BIS Research Study Highlights Transportation-Grade Bioethanol Market to Reach $106.78 Billion by 2031
FREMONT, Calif., July 7, 2022 /PRNewswire/ — The market for transportation-grade bioethanol is expected to reach $106.78 billion in terms of revenue by 2031, at a CAGR of 5.4%, reveals BIS Research’s premium market intelligence study.
The use of municipal solid waste to create bioethanol fuel is currently the focus of research and development activities. The use of bioethanol in the transport sector is increasing due to the blending mandates of various regulatory bodies, such as the Renewable Energy Directive (EU RED) and the Renewable Fuels Standard.
Bioethanol replaces lead as an octane booster in gasoline. According to the International Energy Agency (IEA), the transport sector is more dependent on fossil fuels than any other sector, accounting for 37% of CO2 emissions from end-use industries. However, with bioethanol some of these emissions can be reduced as energy crops absorb CO2 released during growth.
The detailed study is a compilation of 178 market data tables and 25 figures spread over 232 pages and an in-depth TOC on “Transport-Grade Bioethanol Market – Analysis and Forecast, 2022-2031”
Demand – Factors and Limitations
Following are the demand drivers for the transportation-grade bioethanol market:
- Increased consumer awareness and preference for sustainable products
- Increased investment in the production of transport-grade bioethanol
- Strict rules and regulations related to carbon emissions
- A booming automotive industry
The transportation-grade bioethanol market is expected to face some limitations owing to the following challenges:
- High cost of cellulosic ethanol compared to first-generation bioethanol
- Complex manufacturing process
- Availability of substitutes
Reasons to buy this report:
This Exclusive Transport Grade Bioethanol Market Report will assist you in the following ways:
- Bioethanol for Transportation Applications market share by major players and an in-depth competitive benchmarking analysis of 15+ players has been conducted to offer a holistic view of the Transportation Grade Bioethanol market landscape.
- Market ranking analysis based on product portfolio, recent developments and regional breakdown has been provided.
- The investment landscape including product adoption scenario, financing and patent analysis has been provided.
Market Analyst’s View:
According sachin singhSenior Analyst, BIS Research, “Bioethanol is a better substitute for conventional fossil fuels as it is highly sustainable. The growing shift towards environmentally friendly products and the blending mandates of regulatory bodies such as the Renewable Energy Directive (EU RED) and the Environmental Protection Agency the percentage of bioethanol in fuels are some of the major factors responsible for the growth of the market.Additionally, the increase in the price of fossil fuels due to the Russia–Ukraine The conflict has forced the world to consider ways to minimize reliance on fossil fuels and accelerate the green transition.”
See the report in the transport-grade bioethanol market
Key Companies Operating in the Market and Competitive Landscape
The companies profiled were selected based on input gathered from primary experts and analysis of companies’ coverage, product portfolios and market penetration.
Some important established names in this market are:
Business Type 1: Commodity – Sugarcane
- CropEnergies SA
- Crystal-Union
- Tereos SA
- Alcogroup SA
- Vivergo Fuels Limited
- BlueFire Renewables Inc.
Business Type 2: Commodity – Corn
- Archer Daniels Midland Company
- Alcogroup SA
- BlueFire Renewables Inc.
- Tereos SA
Business Type 3: Commodity – Wheat
- CropEnergies SA
- Crystal-Union
- Archer Daniels Midland Company
- Alcogroup SA
- BlueFire Renewables Inc.
Companies that are not part of the aforementioned pool have been well represented in the various sections of the report (where applicable).
Who should buy this report?
Companies manufacturing and trading Transport Grade Bioethanol, Conventional Ethanol Manufacturing, Research institutes and regulatory bodies involved in the Transport Grade Bioethanol market should purchase this report.
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Key questions answered by the report:
- What are the main factors and trends affecting the adoption/consumption of bioethanol in the transport sector?
- What are the main initiatives taken by the existing players to improve their positioning in the market and the strategies adopted by the new players entering the market?
- What are the main fuel blends, promising applications and preferred feedstocks in the market, and how are they expected to evolve in the coming years?
- What are the latest developments in different countries around the world for the development of bioethanol, and what are the consumption patterns?
- What impact has COVID-19 had on the transportation-grade bioethanol market across the globe?
- What are the bottlenecks around the adoption of bioethanol in different regions and countries?
- Are there any government regulations 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?
Market studies linked to BIS research:
Global biofuels market
About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focused on deep technologies and related emerging trends that may disrupt market dynamics in the near future. We publish over 200 market intelligence studies annually that focus on multiple deep technology verticals.
Our strategic market analysis emphasizes market estimates, technology analysis, high growth emerging applications, deeply segmented country-level granular market data, and other significant market parameters helpful in making strategic decision making for senior management.
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