Market Research Report
Global Bioethanol Market Research Report, Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||606113|
|Published||Content info||190 Pages
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|Global Bioethanol Market Research Report, Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023|
|Published: February 12, 2018||Content info: 190 Pages||
The global bioethanol market is expected to have a CAGR of 6% during forecast period 2016-2023. The key factors driving the market growth are supportive government policies & mandates, volatile petroleum prices, increasing concern regarding greenhouse gas emissions and environmental changes and higher octane rating at lower price than unleaded/pure gasoline.
Geographically, global bioethanol market is segmented into Asia Pacific, Europe, North America and ROW. North America is dominating region for global bioethanol market in terms of market revenue share. Factors such as supportive environment regulations by government organisations for reduced emission of harmful greenhouse gases, growth of end-user industries such as transportation, alcoholic beverages, pharmaceuticals, cosmetics, etc. is expected to fuel the market growth in North America. Asia Pacific is the fastest growing market during forecast period 2016-2023 due to surging demand for alcoholic beverages in Asia Pacific countries such as India and China.
The global bioethanol market is influenced by presence of leading companies such as BP PLC, Dow-DuPont, Royal Dutch Shell PLC, Poet LLC, etc. Product launch, joint venture, merger and acquisition are some of the crucial strategies adopted by key market players to gain competitive advantage.
The report on global bioethanol market includes feedstock type, fuel blend and end users. On the basis of feedstock type, market is divided into starch-based feedstock, sugar-based feedstock, cellulose-based bioethanol, etc. Starch based feedstock is the dominating segment as it uses high starch content raw materials such as corn, wheat, barley, as feedstock for the production of bioethanol. However, cellulose based bioethanol is the fastest growing feedstock type segment as it consist of inedible feedstock. On the basis of fuel blends, market is segregated into E5, E10, E15 to E70, E75 to E85, etc. E10 is the leading fuel blend segment while E75 to E85 blend type segment are fastest growing segment during forecast period 2016-2023 due to increasing number of flex-fuel vehicles. The end-users of bioethanol are transportation, alcoholic beverages, cosmetics, pharmaceuticals, etc. Transportation is the dominating end-user segment owing to increased adoption of bioethanol in automobiles in order to limit the emission of greenhouse gas. However, alcoholic beverage segment is attributed to be the fastest growing segment through 2023 due to increased disposable personal income in developing countries such as China, India etc.