Blended Petrol Market Size is Estimated to grow at a CAGR of 6.2% during the forecast period

The blended petrol market is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2032, from its estimated valuation of USD 85.9 million in 2022 to USD 147.2 billion.

Since ethanol is frequently added to regular gasoline, ethanol blended gasoline is a typical type of blended gasoline. Produced from plant materials such as corn, sugarcane, and other biomass sources, ethanol fuel is a renewable fuel.

Different ratios of gasoline and ethanol are regularly blended together, such as E10, which is the most often used blend and contains 10% ethanol and 90% gasoline, and higher mixes like E15, which contains 15% ethanol, and E85, which contains 85% ethanol.

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GROWTH DRIVERS

• The need for cleaner fuel options, such as blended gasoline, is being driven by the growing awareness of environmental issues like air pollution and climate change.
• Blended gasoline, for example, emits fewer greenhouse gases than traditional gasoline, making it a more appealing option.
• Renewable energy policies, such as the United States' Renewable Fuel Standards (RFS) and other countries' biofuel mandates, encourage the use of blended petrol, with the goal of increasing its use.

MARKET SEGMENTATION:

·?????????By Raw Material –?

·???????? Maize

·???????? Wheat

·???????? Industrial Beets

·???????? Sugar Cane

·???????? Cereals

·???????? Starch and Others

·?????????By Application –?

·???????? Conventional Vehicles

·???????? Flexible Fuel Vehicles

·?????????By Region?–

·???????? North America

·???????? Europe

·???????? Asia Pacific

·???????? Middle East and Africa

·???????? South America

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Global Key Players:

·?????????ADM

·?????????DowDuPont

·????????BP PLC

·?????????INEOS

·?????????Solvay SA

·?????????Sasol

·?????????Sabic

·?????????Petrobras

·?????????Cargill Incorporated

·?????????HPCL

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Contact:???????????????????????????????????????????

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