Global Bioethanol Market Size By Feedstock Type, By End Use, By Geographic Scope And Forecast
Bioethanol Market Size And Forecast
Bioethanol Market was valued at USD 53.97 Billion in 2018 and is projected to reach USD 77.53 Billion by 2026, growing at a CAGR of 4.61% from 2019 to 2026.
Global Bioethanol Market Overview
Bioethanol forms an eco-friendly alternative to conventional fuel sources owing to its high octane value and lower greenhouse gas emissions. The depleting conventional resources of energy like fossil fuels and increasing focus on renewable sources of energy is anticipated to boost the demand for bioethanol market growth over the forecast period and beyond. Also, technological advancements and increasing R&D budgets to obtain ethanol from algae is expected to propel the demand owing to its faster rate of production and natural occurrence in water bodies which is expected to reduce the cost of production. Moreover, the consumption is likely to increase owing to the low prices of bioethanol as compared to other fuels such as diesel and petrol.
Frequently Asked Questions (FAQs)
Global Bioethanol Market: Segmentation Analysis
Global Bioethanol Market is segmented based on Feedstock, End-Use, And Geography.
Key Players in Bioethanol Market
The Global Bioethanol Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as -
- Valero Energy Corporation
- Abengoa Bioenergy S.A.
- Green Plains
- Archer Daniels Midland Company
- Flint Hills Resources
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