What is Bio-alcohols?
Bio-alcohols are produced by the action of microorganisms and enzymes through the fermentation of sugars or starches or cellulose. Bio-alcohols can be used as fuel. It has two forms, first-generation Bio-alcohols made from substances in crops and second-generation Bio-alcohols made from inedible plant parts inhumanly consumable crops or from fruits of crops. Eco-friendly characteristics of the Bio-alcohol will help to solve the environmental pollution problem. It also helps to reduce the dependence on fossil fuels for energy. Growing automotive industry around the world is driving the global bio-alcohols market.
The market study is broken down by Type (Bioethanol, Biomethanol, Biobutanol and BDO), by Application (Transportation, Power Generation, Medical and Others) and major geographies with country level break-up.
Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Bio-alcohols market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mitsubishi Chemical Corporation (Japan), DuPont (United States), BASF (Germany), Fulcrum Bioenergy Inc (United States), BioAmber Inc (United States), Mascoma LLC (United States), Butamax Advanced Biofuels LLC (United States), Red Rock BioFuels LLC (United States), Myriant Corporation (United States) and Valero Energy Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Genomatica Inc (United States) and BP Biofuels (United Kingdom).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Bio-alcohols market by Type, Application and Region.
On the basis of geography, the market of Bio-alcohols has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. Grains will boost the Bio-alcohols market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 12th June 2018, BASF Enzymes and Lallemand Biofuels and Distilled Spirits formally entered into marketing and sales collaboration agreement with the aim to maximize value to customers in the ethanol market.
Market Trend
- Fluctuations in the Prices of Crude Oil
Market Drivers
- Eco-friendly Characteristics of the Biofuels
- Substitute for Fossil Fuels
- Growing awareness among people about environmental safety
Opportunities
- Shortage of Fossil Fuels Worldwide
- Availability and Low Cost of Biomass
- Growing Automotive Industry
Restraints
- Corrosive Fuel
- Requires Lot of Cropland Space for Production of Bio-alcohol
Challenges
- Not Effective Fuel as Traditional Gasoline
Key Target Audience
Manufacturers of Bio-alcohol, Raw Material Suppliers, Distributors of Bio-alcohol, Laboratories and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.