Credence Research has recently published a market research study that includeselaborativeanalysis which was result of an extensive research methodologyfor Bio-alcohol marketwith estimationsfrom 2018 to 2026. The highlights of this report aredrivers, restraints and opportunities of Bio-alcohol market, offered acrossthe recent and estimated timeline till 2026.Major report takeawaysare competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Bio-alcohol market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such asbusiness overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Bio-alcohol market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).
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Bio-alcohol market is gaining traction owing to increasing crude oil prices, growing concern over greenhouse gas emissions, and the need for alternative renewable source of energy across the globe. Bio-alcohol is a direct substitute for gasoline which is used as fuel in transportation, energy, and industrial sectors. It is produced by fermentation of sugars derived from raw materials such as grains, sugarcane, industrial beets, bio-waste, etc. Bio-ethanol is the most common and the largest product type of bio-alcohol in terms of value and volume consumption. The transportation sector accounts for a major share of approximately 15% to 20% of the world’s CO2 emission, therefore bio-ethanol is being largely consumed by the transportation sector to address the rising GHG emission as its use helps reducing CO2 emissions significantly. Rising use of bio-ethanol in alcoholic beverages owing to increasing purchasing power and acceptance of drinking alcoholic beverages especially in developing countries contributing to the market growth. Governments in different regions are working to promote energy efficiency and GHG emissions mitigations by investing on alternative source of energy especially in large and organized industrial sectors. For instance, in November, 2017, Indian Government proposed to invest USD 745.6 million on bio-ethanol production to cut down the country’s energy import dependency and to increase the renewable alternative fuel production with low carbon footprints to tackle the prevailing climate change issues due to CO2 emissions.
Keyresearch study highlights comprise:
- Exhaustiveresearch and analysis of the global Bio-alcohol industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Bio-alcohol market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering& business strength
- Cross sectional analysis of each regioncovering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)
Research methodologyapplied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Bio-alcohol market specific to key segments, and regional segmentation.
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- Secondary Research
Secondary research was initiated with data collected through sources such aspress releases,company annual reports, and relevant documents focusing on the current developments in the global Bio-alcohol market. Authentic sources such as university research papers, scientific journals, and government websites were similarlyscreened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Bio-alcohol market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Bio-alcohol market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help ofe-mail interactions,telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Purchasing managers
- Other stakeholders
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