Bioethanol Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Bioethanol market is expected to grow from US$ 69 billion in 2022 to more than US$ 118 billion by 2028 at a CAGR of 9.5% between 2022 to 2031.
Bioethanol is a biofuel derived after the fermentation of sugar beets or cereals, as well as wheat and corn or their residues. Bioethanol is a solution that meets critical needs as it offers motorists a financially controlled mobility and has a positive impact on agriculture and territories. Bioethanol plays a central role in decarbonizing transport among other solutions such as electricity or hydrogen. The most common use of bioethanol is in fuel production. Adding a proportion of bioethanol to conventional gasoline helps reduce greenhouse gas emissions during combustion. In food & beverages, there is a broad scope for the use of bioethanol as flavor enhancer, in vinegar production and as base for various drinks and confectionary. Further, bioethanol is used as a carrier and natural solvent in different cosmetics and personal care products.
MARKET DYNAMICS
The growing demand for bioethanol is attributed to factors such as increasing use of bioethanol fuel blends in different countries, and increasing focus on reducing greenhouse gas emissions and increasing the fuel efficiency of vehicles. Owing to a rise in global temperatures, fuel industries have searched for alternative energy sources that help lower emissions rates in combustion engines. Bioethanol is a potential alternative energy source. it benefits current engines and fuel processes by serving as an alternative to regular petrol in engines. These factors are fuelling the demand for bioethanol from the transportation sector. Further, the players operating in the market are focusing on increasing production capacity to fulfil the growing demand for bioethanol. For instance, according to the news released in October 2021, Clariant is set to officially open its first commercial-scale plant for the production of cellulosic ethanol based on the sunliquid technology. The plant is located in Podari, near Craiova, in the southwestern part of Romania.
MARKET SCOPE
The "Global Bioethanol Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of bioethanol market with detailed market segmentation by source, fuel blend, and end-use industry. The report provides key statistics on the market status of the leading bioethanol market player and offers key trends and opportunities in the bioethanol market.
Strategic Insights
MARKET SEGMENTATION
The global bioethanol market is segmented into source, fuel blend, and end-use industry. By source, the market is segmented into starch-based, sugar-based, cellulose-based, and others. In terms of fuel blend, the market is segmented into E5 to E10, E15 to E70, E75 to E85, and others. From end-use industry point of reference, the market is categorized into transportation, pharmaceutical, cosmetic, food & beverage, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bioethanol market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The bioethanol market by each region is later sub-segmented by respective countries. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, North America is expected to register fastest growth during the forecast period. The strong growth of the market in the region is due to larger-scale production of bioethanol and growing demand for bioethanol in the region. There is a high demand for different ethanol fuel blends. Further, countries such as the US have mandated the use of bioethanol blends in vehicles. The below figure showcases the revenue growth trend in the bioethanol market:
The report analyzes factors affecting bioethanol market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, effecting the market during the forecast period. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the bioethanol market in these regions.
IMPACT OF COVID-19 PANDEMIC
Before the COVID-19 pandemic, the bioethanol market was mainly driven by the growing use of bioethanol in end-use industries such as transportation, pharmaceutical, cosmetics, and others. However, the COVID-19 pandemic has drastically altered the status of the chemical and materials sector and impacted the growth of the bioethanol market. The pandemic has caused disruptions in the supply chain of raw materials. The demand for bioethanol reduced for blending with gasoline due to lockdowns imposed to curb the spread of the virus that reduced motoring. On the other hand, there was a strong increase in bioethanol demand for hand sanitizers and various companies have re-directed their production. The bioethanol production increased in Germany despite COVID-19 pandemic. According to the German Bioethanol Industry Association’s 2020 market data for the production and consumption of certified sustainable bioethanol, the German bioethanol production, standardized for use as fuel, amounted to around 700,000 tonnes in 2020—an increase of 7.1% compared with the previous year.
As the economies are reviving their operations, the demand for bioethanol is improving further. The relaxation of lockdowns in different countries has enabled many people to use their cars. With this, the demand for bioethanol is increasing.
Bioethanol Market Report Analysis
CAGR (2023 - 2031)
US$ 75.56 Billion
US$ 156.16 Billion
Report Coverage
Key Players
Regional Overview
Market Segmentation
By Source
By Fuel Blend
By End-Use Industry
The report covers key organic and inorganic growth strategies in the bioethanol market. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bioethanol market are anticipated to lucrative growth opportunities in the future with the rising demand for bioethanol.
The report also includes the profiles of key bioethanol market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Below mentioned is the list of few companies engaged in the bioethanol market.
- POET, LLC.
- Tereos
- BP p.l.c.
- CropEnergies AG
- Abengoa Bioenergía
- ADM
- Shell
- Aemetis, Inc.
- The Andersons, Inc
- Cargill, Incorporated
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Bioethanol Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 75.56 Billion |
| Market Size by 2031 | US$ 156.16 Billion |
| Global CAGR (2023 - 2031) | 9.50% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Fuel Blend, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
- POET, LLC.
- Tereos
- BP p.l.c.
- CropEnergies AG
- Abengoa Bioenergía
- ADM
- Shell
- Aemetis, Inc.
- The Andersons, Inc
- Cargill, Incorporated
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