Author: Himanshu Patni
18 November 2021
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/
Request for Sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=11062
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
Market Insight, by Fuel Blend
Market Insight, by End User
Market Insight, by Production Technology
Market Insight, by Region
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