Bio Ethanol Market Trends, Share, Size & Growth 2031
Bio Ethanol Market Trends, Share, Size & Growth 2031
Segments - Global Bio Ethanol Market by Raw Materials (Corn, Wheat, Sugarcane, Industrial Beets, and Others), Types (Starch-based, Sugar-based, and Cellulose-based), Technologies (Dry Mills and Wet Mills), Fuel Blends (E5, E10, E15 to E70, E75 & E85, and Others), End-users (Transportations, Alcoholic Beverages, Cosmetics, Pharmaceuticals, Power Generation, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
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| Report ID :MC-3161
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Report Description
Bio Ethanol Market Outlook 2031
The global bio ethanol market size was USD 44 Billion in 2022 and is anticipated to reach USD 145.36 Billion by 2031 expand at a CAGR of 14.2% during the forecast period, between 2023 - 2031. Growing need to reduce greenhouse gas emissions, availability at low-cost, and many countries have mandated the use of bio ethanol fuel blends are some factors driving the market.
Bio ethanol is an alcohol or ethanol made from microbial fermentation using enzymes. Enzymes are added for converting vegetable sugar into alcohol. Bio ethanol fuel is produced from natural materials, mostly from carbohydrates produced in sugar or starch-bearing plants. These plants include sugarcane, corn, sweet sorghum, and lignocellulosic biomass.
The process of bio ethanol production includes fermentation, distillation, rectification, and dehydration. Bio ethanol provides benefits such as the exhaust gases of bio ethanol are clean, burn cleaner, and helps reduce the emission of greenhouse gases.
Bio Ethanol Market Trends, Drivers, Restraints, and Opportunities
- Rising environmental concern and stringent bio-fuel policies for reducing greenhouse gas emissions are boosting the market.
- Increasing initiatives by governments to promote the use of greener fuels and expanding the production bio-ethanol drive the market.
- Growing demand for bio-ethanol blending in gasoline and increasing demand of bio ethanol in the pharmaceutical industry are fueling the market.
- The availability of bio-butanol as a substitute product and rising preference adoption of bio-butanol are restricting the market.
- Less consumption of bio ethanol due to the less mileage provided by vehicles using it as fuel is hampering the market.
- Rising demand for electric vehicles reduces the demand for fossil fuel consumption among consumers, thus hindering the market.
- Increasing consumption of bio ethanol by the aviation & transportation industry for reducing the energy consumption per liter is creating opportunities in the market.
- Growing research activities to produce bio ethanol from algae is creating lucrative opportunities in the market.
Scope of Bio Ethanol Market Report
The report on the global bio ethanol market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Bio Ethanol Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Raw Materials (Corn, Wheat, Sugarcane, Industrial Beets, and Others), Types (Starch-based, Sugar-based, and Cellulose-based), Technologies (Dry Mills and Wet Mills), Fuel Blends (E5, E10, E15 to E70, E75 & E85, and Others), End-Users (Transportations, Alcoholic Beverages, Cosmetics, Pharmaceuticals, Power Generation, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Abengoa, ADM, bp p.l.c., Cristalco, CropEnergies AG, GranBio, Green Plains Inc, Pannonia Bio Zrt., POET, LLC, Raízen, Sekab, Tereos, The Andersons, Inc, Valero Energy Corporation, and White Energy |
Bio Ethanol Market Segment Insights
Corn segment to grow during the anticipated period
In terms of raw materials, the global bio ethanol market is segmented into corn, wheat, sugarcane, industrial beets, and others. The corn segment constituted a significant share of the market in 2020 and is anticipated to grow during the forecast period, due to growing production of corn-based bio ethanol worldwide.
Corn ethanol offers approximately 39% low greenhouse gas emission and is used for cosmetic. Moreover, corn-based ethanol is blended with gasoline to create various mixtures such as E10, E15, and E85 that help reduce air pollution, which is anticipated to fuel the segment during the forecast period.
Starch-based segment is projected to hold a significant market share
On the basis of types, the market is segregated into starch-based, sugar-based, and cellulose-based. The starch-based segment is expected to hold a significant share of the market during the forecast period owing to increasing production of starch-based ethanol among manufacturers. Starch-based bio ethanol is easier to produce as compared to sugar- and cellulose-based ethanol. The starch-based ethanol is produced from corn by using dry mill technology.
Dry mills segment to grow at a significant pace in the near future
Based on technologies, the bio ethanol market is bifurcated into dry mills and wet mills. The dry segment constituted a significant share of the market in 2020 and is projected to grow in the near future. Dry milling requires less investment for producing bio ethanol than the wet mills technique. Additionally, growing adoption of corn-based bio ethanol, which uses the dry mill technology, in various industries is expected to boost the segment during the forecast period.
E10 segment to grow in the forecasted period
In terms of fuel blends, the market is classified as E5, E10, E15 to E70, E75 & E85, and others. The E10 segment constituted a significant share of the market in 2020 and is projected to grow in the near future due to rising demand among consumers. Moreover, growing initiatives to reduce the greenhouse gas emission in many countries in Europe has mandated the use of E10 fuel blend in vehicles. These factors are anticipated to propel the segment during the forecast period.
