Global Bioethanol Market Size 2024, Forecast To 2033

11 Mar, 2024

The bioethanol market size has grown rapidly in recent years. It will grow from $41.55 billion in 2023 to $46.5 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increased demand for clean energy sources, increasing fuel costs, growing demand from the automotive and transportation sectors, emerging markets growth. The bioethanol market size is expected to see rapid growth in the next few years. It will grow to $72.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, shift to alternative sources of power generation, favorable regulations for blending ethanol, increasing research and development (r&d) activities, and increasing global awareness to reduce greenhouse gas emissions. Major trends in the forecast period include investing in second-generation bioethanol, use of artificial intelligence, new plant expansions, collaborations and acquisitions, technological advancement, and product innovations.

Global Bioethanol Market Key Driver

The rise in environmental concerns is poised to drive the growth of the bioethanol market. Environmental concerns encompass worries about the quality of air, water, and soil in the natural environment. Bioethanol usage has proven beneficial for the environment, reducing exhaust gas emissions and enhancing the efficiency of transport and energy safety. According to the International Energy Agency (IEA), CO2 emissions in India are projected to increase by 50% by 2040. Thus, the heightened environmental concerns are expected to propel the bioethanol market's growth. In 2023, the market size for bioethanol is projected to align with the increasing concerns, and by 2024 and 2028, this environmental focus is likely to contribute to the market's sustained growth.

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Global Bioethanol Market Segments

The bioethanol market covered in this report is segmented –
1) By Type: Corn-Based Ethanol, Sugarcane-Based Ethanol, Cellulosic Ethanol, Other Types
2) By Blend: E10, E20 And E25, E70 And E75, E85, Other Blends
3) By Production Technology: Dry Mill, Wet Mill
4) By Application: Automotive And Transportation, Food And Beverage, Pharmaceutical, Cosmetics And Personal Care, Other Applications
By Geography:The regions covered in the bioethanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. North America was the largest region in the bioethanol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioethanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Major Bioethanol Industry Players

CropEnergies AG, Valero, Green Plains, Archer-Daniels-Midland Company, Tereos SCA, Raízen, Cristalco, Abengoa Bioenergy, POET, Alto Ingredients, Bajaj Hindusthan Sugar Ltd, Balrampur Chini Mills Ltd, Dalmia Bharat Sugar and Industries Ltd, Shree Renuka Sugars Ltd, Chengzhi shareholding Co.Ltd, SDIC Jilin Alcohol, Henan Tianguan, Triveni Engineering and Sugar Industries, Bio-Concept Altmark GmbH, Brenntag SE, Caldic Deutschland Chemie B.V, ESM GmbH, IKO Import Klaus Otte GmbH, Benedomi GmbH, S3 Chemicals, Kamin-Kachelofen Kruse, IMA POLSKA SPÓ?KA AKCYJNA, Sovetskiycellulozno-bumajniyzavod, ???, KRAKCHEMIA SA, Alcoholera de Zapopan, LyondellBasell Industries, Absolute Energy LLC, Ace Ethanol LLC, Adkins Energy LLC, Al-Corn Clean Fuel LLC, Alto Ingredients Magic Valley Inc, Amber Wave, Alto Ingredients Columbia Inc, Biogas world, Biogas Avellaneda, Borregaard, Alcotra, Cremer OLEO, Praj Industries, W.R.Grace, Lootah Biofuels, Nuberg, Dubizzle, OMV, BBGI Bioethanol Public Company Limited, EcoSmart Fire, Neutral Fuels, Koko Networks, SMEFUNDS - GEB, Green Energy Biofuels, Kiri Dyes and Chemicals Limited, Biogen Kenya

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Bioethanol Market Overview

Bioethanol refers to the processing and manufacturing of ethanol from agricultural materials (like corn or sugar cane) and is utilized as an additional fuel source. Bioethanol is an alcohol created by microbial fermentation mostly from carbohydrates produced in plants that contain sugar or starch, such as corn, sugarcane, sweet sorghum, or lignocellulosic biomass.

Bioethanol Global Market Report 2023 provides data on the global bioethanol market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bioethanol market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.