About Bioethanol
Bioethanol is a form of renewable energy which is produced from agricultural feedstocks. Bioethanol acts as an attractive alternative to conventional fuel sources due to its high octane value and lower greenhouse gas emissions. Also, it is a clean fuel and thus, rapidly being adopted as an auto fuel by the transportation sector. Moreover, depleting conventional resources of energy and increasing focus on renewable sources of energy is expected to boost the market growth over the forecast period. Furthermore, rising demand for ecofriendly vehicles and the renewable nature of bioethanol are major factors fueling the market growth
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.2% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Bioethanol market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abengoa Bioenergy (Spain), Archer Daniels Midland Company (U.S), BP PLC (UK), Bluefire Ethanol Fuels Inc. (U.S), Cropenergies AG (Germany), E. I. Du Pont De Nemours And Company (U.S), Petrobras (Brazil), Poet LLC (U.S), Royal Dutch Shell Plc (Netherlands) and Valero Renewable Fuels Company Llc (U.S) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Bioethanol market by Type (Starch-based, Sugar-based, Cellulose-based and Others), Application (Transportation, Pharmaceuticals, Cosmetics, Alcoholic Beverages and Others) and Region.
On the basis of Type, Starch-based are dominating the market in the year 2023 where as Sugar-based stood as second largest market share.
On the basis of application, Alcoholic Beverages segment is dominating the market in the year 2023 where as Transportation segment stood as second largest market .On the basis of geography, the market of Bioethanol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Fuel Blend, the sub-segment i.e. E5 will boost the Bioethanol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid growth in the transport and automotive sector across the world
Market Growth Drivers:
Favorable government policies & mandates, Rising environmental concerns and need to reduce greenhouse gas emissions and Plentiful raw material availability
Challenges:
Large arable land is required for crop cultivation and Issues related to use of food crops for fuel production
Restraints:
Increasing competition with other oxygenates and High investment cost
Opportunities:
Rising demand for Bioethanol from Asia Pacific region
EPA is responsible for developing and implementing regulations for transportation fuels sold in the United States. The Agency also regulates operations at ethanol production facilities under air, water, and storage permitting programs, as well as spill prevention, risk management, and facility response programs. and EPA implements and enforces regulations related to the use of blends containing 15 percent ethanol in gasoline for use in the model year 2001 and newer passenger cars, light trucks, and medium-duty vehicle.
Key Target Audience
Manufacturers of Bioethanol, Suppliers of raw material, Traders, suppliers and distributors of Bioethanol, Government & regional agencies, Research organizations, Investment research firms, Beverage industry and Pharmaceuticals
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.