The Global Bioethanol Market size is projected to grow from USD 33.7 billion in 2020 to USD 77.24 billion by 2027, at a CAGR of 12.58%, from 2020 to 2027. Bioethanol, an alternative to petrol, is a biofuel obtained from natural sources such as sugarcane, maize, and corn. Food crops are used to produce bioethanol; however, with the introduction of second- & third-generation biofuel technologies, the dependence on food crops for producing bioethanol has decreased. The manufacturers’ focus is more on using agricultural & forest residues and energy crops such as miscanthus, switchgrass, sugarcane bagasse for producing bioethanol.
Bioethanol is a cheaper and a more environmentally-friendly alternative for gasoline or petroleum fuel cars. Small percentage of bioethanol is mixed with the pure gasoline to prepare bioethanol blends, which burns more efficiently and produces zero carbon emission. As a result, the use of bioethanol fuel blends is mandated in many countries around the world. This increases the use of bioethanol in the transportation end-use industry.
Key players, including Archer Daniels Midland (US), POET, LLC (US), Green Plains (US), Valero Energy Corporation (US), Tereos (France), and Raizen (Brazil) have adopted strategies, such as expansion and merger & acquistion to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the bioethanol market.
Bioethanol is a cheaper and a more environmentally-friendly alternative for gasoline or petroleum fuel cars. Small percentage of bioethanol is mixed with the pure gasoline to prepare bioethanol blends, which burns more efficiently and produces zero carbon emission. As a result, the use of bioethanol fuel blends is mandated in many countries around the world. This increases the use of bioethanol in the transportation end-use industry.
Key players, including Archer Daniels Midland (US), POET, LLC (US), Green Plains (US), Valero Energy Corporation (US), Tereos (France), and Raizen (Brazil) have adopted strategies, such as expansion and merger & acquistion to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the bioethanol market.
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