Bioethanol Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMEP441 | Last Updated On: Jul 07 2022 | Available Formats

> Global Bioethanol Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Bioethanol Market is segmented By Feedstocks ( Starch and Sugar-Based, Cellulosic), By Blend Type (E5, E10, E15 to E70, E75 to E85, Other Blends), By End- User (Automotive, Alcoholic Beverages, Pharmaceuticals, Power Generation, Industries (Cosmetic and Chemical), Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Bioethanol Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).

  • Bioethanol is renewable energy majorly derived from sugar, corn, maize, wheat crops, and many other crops.

  • It is biodegradable, less toxic, and produces a negligible amount of harmful gases. Additionally, bioethanol has a high octane level and is hence used as a substitute for petrol for transportation.

  • Bioethanol is identified as the most used biofuel worldwide since it significantly contributes to the reduction of crude oil consumption and environmental pollution. It can be produced using various feedstocks such as cellulose, starch, and sugarcane through fermentation and chemical processes.

  • It is an attractive alternative to conventional fuel sources, which can be used in various end-use industries such as automotive, chemical, power generation, and cosmetics.

Drivers and Restraints

  • The primary drivers for increasing bioethanol production are less expensive raw materials, industrial pre-treatment technologies, in-house cellulose production with high and efficient titers, high ethanol fermentation rates, downstream recovery of ethanol, and maximum by-products utilization.

  • Also, Bioethanol is a better alternative to fossil fuel sources owing to its high octane value and lower greenhouse gas emissions. Increasing demand for fuel and the need to reduce the greenhouse gas effect is also propelling the growth of the bioethanol market. Fluctuating oil prices and rising dependence on conventional sources will drive the bioethanol market.

  • On the other side, For growing crops a large amount of arable land is needed, this could see some natural habitats destroyed including rainforests, This is to be a significant restrictive factor for the market growth.

Segmentation Analysis

  • By End-User, the global bioethanol market is bifurcated into Automotive, Alcoholic Beverages, Pharmaceuticals, Power Generation, Industries (Cosmetic, and Chemical), and Others.

  • Among all end-users, the automotive segment dominated the bioethanol market in 2018 in terms of value and volume.

  • Increasing consumption of power is likely to spur the use of ethanol in power plants and the chemical industry. Also, environmental regulations from the European Union and the U.S. will surge the market growth over the projected period.

  • On the other side, encouraging the use of this renewable resource is likely to impact the agricultural sector and rural economy on account of higher demand for fuel crops.

  • The global bioethanol market is further classified based on blend types such as E5, E10, E15 to E70, E75 to E85, and others. Also, the market is segmented by feedstock which includes Starch & Sugar-Based and Cellulosic.

Geographical Share

  • Geographically, the global bioethanol market has been segmented into North America, Latin America, Europe, Asia-pacific, and Others. Among all the regions, North America is the largest market for bioethanol and will grow substantially over the forecast period about government and environmental regulations, particularly in the U.S.

  • Additionally, technological advancements and the rapidly growing automotive industry are predicted to contribute significantly over the next seven years towards rising consumption in this region.

  • Further, Latin America will provide an enormous opportunity for the bioethanol market owing to the availability of arable land and high soil fertility, particularly in Brazil and Columbia. The high production of sugar cane in Brazil is likely to increase the production of these fuels in this region.

  • The global bioethanol market is fragmented with a large number of local and international players. However, Petrobras, DuPont, and Royal Dutch Shell Plc. are the leading suppliers of bioethanol in the world. These three Companies combine hold around 20% of the total market.

Reasons for purchasing this report

  • Visualize the composition of the Bioethanol market across each indication, regarding the type, product type, and applications, highlighting the critical commercial assets and players.

  • Identify business opportunities in the Bioethanol market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of the Bioethanol market-level 4/5 segmentation.

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the essential Bioethanol market products of all major market players.

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