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Bio-Alcohols Market Report by Product Type (Bio-Methanol, Bio-Ethanol, Bio-Butanol, Bio-BDO, and Others), Raw Material (Grains, Sugarcane, Industrial Beets, Biowaste, and Others), Application (Transportation, Construction, Medical, Power Generation, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2550
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Market Overview:
The global bio-alcohols market size reached US$ 14.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.6 Billion by 2032, exhibiting a growth rate (CAGR) of 9.1% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 14.1 Billion |
| Market Forecast in 2032 | US$ 31.6 Billion |
| Market Growth Rate 2024-2032 | 9.1% |
Bio-alcohols comprisebiomethanol, bioethanol, biopropanol, and biobutanol, which are renewable and eco-friendly fuels produced from biological resources or biomass. They are fermented by the action of microorganisms and enzymes through the fermentation of sugars, starches, and cellulose. They are combustible, volatile, and offer low viscosity and toxicity with a high energy density. At present, due to the emerging trend of cocktail culture, especially among millennials, bio-alcohols are gaining immense traction in alcoholic beverages.
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Bio-Alcohols Market Trends:
The increasing adoption of biofuels in automobiles due to the implementation of stringent government regulations for minimizing carbon emissions of vehicles represents one of the major factors positively influencing the demand for bio-alcohols. It can also be attributed to the risingsales of high-performance automobiles and inflating prices of petrol worldwide. In addition, it is used in construction materials as it is a biodegradable, sustainable and economicalrenewable energy resource. This, in confluence with rising construction activities in the residential, commercial, and industrial areas, is contributing to the market growth. Apart from this, bio-alcohols are widely employed in personal care and cosmetic products, such as perfumes, body mist, hair sprays, and hand sanitizers. This, along with the growing demand for organic and natural products, is propelling the market growth. Furthermore, the increasing consumer awareness abouthousehold cleanliness and hygiene is catalyzing the demand for bio-alcohols in household cleaners and disinfectants. Besides this, the widespread product usage in the production of medicinal productsis offering lucrative growth opportunities to industry investors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bio-alcohols market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, raw material and application.
Breakup by Product Type:
- Bio-Methanol
- Bio-Ethanol
- Bio-Butanol
- Bio-BDO
- Others
Bio-ethanol dominates the market as it exhaust gases of ethanol are much cleaner.
Breakup by Raw Material:
- Grains
- Sugarcane
- Industrial Beets
- Biowaste
- Others
Grains currently account for the majority of the total market share.
Breakup by Application:
- Transportation
- Construction
- Medical
- Power Generation
- Others
Bio-alcohols find extensive application in the transportation industry to minimize carbon emissions.
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
North America holds the majority of the global bio-alcohols market share due to increasing construction activities in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are BASF SE, Braskem SA, Cargill, Incorporated, DuPont de Nemours, Inc., Fulcrum BioEnergy, Inc., Genomatica, Inc., Harvest Power, Koninklijke DSM N.V., Lallemand Inc., Mitsubishi Chemical Holdings Corporation, PTT Global Chemical Public Company Limited, and Valero Marketing and Supply Company.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Raw Material, Application, Region |
| Region Covered | North America, Asia Pacific, Europe, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, China, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico |
| Companies Covered | BASF SE, Braskem SA, Cargill, Incorporated, DuPont de Nemours, Inc., Fulcrum BioEnergy, Inc., Genomatica, Inc., Harvest Power, Koninklijke DSM N.V., Lallemand Inc., Mitsubishi Chemical Holdings Corporation, PTT Global Chemical Public Company Limited, and Valero Marketing and Supply Company |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global bio-alcohols market was valued at US$ 14.1 Billion in 2023.
We expect the global bio-alcohols market to exhibit a CAGR of 9.1% during 2024-2032.
The growing adoption of biofuels in automobiles, owing to the increasing need for minimizing carbon emission levels, is primarily driving the global bio-alcohols market.
The sudden outbreak of the COVID-19 pandemic has led to the rising utilization of bio-alcohols for producing bioethanol-based hand sanitizers and disinfectants to combat the spread of the coronavirus infection.
Based on the product type, the global bio-alcohols market can be segmented into bio-methanol, bio-ethanol, bio-butanol, bio-BDO, and others. Currently, bio-ethanol holds the majority of the total market share.
Based on the raw material, the global bio-alcohols market has been divided into grains, sugarcane, industrial beets, biowaste, and others. Among these, grains currently exhibit a clear dominance in the market.
Based on the application, the global bio-alcohols market can be categorized into transportation, construction, medical, power generation, and others. Currently, transportation accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global bio-alcohols market include BASF SE, Braskem SA, Cargill, Incorporated, DuPont de Nemours, Inc., Fulcrum BioEnergy, Inc., Genomatica, Inc., Harvest Power, Koninklijke DSM N.V., Lallemand Inc., Mitsubishi Chemical Holdings Corporation, PTT Global Chemical Public Company Limited, and Valero Marketing and Supply Company.
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