The global Bioethanol market has grown significantly in the past years and is expected to grow at a healthy CAGR of 13.11% during the forecast period until 2030.
A liquid biofuel called bioethanol has the potential to minimize harmful emissions from cars and other greenhouse gases. It is a source of renewable energy. Corn, soybeans, wheat straw, switchgrass, sugarcane, woodchips, microalgae, and other raw materials are utilized to produce bioethanol. It is manufactured by a microbial fermentation process which involves less intake of energy and by-product CO2 helps in reducing greenhouse gas emissions and can be used as a recycled carbon source for the cultivation of microalgae. The production of Bioethanol includes pre-treatment to separate lignin and hemicellulose from cellulose; hydrolysis of cellulose to obtain fermented sugars; fermentation in order to convert sugars into ethanol which is followed by distillation to separate and purify the ethanol. Although, the Chemical reaction between Ethylene and steam can also be used for the manufacturing of Bioethanol fuels. The most common fuel blend is 90% petrol and 10% ethanol.
Bioethanol is employed used as a petrol additive in the fuel industry. Bioethanol has high-octane rating which helps the ratios of high engine compression and increases engine efficiency and performance. The fuel mixture gets oxygenated by blending ethanol with petrol which as a result reduces the harmful emissions and burns completely. Bioethanol is considered one of the most promising sustainable biofuels as it significantly contributes to reducing harmful emissions. Additionally, Bioethanol is also used as a fuel in power generation, as key feedstock for manufacturing chemicals, the pharmaceutical industry, and in petrol engines as a substitute for gasoline. Furthermore, the growing demand for bioethanol from the alcoholic beverages segment from major developing countries is anticipated to further contribute to the Bioethanol market expansion in the upcoming years. Although, the transportation industry is the major driver for the bioethanol market and is anticipated to remain so even in the forecast period.
Based on region, North America is dominating the Bioethanol market. Because of the strict environmental regulations imposed by the government, bioethanol is utilized as a substitute for regular gasoline in this region. Furthermore, North America also leads in terms of producing Bioethanol. This region is anticipated to retain its dominance in the upcoming years as well due to the rapid expansion of corn-based bioethanol production, higher crop yields, and a growing focus on energy efficiency and renewability.
Based on the end-user industry, the global Bioethanol market is segmented into Transportation, Pharmaceutical, Alcoholic Beverages, Power Generation, and Others. Among these, the transportation sector is the leading sector and is anticipated to stay so in the forecast year as well. Bioethanol is comparatively cheaper than gasoline and produces zero-carbon emissions which are majorly producing the demand for Bioethanol in the transportation sector.
Major players in the production of Global Bioethanol are The Andersons, Petrobras, POET LLC, Valero Energy Corporation, Flint Hills Resource, Pacific Ethanol, Inc., United Breweries, Aventine Renewable Energy, AB Miller, Archer Daniels Midland Company, Pure Energy Inc., British Petroleum., Cargill Corporation and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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Objective of the Study:
• To assess the demand-supply scenario of Bioethanol which covers production, demand and supply of Bioethanol market in the globe.
• To analyse and forecast the market size of Bioethanol
• To classify and forecast Global Bioethanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Bioethanol market in the globe.
To extract data for Global Bioethanol market, primary research surveys were conducted with Bioethanol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Bioethanol market over the coming years.
ChemAnalyst calculated Bioethanol demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Bioethanol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Bioethanol manufacturers and other stakeholders
• Organizations, forums and alliances related to Bioethanol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Bioethanol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Bioethanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Growth Rate
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CAGR of 13.11% from 2023 to 2030
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2030
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2030
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Report coverage
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Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
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Segments covered
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By End-Use: (Transportation, Pharmaceutical, Alcoholic Beverages, Power Generation, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com