DUBLIN--(BUSINESS WIRE)--The "Global
Bio-Alcohols Market - Segmented by Product Type, Application and
Geography - Growth, Trends and Forecasts (2018 - 2023)" report
has been added to ResearchAndMarkets.com's offering.
The bio-alcohols market is estimated to grow at a moderately high rate during the forecast period 2018-2023.
The demand for fossil fuels increased substantially in the last decades. These are considered to be more expensive and are claimed to be the main reason for global warming. Bio-alcohols are considered to be an alternative for these materials. The exhaust gases of bio alcohols are much cleaner and their usage decreases the net emissions of greenhouse gases by more than 37.1%. The amount of CO2 released is equal to the amount of CO2 consumed by the crops during photosynthesis.
Bioethanol 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 is to lift the growth in the market. The blending of bioethanol with petrol can increase the life span of diminishing oil supplies and ensure greater fuel security globally. Bioethanol is also considered due to its biodegradability and low toxicity than fossil fuels.
Asia Pacific region is expected to be the fastest growing market for bio-alcohols owing to the ongoing growth in the end-user industries including transportation, construction, and electronics. The region has a presence of large population and is witnessing a continuously growing demand for high performance products with increase in the income of the middle class.
- Harvest Power
- Mitsubishi Chemicals
- Venture Center
- Harvest Power
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/zq22nt/global?w=4