BIS Research Study Highlights the Transportation Grade Bioethanol Market to Reach $106.78 Billion by 2031
FREMONT, Calif., July 7, 2022 /PRNewswire/ -- The transportation grade bioethanol market is projected to reach $106.78 billion in terms of revenue by 2031, at a CAGR of 5.4%, reveals the premium market intelligence study by BIS Research.
The use of municipal solid wastes to create bioethanol fuel is the current focus of research and development activities. The use of bioethanol in the transportation sector is rising due to the blending mandates by various regulatory bodies, such as the Renewable Energy Directive (EU RED) and Renewable Fuel Standard.
Bioethanol is replacing lead as an octane enhancer in petrol. According to International Energy Agency (IEA), the transport sector is more reliant on fossil fuels compared to any other sector, accounting for 37% of CO2 emissions from the end-use industries. However, with bioethanol, some of these emissions can be reduced as the fuel crops absorb the CO2 released during growth.
The detailed study is a compilation of 178 market data tables and 25 figures spread through 232 pages and an in-depth TOC on "Transportation Grade Bioethanol Market - Analysis and Forecast, 2022-2031"
Demand - Drivers and Limitations
Following are the demand drivers for the transportation grade bioethanol market:
- Increased consumer awareness and preference toward sustainable products
- Increased investments in transportation grade bioethanol production
- Stringent rules and regulations related to carbon emissions
- Growing automotive industry
The transportation grade bioethanol market is expected to face some limitations due to the following challenges:
- High cost of cellulosic ethanol compared to first-generation bioethanol
- Complex production process
- Availability of substitutes
Reasons to Buy this Report:
This exclusive report on the transportation grade bioethanol market will help you in the following ways:
- Bioethanol market share for transportation applications by key players and extensive competitive benchmarking of more than 15 players has been done to offer a holistic view of the transportation grade bioethanol market landscape.
- Market ranking analysis based on product portfolio, recent developments, and regional spread has been provided.
- Investment landscape, including product adoption scenario, funding, and patent analysis, has been provided.
Analyst's Take on the Market:
According to Sachin Singh, Lead Analyst, BIS Research, "Bioethanol is a better replacement for conventional fossil fuels as it is highly sustainable. The growing shift toward environment-friendly products and blending mandates from regulatory bodies such as the Renewable Energy Directive (EU RED) and the Environmental Protection Agency (EPA) to increase the percentage of bioethanol in fuels are some of the key factors responsible for the market growth. Furthermore, the increase in the price of fossil fuels because of the Russia-Ukraine conflict has compelled the world to consider ways to minimize reliance on fossil fuels and accelerate the green transition."
View the report on Transportation Grade Bioethanol Market
Key Companies Operating in the Market and Competitive Landscape
The companies that are profiled have been selected based on inputs gathered from primary experts and the analysis of companies' coverage, product portfolios, and market penetration.
Some prominent names established in this market are:
Company Type 1: Raw Material - Sugarcane
- CropEnergies AG
- Cristal Union
- Tereos S.A.
- Alcogroup SA
- Vivergo Fuels Limited
- BlueFire Renewables Inc.
Company Type 2: Raw Material - Corn
- Archer Daniels Midland Company
- Alcogroup SA
- BlueFire Renewables Inc.
- Tereos S.A.
Company Type 3: Raw Material - Wheat
- CropEnergies AG
- Cristal Union
- Archer Daniels Midland Company
- Alcogroup SA
- BlueFire Renewables Inc.
Companies that are not a part of the afore-mentioned pool have been well represented across different sections of the report (wherever applicable).
Who should buy this report?
The companies manufacturing and commercializing transportation grade bioethanol, conventionally manufacturing ethanol, research institutions, and regulatory bodies involved in the transportation grade bioethanol market should buy this report.
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Key Questions Answered in the Report:
- What are the major factors and trends impacting the adoption/consumption of bioethanol fuel in the transportation sector?
- What are some key initiatives taken by the existing players to improve their market positioning and strategies adopted by new players entering the market space?
- What are the leading fuel blends, promising applications, and preferred raw materials in the market, and how are they expected to evolve in the coming years?
- What are the latest developments in various countries across the globe for the development of bioethanol, and what are the consumption patterns?
- How has COVID-19 impacted the transportation grade bioethanol market across the globe?
- What are the bottlenecks around the adoption of bioethanol across different regions and countries?
- Is there any government regulation across the globe impacting the transportation grade bioethanol market?
- For a new company looking to enter the transportation grade bioethanol market, what areas could it focus on to stay ahead of the competition?
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About BIS Research:
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Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
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