21:53 | 15.08.2018
Bioethanol Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 – ResearchAndMarkets.com
Market: Global Industry Analysis, Trends, Market Size and Forecasts up
to 2024” report has been added to ResearchAndMarkets.com’s
The report predicts the global bioethanol market to grow with a CAGR of
4.2% over the forecast period of 2018-2024.
The report on global bioethanol market provides qualitative and
quantitative analysis for the period of 2016 to 2024.
Bioethanol is used as fuel substitute for road transport vehicles.
Bioethanol is mainly formed by the sugar fermentation process as well as
by the chemical process of reacting ethylene with steam. The sugar is
derived from crops that are specially grown for energy use including
corn, wheat crops, sawdust, cord grasses and others. The ethanol is a
colorless liquid with low toxicity and does not cause any environmental
pollution if it is used as fuel for transportation vehicles. Thus,
ethanol is now considered one of the best suitable alternatives for
Transportation vehicles are one of the major pollution contributors as
they produce significant amounts of carbon monoxide, nitrogen oxides and
other pollutants according to the EPA (U.S. Environmental Protection
Agency), which sets National Ambient Air Quality Standards (NAAQS) for
six common air pollutants that include Carbon Monoxide, Lead, Nitrogen
Dioxide, and others. Thus, people are shifting towards ethanol based
cars which in turn would help the bioethanol market.
The environmental related concerns are rising among the population
across the world, which creates the demand of bioethanol products
worldwide. The fuel produced from crops is not only used for
transportation purposes but also in power generation, chemical
manufacturing, cogeneration systems, cosmetics industries and others as
they are easily available and provide clean burning, which is driving
the growth of bioethanol market. However, growing adoption of hybrid and
electric vehicles can hinder the growth of the market. Moreover, ongoing
research and development to introduce new crops for bioethanol
production is likely to serve more opportunities for the bioethanol
market in upcoming years.
Geographically, North America accounts for a major share of global
bioethanol market and Asia Pacific is growing with the highest CAGR. In
the North America region, in various countries such as U.S., the
governments have some stringent environment related regulations; as a
result, bioethanol is used as an alternative to the traditional fuels.
Furthermore, the technological advancements and easy availability of the
raw products for bioethanol are likely to escalate the growth of the
bioethanol market in this region. Moreover, presence of major
agriculture countries such as India & China and the availability of the
land for the production of corn, wheat crops, sawdust, cord grasses and
other are driving the market of biodiesel in the Asia-Pacific region.
Segments CoveredGlobal Bioethanol Market by Raw Material
Global Bioethanol Market by Blend
E15 To E70
E75 To E85
Global Bioethanol Market by End Use Industries
Archer Daniels Midland Company
E. I. du Pont de Nemours and Company
Royal Dutch Shell PLC
Vivergo Fuels Limited
New Generation Biofuels Holdings, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/5hlc9x/bioethanol?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005675/en/