Bio-alcohols Market - Forecast(2022 - 2027)

Report Code: CMR 15651 Report Format: PDF + Excel

Bio-alcohols Market Overview

Bio-alcohols Market size is forecast to reach $16 billion by 2026, after growing at a CAGR of 8.4% during 2021-2026. The market for bio-alcohols such as bioethanol, biomethanol, biobutanol is predicted to expand at a quicker rate as non-renewable resources become scarcer and crude oil prices fluctuate. The growing demand for cars as a result of population growth has fueled demand for biofuels in emerging economies, as well as creating the potential for the bio-alcohol industry. When compared to traditional fuels, bio-alcohol is environmentally beneficial, renewable, and helps to reduce carbon footprint. Bio-alcohols are long-lasting compounds made from cellulose or sugar fermentation. Bio-alcohol producers use biomass as a feedstock to create their products. Cellulosic biomass is becoming more widely used in industries as a result of advancements in technology, which is projected to promote the expansion of the bio-alcohol market. These technologies must be made available globally in order to drive the growth of the bio-alcohol market.

COVID-19 Impact

The rapid spread of the COVID-19 pandemic has resulted in a surge in demand for hand sanitizers for disinfection purposes all across the world. This, combined with positive measures by numerous governing authorities to encourage the practice of hand sanitization at regular intervals has prompted important players to invest in the rising manufacture of bioethanol-based hand sanitizers and disinfectants. Other factors driving market growth include the increasing use of these items in the creation of organic cosmetics and the widespread use of these goods in pharmaceutical manufacture.

Report Coverage

The report: “Bio-alcohols Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bio-alcohols Industry.
By Raw Material: Grains, Sugarcane, Industrial beets, Biowaste, and others.
By Product: Biomethanol, Bioethanol, Biobutanol, Bio-Bdo and others.
By End Use Industry: Transportation, Construction, Electronics, Pharmaceutical, and others
By Geography: North America (USA, Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain, Netherlands, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America, and RoW (Middle East (Saudi Arabia, UAE, Israel, Rest of Middle East), Africa (South Africa, Nigeria, Rest of Africa).

Key Takeaways

  • The rise of the bio-alcohols market in Asia-Pacific is fueled by expansion in the automotive industry, rising energy demand, and stable economic expansion.
  • Bio alcohol's benefits over conventional fuels are causing a steady increase in demand. Bio-alcohol, like all bio-based fuels, is renewable and has a far lower carbon footprint than crude-oil-based fuels.
  • However, food grain consumption as feedstock is expected to stifle market expansion in the next years as the world's population grows. The market for bio-alcohols is likely to benefit from the unpredictable price of crude oil, which is a prominent trend.


Figure: Asia Pacific Bio-alcohols Market Revenue, 2020-2026 (US$ billion)

Bio-alcohols Market Revenue
For More Details on This Report - Request for Sample

Bio-alcohols Market Segment Analysis – By Product

Bio-ethanol held the largest share in the global Bio-alcohols market in 2020 and is expected to maintain its dominance throughout the forecast period. Bio-ethanol is a higher-octane fuel that can also be utilized for energy-related applications like power generation. Its use in vehicles, buses, airplanes, the medical industry, and fuel cells is expected to boost the market growth. Blending bio-ethanol with gasoline can extend the life of depleting oil sources and offer greater global fuel security. Bio-ethanol is also in high demand due to its biodegradability and lower toxicity than fossil fuels. As a result of the aforementioned considerations, bio-ethanol is expected to dominate the market under consideration over the forecast period.

Bio-alcohols Market Segment Analysis – By End-Use Industry

Transportation held the largest share in the Bio-alcohols market in 2020 and is growing at a CAGR of 8.6% during the forecast period, owing to a boom in the automotive industry. The impending depletion of fossil fuels, as well as the mounting pollution problems that their consumption is causing, is a major driver of the global bio alcohol market. The usage of bio alcohol will help to manage the greenhouse impact to a large extent, lowering the carbon footprint of various places. Aside from that, bio alcohols have a high power potential, making them a highly practical class of fuels for large-scale application.

