastructure, transportation, medical, power generation and others.
Bio alcohol Market Regional Analysis:
From a regional perspective, Asia Pacific, North America, Middle East and Africa and Europe are the key markets for bio-alcohol.
North America seizes the biggest share of the worldwide bio alcohol market. The United States (U.S.) leads the regional market backed by the rising adoption of biofuels in external combustion engines as well as power generation systems. Surge in consumption of bio-alcohol in alcoholic beverages, transportation, pharmaceutical and cosmetics industries has raised the product demand in Mexico and Canada.
Asia Pacific bio-alcohols market’s high growth pace from 2018-2022 is the result of the vigorously expanding transportation sector. Transportation sector is predicted to be the largest market, with context to revenue on account of the increasing use of bio-based fuels. China is evaluated to be the highest gaining market in the region, backed by the rising demand in the automotive industry. Stringent national regulations with regard to fuel consumption as well as CO2 emission from the transportation sector stimulates market growth in the region.
Bio-Alcohol Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Bio-Alcohol Market
6 Market Trends
7 Global Bio-Alcohol Market by Region
8 Global Bio-Alcohol Market by Types (Bioethanol, Bio-Methanol, Biobutanol, And BDO)
9 Global Bio-Alcohol Market by Application (Infrastructure, Transportation, Medical, Power Generation, Others)
10 Company Profiles
Bio-Alcohol Market Table of Content to be Continue………,
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Name: Abhishek Sawant
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Organization: Market Research Future
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