The global bio-alcohols market is expected to grow with a CAGR greater than 8% during the forecast period. One of the major factors driving the market is the growing growing demand for bio-based products. However, the declining automotive production is hindering the growth of the market studied.
Key Market Trends
Bio-ethanol to Dominate the Market
Asia-Pacific to Witness the Highest Growth Rate
Competitive Landscape
The global bio-alcohols market is moderately consolidated as the market of the market share is divided among few players. Some of the key players in the market include BASF SE, Asahi Kasei Corporation, INVISTA, Evonik Industries AG, and Toray Industries, Inc., among others.
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- Asia-Pacific is expected to account for the highest growth rate during the forecast period.
- Among the product types, bio-ethanol is likely to account for the highest market share during the forecast period.
Key Market Trends
Bio-ethanol to Dominate the Market
- Bio-ethanol offers higher-octane fuel alternative and is also used for energy oriented applications, such as power generation.
- Its applications in trucks, buses, airplanes, medical industry, and fuel cells are to lift the growth in the market.
- The blending of bio-ethanol with petrol can increase the life span of diminishing oil supplies and ensure greater fuel security globally.
- The demand for bio-ethanol is also boosted by its biodegradability and low toxicity than fossil fuels.
- Hence, owing to the above-mentioned factors, bio-ethanol is likely to dominate the market studied during the forecast period.
Asia-Pacific to Witness the Highest Growth Rate
- Asia Pacific region is expected to be the fastest-growing market for bio-alcohols owing to the ongoing growth in the end-user industries like construction, and electronics.
- The region has the presence of a large population and is witnessing a continuously growing demand for high-performance products with an increase in the income of the middle class.
- The countries in the region including China, India, and Indonesia are investing highly in the construction and infrastructure projects.
- However, the declining automotive industry may hinder the demand for bio-alcohols in the region in the coming years.
- Hence, owing to the above-mentioned factors, Asia-Pacific is likely to witness the highest growth rate during the forecast period.
Competitive Landscape
The global bio-alcohols market is moderately consolidated as the market of the market share is divided among few players. Some of the key players in the market include BASF SE, Asahi Kasei Corporation, INVISTA, Evonik Industries AG, and Toray Industries, Inc., among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Braskem
- Cargill, Incorporated.
- DSM
- Fulcrum BioEnergy
- Harvest Power
- Mascoma LLC
- Mitsubishi Chemical Corporation
- Valero Marketing and Supply Company.
- Venture Center
Methodology
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