In recent years, due to increase in pollution and to curb global warming effects, biofuels have gained importance worldwide. Bioethanol is a type of biofuel.
It is an alcohol which is made from fermentation of carbohydrates that is produced in sugar, and crops such as corn, sugarcane and sweet sorghum. Ethanol is an efficient fuel that can be used in vehicles.
In addition, it is also used as gasoline additive to improve vehicle emissions.Companies worldwide are taking measures like mergers and joint ventures to widen and strengthen their networks in the bioethanol market.
This report studies the current and future aspects of the bioethanol market.
The report on the global Bioethanol market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.
It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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The bioethanol market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the bioethanol market.
The region continues to dominate the global market due to stringent government and environmental policies. Increase in usage of bioethanol in automobiles is also favoring the market growth in this region.
Next in line is the Asia-Pacific region which is competent enough and is witnessing a rapid market growth during the forecasted period because of the rise in demand for bioethanol in alcohol beverages in countries like India and China. Some countries are taking measures like putting a ban on gasoline and diesel engines to ensure reduction in carbon emissions.
This factor can restrain the growth of global bioethanol market.
This report analyzes the bioethanol market by the following segments:
- Bioethanol Market, by Feedstock
- Bioethanol Market, by End-use Industry
- Alcoholic Beverages
- Bioethanol Market, by Blend
- E15 to E70
- E75 to E85
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