Global Bioethanol Market

Bioethanol Market Size, Share, Growth Analysis, By Blend type(E10 (10% ethanol, 90% gasoline), E15 (15% ethanol, 85% gasoline)), By Application(Transportation, Industrial, Power Generation, and Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG10D2044 | Region: Global | Published Date: February, 2024
Pages: 178 |Tables: 68 |Figures: 75

Bioethanol Market Insights

Global Bioethanol Market size was valued at USD 34 Billion in 2021 and is poised to grow from USD 38.76 Billion in 2022 to USD 110.57 Billion by 2030, at a CAGR of 14% during the forecast period (2023-2030).

The market for bioethanol has gained significant traction due to its potential to reduce greenhouse gas emissions, promote energy independence, and contribute to sustainable development. The primary purpose of the bioethanol market is to provide an alternative and renewable source of energy for various sectors, particularly the transportation industry. Several factors are driving the growth of the global bioethanol market. One of the key drivers is the increasing awareness of the environmental impacts of fossil fuels and the need to mitigate climate change. Governments and regulatory bodies worldwide are implementing policies and incentives to promote the use of biofuels, including bioethanol. Despite the favorable market conditions, the bioethanol industry faces several challenges and restraining factors.

One of the primary challenges is the competition for feedstocks. Bioethanol production requires a significant amount of agricultural crops, and the demand for feedstocks can potentially impact food prices and raise concerns about food security. The bioethanol market faces several challenges that need to be addressed for sustained growth. One major challenge is the development of cost-effective and efficient production processes. The bioethanol market presents significant opportunities for innovation and expansion. The emergence of advanced bioethanol technologies, such as cellulosic ethanol production, holds promise for utilizing non-food biomass sources, including agricultural residues, energy crops, and forest residues. The global bioethanol market serves the purpose of providing a renewable and cleaner energy source for transportation, industry, and power generation. The driving factors include environmental concerns, energy security, and government support.

Market Snapshot - 2024-2031

Global Market Size

USD 34 Billion

Largest Segment

E10 (10% ethanol, 90% gasoline)

Fastest Growth

E10 (10% ethanol, 90% gasoline)

Growth Rate

14% CAGR

Global Bioethanol Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)

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Bioethanol Market Segmental Analysis

The global bioethanol market is segmented on the basis of blend type, application, and region. Based on blend type, the market is segmented into E10 (10% ethanol, 90% gasoline), E15 (15% ethanol, 85% gasoline), and Other Blends (E5, E20, etc.). In terms of application, the market is segmented into transportation, industrial, power generation, and others. Regionwise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Bioethanol Market Analysis by Blend Type

E10 is the most widely used bioethanol blend globally. It consists of 10% ethanol mixed with 90% gasoline. This blend is approved for use in most gasoline vehicles without requiring any modifications. E10 offers several benefits, including reduced greenhouse gas emissions, improved octane rating, and enhanced fuel combustion efficiency. It is commonly used as a standard blend in many countries as a means to reduce dependence on fossil fuels and meet regulatory requirements.

E15 is a blend containing 15% ethanol and 85% gasoline. It is gaining prominence as a higher ethanol blend compared to E10. E15 provides similar advantages as E10 in terms of reduced emissions and increased octane rating. However, its higher ethanol content requires certain modifications in the fuel systems of vehicles to ensure compatibility and optimal performance. E15 is gradually becoming more accessible at fuel stations, and its adoption is driven by the potential to further reduce carbon emissions and promote renewable fuel usage.

Global Bioethanol Market Analysis by Application

The transportation sector is a major consumer of bioethanol. Bioethanol is primarily blended with gasoline to produce biofuel blends used in conventional vehicles. The most common blend is E10, which contains 10% ethanol and 90% gasoline. This blend helps reduce greenhouse gas emissions, improve octane rating, and promote cleaner fuel alternatives. Bioethanol blends, such as E15 and E85 (85% ethanol), are also used in flex-fuel vehicles capable of handling higher ethanol concentrations. The transportation sector's shift toward bioethanol blends aims to lower carbon emissions, enhance energy security, and reduce reliance on fossil fuels.

The industrial sector utilizes bioethanol for various purposes. Bioethanol's properties as a solvent and its ability to dissolve a wide range of substances make it suitable for use in industries such as pharmaceuticals, cosmetics, printing inks, and paints. In the pharmaceutical industry, bioethanol is used as an ingredient in medicines, tinctures, and extracts. It serves as a solvent for active pharmaceutical ingredients and aids in the extraction of medicinal compounds from plant materials. Additionally, bioethanol's role as a renewable and biodegradable solvent makes it attractive for eco-friendly industrial applications.

