Bioethanol Market Size, Share, Growth, Trends and Forecast 2022-2027

According to the latest report by IMARC Group “Bioethanol Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027″, offers a comprehensive analysis of the industry, which comprises insights on the global bioethanol market analysis. The global bioethanol market reached a value of US$ 8.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2027, exhibiting a CAGR of 8.3% during 2022-2027.

Bioethanol is a clear, colorless biofuel produced from biomass by hydrolysis and sugar fermentation or through the chemical reaction of ethylene with steam. It is biodegradable, less toxic, and more environment-friendly as compared to conventional fuels. It is consequently gaining traction as a petrol substitute in vehicles across the globe for minimizing greenhouse gas (GHG) emissions and air pollution.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

Rapid urbanization, inflating disposable incomes, and a significant increase in the sales of passenger vehicles around the world are among the key factors positively influencing the market. Moreover, rising environmental concerns among the masses are catalyzing the demand for the product as an alternative to fossil fuels. Apart from this, governments of various countries are introducing stringent regulations to reduce emissions of harmful gas. They are also promoting the adoption of bioethanol due to its high-octane value and lower carbon monoxide emissions. These initiatives are projected to impel market growth.

Breakup by Type:

Sugarcane-based Ethanol

Cellulosic Ethanol

Starch-based Ethanol

Others

Breakup by Fuel Blend:

E10

E20 and E25

E70 and E75

E85

Others

Breakup by Generation:

First Generation

Second Generation

Third Generation

Breakup by End Use Industry:

Automotive and Transportation

Power Generation

Pharmaceutical

Food and Beverage

Cosmetics and Personal Care

Others

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

Competitive Landscape with Key Player:

Abengoa SA

Archer-Daniels-Midland Company

BP plc

Cristalco (Cristal Union)

CropEnergies AG (Sudzucker AG)

Flint Hills Resources (Koch Industries Inc.)

Green Plains Inc.

Honeywell International Inc.

INEOS Capital Limited

Petroleo Brasileiro SA

POET LLC

Royal Dutch Shell plc

Valero Energy Corporation.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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