The Global Bio-alcohols Market has been estimated at USD XX.XX billion in 2015 and is projected to reach USD XX.XX billion by 2020, at a CAGR of XX.XX% during the forecast period. Bio-alcohols are made from bio- based raw materials such as sugar cane, wheat, molasses, corn, and any other sugar or starch. Bioethanol is the most widely used biofuel globally especially in Brazil as the sugar industry in the country is growing at rapid pace in the coming years.
Bio-alcohols can be used for various applications such as transportation, construction, electronics, pharmaceutical, and others. Transportation is the major application in the Bio-alcohols market, accounting for a share of XX.XX % in 2015.and also the fastest growing segment, growing at a CAGR of XX.XX% in 2015. The market has is also segmented based on the type of product into: Bio-methanol, bio-ethanol, bio-butanol, bio-BDO, and Others. The Bio-ethanol segment accounts for a major share of the market accounting for XX.XX% in 2015, growing at CAGR of XX.XX%.
The market is driven by rising crude oil prices, demand from automobile industry, and stringent government regulations. However, this market faces certain drawbacks such as shortage of raw material and the huge competition form fossil-fuel products.
Europe is the leading consumer of Bio-alcohols in 2015 accounting for a share of XX%, 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.
Furthermore, the shifting focus towards organic alternatives and shifting focus towards eco-friendly products and technological advancements will offer numerous opportunities in the growth of the Bio Alcohols market. Some of the major companies dominating the market with its products, and continuous product developments are DSM, Cargill, Braskem, BASF, Cobalt, CoolPlanetBiofuels, and BioAmber.
Key Deliverables in the Study
Market analysis for the Global Bio-alcohols Market , with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global Bio-alcohols market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped