Overview and Scope
Bioethanol refers to the processing and manufacturing of ethanol from agricultural materials (like corn or sugar cane) and is utilized as an additional fuel source. Bioethanol is an alcohol created by microbial fermentation mostly from carbohydrates produced in plants that contain sugar or starch, such as corn, sugarcane, sweet sorghum, or lignocellulosic biomass.
Sizing and Forecast
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 growth in the historic period can be attributed to increased demand for clean energy sources, increasing fuel costs, growing demand from the automotive and transportation sectors, emerging markets growth..
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%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, shift to alternative sources of power generation, favorable regulations for blending ethanol, increasing research and development (r&d) activities, and increasing global awareness to reduce greenhouse gas emissions. Major trends in the forecast period include investing in second-generation bioethanol, use of artificial intelligence, new plant expansions, collaborations and acquisitions, technological advancement, and product innovations..
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Segmentation & Regional Insights
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
North America was the largest region in the bioethanol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioethanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting 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.
Key Industry Players
Major companies operating in the bioethanol market report are CropEnergies AG, Valero, Green Plains, Archer-Daniels-Midland Company, Tereos SCA, RaÃzen, 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
The bioethanol market report table of contents includes:
1. Executive Summary
2. Bioethanol Market Characteristics
3. Bioethanol Market Trends And Strategies
4. Bioethanol Market – Macro Economic Scenario
5. Global Bioethanol Market Size and Growth
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31. Bioethanol Market Other Major And Innovative Companies
32. Global Bioethanol Market Competitive Benchmarking
33. Global Bioethanol Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bioethanol Market
35. Bioethanol Market Future Outlook and Potential Analysis
36.Appendix
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