The global bioethanol market Growth Accelerated by Expanding in Transportation Fuel Emulsions

 Bioethanol Market worth $114.7 billion by 2028 - At a CAGR of 6.6% - Textile Magazine, Textile News, Apparel News, Fashion News

Bioethanol has widespread applications as a transportation fuel, both directly as E85 fuel for flex-fuel vehicles and as an emulsifier in gasoline. It is produced from corn, sugarcane, and cellulosic biomass feedstocks through fermentation. Bioethanol offers a cleaner and renewable alternative to fossil fuels and helps reduce greenhouse gas emissions. It is easily blended into gasoline and used as a gasoline extender or oxygenate.

The global bioethanol market size is estimated to be valued at US$ 13.7 billion in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The expanding use of bioethanol in transportation fuel emulsions, especially in countries like Brazil, is one of the major trends driving the bioethanol market growth. Brazil is the second largest producer of bioethanol globally and has the largest flex-fuel vehicle fleet that can operate on any blend of gasoline and hydrous ethanol up to 100%. Brazil blends around 27% of ethanol into gasoline. Other countries are also promoting mid-level ethanol blends like E15 and E20 to increase the usage of biofuels. This is increasing the demand for bioethanol.

Segment Analysis

The bioethanol market is segmented by raw material into sugarcane, corn, wheat and others. The corn segment dominated the market in 2021 owing to its abundance crop grown in regions like North America. The United States is the world's top producer and consumer of corn and corn remains the dominant feedstock for the U.S. bioethanol industry. Large fermentation facilities are being set up near corn cultivation areas to lower supply chain costs.

Key Takeaways

The global bioethanol market size is estimated to be valued at US$ 13.7 billion in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031.

Regional analysis: North America held the largest share of the bioethanol market in 2024, and is estimated to witness a growth rate of 7.8% during 2024-2031. Abundant availability of corn and government support through policies are driving the market in the US. Brazil is the second largest producer, due to the large sugarcane cultivation areas and domestic production meets more than half the country's transport fuel needs.

Key players: Key players operating in the bioethanol market are CropEnergies, British Sugar, New Generation Biofuels Holdings, Inc., Vivergo Fuels Limited, Butalco GmbH, and Global Green SA. CropEnergies is the largest producer in Europe with an annual production capacity of over 1.3 billion liters. The company is expanding its production facility in Germany to cater to the growing demand. British Sugar is a agri-business company engaged in sugar beet processing and production of bioethanol in the UK.

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