Bio Alcohol Market Abstract:
Bio-Alcohol Market is growing with high pace and is expected to reach USD 110 Bn, with CAGR of 8.8% between by 2022.

Bio-Alcohol Market Key Players:
INEOS (Switzerland), CropEnergies AG (Germany), POET, LLC (U.S.), BP Biofuels Advanced Technology Inc. (U.S.), Cargill, Incorporated (U.S.), DowDuPont (U.S.), Abengoa Bioenergy, S.A (U.S.), Cool Plant Energy Systems (U.S.), Myriant Corporation (U.S.), Mascoma LLC (U.S.), and Mitsubishi Chemical Corporation (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global bio alcohol market.

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Bio-Alcohol Market Regional Analysis:
Geographically, North America region holds the major portion of global bio alcohol market. The U.S. is the leading country in the market owing to growing adoption of biofuels in external combustion engines and power generation systems. Increasing consumption of the product in transportation, alcoholic beverages, cosmetics and pharmaceutical industries has boosted the bio alcohol market demand in Canada and Mexico. Asia Pacific region is set to grow at a higher CAGR owing to growing demand of eco-friendly products. Additionally, the European region has witnessed a significant growth due to progress achieved in research & development activities of the product.

Industry/ Innovation/ Related News:
July 14, 2016 – Mitsubishi Chemical Corporation (Japan), a prominent bio fuel producing company, declared that the company has signed an agreement with Mitsui Zosen Machinery to form a corporate tie up for the production and supply of zeolite membranes. The production of these membranes is set to boost the bio alcohol market because they are used in industrial alcohol collection and bio-ethanol water removal systems. Moreover, the company also declared that they are primarily used in these purification systems due to its water and acid resistance features. Therefore, these factors are estimated to drive the market during the forecast period.

June 3, 2015 – Mascoma LLC and the Department of Energy's BioEnergy Science Center, have manufactured a strain of yeast that is set to boost the production of biofuels form non-food matter. This method is expected to increase the production of biofuels in the couple of years than the current one which is formed from corn. Moreover, with this development, the biofuel market is expected to witness a rapid growth due to cost-effective nature of the product over the assessment period.

Bio-Alcohol Market Table of Content to be Continue…….,

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