FEATURED COMPANIES
- Abengoa
- Attis Industries Inc
- CropEnergies AG
- Green Plains Inc.
- Lantmannen
- SEKAB
The bio-ethanol market size was estimated at around 97,921.35 million liters in 2021. and the market is projected to register a CAGR greater than 4% during the forecast period.
Major factors driving the market are the increasing government initiativesand uplifting of restrictions on marketing gasoline, containing a higher percentage of ethanol in the United States.
The bio-ethanol market is fragmented with several players operating in the market. Some of these major players (Not in any particular order) include POET, LLC, Valero, ADM, Green Plains Inc., and Flint Hills Resources, among others.
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Major factors driving the market are the increasing government initiativesand uplifting of restrictions on marketing gasoline, containing a higher percentage of ethanol in the United States.
Key Highlights
- Over the short term, increasing demand for bio-ethanol blending in gasoline and increasing government initiatives to produce and use greener fuels, like bio-ethanol, are driving the market’s growth.
- In the case of the United States, specifically, uplifting restrictions on selling gasoline containing a high percentage of ethanol will be a major driver in the country.
- On the flip side, shifting focus to bio-butanol and less mileage provided, when blended with more percentage of bio-ethanol, are going to hinder the market's growth somehow. Moreover, declining sales and production in the automotive industry may further have an adverse impact on the market studied.
- Increasing consumption of biofuels like bio-ethanol in the aviation industry is likely to create opportunities for the market in the coming years.
- North America dominated the market across the world, with the largest consumption from the United States.
Key Market Trends
Automotive and Transportation Segment to Drive the Market Growth
- Largest applications of bio-ethanol are in the automotive and transportation industry as a fuel and fuel additive. It is used alongside conventional petrol to fuel petrol engines in road vehicles. It can also be used for the production of ETBE (ethyl-tertiary-butyl-ether), which is an octane booster and used in many types of petrol.
- Blending bio-ethanol with conventional fuels improves their renewability. E10 fuel is so named because it contains 10% ethanol. bio-ethanol is a low-carbon fuel, which can help to decarbonize the transport industry.
- Though bio-ethanol is dominated by biodiesel in Asia-Pacific and Europe, it is the majorly used biofuel in the North and South American regions. According to BP p.l.c., bio-ethanol accounted for around 83% and 72% of the total biofuel produced in North America and South & Central America region separately.
- In 2021 according to OICA data the overall production of automotive has ìncreased by 3% in 2021 compared to 2020. The global automotive production in 2021 was around 801,45,988 units.
- With Asian countries like India and China announcing their plans to increase the consumption of bio-ethanol in fuels, the consumption of bio-ethanol is likely to bounce back during the forecast
Increasing demand in North America
- The North American region is dominating the global bio-ethanol market share. The United States is the largest producer of bio-ethanol worldwide, followed by Brazil, China, India, and Canada. It is also the largest consumer of bio-ethanol.
- In recent years, bio-ethanol production increased as a result of higher renewable fuel standard (RFS) targets and growth in domestic motor gasoline consumption, almost all of which is now blended with 10% ethanol by volume.
- In 2021 the overall production of automobiles in North America is around 1,34,27,869 units compared to 1,33,74,404 units in 2020.
- Around 93% of the country's 263 million registered automobiles can operate on E15. Furthermore, around 22 million flex-fuel vehicles (FFVs) in the United States can run on ethanol blends up to E85.
- The Canadian Clean Fuel Standard require liquid fuel (gasoline, diesel, home heating oil) suppliers to gradually reduce the carbon intensity of the fuels they produce and sell for use in Canada over time, resulting in a reduction in the carbon intensity of liquid fuels used in Canada of approximately 13% (below 2016 levels) by 2030.
- Due to all the aforementioned factors the demand for the market studied is expected to increase in North America Region.
Competitive Landscape
The bio-ethanol market is fragmented with several players operating in the market. Some of these major players (Not in any particular order) include POET, LLC, Valero, ADM, Green Plains Inc., and Flint Hills Resources, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
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FEATURED COMPANIES
- Abengoa
- Attis Industries Inc
- CropEnergies AG
- Green Plains Inc.
- Lantmannen
- SEKAB
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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A selection of companies mentioned in this report includes:
- AbengoaADM
Alto Ingredients Inc.
Attis Industries Inc
Cristalco
CropEnergies AG
Ethanol Technologies
GranBio Investimentos SA
Green Plains Inc.
Henan Tianguan Group Co. Ltd
Cenovus Energy
INEOS
Jilin Fuel Ethanol Co. Ltd
KWST
Lantmannen
POET LLC.
Raizen
SEKAB
SUNCOR Energy Inc.
Tereos SA
Valero
Verbio Vereinigte BioEnergie AG
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