Global Bioethanol Market is valued approximately at USD 60 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2019-2026.
Bioethanol is a colorless fluid with an explicit odor. It is a biodegradable renewable resource that is produced from the biomass through fermentation of sugar and other chemical processes. Due to biological origin and renewability of bioethanol is rapidly being adopted as a clean fuel as compared to conventional fuels. Rising concerns towards greenhouse gases emission coupled with government support towards adoption of bioethanol fuel are key driving factors towards market growth. Moreover, reduction in conventional resources of energy and growing focus on renewable resources is further contributing towards market growth. In addition, increasing R&D coupled with introduction of 2nd and 3rd generation biofuels are expected to create significant growth opportunity in market over the forecast period. However, high initial cost of production is expected to hamper the market growth over the forecast period.
The regional analysis of global Bioethanol market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to stringent regulations coupled with rising consumption of alcohol. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing demand for alcoholic beverages coupled with growing concern towards greenhouse gases reduction would create lucrative growth prospects for the Bioethanol market across Asia-Pacific region.
Major market player included in this report are:
Archer Daniels Midland Company
Green Plains Inc.
Valero Energy Corporation
Flint Hills Resource
Abengoa Bioenergy SA
Royal Dutch Shell plc
Pacific Ethanol, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By End-use industry:
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Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Bioethanol Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers