Bioethanol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

[Online Quarterly Update] Global Bioethanol Market has witnessed a considerable growth in historic period and is anticipated to achieve to a healthy CAGR of 6.32% during the forecast period. Bioethanol is a liquid biofuel which is a form of renewable energy that provides the potential to reduce hazardous emission from automobile and other greenhouse gases. Raw materials that are used to produce Bioethanol include corn, soybeans, wheat straw, switchgrass, sugarcane, woodchips, microalgae and others. It is manufactured by microbial fermentation process which involves the less intake of energy and by-product CO2  helps in reducing the 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, Chemical reaction between Ethylene and steam can also be used for the manufacturing of Bioethanol fuels. Most common fuel blend is 90% petrol and 10% ethanol. It is widely used as an additive for petrol in the fuel industry as it contains high-octane rating which enables the ratios of high engine compression thus, increases engine efficiency and performance. The fuel mixture gets oxygenated by blending ethanol with petrol so that it reduces the harmful emissions and burns completely. The growing demand in the production of bioethanol have crucially reduced the use of petroleum. It is considered as one of the most promising sustainable biofuels as it crucially contributes in reducing the harmful emissions. It is widely used as a fuel for power generation, key feedstock for chemical companies, pharmaceutical industry and in petrol engines as a substitute for gasoline. Its growing demand in alcoholic beverages segment from major developing countries is likely to augment the Bioethanol market in the upcoming years. However, the transportation industry is the major growth driver for the bioethanol market worldwide. 

 

In 2020, due to the onset of COVID-19, There was decline in the overall growth of  global Bioethanol market. The global supply chain of Biofuels around the world were hampered. However, domestic production of Bioethanol has significantly increased during the global crises. Sales and production opportunities for hand and surface disinfectants contributed to the positive development of the domestic Bioethanol industry.

 

Region wise, Asia Pacific region holds the maximum share of the global Bioethanol market followed by North America. Due to its growing demand for various applications in fuel and industrial solvents, there is expected a boost in the Bioethanol market during the forecast period. The massive consumption of Biofuels in automobile industry by Brazil in Latin America has led to increase the tax on imported Ethanol which will positively impact the Bioethanol market worldwide. 

 

Years considered for this report:

 

Historical Period: 2015-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2030

 

Objective of the Study: 

 

• To assess the demand-supply scenario of Bioethanol which covers production, demand, and supply of Bioethanol market globally.

• To analyse and forecast the market size of Bioethanol.

• To classify and forecast global Bioethanol market based on technology, end-use and regional distribution.

• To identify drivers and challenges for global Bioethanol market.

• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Bioethanol  market.

• To identify and analyse the profile of leading players involved in the manufacturing of Bioethanol