DUBLIN, September 13, 2017
DUBLIN, September 13, 2017 /PRNewswire/ --
The "Bioethanol Market by Feedstock (Starch-Based, Sugar-Based, Cellulose-Based), End-Use Industry (Transportation, Pharmaceuticals, Cosmetics, Alcoholic Beverages), Blend (E5, E10, E15 to E70, E75 to E85), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global bioethanol market is expected to reach USD 68.95 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022
In terms of volume, the market size is projected to reach 146,999.4 Million liters by 2022. The growth of the bioethanol market is driven by the government policies and mandates and increase in awareness about climate change and greenhouse gas emissions.
In 2016, the starch-based feedstock type segment accounted for the largest share of the bioethanol market and is expected to continue to be the largest segment throughout the forecast period. Starch-based bioethanol uses corn, barley, wheat, and other starch raw materials as feedstocks to produce bioethanol. However, the cellulose-based type segment is the fastest growing segment owing to the inedible feedstock used in this feedstock type.
The growth in consumption of bioethanol in transportation fuels has increased the demand for different blending types. In 2016, the E10 blend segment accounted for the largest share of the global bioethanol market. However, E75 to E85 blend type is expected to be the fastest growing blend type segment. The growth of this segment is attributed to the increasing number of flex-fuel vehicles.
In 2016, the transportation end-use industry segment accounted for the largest share of the bioethanol market. The transportation sector accounts for a major share of approximately 14 to 20% of the worlds CO2 emission. Producing and using bioethanol in fuels can help reduce CO2 emissions significantly. This acts as the major growth driver for the transportation industry, which, in turn, acts as a key driver for the bioethanol market. However, the fastest growing end-use industry segment for the bioethanol market is the alcoholic beverages segment. The growth of this industry is attributed to the increasing purchasing power and acceptance of drinking alcoholic beverages in developing countries.
North America accounted for the largest share of the bioethanol market in 2016. Increasing government and environment regulations in the region act as key growth drivers for the bioethanol market in this region. However, Asia Pacific is expected to be the fastest growing market for bioethanol. The high demand for bioethanol in Asia Pacific is attributed to the demand for alcoholic beverages from countries such as China and India. This factor is driving the growth of the bioethanol market in this region as both these countries have the world's largest consumer base in terms of population.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 Bioethanol Market, By Feedstock Type
8 Bioethanol Market, By Fuel Blend
9 Bioethanol Market, By End-Use Industry
10 Bioethanol Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/57z2m8/bioethanol_market
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