Bio-alcohols Market Segment Analysis – By Geography

Asia Pacific dominated the Bio-alcohols market in 2020 with a share of 35%, owing to the ongoing growth in the end-user industries such as construction, and electronics. The region has a huge population and is seeing a steady growth in demand for high-performance items as the middle class's income rises. China, India, and Indonesia, among other countries in the region, are heavily investing in construction and infrastructure projects. For instance, in 2019, China proposed a $142 billion investment in 26 infrastructure projects. According to the International Trade Administration, the Chinese construction industry is expected to expand at a rate of 5% per year in real terms between 2019 and 2023. (ITA). Furthermore, the European Construction 2020 Action Plan's aim was to encourage favorable investment conditions. In addition, the government's initiatives such as “Housing for All” is flourishing the residential and commercial building sectors. Furthermore, China is the world's largest producer of electronic goods. Smartphones, televisions, wires, cables, portable computer devices, gaming systems, and other personal electronic gadgets grew at the fastest rate in the electronics market. The manufacturing of electronics in China is expected to increase as the middle-class population's disposable income will be risiing and demand for electronic items rises in nations that import electronic items from China. The demand in the market under consideration is likely to rise as the electronics sector grows.

Bio-alcohols Market Drivers

Environmentally Favorable Aspects of Bio-Alcohols

Carbon dioxide emissions and the greenhouse effect are the most serious environmental issues. With such issues, the need for bio-alcohol is increasing, with various forms such as bio-ethanol, biobutanol, and biomethanol being used in a variety of industries. Bio-alcohol is becoming more popular in the transportation industry as a substitute for gasoline. Because it has less reactivity in the atmosphere and is a high-octane fuel alternative to gasoline, bio-ethanol is the market leader. Bioethanol is preferred in the power generation business since it reduces oxidation problems. Biomethanol is the second-largest segment, owing to an increase in bio-methanol production from waste or biomass. Biomethanol is unaffected by the composition of gasoline. As a result, it is frequently preferred in applications such as vehicles, buses, and the medical industry. Furthermore, due to its lack of compatibility with conventional automotive engines, the Biobutanol industry is predicted to grow rapidly. These alcohols emit substantially cleaner exhaust gases, and their application cuts net greenhouse gas emissions by more than 37.1 percent. Throughout the forecast period, all of these environmentally favorable aspects are expected to drive the bio alcohol market.

Bio-alcohols Market Challenges

Rising Price of Bio Alcohols

The disadvantages of bio alcohol, such as the need for arable land, the release of a large amount of carbon dioxide during the production process of bioethanol, and rising pricing, are likely to stymie the bio alcohol industry. This is because some farmers are concerned that, due to the lucrative prices of bioethanol, they may sacrifice food crops for biofuel production, rising global food costs. Thus, these challenges may limit the market growth.

Bio-alcohols Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Bio-alcohols Market. Major players in the Bio-alcohols market includes BASF SE, Asahi Kasei Corporation, INVISTA, Evonik Industries AG, and Toray Industries, Inc., among others.

Relevant Reports

Report Code: CMR 92597

Report Code: CMR 0099

For more Chemicals and Materials Market reports, please click here

1. Bio-alcohols Market- Market Overview
    1.1 Definitions and Scope
2. Bio-alcohols Market - Executive Summary
    2.1 Key Trends by Raw Material
    2.2 Key Trends by Product
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. Bio-alcohols Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Bio-alcohols Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Bio-alcohols Market – Industry Market Entry Scenario Premiumio Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Bio-alcohols Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Bio-alcohols Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Bio-alcohols Market – By Raw Material (Market Size -$Million/Billion)
    8.1 Grains
    8.2 Sugarcane
    8.3 Industrial beets
    8.4 Biowaste
    8.5 Others
9. Bio-alcohols Market – By Product (Market Size -$Million/Billion)
    9.1 Bio-methanol
    9.2 Bio-ethanol
    9.3 Bio-butanol
    9.4 Bio-BDO
    9.5 Others
10. Bio-alcohols Market – By End Use Industry (Market Size -$Million/Billion)
    10.1 Transportation
    10.2 Construction
    10.3 Electronics
    10.4 Pharmaceutical
    10.5 Others
11. Bio-alcohols Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 U.A.E
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Bio-alcohols Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Bio-alcohols Market – Market Share Analysis Premium
    13.1 Market Share at Global Level - Major companies
    13.2 Market Share by Key Region - Major companies
    13.3 Market Share by Key Country - Major companies
    13.4 Market Share by Key Application - Major companies
    13.5 Market Share by Key Product Type/Product category - Major companies
14. Bio-alcohols Market – Key Company List by Country Premium Premium
15. Bio-alcohols Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies" 

