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Bioethanol Market Size, Demand, Key Trends, Insights, Analysis 2024-2033
Bioethanol Market Size
As per the report, the bioethanol market size has grown rapidly in recent years. It will grow from $41.55 billion in 2023 to $46.5 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The bioethanol market size is expected to see rapid growth in the next few years. It will grow to $72.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
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Growing Environmental Concerns Propel Bioethanol Market Growth
The rise in environmental concerns is expected to propel the growth of the bioethanol market going forward. Environmental concerns refer to the worry about the quality of air, water, and soil in the natural environment. The use of bioethanol has had a positive effect on the environment, which diminishes the emission of exhaust gases and will improve the work of transport facilities and energy safety. For instance, according to the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, CO2 emissions in India are expected to rise 50% by 2040. Therefore, the rise in environmental concerns will drive the growth of the bioethanol market.
Bioethanol Market Leaders Embrace Technological Innovation For Sustainable Production
Major companies in the bioethanol market are focusing on new technologies and developing technologically advanced products to grow in the market. For example, in July 2021, MicroBioGen, an Australian biotech company, unveiled and demonstrated the production of both high-protein food and low-carbon bioethanol from non-food material using a single biological agent. The development of this technology is to enhance a genetically modified version of the common yeast, Saccharomyces cerevisiae. MicroBioGen's technology, developed in Australia in collaboration with its global partner Novozymes, provides a technological solution to the problem of producing low-carbon fuels while also increasing food production.
The bioethanol market covered in this report is segmented -
1) By Type: Corn-Based Ethanol, Sugarcane-Based Ethanol, Cellulosic Ethanol, Other Types
2) By Blend: E10, E20 And E25, E70 And E75, E85, Other Blends
3) By Production Technology: Dry Mill, Wet Mill
4) By Application: Automotive And Transportation, Food And Beverage, Pharmaceutical, Cosmetics And Personal Care, Other Applications
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Major companies operating in the bioethanol market report are CropEnergies AG, Valero, Green Plains, Archer-Daniels-Midland Company, Tereos SCA, Raízen, Cristalco, Abengoa Bioenergy, POET, Alto Ingredients, Bajaj Hindusthan Sugar Ltd, Balrampur Chini Mills Ltd, Dalmia Bharat Sugar and Industries Ltd, Shree Renuka Sugars Ltd, Chengzhi shareholding Co.Ltd, SDIC Jilin Alcohol, Henan Tianguan, Triveni Engineering and Sugar Industries, Bio-Concept Altmark GmbH, Brenntag SE, Caldic Deutschland Chemie B.V, ESM GmbH, IKO Import Klaus Otte GmbH, Benedomi GmbH, S3 Chemicals, Kamin-Kachelofen Kruse, IMA POLSKA SPÓ?KA AKCYJNA, Sovetskiycellulozno-bumajniyzavod, ???, KRAKCHEMIA SA, Alcoholera de Zapopan, LyondellBasell Industries, Absolute Energy LLC, Ace Ethanol LLC, Adkins Energy LLC, Al-Corn Clean Fuel LLC, Alto Ingredients Magic Valley Inc, Amber Wave, Alto Ingredients Columbia Inc, Biogas world, Biogas Avellaneda, Borregaard, Alcotra, Cremer OLEO, Praj Industries, W.R.Grace, Lootah Biofuels, Nuberg, Dubizzle, OMV, BBGI Bioethanol Public Company Limited, EcoSmart Fire, Neutral Fuels, Koko Networks, SMEFUNDS - GEB, Green Energy Biofuels, Kiri Dyes and Chemicals Limited, Biogen Kenya
Contents of the report:
1. Executive Summary
2. Bioethanol Market Report Structure
3. Bioethanol Market Trends And Strategies
4. Bioethanol Market - Macro Economic Scenario
5. Bioethanol Market Size And Growth
…..
27. Bioethanol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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