The North American Region Led the Bioethanol Market

As per a statement by a market research institution, P&S Intelligence, the bioethanol market is growing rapidly and it will continue like this in the years to come.

The growth in the industry is credited to the depletion of natural resources, excessive greenhouse gas production, increasing consumption of energy, and the requirement for sustainable alternative fuels.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/bioethanol-market/report-sample

In the past few years, North America generated the highest revenue and it will lead the industry in the years to come. This is ascribed to the massive production of bioethanol in the region to meet the customer's demand.

Moreover, Canada and the U.S. have mandated the adoption of bioethanol blends in automobiles. Apart from this, the increasing production of corn-based bioethanol, the rising focus on energy efficiency, and the increasing crop production are boosting the growth of the bioethanol industry.

In the past few years, the E10 category accounted for the dominating share of the industry. This is because this fuel blend can be used in light-duty diesel vehicles and most new cars without any modification in the engine or fuel system.

Based on feedstock type, the solid category held the largest share in the past few years, and it will witness a substantial growth rate in the years to come. This is because the ethanol produced from sugarcane is a sustainable fuel, and produced 90% lower direct emissions compared to diesel or gasoline.

The transportation category held the largest bioethanol market share in recent years, and it will maintain its position throughout this decade. This is mainly because of the biofuel blending regulation and the increasing implementation of bioethanol as a transportation fuel.

A key trend observed in the industry is the increasing research and development activities for sustainable production approaches of bioethanol. To successfully substitute diesel and petrol with bioethanol, various projects have been initiated.

One of the key factors leading to the growth of the industry is the depletion of natural resources as a result of high energy consumption. Non-renewable resources are used in the production of energy, and they are depleting at a rapid pace.

Browse the full report at: https://www.psmarketresearch.com/market-analysis/bioethanol-market

Natural resources need to be used more efficiently, to sustain the demand across the globe. Bioethanol is a promising alternative fuel because it is mainly produced by fermenting sugars derived from starch-containing crops.

In the past few years, the industry players have been involved in geographical expansions to gain a significant position.

It is because of the increasing number of biofuel policies, increasing research and development, and the rising adoption of bioethanol as transportation fuel, the industry of bioethanol will continue to grow in the years to come.

About P&S Intelligence

P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blogs: https://worldwideanalysistrends.blogspot.com/
Follow Us: https://www.linkedin.com/company/pnsintelligence/

This release was published on openPR.