In recent times, majority of the countries are working on the way to reduce greenhouse gas emission, and bioethanol is playing a key role. Bioethanol in huge amount when mixed with gasoline leads to surge in engine efficiency. Therefore, Biofuel is attractive alternative to conventional fuel as it is produced from cheap raw materials and by-products of sugarcane, molasses and others.
According to the research report, ‘Bioethanol
Market: Current Analysis and Forecast (2021-2027)’ states
that the Abengoa Bioenergy S.A., Archer Daniels Midland Company, British
Petroleum PLC., Bluefire Ethanol Fuels Inc., Cropenergies AG, E. I. DU PONT DE
NEMOURS AND COMPANY, Petroleo Brasileiro S.A., Poet LLC, Royal Dutch Shell PLC,
Valero Renewable Fuels Company LLC, and many more are some of the major players
which are currently operating in the Bioethanol Market. The report covers the
company profile of the above mentioned players on the various parameters such
as Company Overview, Business Strategy, Key Product Offerings, Financial
Performance, Key Performance Indicators, Risk Analysis, Recent Development,
Regional Presence, SWOT Analysis and many more.
Moreover, the Bioethanol market is being majorly segmented on the
various segments namely by Feedstock (Starch based, Sugar based, Cellulose
based, and others), by Fuel Blend (E5, E10, E15 to E70, E75 & E85, and
others), by End User (Transportation, Pharmaceutical, Cosmetics, Alcoholic
Beverages, and others), by Production Technology (Dry Mill, Wet Mill, and
Others), by Region (North America, Europe, Asia Pacific, and the Rest of the
World). Also, it has been witnessed that
the report covers the extensive coverage of data at the country level as well
for the above mentioned regions namely United States of America, Canada,
Germany, United Kingdom, France, Spain, China, Japan, India, Australia and many
others.
Furthermore, it has been observed that the E10 accounted highest
market share in terms of revenue in the year 2020. This is majorly due to
majority of the countries have started focusing to upsurge the blend bioethanol
in gasoline which would result into reducing carbon emissions, improve air
quality, self-reliance, use of spoiled food grains, amplified farmers' incomes,
generation of employment. On the other hand, sugar and starch based bioethanol accounted
a significant market share. This is mainly due to rising government support for
crop cultivation which is extensively used in bioethanol production.
In the upcoming years, it is projected that the Bioethanol Market
will increase and reach to a substantial value in terms of Revenue in USD Billion
by the end of the year 2027, and it is anticipated that the market will accomplish
this growth at a double digit CAGR during the review period 2021 – 2027.
Therefore, the growth in the market is expected majorly due to increased
government support for the bioethanol to reduce down the carbon emission
generating from the vehicles running on petrol along with to improve the air
quality.
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