Global Bioethanol Market is likely to showcase robust growth owing to reducing reliance on conventional fuels
- Himanshu Patni
- November 18, 2021
- ENERGY & POWER, NEWS
- Bioethanol Market, Bioethanol Market growth, Bioethanol Market share, Bioethanol Market size, Bioethanol Market trends
- 0 Comments
The global bioethanol market was stood around $30 billion in 2020 and is expected to showcase double digit growth during the forecast period (2021-2027). Growing industrial sector paired with rising support of government policies to reduce carbon emissions this would increase the overall demand for bioethanol.
Bioethanol is currently being considered as a potential replacement for conventional gasoline, particularly because it has similar and some superior properties that allow the reduction of greenhouse gases and increase fuel reserves. Bioethanol, which is used for commercial purposes, is generally made from edible raw materials such as corn and sugar cane. However, owing to high cost of these raw materials, large investment in R&D is currently going on, to produce a more efficient cost-effective product. This would, result in the larger adoption of bioethanol among various settings.
During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown which led people to minimize the usage of personal vehicles, thus, creating a negative impact on the demand for ethanol-blended gasoline fuel, which, in turn, negatively impacted the bio-ethanol market’s demand.
For a detailed analysis of the Covid-19 Impact on the industry browse through – https://univdatos.com/report/bioethanol-market/
- Based on feedstock, the market is segmented into starch based, sugar based, cellulose based, and others. Among them, sugar and starch based bioethanol hold a lucrative market share. This is mainly owing to government focuses on increasing crop cultivation which are extensively used in bioethanol production. In India, according to NITI Aayog report, government is encouraging use of water-sparing crops, such as maize, to produce ethanol by biological ways.
- Based on fuel blend, the market is divided into E5, E10, E15 to E70, E75 & E85, and other blends. Among these, E10 held a considerable market share in 2020. Further, countries are focusing to increase the blend bioethanol in gasoline which would result into lower carbon emissions, better air quality, self-reliance, use of damaged food grains, increased farmers’ incomes, employment generation.
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For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. In terms of value, North America is projected to hold a considerable market share in bioethanol market during the forecast period due to the large scale production and demand for bioethanol in the region. Government regulations regarding use of ethanol blend would also propel the market size of bioethanol. In addition to this, availability of surplus raw material for producing bioethanol is also driving the market in the region.
Global Bioethanol Market Segmentation
Market Insight, by Feedstock
- Starch based
- Sugar based
- Cellulose based
Market Insight, by Fuel Blend
- E15 to E70
- E75 & E85
Market Insight, by End User
- Alcoholic Beverages
Market Insight, by Production Technology
- Dry Mill
- Wet Mill
Market Insight, by Region
- North America Bioethanol Market
- United States
- Rest of North America
- Europe Bioethanol Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Bioethanol Market
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Abengoa Bioenergy S.A.
- Archer Daniels Midland Company
- British Petroleum PLC.
- Bluefire Ethanol Fuels Inc.
- Cropenergies AG
- E. I. DU PONT DE NEMOURS AND COMPANY
- Petróleo Brasileiro S.A.
- Poet LLC
- Royal Dutch Shell PLC
- Valero Renewable Fuels Company LLC