The global bioethanol market is driven by growth in demand from the transportation industry, owing to biofuel mandates by regulatory bodies, rise in concerns regarding the surge in pollution & emission of greenhouse gases, and abundant raw material availability. However, issues related to food scarcity & use of food crops for production of bioethanol are unfavorable and thus, are expected to hinder the market growth during the forecast period. In addition, high initial production cost of cellulosic ethanol is also expected to affect the market negatively. However, the introduction of second- & third-generation biofuels is expected to provide lucrative opportunities for the market growth.
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A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
Asia-Pacific is anticipated to grow with the highest rate during the analysis period, owing to the efforts to increase the production capacity of bioethanol from countries such as China, Thailand, and India.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The transportation segment accounted for the highest market share in 2015, owing to the rise in adoption of biofuels from the transportation sector. Regulatory bodies such as Environment Protection Agency (EPA) have imposed specific blending mandates as the global pollution is increase in and so is the need to lower greenhouse gas (GHG) emissions from vehicles.
The Bioethanol market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Bioethanol is a fuel produced using biological sources, having advantages over conventional fuels, due to its biological origin and renewability. Bioethanol is a clean fuel and thus, rapidly being adopted as an auto fuel by the transportation sector. Numerous laws and regulations exist globally, encouraging the use of bioethanol, such as European Union Renewable Energy Directive (EU RED) and Renewable Fuel Standard (RFS) by EPA (Environmental Protection Agency).
Bioethanol Companies Covered Market:- E. I. du Pont de Nemours and Company, POET LLC., Valero Renewable Fuels Company LLC., BP plc., CropEnergies AG, Archer Daniels Midland Company and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Bioethanol market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Bioethanol market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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