LIST OF TABLES

1.Global Global Bio-Alcohol Market, By Type Market 2019-2024 ($M)
1.1 Bioethanol Market 2019-2024 ($M) - Global Industry Research
1.1.1 Key Market Trends, Growth Factor And Opportunity Market 2019-2024 ($M)
1.2 Biomethanol Market 2019-2024 ($M) - Global Industry Research
1.3 Biobutanol Market 2019-2024 ($M) - Global Industry Research
1.4 Bdo Market 2019-2024 ($M) - Global Industry Research
2.Global Global Bio-Alcohol Market, By Raw Material Market 2019-2024 ($M)
2.1 By Type Market 2019-2024 ($M) - Global Industry Research
2.2 Grain Market 2019-2024 ($M) - Global Industry Research
2.3 Sugarcane Market 2019-2024 ($M) - Global Industry Research
2.4 Industrial Beet Market 2019-2024 ($M) - Global Industry Research
2.5 Biomass Market 2019-2024 ($M) - Global Industry Research
3.Global Global Bio-Alcohol Market, By Type Market 2019-2024 (Volume/Units)
3.1 Bioethanol Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Key Market Trends, Growth Factor And Opportunity Market 2019-2024 (Volume/Units)
3.2 Biomethanol Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Biobutanol Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Bdo Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Global Bio-Alcohol Market, By Raw Material Market 2019-2024 (Volume/Units)
4.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Grain Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Sugarcane Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Industrial Beet Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Biomass Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Global Bio-Alcohol Market, By Type Market 2019-2024 ($M)
5.1 Bioethanol Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Key Market Trends, Growth Factor And Opportunity Market 2019-2024 ($M)
5.2 Biomethanol Market 2019-2024 ($M) - Regional Industry Research
5.3 Biobutanol Market 2019-2024 ($M) - Regional Industry Research
5.4 Bdo Market 2019-2024 ($M) - Regional Industry Research
6.North America Global Bio-Alcohol Market, By Raw Material Market 2019-2024 ($M)
6.1 By Type Market 2019-2024 ($M) - Regional Industry Research
6.2 Grain Market 2019-2024 ($M) - Regional Industry Research
6.3 Sugarcane Market 2019-2024 ($M) - Regional Industry Research
6.4 Industrial Beet Market 2019-2024 ($M) - Regional Industry Research
6.5 Biomass Market 2019-2024 ($M) - Regional Industry Research
7.South America Global Bio-Alcohol Market, By Type Market 2019-2024 ($M)
7.1 Bioethanol Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Key Market Trends, Growth Factor And Opportunity Market 2019-2024 ($M)
7.2 Biomethanol Market 2019-2024 ($M) - Regional Industry Research
7.3 Biobutanol Market 2019-2024 ($M) - Regional Industry Research
7.4 Bdo Market 2019-2024 ($M) - Regional Industry Research
8.South America Global Bio-Alcohol Market, By Raw Material Market 2019-2024 ($M)
8.1 By Type Market 2019-2024 ($M) - Regional Industry Research
8.2 Grain Market 2019-2024 ($M) - Regional Industry Research
8.3 Sugarcane Market 2019-2024 ($M) - Regional Industry Research
8.4 Industrial Beet Market 2019-2024 ($M) - Regional Industry Research
8.5 Biomass Market 2019-2024 ($M) - Regional Industry Research
9.Europe Global Bio-Alcohol Market, By Type Market 2019-2024 ($M)
9.1 Bioethanol Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Key Market Trends, Growth Factor And Opportunity Market 2019-2024 ($M)
9.2 Biomethanol Market 2019-2024 ($M) - Regional Industry Research
9.3 Biobutanol Market 2019-2024 ($M) - Regional Industry Research
9.4 Bdo Market 2019-2024 ($M) - Regional Industry Research
10.Europe Global Bio-Alcohol Market, By Raw Material Market 2019-2024 ($M)
10.1 By Type Market 2019-2024 ($M) - Regional Industry Research
10.2 Grain Market 2019-2024 ($M) - Regional Industry Research
