Bioethanol Market Size, Share, Growth Analysis, By Blend type(E10 (10% ethanol, 90% gasoline)), By Application(Transportation, Industrial) - Industry Forecast 2024-2031

Q: What is the global market size of Bioethanol Market?

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).

Q: Who are the key vendors in the Global Bioethanol Market?

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. '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)'.

Q: Which region accounted for the largest share in Global Bioethanol Market?

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.

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

Bioethanol Market News

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.

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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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Bioethanol Market Size, Share, Growth Analysis, By Blend type(E10 (10% ethanol, 90% gasoline)), By Application(Transportation, Industrial) - Industry Forecast 2024-2031

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What is the market size of Bioethanol Market?

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