Bio-Alcohols Market Insight, Size, Revenue, Growth Opportunities, Competitive Analysis, Trends and Demand by 2026
According to the recent report by IMARC Group, titled “Bio-Alcohols Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global bio-alcohols market 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-alcohol is a sustainable, economical, biodegradable, and renewable alternative to conventional fuels. As a result, it finds application in the production of biofuels worldwide. Besides this, there is a considerable rise in the demand for bio-alcohols to manufacture organic cosmetic products and pharmaceuticals, which is acting as another growth-inducing factor. Furthermore, the coronavirus disease (COVID-19) outbreak has resulted in the increasing utilization of disinfectants and hand sanitizers, which comprise bio-alcohol, for preventing the spread of the pandemic. Moreover, various initiatives undertaken by governing agencies of different countries to encourage the practice of sanitizing hands at regular intervals are projected to stimulate the market growth.
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Global Bio-Alcohols Market 2020-2025 Analysis and Segmentation:
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
Breakup by Raw Material:
- Industrial Beets
Breakup by Application:
- Power Generation
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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