DUBLIN--(BUSINESS WIRE)--The "Bioethanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global bioethanol market reached a value of US$ 8.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 13.9 Billion by 2027, exhibiting a CAGR of 8.12% during 2021-2027.
Companies Mentioned
- Abengoa S.A.
- Archer-Daniels-Midland Company
- BP plc
- Cristalco (Cristal Union)
- CropEnergies AG (Sudzucker AG)
- Flint Hills Resources LLC (Koch Industries Inc.)
- Green Plains Inc.
- Honeywell International Inc.
- INEOS Capital Limited
- Petroleo Brasileiro S.A.
- POET LLC
- Royal Dutch Shell plc
- Valero Energy Corporation
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Bioethanol is a clear, colorless liquid produced from biomass by hydrolysis and sugar fermentation or using the chemical process of reacting ethylene with steam. It is biodegradable, less toxic, and does not cause environmental pollution as compared to conventional fuels.
Consequently, it is gaining traction as a petrol substitute for road transport vehicles around the world. It is blended with petrol without modifying engine designs, which results in reduced greenhouse gas (GHG) emissions and air pollution. Presently, the ongoing research and development activities to produce bioethanol fuel using municipal solid waste are escalating the demand for bioethanol worldwide.
The suburbanization trend and boosting sales of passenger vehicles across the globe on account of inflating disposable incomes represent one of the key factors influencing the market positively. Moreover, the growing environmental concerns among individuals are driving the demand for bioethanol as an alternative to fossil fuels.
Apart from this, improving road transport networks are resulting in the increasing use of commercial vehicles. As these vehicles contribute disproportionately to air pollution and congestion, government bodies of numerous countries are implementing stringent regulations to minimize pollutant emissions and encourage the adoption of bioethanol. In addition, bioethanol finds application in existing engines to reduce the amount of carbon monoxide, thereby assisting in improving the overall air quality.
Furthermore, as it is skin-friendly and harmless for the health and environment, bioethanol is widely used as a carrier and solvent in cosmetics and personal care products across the globe. It is also employed in the pharmaceutical industry as a major ingredient for formulating drugs, cough syrups, medicinal capsules, and disinfectants. Moreover, it is gaining traction in the food and beverage (F&B) industry as a flavor enhancer.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global bioethanol market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, fuel blend, generation and end use industry.
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
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
Key Questions Answered in This Report:
- How has the global bioethanol market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global bioethanol market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the fuel blend?
- What is the breakup of the market based on the generation?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global bioethanol market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/e1u2q
