According to a new market research report, the
“Bioethanol Market by Feedstock (Starch based, sugar based, cellulose based), End-use Industry (transportation, pharmaceuticals, cosmetics, alcoholic beverages), Fuel blend (E5, E10, E15 to E70, E75 & E85), and Region – Global Forecast to 2025″, The global bioethanol market size is projected to grow from USD 33.7 billion in 2020 to USD 64.8 billion by 2025, at a CAGR of 14.0%, from 2020 to 2025. The global bioethanol market size is projected to grow from USD 33.7 billion in 2020 to USD 64.8 billion by 2025, at a CAGR of 14.0%, from 2020 to 2025. The market is projected to grow as many countries have changed their policies regarding the fuel used in transportation and have mandated the use of bioethanol in the fuel blends. The mandates are passed to curb carbon emission occurring from pure fuel and reduce crude oil dependency of the countries.
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- 208 Market data Tables
- 40 Figures
- 187 Pages and in-depth TOC on“Bioethanol Market – Global Forecast to 2025”
This report also provides a comprehensive analysis of the companies listed below:
Archer Daniels Midland (US), POET LLC (US), Green Plains (US), Valero Energy Corporation (US), Tereos (France), and Raizen (Brazil)
These players have adopted various growth strategies, such as expansion, divestment, merger & acquisition, and partnership/agreement, to increase their market shares and improve their distribution channel. Expansions, mergers & acquisitions, and partnerships/agreements are some of the major strategies adopted by these key players to enhance their positions in the bioethanol market. Merger & acquisition and agreement combined accounted for the largest share of all the strategic developments that took place in the market between February 2016 and April 2020.
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E10 fuel blend led the bioethanol market in 2019 in terms of value and volume.
E10 fuel blend accounted for the largest market share among the bioethanol fuel blends as the use of 10% ethanol fuel blends are expected to be made mandatory across many countries in the near future. The E10 fuel blend is a mixture of 10% bioethanol and 90% gasoline. The use of E10 fuel blends helps in improving the fuel efficiency of the vehicle and lowers the carbon emission in the atmosphere.
APAC projected to be the fastest-growing bioethanol market during the forecast period.
APAC is projected to lead the bioethanol market, in terms of both value and volume from 2020 to 2025. The region is one of the largest crude oil importers in the world. Many countries in the region aim to achieve energy security by reducing their dependency on crude oil imports. Thus, they have mandated the use of bioethanol fuel blends in all vehicles. This, in turn, increases the demand for bioethanol in the APAC region.
