Global Bio Alcohol Market - Industry Insights and Forecast 2015-2019 is a new market research publication announced by Reportstack.
Market Definition and Growth of the Bio Alcohol Market:
Bio alcohols are sustainable organic chemicals that possess important physiological properties through the fermentation of sugar or cellulose. Bio-alcohols are environment-friendly and mainly used in transportation as an alternative to gasoline.
The growing scarcity of non-renewable resources is a key driver of this market. Bio-based chemicals are increasingly replacing petroleum-based products owing to a rise in crude oil prices. In addition, reduced carbon footprint of the bio-alcohol production process is expected to help the Bio-alcohol Market grow at a CAGR of 9% during the forecast period.
Currently, bio-alcohols are produced from feedstock such as biomass that majorly include organic wastes. However, with the advancement in technology the usage of cellulosic biomass will give more impetus to the growth of this market. These are made up of very complex sugar molecules using biomass such as corn stover and switchgrass. It is expected to open up huge opportunities in the Bio-alcohol Market in this period.
Complete report available @ Global Bio Alcohol Market - Industry Insights and Forecast 2015-2019.
Leading Companies in the Bio alcohol Market:
The other prominent vendors in the market include BASF, Cobalt, CoolPlanetBiofuels, DuPont, Fulcrum, Harvest Power, Valero, Mascoma, and Mitsubishi Chemicals.
Key Application Areas for the Bio alcohol Market:
The transportation sector accounted for a majority share of the Bio-alcohols market followed by infrastructure and medical sectors in 2014.
Leading Biofuel Producing Countries:
Germany was the largest producer and consumer of biofuels as of 2014.The stringent government regulations towards a greener and sustainable environment drive the Bio-alcohols market in Germany. However, the lack of availability of bio-based raw materials is still a major challenge the Germany market faces.
US was the second largest consumer of biofuels as of 2014. The government has taken several initiatives to shift to the production of bio-based production of chemicals. The Biorefinery Assistance Program (Section 9003) in US states that the companies willing to produce high-performance renewable chemicals and bio-based products will be eligible for loan guarantees to build the manufacturing plants.
Key Trends of the Bio-alcohol Market:
Key advances in biotechnology have enabled researchers to use cellulosic biomass for enhanced biofuel production.
Many chemical producers are expected to shift to biofuels during the forecast period.
There is an upsurge in the demand for biofuels from emerging regions that has opened new opportunities for the bio alcohol market.
Emerging regions such as South America are showing growing inclination towards newer applications of Bio-ethanol, a major product in the market.
The entry of foreign players such as BASF in China is likely to impact this market in a positive way.
Other Sections of the Report Include an Analysis on the Following:
Key Drivers and their Impact on the Bio alcohol Market
Key Challenges and their Impact on the Bio alcohol Market
Key Trends and their Impact on the Bio alcohol Market
Five Forces Analysis of the Bio alcohol Market
SWOT Analysis of Key Vendors of the Bio alcohol Market
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