SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Bio-Alcohols – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 3476
Companies: 46 – Players covered include BASF SE; BioAmber, Inc.; BP Biofuels; Cargill, Inc.; Cool Planet; Harvest Power, Inc.; Mitsubishi Chemical Corporation; Myriant Corporation; Raizen Group; Valero Energy Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Transportation, Medical, Power Generation, Other Applications); Product Type (Bio-Ethanol, Bio-Methanol, Bio-Butanol, Bio-Butanediol); Raw Material (Grains, Sugarcane, Industrial Beets, Biowaste, Other Raw Materials)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Bio-Alcohols Market to Reach $11.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Bio-Alcohols estimated at US$8.4 Billion in the year 2020, is projected to reach a revised size of US$11.5 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Bio-Ethanol, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$6.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bio-Methanol segment is readjusted to a revised 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion in 2021, While China is Forecast to Reach $2 Billion by 2026
The Bio-Alcohols market in the U.S. is estimated at US$2.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2026 trailing a CAGR of 4.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Bio-Butanol Segment to Reach US$2 Billion by the year 2026
In the global Bio-Butanol segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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