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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Bioethanol Market size was valued at US$ 64,283.4 Million in 2023 and is poised to grow at a CAGR of 6.7 % over 2024-2030. Bioethanol, sometimes referred to as ethanol, is a sustainable biofuel made from several types of biodegradable and renewable materials. The fermentation of sugars, starches, or cellulose found in agricultural products including maize, sugarcane, wheat, and other plant components results in this particular form of alcohol. The main use of bioethanol is to replace fossil fuels, primarily petrol, in a variety of operations like transportation, energy production, and other industrial processes. When compared to conventional fossil fuels, bioethanol has the potential to considerably reduce carbon dioxide emissions, which is one of its main benefits. It is regarded as a fuel that burns more cleanly and has less hazardous emissions, making it a desirable choice for resolving air quality issues and achieving emission reduction goals. The worldwide bioethanol market has grown as a result of rising demand for biofuels in the automobile industry as a fuel source mostly because of its exceptional qualities as a renewable and ecologically friendly fuel source with improved Engine Performance.
Moreover, stringent environmental regulations and policies imposed by governments and international organizations to reduce greenhouse gas emissions and combat climate change are pushing for the adoption of cleaner-burning fuels like bioethanol. Furthermore, rising Investment in bioethanol production capacity and infrastructure development present significant opportunities for further development of the bioethanol market. However, the availability and price of feedstocks used for bioethanol production, such as corn, sugarcane, and wheat, can be a potential restraint to the growth of the bioethanol market. Key manufacturers are adopting different strategies in producing bioetahnol to satisfy the demand of various end-use industries, which further contribute to the bioethanol market. For instance, in July 2021, Kemin Biofuels launched ZyloZyme, an efficient, high-temperature alpha-amylase for use in bioethanol production.
Study Period
2024-2030Base Year
2023CAGR
6.7%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The rising requirements of energy security have significantly driven the bioethanol market. The use of bioethanol can help reduce dependence on fossil fuels and enhance energy security by diversifying the energy mix. It provides an alternative to traditional gasoline and reduces reliance on imported oil, benefiting energy independence for many countries. Moreover, Advances in bioethanol production technologies have improved the efficiency and cost-effectiveness of bioethanol manufacturing. Second and third-generation bioethanol production methods, such as cellulosic ethanol from agricultural and forestry residues, have expanded the potential feedstock base and increased overall production capacity, which ultimately fulfill the rising demand of the bioethanol worldwide.
Bioethanol market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The North American is dominating the bioethanol industry as the United States is a major producer and consumer of bioethanol, ranking among the top producers globally. Moreover the government in this region has implemented policies to promote the use of biofuels for transportation, which further propels the growth of the bioethanol market. The bioethanol industry in Asia Pacific, particularly China and India, is experiencing significant growth due to the presence of a strong agricultural sector and the availability of renewable raw materials.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
6.7% |
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By Raw Materials |
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By Application |
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By Region |
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Bioethanol market size was valued at US$ 64,283.4 Million in 2023 and is anticipated to grow at a CAGR of 6.7 % over 2024-2030.
Collaboration between government and private sector and rising government investments are some of the factors that create potential opportunities for the growth of the bioethanol market.
The shift towards advanced bioethanol technologies is one of the major trends in the bioethanol market.
POET, LLC, South Bend Ethanol, LLC, Kemin Biofuels, Valero, Pertamina, Flint Hills Resources, BBGI, ADM, HPCL-Mittal Energy Ltd, Green Plains Inc., Assago Industries, Alto Ingredients Inc are few companies operating in bioethanol market.
| 1.Executive Summary |
| 2.Global Bioethanol Market Introduction |
| 2.1.Global Bioethanol Market - Taxonomy |
| 2.2.Global Bioethanol Market - Definitions |
| 2.2.1.Raw Materials |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Bioethanol Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Bioethanol Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Bioethanol Market By Raw Materials, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Bisphenol Sugar Based |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Starch Based |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Lignocellulose Based |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Bioethanol Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Automotive and Transportation |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Power Generation |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Food and Beverage |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Pharmaceutical |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Cosmetics and Personal Care |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Other Applications |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Bioethanol Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Bioethanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Bisphenol Sugar Based |
| 8.1.2.Starch Based |
| 8.1.3.Lignocellulose Based |
| 8.1.4.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Automotive and Transportation |
| 8.2.2.Power Generation |
| 8.2.3.Food and Beverage |
| 8.2.4.Pharmaceutical |
| 8.2.5.Cosmetics and Personal Care |
| 8.2.6.Other Applications |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Bioethanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Bisphenol Sugar Based |
| 9.1.2.Starch Based |
| 9.1.3.Lignocellulose Based |
| 9.1.4.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Automotive and Transportation |
| 9.2.2.Power Generation |
| 9.2.3.Food and Beverage |
| 9.2.4.Pharmaceutical |
| 9.2.5.Cosmetics and Personal Care |
| 9.2.6.Other Applications |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Bioethanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Bisphenol Sugar Based |
| 10.1.2.Starch Based |
| 10.1.3.Lignocellulose Based |
| 10.1.4.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Automotive and Transportation |
| 10.2.2.Power Generation |
| 10.2.3.Food and Beverage |
| 10.2.4.Pharmaceutical |
| 10.2.5.Cosmetics and Personal Care |
| 10.2.6.Other Applications |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Bioethanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Bisphenol Sugar Based |
| 11.1.2.Starch Based |
| 11.1.3.Lignocellulose Based |
| 11.1.4.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Automotive and Transportation |
| 11.2.2.Power Generation |
| 11.2.3.Food and Beverage |
| 11.2.4.Pharmaceutical |
| 11.2.5.Cosmetics and Personal Care |
| 11.2.6.Other Applications |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Bioethanol Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Bisphenol Sugar Based |
| 12.1.2.Starch Based |
| 12.1.3.Lignocellulose Based |
| 12.1.4.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Automotive and Transportation |
| 12.2.2.Power Generation |
| 12.2.3.Food and Beverage |
| 12.2.4.Pharmaceutical |
| 12.2.5.Cosmetics and Personal Care |
| 12.2.6.Other Applications |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.POET, LLC |
| 13.2.2.South Bend Ethanol, LLC |
| 13.2.3.Kemin Biofuels |
| 13.2.4.Valero |
| 13.2.5.Pertamina |
| 13.2.6.Flint Hills Resources |
| 13.2.7.BBGI |
| 13.2.8.ADM |
| 13.2.9.HPCL-Mittal Energy Ltd |
| 13.2.10.Green Plains Inc. |
| 13.2.11.Assago Industries |
| 13.2.12.Alto Ingredients Inc |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.