(2019 – 2024) “Bio-Ethanol Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Bio-Ethanol Analysis. The Bio-Ethanol market is expected to register a CAGR of approximately 6.75% during the forecast period of (2019 – 2024).
Bio-Ethanol Market Report Covers Leading Manufacturers: Abengoa Bioenergy SA , Algenol, Archer Daniels Midland Company, Cargill Inc., DuPont, Danisco, Ethtec, Flint Hills Resources LP, Green Plains Renewable Energy, Ineos Bio, Iogen Corporation, Jilin Fuel Ethanol, Pacific Ethanol Inc, POET LLC, Raízen Energia Participacoes S/A, The Royal Dutch Shell, Valero Renewable Fuels
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The bio-ethanol market is expected to register a CAGR of approximately 6.75% during the forecast period, 2018-2023. The major factors driving the market are growing green fuel automobiles, combined with government initiatives to drive investments and research.
Growing Green Fuel Automobiles
Bio-ethanol is environment-friendly as it reduces greenhouse emissions by 50%. This property of bio-ethanol is increasing government regulations regarding automobiles. Automobile manufacturers, in order to comply with these government regulations, are producing vehicles that run on non-polluting alternative fuels, thereby driving the market. The Indian government has drafted regulations by increasing the GHG emission standards in the hope to shift to green fuel automotive and increase investments in this sector.
Transportation – The Fastest Growing Application
The market is segmented on the basis of application and feedstock. On the basis of application, transportation segment accounts for the highest market share in response to increasing consumption of bioethanol fuels. The demand from this segment is expected to increase with growing government initiatives in countries, like India and China, to cut down emissions in vehicles resulting in increasing bio-ethanol plant capacities, along with growing R& D activities.
Government Initiatives Driving the Asia-Pacific Region
North America is the largest market for bio-ethanol, on account of regulations, such as the Federal Reformulated Gasoline (RFG) and E15 regulations, which are contributing to the growing use of bioethanol in fuels. However, Asia-Pacific is expected to show a good growth rate during the forecast period. China is contributing majorly to the growth and uses nearly 2.6 million metric ton of bio-ethanol per year. China is planning to use bioethanol gasoline in its road vehicles by 2020 to cut emissions and fossil fuel consumption. In China, currently, the usage of ethanol fuel is piloted in 11 provinces. Therefore, these plans to cut carbon emissions by 60-65%, by 2030, and increase non-fossil energy by 20% are expected to drive the market in the Asia-Pacific region.
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Reasons to Purchase Bio-Ethanol Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
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