DUBLIN, May 28, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jkxfdg/global) has announced the addition of the "Global Bio-alcohols Market 2015-2019" report to their offering.
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The global bio-alcohols market to grow at a CAGR of 9% over the period 2014-2019
Bio-alcohols are organic compounds produced by the fermentation of sugar or cellulose. Bio-alcohols are primarily used in the transportation sector. For instance, bio-ethanol can be used as a replacement for gasoline in cars.
Growing awareness of environmental issues and the desire to create a greener and more sustainable environment is a significant trend in the market. Chemical producers have shifted to bio-based raw materials for the production of alcohols due to volatility in the prices of petroleum-based raw materials and increased demand for sustainable products.
According to the report, scarcity of non-renewable resources is a major factor contributing to market growth. Fluctuation in the prices of crude oil is also leading to the replacement of traditional petroleum-based production of alcohols with bio-based production. Bio-alcohols also have less negative impact on the environment.
Further, the report states that there are issues concerning the availability of raw materials, especially in countries such as Germany and the US.
Other Prominent Vendors
- Harvest Power
- Mitsubishi Chemicals
For more information visit http://www.researchandmarkets.com/research/jkxfdg/global
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SOURCE Research and Markets