Press release
Bioethanol market is projected to reach a value of US$ 96,033.8 Mn in 2026
Bioethanol is mostly manufactured through fermentation of sugar derived crops containing starch such as sugar cane, corn, wheat, sorghum plants, etc., It is mostly used in fuel industry as an additive to petrol. Blending of ethanol with petrol oxygenates the mixture, that helps it burn completely and reduces the greenhouse gas emissions.
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Global Bioethanol Market: Market Dynamics
Growing awareness about biofuels is expected to have a positive impact on the bioethanol market. Governments of various regions have mandate the blending of petrol. Bioethanol when mixed with petrol it helps in reduction of greenhouse gas emissions and improves the efficiency of the fuel. Depleting levels of crude oil along with fluctuating prices of crude oil is expected to boost the bioethanol market.
However, bioethanol has long process from growing of plants to distillations process which rises the production cost and affects the environment by emitting large amount of carbon dioxide in air. High production cost of bioethanol is expected to hamper the growth of the market.
Various government policies regarding the blend of fuel to be used and growing agribusiness is expected to boost the production and consumption of bioethanol. To promote the production of ethanol the governments of various countries provide subsidies.
Global Bioethanol Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global bioethanol market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global bioethanol market is expected to expand at a moderate CAGR of 5.3% during the forecast period.
Global Bioethanol Market: Segmental Snapshot
The market report has been segmented on the basis of type, blend, application, and region. The types segment includes corn-based ethanol, sugar-based ethanol, and other. The blend segment includes E10, E15 to E70, and E75 to E85. The application segment includes transportation, alcoholic beverages, pharmaceutical and others (personal care products, paints, printing inks, etc.,). The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By type: The corn-based ethanol segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register a CAGR of over 5.6% between 2017 and 2026.
By blend: The E15 to E70 segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register a CAGR of over 5.4% between 2017 and 2026.
By application: The transportation segment is projected to account for highest revenue share as compared to that of other application segment, and register a CAGR of 5.5% over the forecast period.
By region: The market in North America accounted for highest revenue share in the global bioethanol market in 2016, and is expected to register a CAGR of over 5.6% between 2017 and 2026 owing to the presence of prominent bioethanol manufacturers in the region.
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Global Bioethanol Market: Competitive Analysis
The research report on the global bioethanol market includes profiles of some of major companies such as Archer Daniels Midland Company, POET LLC, Green Plains Inc., Valero Energy Corporation, Flint Hills Resource, Abengoa Bioenergy SA, Royal Dutch Shell plc, Pacific Ethanol, Inc., Petrobras, and The Andersons.
The Global Bioethanol Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017-2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Global Bioethanol Market for 2017-2026.
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