Bioethanol Market Size to Reach US$ 13.9 Billion 2022-2027 - IMARC Group

According to the latest report by IMARC Group “Bioethanol Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027″, 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.

Report Segmentation:

The report has segmented the market into the following categories:

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 S.A.
• 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 S.A.
• POET LLC
• Royal Dutch Shell plc
• Valero Energy Corporation.

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