The bio alcohol market is growing due to increase in scarcity of non renewable resources and rise in crude oil prices. The fastest growing problem for the environment is the cars emitting carbon dioxide (CO2) and the green house effect. Bio alcohol production process property to reduce the carbon footprint is becoming an opportunity for the bio alcohol market to grow at a considerable rate in the coming years. Rise in demands of bio fuels from emerging regions have also opened up opportunities for the bio alcohol market to grow in the coming years.
GLOBAL INDUSTRY INSIGHT: Bio Alcohol Market Size, Share,
Development, Growth and Demand Forecast to 2020 P&S Market
Research. All rights reserved 2 Global Bio Alcohol Market Size,
Share, Development, Growth and Demand Forecast to 2020 The bio
alcohol market is growing due to increase in scarcity of non
renewable resources and rise in crude oil prices. The fastest
growing problem for the environment is the cars emitting carbon
dioxide (CO2) and the green house effect. Bio alcohol production
process property to reduce the carbon footprint is becoming an
opportunity for the bio alcohol market to grow at a considerable
rate in the coming years. Rise in demands of bio fuels from
emerging regions have also opened up opportunities for the bio
alcohol market to grow in the coming years.
ExploremoreaboutGlobalAlcoholMarket:https://www.psmarketresearch.com/market-analysis/bio-alcohol-market
Bio alcohols are sustainable organic chemicals owing essential
physiological properties through the fermentation of cellulose or
sugar. Bio alcohols are eco friendly in nature and used in
applications such as transportation as an
alternativetogasoline.Presently,bioalcoholsaremanufacturedfromfeedstocksuchasbiomassincluding
organic wastes. With the technological advancement, cellulosic
biomass usage is increasing and is expected to support the growth
of the bio alcohols market. Cellulosic biomass is made up of very
complex sugar molecules
withtheuseofbiomasssuchasswitchgrassandcornstover.Researchersarenowabletousecellulosic
biomass for improved bio fuel production, due to crucial advances
in biotechnology. Bio alcohol has various advantages over fossil
fuels with regard to sulfur, nitrogen oxide, particles,
hydrocarbon, ground ozone and carbon monoxide. The only increase in
emissions in contrast with fossil fuels is formaldehyde
andacetaldehydethatdonothaveanyimpactonthesurroundings.Ethanolgaseshavelessatmospheric
reactivity and results in reduced oxidant (ozone) formation. With
the increased use of ethanol such as benzene and butadiene, gene
toxic substances will reduce immensely in the atmosphere. Many
cancer cases that occur due to air pollution are mainly caused by
automobiles and it will reduce by using ethanol, because ethanol
and methanol gives out advanced steam pressure after getting mixed
in petrol. Steam pressure remains unchanged even after changing the
composition of ethanol and methanol in petrol.
Thebioalcoholmarketcanbecategorizedonthebasisoftypeasbiobutanol,bioBDO,bioethanolandbio
methanol.Onthebasisofapplications,thebioalcoholmarketcanbefurthercategorizedasinfrastructure,
transportation and medical. Transportation industry leads the bio
alcohols market in 2014. Germany has been the largest consumer and
producer of bio alcohols in 2014. One of the major factors for the
growthofbioalcoholsmarketinGermanyistheseveregovernmentregulationsregardingsustainableand
greener environment. However, the shortage in availability of bio
based raw materials is posing a major challenge for the bio
alcohols market in Germany. U.S. held the second position in the
bio alcohols market in 2014. The U.S. government took numerous
initiatives
forshiftingtheproductionofbiobasedchemicals.Governmentsupportsandfundsthebiobasedchemicals
P&S Market Research. All rights reserved 3 Global Bio Alcohol
Market Size, Share, Development, Growth and Demand Forecast to 2020
manufacturers,suchasthebiorefineryassistanceprogramconductedintheU.S.statesthatcompanies
producing high performance bio based chemicals and products will
only be eligible for loan guarantees, along with building the
essential manufacturing plants. Emerging regions such as, South
America is also showing positive inclination towards advanced
applications of bio ethanol, which is a major product in the bio
alcohols market. Some of the competitors in the bio alcohols market
are Genomatica Inc., BASF SE, Fulcrum Bioenergy Inc, Cool Planet
Energy Systems, EI du Pont de Nemours & Co, Myriant
Corporation, Mascoma LLC, Harvest Power, Inc., and Mitsubishi
Chemical Corporation. BrowsemorereportsonChemicalMaterial
sandEnergy:https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
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