바이오 알코올 시장 보고서 : 제품 유형, 원료, 용도, 지역별(2025-2033년)

The global bio-alcohols market size reached USD 15.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 33.7 Billion by 2033, exhibiting a growth rate (CAGR) of 8.63% during 2025-2033. The market is primarily driven by increasing environmental issues, government regulations promoting renewable energy, advancements in biofuel technologies, rising crude oil prices, and the growing demand for sustainable and eco-friendly alternatives in transportation and industrial applications.

Bio-Alcohols Market Overview:

Technological Advancements in Bio-Alcohol Production

Recent technological advancements have significantly impacted the bio-alcohol market. Innovations such as genetically modified microorganisms have enabled the production of bio-alcohol from non-food sources like waste materials and cellulose. Additionally, new fermentation processes have increased production yields, making bio-alcohol production more efficient and cost-effective. These advancements are crucial as they reduce dependency on food crops, thereby addressing food security concerns and promoting sustainability. Governments worldwide have also introduced policies to encourage the use of biofuels, contributing to market growth. For instance, the U.S. Department of Energy supports research and development in bioenergy technologies, emphasizing advancements in converting biomass into biofuels. Significant investments in R&D are expected to drive the bio-alcohols market revenue.

Growing Demand in the Transportation Sector

The transportation sector is the fastest-growing segment in the bio-alcohol market, driven by the need to reduce greenhouse gas emissions and improve air quality. Bio-alcohols like bioethanol and bio-methanol are increasingly used as renewable fuels in gasoline and diesel engines. Policies and regulations such as renewable fuel standards and biofuel blending mandates are being implemented globally, which boosts the demand for bio-alcohols. According to the U.S. Energy Information Administration, the Renewable Fuel Standard (RFS) program requires transportation fuel sold in the U.S. to contain a minimum volume of renewable fuels, which includes bio-alcohols. This regulatory support is expected to further propel the bio-alcohols market growth.

Regional Market Dynamics and Government Initiatives

The bio-alcohol market exhibits significant regional variations, influenced by local government policies and initiatives. Europe, for example, holds a substantial market share, driven by the European Union's targets to increase the use of renewable energy in transportation. The region's well-developed infrastructure for producing and distributing biofuels supports this growth. In Asia-Pacific, countries such as China and India are witnessing rapid market expansion due to the rising demand for alternative fuels and supportive government initiatives. For instance, India's National Policy on Biofuels aims to achieve a 20% ethanol blending target by 2025. Such initiatives are expected to drive substantial growth in the market across different regions and increase bio-alcohols demand.

Bio-Alcohols Market Segmentation:

Breakup by Product Type:

• Bio-Methanol
• Bio-Ethanol
• Bio-Butanol
• Bio-BDO
• Others

Bio-ethanol accounts for the majority of the market share

The bio-alcohols market report has provided a detailed breakup and analysis of the market based on the product type. This includes bio-methanol, bio-ethanol, bio-butanol, bio-BDO and others. According to the report, bio-ethanol represented the largest segment.

Bio-ethanol is the largest segment in the bio-alcohols market due to its widespread use as a renewable fuel. It is commonly blended with gasoline to reduce greenhouse gas emissions and enhance energy security. Bio-ethanol is also favored for its ability to be produced from various feedstocks, including corn, sugarcane, and cellulose, making it versatile and scalable. Government mandates and incentives play a significant role in driving demand. For example, the U.S. Environmental Protection Agency (EPA) mandates a renewable fuel standard, requiring a certain volume of renewable fuels, including bio-ethanol, to be blended into transportation fuel. This regulatory support, along with technological advancements, has solidified bio-alcohols market outlook.

Breakup by Raw Material:

• Grains
• Sugarcane
• Industrial Beets
• Biowaste
• Others

Grains holds the largest share of the industry

Grains hold the largest share of the market due to their abundant availability, cost-effectiveness, and high fermentable sugar content, which makes them optimal for bio-ethanol production. The efficient conversion of grains into bio-alcohols supports a sustainable energy source, reducing reliance on fossil fuels. According to the United States Department of Agriculture (USDA), in 2022, U.S. ethanol production totaled about 15.4 billion gallons, with a significant portion derived from corn, demonstrating the critical role that grains play in this industry. This prominence is further bolstered by advances in agricultural technology and bioprocessing methods, enhancing yield and efficiency, thereby significantly contributing to the growth and stability of the bio-alcohols market.

