According to the recent report by IMARC Group, titled “Bio-Alcohols Market Share : Global Industry Trends, Size, Growth, Opportunity and Forecast 2020-2025,” the global bio-alcohols market size grew at a CAGR of about 7% during 2014-2019 and expects the market to continue its moderate growth during the next five years.
Bio-alcohol is an eco-friendly chemical derived from the fermentation of sugars, starches or cellulose. It is primarily used to reduce greenhouse gases and fossil fuel consumption. At present, it is extensively employed in the production of perfumes, textiles, paint, glues, and diluents across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Bio-Alcohols Market Trends
Bio-alcohols are gaining traction worldwide due to depleting non-renewable resources and the increasing gap between fuel supply and demand. This can be accredited to the inflating income levels and improving standards of living, which have increased the sales of automobiles, in turn, creating a high strain on the environment. Moreover, growing environmental concerns have augmented the demand for biofuels as they offer higher-octane fuel and leave a smaller carbon footprint in comparison to crude oil-based fuels. Apart from this, the COVID-19 pandemic has fueled the demand for hand sanitizers and disinfectants. As a result, several companies have started the production of bioethanol-based hand sanitizers to meet the global demand. For instance, BASF in the United States and Verbio in Germany have begun the production of bioethanol-based hand sanitizers and disinfectants. Furthermore, bio-alcohols find applications in diverse industries like pharmaceuticals, cosmetics, and alcoholic beverages.
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Global Bio-Alcohols Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
BASF SE, Braskem (Odebrecht S.A.), Cargill Incorporated, E.I. Du Pont De Nemours & Co., Fulcrum BioEnergy Inc., Genomatica Inc., Harvest Power Inc., Koninklijke DSM N.V., Mascoma LLC (Lallemand Inc.), Mitsubishi Chemical Corporation, PTT Global Chemical Public Company Limited and Valero Energy Corporation.
The report has segmented the market on the basis on region, product type, raw material and application.
Breakup by Product Type:
Bio-Methanol
Bio-Ethanol
Bio-Butanol
Bio-BDO
Others
Breakup by Raw Material:
Grains
Sugarcane
Industrial Beets
Biowaste
Others
Breakup by Application:
Transportation
Construction
Medical
Power Generation
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom,Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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