Bioethanol is a renewable alternative fuel produced from fermentation process from sugar, starch and cellulose. It is biodegradable, less toxic and contains high octane which will facilitate replacement of petroleum based products. Positive indicators towards use of bioethanol in cosmetic products such as personal care, skin care and hair care products owing to skin friendliness and natural solvent will favour industry growth. High investments in research to develop bioethanol from different sources such as algae to ensure continue will further escalate market growth.
Growing environmental concerns along with automotive and transportation industry accounting for major share in carbon emission has led to rise in use of fuel blends with bio ethanol acting as a major contributor towards industry growth. Bioethanol reduces greenhouse gas emission by over 19% to 48% compared to gasoline. Depleting conventional resources supported by fluctuating crude oil prices will further promote bioethanol demand for fuels in transportation industry
Bioethanol is made from renewable sources such as sugarcane, grains, corns and beet through fermentation process. These sources can be obtained from the agricultural yields which will ensure ample amount of raw material supply for bioethanol production, thus positively affecting industry growth.
However, emergence of electric vehicles which has reduced demand from major application along with electric modification required in automotive before using higher blends of bioethanol may act as major restricting factors.
The report analyses the global bioethanol market based on feedstock, blend, end user and geography.
Various feedstock studied are segmented into starch based, sugar based, cellulose based.
The blend segment is categorized in E5, E10, E15 to E70, E75 to E85. E10 fuel mixtures dominated the blend segment and are expected to grow over the coming years. It contains 10% ethanol and 90% gasoline which can be used in internal combustion engines mainly in light duty vehicles and modern automotive. Government mandates regarding ethanol blend of over 10% to 15% in conventional fuels in approximately 36 states in 17 countries is likely to accelerate market size.
Moreover, the major end users considered in the study are automotive & transportation, pharmaceutical, alcoholic beverages, cosmetics. Rising application potential for bioethanol in pharmaceutical industry mainly in drugs, liniments, antiseptics, anaesthetics and lotions as a natural solvent is likely to escalate industry growth. Rapid product development in pharmaceutical industry will favour bioethanol demand.
The global bioethanol market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific led by India, Japan and China bioethanol market may observe robust growth over the forecast timeframe. Supportive government policies mainly in India including Bioethanol Policy which aims in setting up total ethanol production policy of over 1 billion litres every year will industry growth. Another policy such as bioethanol production through lingo-cellulosic biomass mainly for Ethanol Blending Programme (EBP) which aims at 20% blending of ethanol in petroleum products will have positive impact on regional industry growth. Also, presence of agro based economies which produce ample amount of raw material as agriculture by product will further accelerate market growth.
The key players in the bioethanol market share are Poet Llc, Archer Daniels Midland Company (Adm), Green Plains, Valero Energy Corporation, Tereos,Flint Hills Resources, Pacific Ethanol, Raizen, Sekab Biofuels & Chemicals Ab, The Andersons Inc., Aemetis, Cropenergies, White Energy Inc. Pannonia BIO, BP PLC., Absolute Energy Inc, Sire, Big River Resources, United Petroleum, Aemetis, , Cropenergies, Guardian Energy Management. Major players in the competitive landscape are engaged in strategic partnerships, acquisition and collaboration.
The report analyses the global bioethanol market based on feedstock, blend, end user and geography. Various feedstock studied are segmented into starch based, sugar based, cellulose based. The blend segment is categorized in E5, E10, E15 to E70, and E75 to E85. Moreover, the major end users considered in the study are automotive & transportation, pharmaceutical, alcoholic beverages, cosmetics.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
Why to buy this report: