Government support to increase the blending of ethanol with conventional transportation fuel is likely to boost the bioethanol market!

Governments strict regulations to reduce carbon footprints and mandate use of ethanol in automobile industry would likely to boost the bioethanol market. Rising globalization where pharmaceutics, beverages, cosmetics industry is expanding at a very influential rate would further propel the demand of bioethanol. However, requirement of large arable land for crop cultivation and modifications required in engines can provide hindrance to growth of bioethanol market.?

According to UnivDatos Market Insights (UMI)’ research report “Global Bioethanol Market”, the market is expected to witness a double digit CAGR growth during the forecast period 2021-2027F. In the era where countries are working towards reducing greenhouse gas emission, bioethanol is playing a vital role. Bioethanol in large proportion when blended with gasoline lead to increase in engine efficiency and comparatively less carbon emission.

Based on Feedstock, the market is sub segmented into starch based, sugar based, cellulose based, and others. Among them, sugar and starch based bioethanol hold a lucrative market share this is mainly owing to government focuses on increasing crop cultivation which are extensively used in bioethanol production. In India, according to NITI Aayog report, government is encouraging use of water-sparing crops, such as maize, to produce ethanol by biological ways.

On the basis of fuel blend, the market is divided into E5, E10, E15 to E70, E75 & E85 ?and other blends. Among these, E10 held a considerable market share in 2020. Further, countries are focusing to increase the blend bioethanol in gasoline which would result into lower carbon emissions, better air quality, self-reliance, use of damaged food grains, increased farmers' incomes, employment generation.

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North America to witness highest growth

Based on region, the report provide detail analysis for overall adoption of Bioethanol in major region including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America held the considerable market share in 2020 owing to strict regulation and public awareness regarding envioronmental protection. ?

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Bioethanol market are (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, Petróleo Brasileiro S.A., Poet LLC, Royal Dutch Shell PLC, Valero Renewable Fuels Company LLC) These companies are investing heavily in several strategic activities to increase their market share.

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Some of the instances are:

• October 2021: Clariant completed the completed the construction of the cellulose ethanol plant located in Podari near Craiova, in southern Romania. The unit will produce cellulosic ethanol from agricutlral residues
• October 2021: ArcelorMittal Belgium has marked a major milestone in the construction of its pioneering Steelanol project with the installation of four bioreactors at the Gent steel plant. The bioreactors, which will convert industrial gases captured during the steelmaking process into sustainable ethanol, are the central element of the installation.

§?September 2021: Punjab National Bank ties up with Assam Bio Refinery to increase production of bioethanol. Through this agreement, Punjab National Bank will provide loans to farmers to grow bamboo which will be used by Assam Bio Refinery to increase the bioethanol production

“Global Bioethanol Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.???????

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Market Segmentation:

1.?????By Feedstock (Starch based, Sugar based, Cellulose based, and Others)

2.?????By Fuel Blend (E5, E10, E15 to E70, E75 & E85 and Others)

3.?????By End User (Transportation, Pharmacueticals, Cosmetics, Alcoholoic Beverages, and Others)

4.?????By Production Technology (Dry Mill, Wet Mill, and Others)

5.?????By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

6.?????By Company (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, Petróleo Brasileiro S.A., Poet LLC, Royal Dutch Shell PLC, Valero Renewable Fuels Company LLC)

Key questions answered in the study:

1.?????What are the current and future trends of the global bioethanol industry?

2.?????How the industry has been evolving in terms of end-user demand and product category?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the global bioethanol industry?

5.?????What are the customer orientation, purchase behavior, and expectations from the global bioethanol suppliers across various region and countries??