Bioethanol Market Size Cross to Revenue US$ 13.9 Billion by 2027 | CAGR of 8.3%

According to the latest report by IMARC Group "Bioethanol Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027″, The global bioethanol market share reached a value of US$ 8.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2027, exhibiting a CAGR of 8.3% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Bioethanol is a type of fuel produced by converting biomass through hydrolysis and sugar fermentation processes. It can also be synthesized through the reaction of ethylene with steam. It appears as a clear, colorless liquid that is biodegradable, environmentally friendly, and less toxic than traditional fossil fuels. It can be blended with petrol without requiring any modifications to the engine. At present, bioethanol is gaining immense traction across the globe as it helps to reduce air pollution and greenhouse gas (GHG) emissions.

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Bioethanol Market Trends:

The global bioethanol market is primarily driven by the rising sales of passenger vehicles due to inflating consumer disposable incomes. Moreover, the escalating demand for bioethanol as an alternative to fossil fuels owing to increasing environmental concerns is positively influencing the market growth. Additionally, governments of numerous countries are imposing stringent regulations to reduce pollutant emissions and promote the adoption of bioethanol, which in turn has catalyzed market growth. Along with this, the rising use of commercial vehicles due to improved road transport networks has augmented product demand. Furthermore, the increasing use of bioethanol in cosmetics and personal care products, as it is skin-friendly and harmless to health and the environment, is contributing to market growth. Other factors, including the rising use of bioethanol in the food and beverage industry as a flavor enhancer, the emerging trend of suburbanization, and surging product adoption in the pharmaceutical industry, are also anticipated to drive the market further.

Report Segmentation:

The report has segmented the market into the following categories:

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:

Abengoa S.A.
Archer-Daniels-Midland Company
BP plc
Cristalco (Cristal Union)
CropEnergies AG (Südzucker AG)
Flint Hills Resources
LLC (Koch Industries, Inc.)
Green Plains Inc.
Honeywell International Inc.
INEOS Capital Limited
Petróleo Brasileiro S.A.
POET LLC
Royal Dutch Shell plc
Valero Energy Corporation

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