Bio-Alcohols Market Size, Growth, Trends, Analysis, 2023-2028

Bio-Alcohols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2550

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Market Overview:

The global bio-alcohols market size reached US$ 12.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2028, exhibiting a growth rate (CAGR) of 10.20% during 2023-2028.

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.

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 2023-2028. 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	2022
Historical Period	2017-2022
Forecast Period	2023-2028
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$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
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)

Key Questions Answered in This Report

The global bio-alcohols market was valued at US$ 12.8 Billion in 2022.

We expect the global bio-alcohols market to exhibit a CAGR of 10.20% during 2023-2028.

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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