Global Bioethanol Market Size By Blend Type 2022 (%), 2023 (%)

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Bioethanol Market Regional Insights

North America is currently the dominant region in the global bioethanol market owing to the high adoption rate of biofuels in the region, driven by government policies and initiatives to reduce greenhouse gas emissions. The United States is the largest market for bioethanol in North America, with increasing production and consumption of bioethanol as a fuel additive in gasoline.

Europe is the second-largest market for bioethanol, driven by government regulations and initiatives aimed at reducing carbon emissions and promoting the use of renewable energy sources. The European Union has set a target of achieving 10% renewable energy use in the transportation sector by 2020, which has led to an increase in demand for biofuels such as bioethanol.

Global Bioethanol Market Size By Geography, 2022-2030, 2024-2031
  • Largest
  • Fastest

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Bioethanol Market Dynamics

Global Bioethanol Market Drivers

Government Policies and Regulations

  • Supportive government policies and regulations promoting the use of biofuels, including bioethanol, are driving market growth. These policies aim to reduce carbon emissions and dependence on fossil fuels, thereby creating a favorable environment for bioethanol production and consumption.

Environmental Sustainability

  • The increasing awareness and emphasis on environmental sustainability are driving the demand for renewable fuels such as bioethanol. Bioethanol offers a cleaner alternative to conventional fuels, contributing to reduced greenhouse gas emissions and mitigating climate change.

Global Bioethanol Market Restraints

Feedstock Availability and Cost

  • The availability and cost of feedstocks, such as crops used for bioethanol production, can pose a restraint to the market. Fluctuations in feedstock prices and concerns about potential competition with food crops can impact the overall cost-effectiveness of bioethanol production.

Infrastructure and Distribution Challenges

  • The widespread adoption of bioethanol as a fuel requires adequate infrastructure and distribution networks. The lack of infrastructure, such as bioethanol blending facilities and fueling stations, can impede market growth, particularly in regions with limited infrastructure development.

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Bioethanol Market Competitive Landscape

The global bioethanol market has a highly competitive landscape with the presence of several key players. These companies compete based on factors such as production capacity, technology advancements, distribution networks, and product quality. The competitive landscape also includes other regional and local players that contribute to the market's competitiveness and innovation. Companies in the bioethanol market strive to enhance their production capabilities, develop advanced biofuel technologies, and establish strategic partnerships to strengthen their market position and capitalize on the growing demand for sustainable energy sources.

Top Player’s Company Profiles in Global Bioethanol Market

  • Archer Daniels Midland Company (US)
  • POET LLC (US)
  • Green Plains Inc. (US)
  • Valero Energy Corporation (US)
  • Raízen (Brazil)
  • CropEnergies AG (Germany)
  • Tereos (France)
  • Pacific Ethanol, Inc. (US)
  • Abengoa Bioenergy (Spain)
  • Royal Dutch Shell (Netherlands/UK)
  • Petrobras (Brazil)
  • Flint Hills Resources (US)
  • Neste Corporation (Finland)
  • BP p.l.c. (UK)
  • Sasol Limited (South Africa)
  • Aemetis, Inc. (US)
  • Ethanol Europe Renewables Ltd. (UK)
  • The Andersons, Inc. (US)
  • ICM, Inc. (US)
  • Novozymes A/S (Denmark)

Global Bioethanol Market Recent Developments

  • In March 2022, Valero Energy Corporation, headquartered in the US, announced plans to expand its Diamond Green Diesel plant in Louisiana, which produces renewable diesel from bio feedstocks. The expansion project aims to increase the facility's production capacity to meet the growing demand for renewable fuels.
  • In February 2022, Novozymes A/S, a Denmark-based biotechnology company, announced the launch of Innova Drive™, a new enzyme solution for the bioethanol industry. Innova Drive™ enables higher ethanol yield, reduced energy consumption, and improved process efficiency in bioethanol production.
  • In October 2021, Tereos, a global agro-industrial group based in France, announced the acquisition of the bioethanol business of Petrobras, a Brazilian energy company. This acquisition strengthened Tereos' presence in the Brazilian bioethanol market and expanded its production capacity.
  • In May 2021, BP p.l.c., a UK-based multinational oil and gas company, announced the formation of a strategic partnership with Aemetis, Inc. The collaboration aimed to develop and expand the production of advanced biofuels, including sustainable aviation fuel (SAF) and renewable diesel.

