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Showing posts with the label Bio-Alcohol Market

Bio-Alcohol Market, Trends, Share, Industry Size, Growth, Demand, Opportunities and Forecast By 2030

 Introduction : As the world faces the pressing challenges of climate change and depleting fossil fuel reserves, the demand for renewable and sustainable energy sources has never been more crucial. In this context, the  bio-alcohol market  has emerged as a promising solution, offering numerous environmental and economic benefits. This article explores the growth and potential of bio-alcohol as a renewable energy source. Body: Bio-alcohol: An Overview : Bio-alcohol refers to a class of renewable energy sources derived from biomass, such as agricultural crops, forest residues, and organic waste. Ethanol and methanol are the two primary types of bio-alcohols widely used today. These alcohols can be produced through various processes, including fermentation and chemical synthesis. Unlike fossil fuels, bio-alcohols are considered carbon-neutral as the carbon  silicon dioxide  released during their combustion is offset by the carbon dioxide absorbed by the biomass during growth. Envir

Bio-Alcohol Market | Value Growth, share, Growth Analysis, Segment Scope, Emerging Innovations and Forecast

  Bio alcohol Market   - Overview The global  Bio Alcohol Market  is growing with the rapid pace; mainly due to the expanding transportation sector.  According to a recent study report published by the Market Research Future, the global market of bio alcohol is prospering and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).  Globally, the market for bio alcohol is driven by the region North America, owing to implementation of stringent rules and regulations in alcoholic beverages, cosmetics and pharmaceutical industries, among others. Bio alcohol is extensively used as an alternative fuel in transportation sector due to its enhanced efficiency and optimal performance offered by the product. Moreover, the emission of greenhouse gases are reduced immensely due to adoption of biofuel in vehicles and