According to the recent study the transportation grade bioethanol market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 11% to 13% from 2023 to 2028. Growth in this market is primarily driven by increasing initiatives and blending mandates by regulatory bodies and growing concerns regarding fossil fuel usage and environmental health protection.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in transportation grade bioethanol market by fuel blend (E5, E10, E15 to E75, and E85 to E100), raw material (sugarcane, corn, wheat, and others), end-use (passenger vehicles, light commercial vehicles, medium and heavy commercial vehicles, and aviation), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Sugarcane market is expected to remain the largest segment during the forecast period.”
Based on raw material, the transportation grade bioethanol market is segmented into sugarcane, corn, wheat, and others. Lucintel forecasts that the Sugarcane market is expected to remain the largest segment due to because sugarcane molasses is a by-product of sugarcane products, which is highly used in production of transportation-grade bioethanol.
“Within the transportation grade bioethanol market, the passenger vehicles segment is expected to remain the largest end use”
Based on end use the passenger vehicles segment is expected to witness the highest growth over the forecast period due to rising demand for passenger vehicles and increasing environmental concerns regarding emissions combined with tightening GHG policies.
“North America will dominate the transportation grade bioethanol market in near future”
North America will remain the largest region due to increasing government blend mandates and environmental concerns about petroleum diesel use and the growing preference for replacing fossil fuels because of higher greenhouse gas emissions.
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Major players of transportation grade bioethanol market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. CropEnergies, Cristal Union, Archer-Daniels-Midland Company, Petrobrasm Tereos, Alcogroup., Vivergo Fuels, BlueFire Renewables, Aemetis., and Green Plains are among the major transportation grade bioethanol providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/transportation-grade-bioethanol-market.aspx or [email protected]