Breakup by Application:

• Transportation
• Construction
• Medical
• Power Generation
• Others

Transportation represents the leading market segment

Transportation represent the leading application segment due to the extensive use of bio-alcohols as renewable fuels. They help reduce greenhouse gas emissions and enhance energy security. Government mandates and incentives, such as the Renewable Fuel Standard (RFS) in the United States, require increasing volumes of biofuels to be blended with gasoline, boosting bio-alcohol demand in transportation applications. This, coupled with advancements in production technologies and the push for cleaner, sustainable fuel alternatives, solidifies the transportation sector as a key segment in the bio-alcohols market.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

North America leads the market, accounting for the largest bio-alcohols market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest regional market for bio-alcohols.

As per the bio-alcohols market research report, North America boasts a robust agricultural base, particularly in corn production, which is the primary feedstock for bio-ethanol. Additionally, strong regulatory support enhances market growth. The RFS mandates in the U.S. require increasing volumes of biofuels to be blended into the nation's fuel supply, further driving demand for bio-alcohols. The region's advanced infrastructure and technological advancements in bio-alcohol production also play crucial roles in increasing the market growth.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the bio-alcohols industry include BASF SE, Braskem SA, Cargill, Incorporated, DuPont de Nemours, Inc., Fulcrum BioEnergy, Inc., Genomatica, Inc., Harvest Power, Koninklijke DSM N.V., Lallemand Inc., Mitsubishi Chemical Holdings Corporation, PTT Global Chemical Public Company Limited, and Valero Marketing and Supply Company.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

• The bio-alcohols market is highly competitive, with several bio-alcohols companies driving innovation and expansion. Major companies are focusing on technological advancements, strategic partnerships, and expanding production capacities to maintain their market positions. For instance, on 22 July 2024, BASF SE has achieved ISCC+ certification across all its global major production sites for acrylics, alcohols, glycol ethers, and acetates, taking an important step to support customers in fulfilling their targets and ambitions. With this step, BASF is now able to produce more than 60 products related to this portfolio with one or more sustainability attributes.

Key Questions Answered in This Report

• 1.How big is the global bio-alcohols market?
• 2.What is the expected growth rate of the global bio-alcohols market during 2025-2033?
• 3.What are the key factors driving the global bio-alcohols market?
• 4.What has been the impact of COVID-19 on the global bio-alcohols market?
• 5.What is the breakup of the global bio-alcohols market based on the product type?
• 6.What is the breakup of the global bio-alcohols market based on the raw material?
• 7.What is the breakup of the global bio-alcohols market based on the application?
• 8.What are the key regions in the global bio-alcohols market?
• 9.Who are the key players/companies in the global bio-alcohols market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Bio-Alcohols Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product Type

• 6.1 Bio-Methanol
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Bio-Ethanol
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Bio-Butanol
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Bio-BDO
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast
• 6.5 Others
  • 6.5.1 Market Trends
  • 6.5.2 Market Forecast

7 Market Breakup by Raw Material

• 7.1 Grains
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Sugarcane
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Industrial Beets
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Biowaste
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Application

• 8.1 Transportation
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Construction
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Medical
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Power Generation
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Others
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 BASF SE
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 Braskem SA
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 Cargill, Incorporated
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 SWOT Analysis
  • 14.3.4 DuPont de Nemours, Inc.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Fulcrum BioEnergy, Inc.
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Genomatica, Inc.
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
  • 14.3.7 Harvest Power
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
  • 14.3.8 Koninklijke DSM N.V.
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
  • 14.3.9 Lallemand Inc.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
  • 14.3.10 Mitsubishi Chemical Holdings Corporation
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis
  • 14.3.11 PTT Global Chemical Public Company Limited
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
  • 14.3.12 Valero Marketing and Supply Company
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis