London, 19 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global bio-alcohols market 2015-2019, which is expected to grow at CAGR of 9% during the forecast period of 2014-2019.
“Growing awareness of the need for greener environments and sustainable development is expected to help the market grow,” says Faisal Ghaus, Vice President of Technavio.
“Volatile changes in the prices of petroleum-based raw materials and increased demand for sustainable products have encouraged manufacturers of chemicals to use bio-based raw materials for the production of alcohols.”
Key Market Drivers
- Scarcity of non-renewable resources
- Rising cost of crude oil
- Reduced carbon footprint
Key Market Trends
- Environmental awareness
- Growth in emerging economies
- Advances in technology
Key Market Vendors
- BioAmber
- Braskem
- Cargill
- Myriant
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
