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Bioethanol Market: Emerging Opportunities and Global Market Analysis (2024-2030)
Bioethanol market size was valued at US $50.22 Billion in 2023 and the Bioethanol market revenue is expected to grow at 14.21% through 2024 to 2030, reaching nearly US $127.31 Billion. The report analyzes Bioethanol market dynamics by region, fuel blend, and applications.
Format : PDF | Report ID : SMR_275
Bioethanol Market Overview:
Biofuels are fluid or vaporous fills produced using biodegradable parts of products, agrarian and forestry waste residues, and the biodegradable portion of municipal and industrial junk. One of the most encouraging biofuels for what's to come is ethanol delivered from sustainable power sources. Even though bioethanol energizes can be made by consolidating ethylene and water in a substance cycle, it is generally regularly made by aging sugars from dull yields including corn, wheat, sugar stick, and sorghum plants. Bioethanol Market report's segment analysis is prepared on the basis of fuel blend, application and region.
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Bioethanol is consumed as a petroleum-added substance in the gasoline market. It is a high-power fuel that has accepted the place of lead as an octane driver in gasoline. The expansion of ethanol to gas oxygenates the fuel blend, permitting it to consume totally and radiate less risky discharges. The most regular combination is 90% fuel and 10% ethanol.
Bioethanol Market Dynamics:
Benefits of Bioethanol Over Conventional Fuel:
When compared with conventional fuels, bioethanol gives many benefits. In the first place, it is produced using inexhaustible assets like crop harvests. Accordingly, there is next to zero net carbon dioxide transmitted to the environment, making bioethanol an environmentally friendly power energy source. Mixing bioethanol with gas makes up for declining oil supplies across the globe, offering more noteworthy fuel security and staying away from country-to-country dependence on unfamiliar fuel supplies. The grown interest in the yields expected for bioethanol production is probably going to help the rural networks. These all factors are equally responsible in the growth of bioethanol market.
Bioethanol additionally assists with improving air quality by decreasing carbon monoxide outflows from maturing auto motors. One more huge benefit of bioethanol is the simplicity with which it tends to be coordinated into the present road transportation fuel framework - bioethanol might be mixed with conventional fuels up to 15% without requiring motor changes.
Favorable environmental impact of Bioethanol:
The major demand in the bioethanol market is to improve air quality. Bioethanol limits the consumption of cancer-causing fuel components like ethylbenzene, xylene, toluene, and benzene when added to gasoline. It additionally eliminates little particulate and residue outflows from the engine, as well as ozone-depleting substance emissions.
Ethanol plant plans that save water are genuinely regular. Also, the water radiated from these plants is overseen with the end goal that it leaves the plant in an earth impartial state. The wastewater generated during the ethanol production process is overseen and reused at certain plants. In this way, consumption of bioethanol benefits the climate decreases fumes gas emissions, and improves energy security and transportation facility execution.
Automobile engine design:
The progressions expected to run internal combustion engines on biofuel change depending upon the biofuel consumed and the type of the engine. Biobutanol, for example, can be consumed in fuel motors with next to no adjustments. Be that as it may, minor changes are expected to run on bioethanol or bio-methanol. Both of these fuels, also as vegetable oils, can be consumed in less expensive diesel engines.
|
Fuel Properties |
Gasoline |
Bioethanol |
|
Molecular weight (kg/kmol) |
111 |
46 |
|
Density @ 15 deg. C (kg/lit) |
0.75 |
0.80-0.82 |
|
Oxygen content (wt%) |
0.00 |
34.8 |
|
Lower calorific value (MJ/kg) @ 15 deg. C |
41.3 |
26.4 |
|
Lower calorific value (MJ/lit) @ 15 deg. C |
31 |
21.2 |
|
Octane number (RON) |
97 |
109 |
|
Octane number (MON) |
86 |
92 |
|
Cetane number |
8 |
11 |
|
Stoichiometric Air/fuel ratio (kg air/kg fuel) |
14.7 |
9.0 |
|
Boiling temperature (deg. C) |
30-190 |
78 |
|
Reid Vapor Pressure @ 15 deg. C (kPa) |
75 |
16.5 |
Only if the engine was designed with indirect injection in mind is it possible. If an indirect injection is not installed, the engine must be modified to accommodate it. As a result, the biggest barrier in front of all global automotive manufacturers is changing an automobile engine to meet bioethanol requirements.
Economic possibility:
Miscanthus can produce 742 gallons of ethanol/acre of land, over twice as much as maize (399 gallons per acre assuming an average yield of 145 bushels/acre under standard corn-soybean rotation) and nearly three times as much as corn stover (165 gallons/acre) and switchgrass (214 gallons/acre). The high cost of manufacturing is a major hurdle to large-scale adoption of 2nd Generation biofuels, and market demand is likely to be driven mostly by price competitiveness with corn ethanol and gasoline.