10.3 Sugarcane Market 2019-2024 ($M) - Regional Industry Research
10.4 Industrial Beet Market 2019-2024 ($M) - Regional Industry Research
10.5 Biomass Market 2019-2024 ($M) - Regional Industry Research
11.APAC Global Bio-Alcohol Market, By Type Market 2019-2024 ($M)
11.1 Bioethanol Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Key Market Trends, Growth Factor And Opportunity Market 2019-2024 ($M)
11.2 Biomethanol Market 2019-2024 ($M) - Regional Industry Research
11.3 Biobutanol Market 2019-2024 ($M) - Regional Industry Research
11.4 Bdo Market 2019-2024 ($M) - Regional Industry Research
12.APAC Global Bio-Alcohol Market, By Raw Material Market 2019-2024 ($M)
12.1 By Type Market 2019-2024 ($M) - Regional Industry Research
12.2 Grain Market 2019-2024 ($M) - Regional Industry Research
12.3 Sugarcane Market 2019-2024 ($M) - Regional Industry Research
12.4 Industrial Beet Market 2019-2024 ($M) - Regional Industry Research
12.5 Biomass Market 2019-2024 ($M) - Regional Industry Research
13.MENA Global Bio-Alcohol Market, By Type Market 2019-2024 ($M)
13.1 Bioethanol Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Key Market Trends, Growth Factor And Opportunity Market 2019-2024 ($M)
13.2 Biomethanol Market 2019-2024 ($M) - Regional Industry Research
13.3 Biobutanol Market 2019-2024 ($M) - Regional Industry Research
13.4 Bdo Market 2019-2024 ($M) - Regional Industry Research
14.MENA Global Bio-Alcohol Market, By Raw Material Market 2019-2024 ($M)
14.1 By Type Market 2019-2024 ($M) - Regional Industry Research
14.2 Grain Market 2019-2024 ($M) - Regional Industry Research
14.3 Sugarcane Market 2019-2024 ($M) - Regional Industry Research
14.4 Industrial Beet Market 2019-2024 ($M) - Regional Industry Research
14.5 Biomass Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Bio-alcohols Market Revenue, 2019-2024 ($M)
2.Canada Bio-alcohols Market Revenue, 2019-2024 ($M)
3.Mexico Bio-alcohols Market Revenue, 2019-2024 ($M)
4.Brazil Bio-alcohols Market Revenue, 2019-2024 ($M)
5.Argentina Bio-alcohols Market Revenue, 2019-2024 ($M)
6.Peru Bio-alcohols Market Revenue, 2019-2024 ($M)
7.Colombia Bio-alcohols Market Revenue, 2019-2024 ($M)
8.Chile Bio-alcohols Market Revenue, 2019-2024 ($M)
9.Rest of South America Bio-alcohols Market Revenue, 2019-2024 ($M)
10.UK Bio-alcohols Market Revenue, 2019-2024 ($M)
11.Germany Bio-alcohols Market Revenue, 2019-2024 ($M)
12.France Bio-alcohols Market Revenue, 2019-2024 ($M)
13.Italy Bio-alcohols Market Revenue, 2019-2024 ($M)
14.Spain Bio-alcohols Market Revenue, 2019-2024 ($M)
15.Rest of Europe Bio-alcohols Market Revenue, 2019-2024 ($M)
16.China Bio-alcohols Market Revenue, 2019-2024 ($M)
17.India Bio-alcohols Market Revenue, 2019-2024 ($M)
18.Japan Bio-alcohols Market Revenue, 2019-2024 ($M)
19.South Korea Bio-alcohols Market Revenue, 2019-2024 ($M)
20.South Africa Bio-alcohols Market Revenue, 2019-2024 ($M)
21.North America Bio-alcohols By Application
22.South America Bio-alcohols By Application
23.Europe Bio-alcohols By Application
24.APAC Bio-alcohols By Application
25.MENA Bio-alcohols By Application
26.Key Strategy And Development, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Bioamber Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Bp Biofuels, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Cargill Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Cool Planet Energy System Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.E. I. Du Pont De Nemours And Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Genomatica Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Mitsubishi Chemical Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Myriant Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Raizen S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)