Bioethanol Key Market Trends

  • Advanced Bioethanol Technologies: The development of advanced bioethanol technologies, such as cellulosic ethanol production, is a key trend in the industry. Cellulosic ethanol is derived from non-food feedstocks, including agricultural residues and dedicated energy crops, offering a more sustainable and efficient production process.
  • Integration of Bioethanol with Other Industries: The trend of integrating bioethanol production with other industries, such as agriculture and waste management, is gaining traction. This integration allows for the utilization of by-products and waste streams to produce bioethanol, enhancing the overall sustainability and economic viability of the process.

Bioethanol Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global bioethanol market analysis, the increasing demand for renewable energy sources and the need to reduce carbon emissions are the key growth drivers. Government initiatives and policies promoting the use of biofuels, along with the rising awareness of environmental sustainability, are contributing to the market's growth. The market also faces certain challenges and constraints. One of the main challenges is the high production cost of bioethanol compared to conventional fuels. The availability and cost of feedstocks, such as crops used for bioethanol production, can impact the overall cost and profitability. The global bioethanol market offers significant opportunities. Technological advancements in bioethanol production processes, such as the use of advanced enzymes and fermentation techniques, are improving efficiency and reducing costs. The global bioethanol market is poised for growth due to increasing demand for renewable energy, government support, and technological advancements. As the world strives for a greener and more sustainable future, bioethanol is expected to play a crucial role in meeting energy needs while reducing environmental impact.

Report Metric Details
Market size value in 2023 USD 34 Billion
Market size value in 2031 USD 110.57 Billion
Growth Rate 14%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Blend type
    • E10 (10% ethanol, 90% gasoline), E15 (15% ethanol, 85% gasoline), and Other Blends (E5, E20, etc.)
  • Application
    • Transportation, Industrial, Power Generation, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Archer Daniels Midland Company (US)
  • POET LLC (US)
  • Green Plains Inc. (US)
  • Valero Energy Corporation (US)
  • Raízen (Brazil)
  • CropEnergies AG (Germany)
  • Tereos (France)
  • Pacific Ethanol, Inc. (US)
  • Abengoa Bioenergy (Spain)
  • Royal Dutch Shell (Netherlands/UK)
  • Petrobras (Brazil)
  • Flint Hills Resources (US)
  • Neste Corporation (Finland)
  • BP p.l.c. (UK)
  • Sasol Limited (South Africa)
  • Aemetis, Inc. (US)
  • Ethanol Europe Renewables Ltd. (UK)
  • The Andersons, Inc. (US)
  • ICM, Inc. (US)
  • Novozymes A/S (Denmark)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Bioethanol Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Bioethanol Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Bioethanol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioethanol Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioethanol Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Bioethanol Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Bioethanol Market size was valued at USD 34 Billion in 2021 and is poised to grow from USD 38.76 Billion in 2022 to USD 110.57 Billion by 2030, at a CAGR of 14% during the forecast period (2023-2030).

The bioethanol market has a highly competitive landscape with the presence of several key players. These companies compete based on factors such as production capacity, technology advancements, distribution networks, and product quality. The competitive landscape also includes other regional and local players that contribute to the market's competitiveness and innovation. Companies in the bioethanol market strive to enhance their production capabilities, develop advanced biofuel technologies, and establish strategic partnerships to strengthen their market position and capitalize on the growing demand for sustainable energy sources. 'Archer Daniels Midland Company (US)', 'POET LLC (US)', 'Green Plains Inc. (US)', 'Valero Energy Corporation (US)', 'Raízen (Brazil)', 'CropEnergies AG (Germany)', 'Tereos (France)', 'Pacific Ethanol, Inc. (US)', 'Abengoa Bioenergy (Spain)', 'Royal Dutch Shell (Netherlands/UK)', 'Petrobras (Brazil)', 'Flint Hills Resources (US)', 'Neste Corporation (Finland)', 'BP p.l.c. (UK)', 'Sasol Limited (South Africa)', 'Aemetis, Inc. (US)', 'Ethanol Europe Renewables Ltd. (UK)', 'The Andersons, Inc. (US)', 'ICM, Inc. (US)', 'Novozymes A/S (Denmark)'

Supportive government policies and regulations promoting the use of biofuels, including bioethanol, are driving market growth. These policies aim to reduce carbon emissions and dependence on fossil fuels, thereby creating a favorable environment for bioethanol production and consumption.

Advanced Bioethanol Technologies: The development of advanced bioethanol technologies, such as cellulosic ethanol production, is a key trend in the industry. Cellulosic ethanol is derived from non-food feedstocks, including agricultural residues and dedicated energy crops, offering a more sustainable and efficient production process.

North America is currently the dominant region in the bioethanol market owing to the high adoption rate of biofuels in the region, driven by government policies and initiatives to reduce greenhouse gas emissions. The United States is the largest market for bioethanol in North America, with increasing production and consumption of bioethanol as a fuel additive in gasoline.

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