Global Bio-alcohols Market 2015-2019
Bio-alcohols are organic compounds produced by the fermentation of sugar or cellulose. Bio-alcohols are primarily used in the transportation sector. For instance, bio-ethanol can be used as a replacement for gasoline in cars.
Technavio’s analysts forecast the global bio-alcohols market to grow at a CAGR of 9 percent over the period 2014-2019.
Covered in this Report
The global bio-alcohols market can be segmented into five: transportation, infrastructure, medical, and others.Technavio's report, Global Bio-alcohols Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, North America, Europe, and ROW; it also covers the global bio-alcohols market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Bio-alcohols Market 2015-2019
Technavio recognizes the following companies as the key players in the global bio-alcohols market: BioAmber, Cargill, Genomatica and Myriant
Other Prominent Vendors in the market are: BASF, Cobalt, CoolPlanetBiofuels, DuPont, Fulcrum, Harvest Power, Valero, Mascoma, and Mitsubishi Chemicals
Commenting on the report, an analyst from Technavio’s team said: “Growing awareness of environmental issues and the desire to create a greener and more sustainable environment is a significant trend in the market. Chemical producers have shifted to bio-based raw materials for the production of alcohols due to volatility in the prices of petroleum-based raw materials and increased demand for sustainable products.”
According to the report, scarcity of non-renewable resources is a major factor contributing to market growth. Fluctuation in the prices of crude oil is also leading to the replacement of traditional petroleum-based production of alcohols with bio-based production. Bio-alcohols also have less negative impact on the environment.
Further, the report states that there are issues concerning the availability of raw materials, especially in countries such as Germany and the US.
BioAmber, Cargill, Genomatica, Myriant, BASF, Cobalt, CoolPlanetBiofuels, DuPont, Fulcrum, Harvest Power, Valero, Mascoma, Mitsubishi Chemicals