Bio-alcohols Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Bio-methanol, Bio-ethanol, Bio-butanol, Bio-BDO, and Other Product Types), Application (Transportation, Construction, Electronics, Pharmaceutical, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Bio-alcohols Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >8 %

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Market Overview

The global bio-alcohols market is expected to grow with a CAGR greater than 8% during the forecast period. One of the major factors driving the market is the growing growing demand for bio-based products. However, the declining automotive production is hindering the growth of the market studied.

  • Asia-Pacific is expected to account for the highest growth rate during the forecast period.
  • Among the product types, bio-ethanol is likely to account for the highest market share during the forecast period.

Scope of the report

The bio-alcohols market report includes:

Product Type
Bio-methanol
Bio-ethanol
Bio-butanol
Bio-BDO
Other Product Types
Application
Transportation
Construction
Electronics
Pharmaceutical
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Bio-ethanol to Dominate the Market

  • Bio-ethanol offers higher-octane fuel alternative and is also used for energy oriented applications, such as power generation.
  • Its applications in trucks, buses, airplanes, medical industry, and fuel cells are to lift the growth in the market.
  • The blending of bio-ethanol with petrol can increase the life span of diminishing oil supplies and ensure greater fuel security globally.
  • The demand for bio-ethanol is also boosted by its biodegradability and low toxicity than fossil fuels.
  • Hence, owing to the above-mentioned factors, bio-ethanol is likely to dominate the market studied during the forecast period.
Bio-alcohols Market - Segmentation Trends

Asia-Pacific to Witness the Highest Growth Rate

  • Asia Pacific region is expected to be the fastest-growing market for bio-alcohols owing to the ongoing growth in the end-user industries like construction, and electronics. 
  • The region has the presence of a large population and is witnessing a continuously growing demand for high-performance products with an increase in the income of the middle class. 
  • The countries in the region including China, India, and Indonesia are investing highly in the construction and infrastructure projects. 
  • However, the declining automotive industry may hinder the demand for bio-alcohols in the region in the coming years.
  • Hence, owing to the above-mentioned factors, Asia-Pacific is likely to witness the highest growth rate during the forecast period.
Bio-alcohols Market - Regional Trends

Competitive Landscape

The global bio-alcohols market is moderately consolidated as the market of the market share is divided among few players. Some of the key players in the market include BASF SE, Asahi Kasei Corporation, INVISTA, Evonik Industries AG, and Toray Industries, Inc., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Bio-based Products

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Declining Automotive Production

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Bio-methanol

      2. 5.1.2 Bio-ethanol

      3. 5.1.3 Bio-butanol

      4. 5.1.4 Bio-BDO

      5. 5.1.5 Other Product Types

    2. 5.2 Application

      1. 5.2.1 Transportation

      2. 5.2.2 Construction

      3. 5.2.3 Electronics

      4. 5.2.4 Pharmaceutical

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Braskem

      3. 6.4.3 Cargill, Incorporated.

      4. 6.4.4 DSM

      5. 6.4.5 Fulcrum BioEnergy

      6. 6.4.6 Harvest Power

      7. 6.4.7 Mascoma LLC

      8. 6.4.8 Mitsubishi Chemical Corporation

      9. 6.4.9 Valero Marketing and Supply Company.

      10. 6.4.10 Venture Center

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Bio-alcohols Market market is studied from 2016 - 2026.

The Bio-alcohols Market is growing at a CAGR of >8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

BASF SE, Asahi Kasei Corporation, INVISTA, Evonik Industries AG , Toray Industries, Inc. are the major companies operating in Bio-alcohols Market.

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