At US $1.46 per gallon, cellulosic fuel conversion costs were roughly double that of corn-based ethanol, which cost US $0.78 / gallon at the time. Corn stover and miscanthus cellulosic biofuels were 24% and 29% more expensive than corn ethanol, respectively, while switchgrass biofuel was near twice as expensive. As a result, over the forecast period, the economic possibility of bioethanol over conventional fuel may function as a barrier.
Bioethanol Market Segment Analysis:
Based on Fuel Blend, the Bioethanol market is segmented as follows, E-5, E-10, E-15 to E-70, E-75 to E-85, and E-85 to E-100. The E-10 segment is expected to have the highest market share of xx% and to be the largest bioethanol market during the forecast period. To reduce global house gas (GHG) emissions, many nations in Europe and other regions have enforced the use of E-10 fuel blends in cars. Thus, the demand for E-10 fuel blends is increasing, particularly in European nations.
Bioethanol Market Regional Insights:
With a market share of more than 58% in 2023 North America was the industry leader in bioethanol. Thanks to increased acceptability and government support for creating environmentally viable and sustainable fuels, it is likely to be the primary donor over the forecast period. The large maize crop in North America has also created a favorable economic atmosphere for the region's bioethanol market.
Because of increased government support for bioethanol, Latin America is likely to maintain its second place in the bioethanol industry, behind North America. Brazil is the world's second-largest ethanol producer, producing over a quarter of all ethanol produced worldwide.
For example, researchers at Kanazawa University's Institute of Science and Engineering have devised novel solvent mixtures to break down the strong structure of plant cellulose to produce bioethanol. These new solvents operate better in low-temperature environments, have lower toxicity, and are more environmentally friendly than present solvents. This research could lead to better biomass-to-fuel conversion methods, which are currently inefficient.
The objective of the report is to present a comprehensive analysis of the Bioethanol Market to the stakeholders in the industry. The report provides trends that are most dominant in the Bioethanol Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Bioethanol Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Bioethanol Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Bioethanol Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Bioethanol Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Bioethanol Market is aided by legal factors.
Bioethanol Market Scope:
|
Bioethanol Market |
|
|
Market Size in 2023 |
USD 50.22 Bn. |
|
Market Size in 2030 |
USD 127.31 Bn. |
|
CAGR (2024-2030) |
14.21 % |
|
Historic Data |
2018-2022 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2030 |
|
Segment Scope |
By Fuel Blend
|
|
By Application
|
|
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Bioethanol Market Key Players
- Cropenergies AG (Germany)
- Cristal Union (France)
- Archer Daniels Midland Company (United States)
- Petrobras (Brazil)
- Tereos (France)
- Alcogroup (Belgium)
- DowDuPont (United States)
- BlueFire Renewables Inc. (United States)
- Pannonia Bio (Hungary)
- Valero Marketing and Supply Company (United States)
- BP PLC (United Kingdom)
- POET LLC (United States)
- Green Plains (United States)
- Valero Energy Corporation (United States)
- Raizen (Brazil)
- Others
Frequently Asked Questions
The economic possibility of bioethanol and designing engine for automobiles are the key factors expected to hinder the growth of the market during the forecast period.
The Bioethanol market is expected to grow at a CAGR of 14.21% during the forecast period (2024-2030).
The benefits of bioethanol over conventional fuels and its favorable impact on the environment are the key factors expected to drive the growth of the market during the forecast period.
Cropenergies AG (Germany), Cristal Union (France), Archer Daniels Midland Company (United States), Petrobras (Brazil), Tereos (France), Alcogroup (Belgium), DowDuPont (United States), BlueFire Renewables Inc. (United States), Pannonia Bio (Hungary), Valero Marketing and Supply Company (United States), BP PLC (United Kingdom), POET LLC (United States), Green Plains (United States), Valero Energy Corporation (United States), Raizen (Brazil), and Others are the key players for the Bioethanol market.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1.Research Process
2.2.Global Bioethanol Market: Target Audience
2.3.Global Bioethanol Market: Primary Research (As per Client Requirement)
2.4.Global Bioethanol Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1.Market Share Analysis, By Value, 2023-2030
4.1.1.Market Share Analysis, By Region, By Value, 2023-2030 (In %)
4.1.1.1.North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2.Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3.Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4.South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5.Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.1.2.Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.1.North America Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.1.1.USA Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.1.2.Canada Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.1.3.Mexico Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.Europe Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.1.UK Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.2.France Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.3.Germany Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.4.Italy Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.5.Spain Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.6.Sweden Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.7.Austria Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.2.8.Rest of Europe Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.Asia Pacific Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.1.China Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.2.India Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.3.Japan Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.4.South