Bioethanol Market by Raw Material (Industrial Beets, Sugarcane, Grains and Others), Type (Cellulosic Ethanol, Corn-based Ethanol, Sugarcane-based Ethanol and Others), Blend (E10, E20 & E25, E70 & E75, E85 and Others), Generation (First Generation, Second Generation and Third Generation) and Application (Medical, Power Generation, Transportation and Others) - Global Industry Analysis And Forecast To 2025
Industry Outlook and Trend Analysis
The main alternative for vehicle fuels in bioethanol. Bioethanol is prepared by the process of fermentation, while registering itself at a compound annual growth rate (CAGR) during the forecast period. Sugar is the key element for fermentation; also it can be produced chemically using procedure for reciprocating ethylene with steam. The Bioethanol Market is seen to grow due to the increasing need for renewable and clean fuel resource. Bioethanol has number of uses like; cosmetic sector, transportation fuel, fuel for energy production, raw material in chemical sector, etc. Increased development in automatic and transport sector is triggering the growth of Bioethanol Market. Higher use of power across the globe is seen using bioethanol as a source of energy production in power plants and also in chemical sector
Drivers and Restrains
Bioethanol has factors like; being renewable, being biodegradable, and having more octane value and lesser rate of emission of greenhouse gases. Decrease in the conventional resources of energy and growth in use of renewable resources is the reason for its growth in market. Other factors for the growth is advancement in technique of production by more R&D, which is decreasing the manufacturing period and decreasing the manufacturing cost. These are driving agents of the market. The restrain to Bioethanol Market growth is large land needed for its farming, farmers are ready to grow fuel crop instead of food crop but it will be leading to food shortage.
The Bioethanol Market is segmented on the basis of Molecule Type and Route of Administration;
Based on Raw Material the market is divided into: Industrial Beets, Sugarcane, Grains and Others.
Based on Type the market is divided into: Cellulosic Ethanol, Corn-based Ethanol, Sugarcane-based Ethanol and Others.
Based on Blend the market is divided into: E10, E20 & E25, E70 & E75, E85 and Others.
Based on Generation the market is divided into: First Generation, Second Generation and Third Generation.
Based on Application the market is divided into: Medical, Power Generation, Transportation and Others.
Regional Outlook and Trend Analysis
Geographically, the Bioethanol Market is segmented into Europe, North America, Asia Pacific, Latin America, Middle East and Africa. North American region is seen leading the Bioethanol Market in the forecasted period due to increased demand and manufacturing of biofuels. The developed country like US is showing more use in North American region. Asia Pacific region is also showing higher rates of growth due to rising manufacturing in economies like India, Thailand and China.
The leading players in the Bioethanol Market are; BlueFire Ethanol Fuels Inc., POET LLC., Valero Renewable Fuels Company LLC., E. I. du Pont de Nemours and Company, BP plc, CropEnergies AG, Royal Dutch Shell PLC, Abengoa Bioenergy, Petrobras, and Archer Daniels Midland Company.
The Bioethanol Market is segmented as follows-
By Raw Material
E20 & E25
E70 & E75
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?