[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
Some of the major key players operating in the global Bioethanol market 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.
To extract data for the global Bioethanol market, primary research surveys were conducted with Bioethanol manufacturers, suppliers, distributors, wholesalers, and Applications. 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 Applications segments and projected a positive outlook for the global Bioethanol market over the coming years.
ChemAnalyst calculated Bioethanol Demand globally by analyzing the historical data and demand forecast which was carried out considering imported Acrylonitrile, Bioethanol, styrene prices, monomers used for production of Bioethanol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by 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:
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Market, by Blends
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E10, E15, E20, E25, E30, E40 and Others
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Market, by Application
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Automotive, Power Generation, Pharmaceutical, Alcoholic Beverages, Residential & Commercial Heating and Others
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Market, by Sales Channel
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Direct Company Sale, Direct Import, Distributors & Traders, Retailers
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Market, by Region
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North America, APAC, Europe, MEA, South America
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Competitive Landscape:
ChemAnalyst offers detailed analysis of major players including basic company details, segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis, etc.to give a comprehensive and meaningful insights on the respective product market.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. The following customization options are available for the report:
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
