Product Code: RP-ID-10064534 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Energy & Power |
Report ID: 10064534
Market Overview:
Global Bio-alcohols Market
Description
An alcohol is an organic compound with one or more hydroxyl groups (entitiescontaining Oxygen-Hydrogen bonds). Ethanol (found in alcoholic beverages), methanol (found in methylated spirit), and propanol are some of the commonly known alcohols. Historically, alcohols have been used majorly as fuels. Methanol, Ethanol, Propanol, and Butanol are the alcohols that have been of great interest to industrialists, because of their ability to be synthesized chemically &biologically, and characteristics that allow them to be used in internal combustion engines. Due to rising environmental concerns,oil price spikes,and concerns over greenhousegas emissions from fossil fuels, bio-alcohol fuels are predominantly being used as an alternative to power machines and vehicles, sincethey are cleaner to burn and are derived from renewable energy sources.The most common biologically produced alcohol is Bio-ethanol, produced by the action of enzymes and microorganisms through the fermentation of starches, sugars, or cellulose. Bio-butanol, another biofuel, is often claimed to provide a direct replacement for gasoline, as it can be used directly in a gasoline engine.
End-user/Technology
The petrochemical industry is the one of the major users of bio-alcohol, using them as additives to petrol/gasoline, thus helping in conserving fuels.Bio-ethanol is the principle fuel being used to power vehicles and machinery.It is also used for manufacture of cosmetics, pharmaceuticals, production of alcoholic beverages, fabricating and operating farm machinery and manufacturing fertilizers.
Market Dynamics
The bio-alcohol market is getting bigger with each passing day. Bio-alcohols have high power potential making them a great feasible class of fuels to be used at large scales.Industries are regarding bio-ethanol as a renewable and sustainable new energy source, and it has already become an important fuel blender. An acute shortage of fossil fuels and the ever-growing pollution is what's driving the global bio-alcohol market.
Market Segmentation
In terms of type, the market is segmented into bio-methanol, bio-ethanol, bio butanol, bio-BDO and others. In terms of application, this market serves industries ranging from medical to transportation and infrastructure.
Regional/Geographic Analysis
Europe has been the leading consumer of bio-alcohols, followed by North America and APAC. The production of bio-alcohols market will shift towards China owing to the easy availability of raw materials and significant investment in the country by major players in the market such as BASF.
Opportunities
The shifting focus towards eco-friendly products, organic alternatives, and technological advancements are offering numerous opportunities in the bio-alcohols market. Rising crude oil prices, demand from the automobile industry, and stringent government regulations are driving and opening up new doors for the bio-alcohols market.
The only disadvantage to be aware of when considering bio-alcohol as an alternative fuel would be the fact that one needs large amounts of fossil fuels to raise the crops bio-alcohols come from. However, considering the benefits of reduced carbon emissions by bio-alcohols, companies are already experimenting with ways to make it more profitable.
Key Players
Some of the major players in the market include BASF, BioAmber, Braskem, Cargill, Cobalt, CoolPlanetBiofuels and DSM.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
Related Reports
Proof of Quality & Reliability
