Bio Alcohols are the alcohols produced from biological resources or biomass. They can be used as a fuel additive in existing internal combustion engines. The advantages of bio alcohol over conventional fuels are boosting the growth of the bio alcohol market. The development of advanced technology and the increasing use of bio-mass in various industries are driving the growth of the market.
MARKET DYNAMICS
Rising adoption of bio alcohol owing to increasing crude oil prices, growing concern over greenhouse gas emissions, and the need for an alternative renewable source of energy. Additionally, it is also used as fuel in energy and power generation, transportation sectors, which drive the growth of the bio alcohol market. The bio alcohol will help control the greenhouse effect, reducing the carbon footprint that drives the growth of the market. An increasing scarcity of non-renewable energy resources and continuously raising the price of crude oil are expected to drive the growth of the bio alcohol market.
MARKET SCOPE
The "Global Bio Alcohol Market Analysis to 2028" is a specialized and in-depth study of the bio alcohol industry with a special focus on the global market trend analysis. The report aims to provide an overview bio alcohol market with detailed market segmentation by type, application, raw material, and geography. The global bio alcohol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bio alcohol market players and offers key trends and opportunities in the bio alcohol market.
MARKET SEGMENTATION
The global bio alcohol market is segmented on the basis of type, application, and raw material. On the basis of type the market is segmented as biobutanol, bioethanol, biomethanol, butanediol. On the basis of application the market is segmented as medical, power generation, transportation, others. On the basis of raw material the market is segmented as bio-waste, grains, sugarcane, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bio alcohol market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio alcohol market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting bio alcohol market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the bio alcohol market in these regions.
MARKET PLAYERS
The reports cover key developments in the bio alcohol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bio alcohol market are anticipated to lucrative growth opportunities in the future with the rising demand for bio alcohol in the global market. Below mentioned is the list of few companies engaged in the bio alcohol market.
The report also includes the profiles of key bio alcohol companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BASF SE
- BioAmber Inc.
- BP Biofuels
- Cargill Inc.
- Cool Planet Energy Systems Inc.
- E.I. du Pont de Nemours & Co.
- Genomatica Inc.
- Mitsubishi Chemical Corporation
- Myriant Corporation
- Raizen S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.