Korea Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.5.Australia Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.6.ASEAN Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.3.7.Rest of APAC Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.4.South America Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.4.1.Brazil Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.4.2.Argentina Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.4.3.Rest of South America Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.5.Middle East and Africa Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.5.1.South Africa Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.5.2.GCC Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.5.3.Egypt Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.5.4.Nigeria Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.2.5.5.Rest of Middle East and Africa Market Share Analysis, By Fuel Blend, By Value, 2023-2030 (In %)
4.1.3.Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.North America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.1.USA Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.2.Canada Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.3.Mexico Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.Europe Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.1.UK Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.2.France Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.3.Germany Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.4.Italy Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.5.Spain Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.6.Sweden Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.7.Austria Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.8.Rest of Europe Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.Asia Pacific Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.1.China Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.2.India Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.3.Japan Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.4.South Korea Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.5.Australia Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.6.ASEAN Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.7.Rest of APAC Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.South America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.1.Brazil Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.2.Argentina Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.3.Rest of South America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.1.South Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.2.GCC Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.3.Egypt Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.4.Nigeria Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.5.Rest of Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.2. Stellar Competition matrix
4.2.1.Global Stellar Competition Matrix
4.2.2.North America Stellar Competition Matrix
4.2.3.Europe Stellar Competition Matrix
4.2.4.Asia Pacific Stellar Competition Matrix
4.2.5.South America Stellar Competition Matrix
4.2.6.Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1.Key Players Benchmarking by Fuel Blend, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1.M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1.Market Drivers
4.5.2.Market Restraints
4.5.3.Market Opportunities
4.5.4.Market Challenges
4.5.5.PESTLE Analysis
4.5.6.PORTERS Five Force Analysis
4.5.7.Value Chain Analysis
Chapter 5 Global Bioethanol Market Segmentation: By Fuel Blend
5.1.Global Bioethanol Market, By Fuel Blend, Overview/Analysis, 2023-2030
5.2.Global Bioethanol Market, By Fuel Blend, By Value, Market Share (%), 2023-2030 (USD Billion)
5.3.Global Bioethanol Market, By Fuel Blend, By Value, -
5.3.1.E-5
5.3.2.E-10
5.3.3.E-15 to E-70
5.3.4.E-75 to E-85
5.3.5.E-85 to E-100
Chapter 6 Global Bioethanol Market Segmentation: By Application
6.1.Global Bioethanol Market, By Application, Overview/Analysis, 2023-2030
6.2.Global Bioethanol Market Size, By Application, By Value, Market Share (%), 2023-2030 (USD Billion)
6.3.Global Bioethanol Market, By Application, By Value, -
6.3.1.Fuel
Chapter 7 Global Bioethanol Market Segmentation: By Region
7.1.Global Bioethanol Market, By Region – North America
7.1.1.North America Bioethanol Market Size, By Fuel Blend, By Value, 2023-2030 (USD Billion)
7.1.2.North America Bioethanol Market Size, By Application, By Value, 2023-2030 (USD Billion)
7.1.3.By Country – U.S.
7.1.3.1.U.S. Bioethanol Market Size, By Fuel Blend, By Value, 2023-2030 (USD Billion)
7.1.3.2.U.S. Bioethanol Market Size, By Application, By Value, 2023-2030 (USD Billion)
7.1.3.3.Canada Bioethanol Market Size, By Value, 2023-2030 (USD Billion)
7.1.3.4.Mexico Bioethanol Market Size, By Value, 2023-2030 (USD Billion)
7.2. Europe Bioethanol Market Size, By Value, 2023-2030 (USD Billion)
7.2.1.UK
7.2.2.France
7.2.3.Germany
7.2.4.Italy
7.2.5.Spain
7.2.6.Sweden
7.2.7.Austria
7.2.8.Rest of Europe
7.3. Asia Pacific Bioethanol Market Size, By Value, 2023-2030 (USD Billion)
7.3.1.China
7.3.2.India
7.3.3.Japan
7.3.4.South Korea
7.3.5.Australia
7.3.6.ASEAN
7.3.7.Rest of APAC
7.4. Middle East and Africa Bioethanol Market Size, By Value, 2023-2030 (USD Billion)
7.4.1.South Africa
7.4.2.GCC
7.4.3.Egypt
7.4.4.Nigeria
7.4.5.Rest of Middle East and Africa
7.5. South America Bioethanol Market Size, By Value, 2023-2030 (USD Billion)
7.5.1.Brazil
7.5.2.Argentina
7.5.3.Rest of South America
Chapter 8 Company Profiles
8.1.Key Players
8.1.1.Cropenergies AG (Germany)
8.1.1.1.Company Overview
8.1.1.2.Fuel Blend Portfolio
8.1.1.3.Financial Overview
8.1.1.4.Business Strategy
8.1.1.5.Key Developments
8.1.2.Cristal Union (France)
8.1.3.Archer Daniels Midland Company (United States)
8.1.4.Petrobras (Brazil)
8.1.5.Tereos (France)
8.1.6.Alcogroup (Belgium)
8.1.7.DowDuPont (United States)
8.1.8.BlueFire Renewables Inc. (United States)
8.1.9.Pannonia Bio (Hungary)
8.1.10.Valero Marketing and Supply Company (United States)
8.1.11.BP PLC (United Kingdom)
8.1.12.POET LLC (United States)
8.1.13.Green Plains (United States)
8.1.14.Valero Energy Corporation (United States)
8.1.15.Raizen (Brazil)
8.1.16.Others
8.2.Key Findings
8.3.Recommendations
