Bio-Alcohols Market Size, Share, Growth | Report 2023-28

Info

IMARC Group, a leading market research company, has recently releases report titled “Bio-Alcohols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global bio-alcohols market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the bio-alcohols market?

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.

What are bio-alcohols?

Bio-alcohols are eco-friendly chemicals manufactured by the action of microorganisms and enzymes during the fermentation of starches or sugars. They are mainly used as fuels due to their properties like high energy density and combustible nature, along with low volatility and viscosity. There are two generations of bio-alcohols: the first-generation bio-alcohols are made from edible products like vegetable oil, starch, and sugar, whereas the second-generation bio-alcohols are produced from the inedible parts of consumable crops such as branches, woody stems, and inedible fruits. Apart from fuel, they are also utilized in the production of glues, perfumes, textiles, paints, and diluents.

Request for a free sample copy of this report: https://www.imarcgroup.com/bio-alcohols-market/requestsample

What are the growth prospects and trends in the bio-alcohols industry?

Bio-alcohols are gaining traction worldwide due to depleting non-renewable resources and the increasing gap between fuel supply and demand. This can be accredited to the inflating income levels and improving standards of living, which have increased the sales of automobiles, in turn, creating a high strain on the environment. Moreover, growing environmental concerns have increased the demand for biofuels as they offer higher-octane fuel and leave a smaller carbon footprint in comparison to crude oil-based fuels. Apart from this, the COVID-19 pandemic has fueled the demand for hand sanitizers and disinfectants. As a result, several companies have started the production of bioethanol-based hand sanitizers to meet the global demand. For instance,BASF in the United States and Verbio in Germany have begun the production of bioethanol-based hand sanitizers and disinfectants. Furthermore, bio-alcohols find applications in various industries like pharmaceuticals, cosmetics, and alcoholic beverages.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

Bio-Methanol

Bio-Ethanol

Bio-Butanol

Bio-BDO

Others

Breakup by Raw Material:

Grains

Sugarcane

Industrial Beets

Biowaste

Others

Breakup by Application:

Transportation

Construction

Medical

Power Generation

Others

Breakup by Region:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2550&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Be the first to recommend this story!