FREMONT,
Calif., July 7, 2022 /PRNewswire/ -- The
transportation grade bioethanol market is projected to
reach $106.78 billion in terms of
revenue by 2031, at a CAGR of 5.4%, reveals the premium market
intelligence study by BIS Research.
The use of municipal solid wastes to create bioethanol fuel is
the current focus of research and development activities. The
use of bioethanol in the transportation sector is rising due to the
blending mandates by various regulatory bodies, such as the
Renewable Energy Directive (EU RED) and Renewable Fuel
Standard.
Bioethanol is replacing lead as an octane enhancer in petrol.
According to International Energy Agency (IEA), the transport
sector is more reliant on fossil fuels compared to any other
sector, accounting for 37% of CO2 emissions from the
end-use industries. However, with bioethanol, some of these
emissions can be reduced as the fuel crops absorb the
CO2 released during growth.
The detailed study is a compilation of 178 market data tables
and 25 figures spread through 232 pages and an in-depth TOC on
"Transportation Grade Bioethanol Market - Analysis and Forecast,
2022-2031"
Demand - Drivers and Limitations
Following are the demand drivers for the transportation grade
bioethanol market:
- Increased consumer awareness and preference toward sustainable
products
- Increased investments in transportation grade bioethanol
production
- Stringent rules and regulations related to carbon
emissions
- Growing automotive industry
The transportation grade bioethanol market is expected to
face some limitations due to the following challenges:
- High cost of cellulosic ethanol compared to first-generation
bioethanol
- Complex production process
- Availability of substitutes
Reasons to Buy this Report:
This exclusive report on the transportation grade
bioethanol market will help you in the following ways:
- Bioethanol market share for transportation applications by key
players and extensive competitive benchmarking of more than 15
players has been done to offer a holistic view of the
transportation grade bioethanol market landscape.
- Market ranking analysis based on product portfolio, recent
developments, and regional spread has been provided.
- Investment landscape, including product adoption scenario,
funding, and patent analysis, has been provided.
Analyst's Take on the Market:
According to Sachin
Singh, Lead Analyst, BIS Research, "Bioethanol
is a better replacement for conventional fossil fuels as it is
highly sustainable. The growing shift toward environment-friendly
products and blending mandates from regulatory bodies such as the
Renewable Energy Directive (EU RED) and the Environmental
Protection Agency (EPA) to increase the percentage of bioethanol in
fuels are some of the key factors responsible for the market
growth. Furthermore, the increase in the price of fossil fuels
because of the Russia-Ukraine conflict has compelled the world to
consider ways to minimize reliance on fossil fuels and
accelerate the green transition."
View the report on Transportation Grade
Bioethanol Market
Key Companies Operating in the Market and Competitive
Landscape
The companies that are profiled have been selected based on
inputs gathered from primary experts and the analysis of companies'
coverage, product portfolios, and market penetration.
Some prominent names established in this market are:
Company Type 1: Raw Material - Sugarcane
- CropEnergies AG
- Cristal Union
- Tereos S.A.
- Alcogroup SA
- Vivergo Fuels Limited
- BlueFire Renewables Inc.
Company Type 2: Raw Material - Corn
- Archer Daniels Midland Company
- Alcogroup SA
- BlueFire Renewables Inc.
- Tereos S.A.
Company Type 3: Raw Material - Wheat
- CropEnergies AG
- Cristal Union
- Archer Daniels Midland Company
- Alcogroup SA
- BlueFire Renewables Inc.
Companies that are not a part of the
afore-mentioned pool have been well represented across
different sections of the report (wherever applicable).
Who should buy this report?
The companies manufacturing and commercializing transportation
grade bioethanol, conventionally manufacturing ethanol, research
institutions, and regulatory bodies involved in the transportation
grade bioethanol market should buy this report.
Request a Sample of this Report
Key Questions Answered in the Report:
- What are the major factors and trends impacting the
adoption/consumption of bioethanol fuel in the transportation
sector?
- What are some key initiatives taken by the existing players to
improve their market positioning and strategies adopted by new
players entering the market space?
- What are the leading fuel blends, promising applications, and
preferred raw materials in the market, and how are they expected to
evolve in the coming years?
- What are the latest developments in various countries across
the globe for the development of bioethanol, and what are the
consumption patterns?
- How has COVID-19 impacted the transportation grade bioethanol
market across the globe?
- What are the bottlenecks around the adoption of bioethanol
across different regions and countries?
- Is there any government regulation across the globe impacting
the transportation grade bioethanol market?
- For a new company looking to enter the transportation grade
bioethanol market, what areas could it focus on to stay ahead of
the competition?
BIS Research Related Market Studies:
Global Biofuels Market
About BIS Research:
BIS Research is a global B2B market intelligence and
advisory firm focusing on deep technology and related emerging
trends which can disrupt the market dynamics in the near future. We
publish more than 200 market intelligence studies annually that
focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations,
technology analysis, emerging high-growth applications, deeply
segmented granular country-level market data, and other important
market parameters useful in the strategic decision-making for
senior management.
BIS Research offers syndicate as well as custom studies and
expert consultations to firms, providing them specific and
actionable insights on novel technology markets, business models,
and competitive landscape.
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