Press release
Bioethanol Market Size to Surpass US$ 13.9 Billion by 2027, at a CAGR of 8.3%
Bioethanol is a clear, colorless biofuel produced from biomass by hydrolysis and sugar fermentation or through the chemical reaction of ethylene with steam. It is biodegradable, less toxic, and more environment-friendly as compared to conventional fuels. It is consequently gaining traction as a petrol substitute in vehicles across the globe for minimizing greenhouse gas (GHG) emissions and air pollution.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Rapid urbanization, inflating disposable incomes, and a significant increase in the sales of passenger vehicles around the world are among the key factors positively influencing the market. Moreover, rising environmental concerns among the masses are catalyzing the demand for the product as an alternative to fossil fuels. Apart from this, governments of various countries are introducing stringent regulations to reduce emissions of harmful gas. They are also promoting the adoption of bioethanol due to its high-octane value and lower carbon monoxide emissions. These initiatives are projected to impel market growth.
Breakup by Type:
Sugarcane-based Ethanol
Cellulosic Ethanol
Starch-based Ethanol
Others
Breakup by Fuel Blend:
E10
E20 and E25
E70 and E75
E85
Others
Breakup by Generation:
First Generation
Second Generation
Third Generation
Breakup by End Use Industry:
Automotive and Transportation
Power Generation
Pharmaceutical
Food and Beverage
Cosmetics and Personal Care
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Abengoa S.A.
Archer-Daniels-Midland Company
BP plc
Cristalco (Cristal Union)
CropEnergies AG (Sudzucker AG)
Flint Hills Resources (Koch Industries Inc.)
Green Plains Inc.
Honeywell International Inc.
INEOS Capital Limited
Petroleo Brasileiro S.A.
POET LLC
Royal Dutch Shell plc
Valero Energy Corporation.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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