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Bio Alcohol market

Bio Alcohol market

Nandini11
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Bio Alcohol market

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  1. Global Bio Alcohol Marketis valued at USD 163.6 Billion in 2021 and expected to reach USD 316.4 Billion by 2028 with a CAGR of 9.9% over the forecast period. Global Bio Alcohol Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Price fluctuations of crude oil around the world, growing concern over anthropogenic climate change, and rising government initiatives for the adoption of bio alcohol are some of the major factors driving the market growth of the Global Bio Alcohol Market. Scope- Bio alcohols can be described simply as alcohols derived from biological resources or biomass. Bioethanol, which is the principal alternative fuel for spark-ignition engines, is the most commonly recognized and manufactured bio alcohol. Bio alcohols can be derived from a broad variety of biomass, including crops, lignocellulosic crops or residues, and food waste. The first-generation bio alcohols are made from crops, which occasionally raises food versus fuel debates and other concerns. The second-generation bio alcohols are made from lignocellulosic biomass, such as forestry or agricultural wastes. While the first-generation bio alcohols are successful in technological development, the cost and efficiency of the second-generation bio alcohols still need to be enhanced to overcome the high recalcitrance to enzymatic hydrolysis. In between, bio alcohol extraction from food and/or other municipal solid wastes may provide a synergistic solution to both concerns. The COVID-19 epidemic is sending shockwaves throughout the global economy. The impact is especially essential in oil product markets, as limitations on local and regional movements and international travel divert people and products from getting out freely, which puts a heavy toll on transportation. Limitation on social interaction and movements has spread almost as rapidly as the virus itself, e.g., decreasing commerce and shipping operations and interrupting industrial production. With more countries raising their quarantine and lockdown action diesel & gasoline consumption is projected to decrease. The anticipated forecast is a growth in intra-market travel as consumers

  2. would choose to travel locally instead of the more costly option of overseas travel. Key Players- Some major key players for the global Bio Alcohol market report cover prominent players like - •BASF SE •Arkema •Vereinigte BioEnergie AG •CREMER OLEO GmbH & Co. KG •VERBIO •BRASKEM •DuPont •Cargil •DSM •Raizen •Mitsubishi Chemical Corporation •BP Biofuels •Genomatica Inc. •GODAVARI BIOREFINERIES LTD. Segmentation- By Product Type: •Bio-methanol •Bio-ethanol •Bio-butanol •Bio-BDO •Others By Source: •Sugarcane •Sugar Beet •Grains •Corn •Others

  3. By Application: •Transportation Fuel •Perfume •Flavor Enhancer •Paints •Electronic Cleaning •Chemical Intermediate •Pharmaceutical Applications •Agrochemicals •Others By Regional & Country Level: •North America oU.S. oCanada •Europe oU.K. oFrance oGermany oItaly •Asia Pacific oChina oJapan oIndia oSoutheast Asia •Latin America oBrazil oMexico •Middle East and Africa oGCC oAfrica oRest of Middle East and Africa Price fluctuations of crude oil around the world, growing concern over anthropogenic climate change, and rising governments initiative for the adoption of bio alcohol are some of the major factors driving the market growth

  4. Asia Pacific is expected to Capture a Major Share in the Global Bio Alcohol Market News- •The Roadmap for Blending Ethanol in India by 2025 study was unveiled by Prime Minister Narendra Modi in June 2021. •The TVS Apache RTR 200 Fi E100, the country's first ethanol- powered motorcycle that can run on both flex ethanol fuel and pure ethanol, was revealed by TVS India in July 2019.

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