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Bio Ethanol Market Industry Development Scenario and Forecast to 2025

01-16-2020 07:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Kenneth Research

Bio Ethanol Market Industry Development Scenario and Forecast

Bioethanol is a substitute for conventional fuel sources such as petrol and other gasoline used for road transport vehicles owing to its low greenhouse gas emissions and high octane value. Bioethanol can be extensively used as a fuel for power generation, as a transportation fuel, in fuel cells, feedstock in chemical industry, in cogeneration systems, and owing to its easy availability and clean burning process in manufacturing processes.

The main sources for the production of bioethanol are energy crop such as maize, corn, waste staw, wheat crops, saw dust, willow, cord grasses, reed canary grass, sorghum plants, myscanthus, and jerusalem artichoke among others.

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One of the major factor which is expected to increase the demand for bioethanol is increasing demand for renewable energy source. Bioethanol is a is produced from biomass by sugar fermentation and chemical processes which forms an attractive alternative to conventional fuel coupled with decreasing conventional resources of energy.

According to International Energy Agency (IEA), in 2016, renewable source of energy accounted for two-third of the net power capacity with 165 gigawatts of power capacity compared to other sources. Hence, increasing awareness towards renewable sources of energy is expected to fuel the global bioethanol market during the forecast period.

North America is expected to hold the largest share in the global bioethanol market during the forecast period. Various regulations such as E15 regulations and the Federal Reformulated Gasoline (RFG) is expected to fuel the use of bioethanol in various sectors such as transportation, aerospace among others.

The Energy National Bioethanol Program by the U.S. Department of Energy (DOE) is expected to reduce the cost of bioethanol by 25% as more emphasis is given to technology for producing more of ethanol from biomass with integrated production processes. In Canada, a federal mandate of a 5% renewable fuel content (i.e. gasoline must be blended with bioethanol), that came into effect in 2010.

According to Canada’s National Energy Board, consumption of all renewable biofuels including biodiesel and bioethanol, contributed around 1.1% of total transportation fuel used in 2009 and is projected to triple to 3.3% by 2035. Owing to these factors, the North America bioethanol market is expected to gain highest traction for the global bioethanol market during the forecast period.

Read More:- https://www.kennethresearch.com/report-details/bio-based-pet-market/10220955

Key players operating in the field of still wine include The Archer Daniels Midland Company, Südzucker, Wilmar International, Poet Llc, among others.

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Name: David
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609

About Kenneth Research:-
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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