Bioethanol Market Set to Surpass $212.8 Billion by 2037


Posted October 22, 2024 by Pranita483

Bioethanol Market Research Overview | A Comprehensive Guide to the Industry

 
Research Nester’s recent market research analysis on “Bioethanol Technology Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global bioethanol market in terms of market segmentation by feedstock, fuel generation, fuel blend, end use, and by region.

Growing Use in Transportation and Cooking to Promote Global Market Share of Bioethanol

The global bioethanol market is estimated to grow majorly on account of the growing integration of bioethanol as a transportation fuel. Since pure ethanol from sugarcane reduces greenhouse gas emissions by up to 88% compared to fossil gasoline, bioethanol is more environmentally benign than petroleum fuels. Even at low fuel blends (5–10%, E5, or E10), which are typically challenging to achieve, ethanol cuts emissions.

Furthermore, interior air pollution has significantly lowered due to the increased adoption of clean-burning ethanol stoves in place of ineffective old cooking techniques. This is especially critical in developing nations, where indoor air pollution poses a serious risk to public health, particularly for women and children. According to the World Health Organization, every year, 6.7 million premature deaths are attributed to the combined impacts of household and ambient air pollution.

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Some of the major growth factors and challenges that are associated with the growth of the global bioethanol market are:

Growth Drivers:

Increased shift towards bioethanol by chemical suppliers
Growing technological advancements in the production of bioethanol
Challenges:

The conversion of wetlands, grasslands, and forests into agricultural land is one potential consequence of increased bioethanol feedstock production. This land conversion may have detrimental repercussions on the ecosystem, such as deforestation, habitat degradation, and biodiversity loss. Environmental concerns dictate the need for sustainable methods, including the use of non-food feedstocks, efficient use of water, responsible land management, and a decrease in chemical inputs required for the production of bioethanol. Therefore, bioethanol's detrimental effects could prevent it from being widely used.

By feedstock, the global bioethanol market is segmented into starch-based, sugar-based, and cellulose-based. The starch-based segment is set to garner highest revenue by the end of 2037 by growing at a significant CAGR over the forecast period. The expansion of the starch-based bioethanol segment can be ascribed to the abundance of starch feedstocks, which offer a consistent and reliable supply. The National Institutes of Health estimate that feedstocks containing starch produce around 60% of the world's bioethanol, with sugar cane and sugar beet contributing about 40%.

Furthermore, starch-based bioethanol benefits from the same infrastructure and experience that is now in place for the production and transportation of ethanol. Additionally, many countries have put equipment and processes in place to convert starch feedstocks into bioethanol. This system, which creates a market for starch-based bioethanol, consists of ethanol plants, transportation networks, and blending facilities.

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By region, the North America bioethanol market is to generate the highest revenue by the end of 2037. The government's efforts to raise the limit on the amount of ethanol that may be blended into gasoline have led to the expectation that the automotive and transportation sectors will lead the European bioethanol industry. Also, in the upcoming years, the market is anticipated to witness opportunities in the region due to the development of second-generation bio-ethanol production and the growing use of biofuels like bioethanol in the aviation sector.

This report also provides the existing competitive scenario of some of the key players of the BASF SE, Lummus Technology, POET, LLC, Archer Daniels Midland Company, The Andersons, Inc., Green Plains Inc., Alto Ingredients Inc., Valero Energy Corporation, Flint Hills Resources, BlueFire Ethanol Fuels Inc., and others.

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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Last Updated October 22, 2024