The global bioethanol market accounted for a value of 31.2 billion in 2019. Bioethanol market projected to register growth at a CAGR of 10.8% during forecast period.
COVID-19 has impacted bio ethanol market significantly. The manufacturing activities have been halted and the supply chain got disrupted. The transportation of raw material and finished products got disrupted due to travel restrictions within the country. The exports and import market has been affected due to international border closers.
For more details, visit: Global Bioethanol Market By Blend (E75 & E85, E85-E100), By End User (Pharmaceuticals, Alcoholic Beverages, Transportation, Cosmetics, Others), By Region–Forecast & Opportunities to 2026
Bioethanol is cheaper as compared to gasoline and helps in reducing carbon emission from vehicles which reduces pollution. This property has it very convenient and feasible for vehicles. This is likely to drive growth in bioethanol market during forecast period.
On the basis of fuel blend, the bioethanol market is segmented into E5, E10, E15-E70, E75 & E85 and E85-E100. The E10 fuel blend segment is estimated to register growth at highest CAGR during forecast period. The adoption of E10 bioethanol fuel has been increasing rapidly. In Europe, some countries have mandated use of the fuel in vehicles in order to reduce pollution due to emission. This fuel helps in reducing GHGs emission and many countries across the world are adopting E10 fuel rapidly. This is likely to drive growth in E10 fuel segment during forecast period.
On the basis of end-use, the bioethanol market is segmented into pharmaceuticals, transportation, alcoholic beverages, cosmetics and others. The transportation segment is estimated to register growth at highest CAGR during forecast period. Bioethanol is an environmental friendly gasoline alternative for vehicles. It is cheaper than gasoline. The bioethanol can be mixed in small amount with gasoline for preparing blends. This blend provides more efficiency while burning and helps in reducing carbon emission. This makes it more convenient for transportation sector and drives growth in this segment during forecast period.
North America region is estimated to hold largest market share during forecast period. The demand for gasoline alternative is increasing in this region rapidly. North America is considered as largest producer and consumer of bioethanol across the world. Many countries in this region such as Canada and US have mandated use of bioethanol blend for automobiles as it is cheaper and reduce carbon emission. This drives growth in this region during forecast period.
The key market players in bioethanol market are Archer Danienls Midland Company, Poet LLC, Green Plains, Valero Energy Corporation, Valero Energy Corporation, Tereos, Raizen, Flint Hills Resources, Pacific Ethanol, The Andersons Inc., Pannonia Bio, Sire, Absolute Energy Inc., Big River Resources and United petroleum.
- What are the expected industry trends over the next three to five years?
- Which of the bioethanol blend is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?