In recent times, majority of the countries are working on the way to reduce greenhouse gas emission, and bioethanol is playing a key role. Bioethanol in huge amount when mixed with gasoline leads to surge in engine efficiency. Therefore, Biofuel is attractive alternative to conventional fuel as it is produced from cheap raw materials and by-products of sugarcane, molasses and others.
According to the research report, ‘Bioethanol Market: Current Analysis and Forecast (2021-2027)’ states that the Abengoa Bioenergy S.A., Archer Daniels Midland Company, British Petroleum PLC., Bluefire Ethanol Fuels Inc., Cropenergies AG, E. I. DU PONT DE NEMOURS AND COMPANY, Petroleo Brasileiro S.A., Poet LLC, Royal Dutch Shell PLC, Valero Renewable Fuels Company LLC, and many more are some of the major players which are currently operating in the Bioethanol Market. The report covers the company profile of the above mentioned players on the various parameters such as Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis and many more.
Moreover, the Bioethanol market is being majorly segmented on the various segments namely by Feedstock (Starch based, Sugar based, Cellulose based, and others), by Fuel Blend (E5, E10, E15 to E70, E75 & E85, and others), by End User (Transportation, Pharmaceutical, Cosmetics, Alcoholic Beverages, and others), by Production Technology (Dry Mill, Wet Mill, and Others), by Region (North America, Europe, Asia Pacific, and the Rest of the World). Also, it has been witnessed that the report covers the extensive coverage of data at the country level as well for the above mentioned regions namely United States of America, Canada, Germany, United Kingdom, France, Spain, China, Japan, India, Australia and many others.
Moreover the report also covers various other qualitative and quantitative information about the overall market namely Bioethanol Market Dynamics, Bioethanol Market Size, Supply & Demand, Current Trends/Issues/Challenges, Competition & Companies Involved in the Market, Value Chain of the Market, Market Drivers and Restraints and many others.
Furthermore, it has been observed that the E10 accounted highest market share in terms of revenue in the year 2020. This is majorly due to majority of the countries have started focusing to upsurge the blend bioethanol in gasoline which would result into reducing carbon emissions, improve air quality, self-reliance, use of spoiled food grains, amplified farmers’ incomes, generation of employment. On the other hand, sugar and starch based bioethanol accounted a significant market share. This is mainly due to rising government support for crop cultivation which is extensively used in bioethanol production.
In the upcoming years, it is projected that the Bioethanol Market will increase and reach to a substantial value in terms of Revenue in USD Billion by the end of the year 2027, and it is anticipated that the market will accomplish this growth at a double digit CAGR during the review period 2021 – 2027. Therefore, the growth in the market is expected majorly due to increased government support for the bioethanol to reduce down the carbon emission generating from the vehicles running on petrol along with to improve the air quality.
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Ankur Gupta, Head Marketing & Communications