Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Bio-Alcohol Market, 2022.

Bio-Alcohol Market is growing with high pace and is expected to reach 110 Billion by 2022 with CAGR of 8.8% between by 2018 to 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 eco-friendly, renewable and helps in reducing carbon footprint as compared to conventional fuels. Bio-alcohols are sustainable chemicals extracted from fermentation of cellulose or sugar.

Bio-Alcohol is used as an advanced fuel in engines and other systems because it increases the performance and efficiency. The types of the product such as bioethanol, bio alcohol, bio butanol is used in heavy end-use industries that offer cost-effective nature and ease of application to the product. Bio alcohol are used in transportation, medical, pharmaceutical, cosmetics, pharmaceutical, aviation and automotive sectors to provide high performance operating systems.

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Bio-Alcohol Market Key Players:

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, INEOS (Switzerland), Crop Energies AG (Germany), POET, LLC (U.S.), BP Biofuels Advanced Technology Inc. (U.S.), Cargill, Incorporated (U.S.), DowDuPont (U.S.), Abengoa Bioenergy, S.A (U.S.), Cool Plant Energy Systems (U.S.), Myriant Corporation (U.S.), Mascoma LLC (U.S.), and Mitsubishi Chemical Corporation (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global bio alcohol market.

Bio-Alcohol Market Regional Analysis:

Geographically, Europe being largest consumer of bio-alcohols followed by US 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 witness 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 marketing South America.

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