+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Bioethanol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • PDF Icon

    Report

  • 255 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4515008
The bioethanol market is estimated at around 102,174.66 million liters in 2022, and the market is projected to register a CAGR of over 5% during the forecast period (2022-2027).

The bioethanol market was adversely affected by COVID-19 due to disruptions in the supply chain. However, the market rebounded in 2021. The major factors driving the market are the increasing government initiatives​ and the uplifting of restrictions on marketing gasoline containing a higher percentage of ethanol in the United States​.

Key Highlights

  • Over the short term, increasing favorable initiatives, blending mandates by regulatory bodies, and rising environmental concerns about the use of fossil fuels and the need for biofuels are the factors driving the market’s growth.
  • Phasing out of fuel-based vehicles due to rising demand for electric vehicles and shifting focus to bio-butanol are the factors that are hindering the market's growth.
  • Developing second-generation bio-ethanol production and increasing consumption of biofuels like bioethanol in the aviation industry is likely to create opportunities for the market in the future.
  • North America dominated the global market, with the United States' largest consumption.

Key Market Trends

Increasing Usage in the Automotive and Transportation Sector

  • The largest bioethanol applications are in the automotive and transportation industries as fuel and fuel additives. It is used alongside conventional petrol to fuel petrol engines in road vehicles. It can also be used to produce ETBE (ethyl-tertiary-butyl-ether), an octane booster used in many types of petrol.
  • Blending bioethanol with conventional fuels improves its renewability. E10 fuel is so named because it contains 10% ethanol. Bioethanol is a low-carbon fuel that may help to decarbonize the transport industry.
  • Bioethanol 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 PLC, bioethanol accounted for around 83% and 72% of the total biofuel produced in North America and South and Central America, respectively.
  • In 2021, according to OICA data, the overall production of automobiles increased by 3% compared to 2020. The global automotive production in 2021 was around 801,45,988 units.
  • In December 2020, the German motoring association ADAC backed the proposition of doubling the existing ethanol blending percentage with petrol in car engines from 10% to 20% to reduce carbon emissions.
  • With Asian countries like India and China announcing their plans to increase bioethanol blending in fuels, bioethanol consumption is likely to increase during the forecast period.

North America Region to Dominate the Market

  • The North American region is dominating the bioethanol market share. The United States is the largest producer of bioethanol globally, followed by Brazil, China, India, and Canada. It is also the largest consumer of bioethanol.
  • In recent years, bioethanol production increased due to 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 was 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 may 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 requires liquid fuel (gasoline, diesel, and 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.
  • These initiatives include the Canadian government's recent USD 1.5 billion investment in a Low-carbon and Zero-Emissions Fuels Fund, which may enhance support for local production and adoption of low-carbon fuels like hydrogen and biofuels.
  • Due to all the factors mentioned above, the demand in the market studied is expected to increase in the North American region.

Competitive Landscape

The bioethanol market is moderately fragmented. Some major players in the market include POET LLC, Valero, ADM, Green Plains Inc., and Alto Ingredients Inc., among others (not in any particular order).

Additional benefits of purchasing this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Report
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Favorable Initiatives and Blending Mandates by Regulatory Bodies
4.1.2 Rising Environmental Concerns by the Use of Fossil Fuels and Need for the Bio-fuels
4.2 Restraints
4.2.1 Phasing out of Fuel-based Vehicles Due to Rising Demand for Electric Vehicles
4.2.2 Shifting Focus to Bio-butanol
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 By Feedstock Type
5.1.1 Sugarcane
5.1.2 Corn
5.1.3 Wheat
5.1.4 Other Feedstock Types
5.2 By Application
5.2.1 Automotive and Transportation
5.2.2 Food and Beverage
5.2.3 Pharmaceutical
5.2.4 Cosmetics and Personal Care
5.2.5 Other Applications
5.3 By Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/ Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Abengoa
6.4.2 ADM
6.4.3 Alto Ingredients Inc.
6.4.4 Blue Bio Fuels Inc.
6.4.5 Cenovus Inc.
6.4.6 Cristalco
6.4.7 Cropenergies AG
6.4.8 Ethanol Technologies
6.4.9 Granbio Investimentos SA
6.4.10 Green Plains Inc
6.4.11 Henan Tianguan Group Co. Ltd
6.4.12 Jilin Fuel Ethanol Co. Ltd
6.4.13 KWST
6.4.14 Lantmannen
6.4.15 Poet LLC
6.4.16 Raizen
6.4.17 Sekab
6.4.18 Suncor Energy Inc.
6.4.19 Tereos
6.4.20 Valero
6.4.21 Verbio Vereinigte Bioenergie AG
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Second-generation Bio-ethanol Production
7.2 Increasing Consumption of Bio-fuels in the Aviation Industry

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abengoa
  • ADM
  • Alto Ingredients Inc.
  • Blue Bio Fuels, Inc.
  • Cenovus Inc.
  • Cristalco
  • Cropenergies AG
  • Ethanol Technologies
  • Granbio Investimentos SA
  • Green Plains Inc
  • Henan Tianguan Group Co. Ltd
  • Jilin Fuel Ethanol Co. Ltd
  • KWST
  • Lantmannen
  • Poet LLC
  • Raizen
  • Sekab
  • Suncor Energy Inc.
  • Tereos
  • Valero
  • Verbio Vereinigte Bioenergie AG

Methodology

Loading
LOADING...