Transportations segment to hold significant market share
On the basis of end-users, the bio ethanol market is categorized as transportation, alcoholic beverages, cosmetics, pharmaceuticals, power generation, and others. The transportation segment accounted for a significant share of the market in 2020. The segment is projected to grow during the forecast period due to its increasing adoption in transportation fuel, as it costs lesser than other fuels. Bio ethanol is an eco-friendly substitute for petroleum fuel or gasoline.
Moreover, a small percent of bio ethanol is mixed with pure gasoline for preparing bio ethanol blends that burns more efficiently by producing zero carbon emission. However, many countries have mandated the use of bio ethanol. Moreover, several regulatory bodies such as Renewable Energy Directive (EU RED) and Renewable Fuel Standard (RFS) mandated the use of bio ethanol in transportation.
North America estimated to account for significant market share
Based on regions, the global bio ethanol market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a significant share of the market in 2020, due to the growing production and consumption of bio ethanol and abundant availability of raw material. The bio-refineries of North America are increasing the production capacity of bio ethanol due to the rising demand for motor gasoline.
Moreover, North America is the largest consumer of vehicles fuel in the world and uses different bio ethanol fuel blends for different applications. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to increasing support by governments for increasing the producing bio ethanol blending up to 10%, which is expected to create opportunities for India-based sugar mills in the near future.
Segments
By Raw Materials
- Corn
- Wheat
- Sugarcane
- Industrial Beets
- Others
By Types
- Starch-based
- Sugar-based
- Cellulose-based
By Technologies
- Dry Mills
- Wet Mills
By Fuel Blends
- E5
- E10
- E15 to E70
- E75 & E85
- Others
By End-Users
- Transportations
- Alcoholic Beverages
- Cosmetics
- Pharmaceuticals
- Power Generation
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
Competitive Landscape
Key players in the global bio ethanol market include Abengoa, ADM, bp p.l.c., Cristalco, CropEnergies AG, GranBio, Green Plains Inc, Pannonia Bio Zrt., POET, LLC, Raízen, Sekab, Tereos, The Andersons, Inc, Valero Energy Corporation, and White Energy. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.hana
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Bio Ethanol Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bio Ethanol Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bio Ethanol Market - Supply Chain
4.5. Global Bio Ethanol Market Forecast
4.5.1. Bio Ethanol Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bio Ethanol Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Bio Ethanol Market Absolute $ Opportunity
5. Global Bio Ethanol Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Bio Ethanol Market Size and Volume Forecast by Types
5.3.1. Starch-based
5.3.2. Sugar-based
5.3.3. Cellulose-based
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Bio Ethanol Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Bio Ethanol Market Size and Volume Forecast by End Users
6.3.1. Transportations
6.3.2. Alcoholic Beverages
6.3.3. Cosmetics
6.3.4. Pharmaceuticals
6.3.5. Power Generation
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Bio Ethanol Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Bio Ethanol Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Bio Ethanol Demand Share Forecast, 2019-2026
8. North America Bio Ethanol Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Bio Ethanol Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Bio Ethanol Market Size and Volume Forecast by Types
8.4.1. Starch-based
8.4.2. Sugar-based
8.4.3. Cellulose-based
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Bio Ethanol Market Size and Volume Forecast by End Users
8.7.1. Transportations
8.7.2. Alcoholic Beverages
8.7.3. Cosmetics
8.7.4. Pharmaceuticals
8.7.5. Power Generation
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Bio Ethanol Demand Share Forecast, 2019-2026
9. Latin America Bio Ethanol Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Bio Ethanol Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Bio Ethanol Market Size and Volume Forecast by Types
9.4.1. Starch-based
9.4.2. Sugar-based
9.4.3. Cellulose-based
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Bio Ethanol Market Size and Volume Forecast by End Users
9.7.1. Transportations
9.7.2. Alcoholic Beverages
9.7.3. Cosmetics
9.7.4. Pharmaceuticals
9.7.5. Power Generation
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Bio Ethanol Demand Share Forecast, 2019-2026
10. Europe Bio Ethanol Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Bio Ethanol Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Bio Ethanol Market Size and Volume Forecast by Types
10.4.1. Starch-based
10.4.2. Sugar-based
10.4.3. Cellulose-based
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Bio Ethanol Market Size and Volume Forecast by End Users
10.7.1. Transportations
10.7.2. Alcoholic Beverages
10.7.3. Cosmetics
10.7.4. Pharmaceuticals
10.7.5. Power Generation
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Bio Ethanol Demand Share Forecast, 2019-2026
11. Asia Pacific Bio Ethanol Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Bio Ethanol Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Bio Ethanol Market Size and Volume Forecast by Types
11.4.1. Starch-based
11.4.2. Sugar-based
11.4.3. Cellulose-based
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Bio Ethanol Market Size and Volume Forecast by End Users
11.7.1. Transportations
11.7.2. Alcoholic Beverages
11.7.3. Cosmetics
11.7.4. Pharmaceuticals
11.7.5. Power Generation
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Bio Ethanol Demand Share Forecast, 2019-2026
12. Middle East & Africa Bio Ethanol Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Bio Ethanol Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Bio Ethanol Market Size and Volume Forecast by Types
12.4.1. Starch-based
12.4.2. Sugar-based
12.4.3. Cellulose-based
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Bio Ethanol Market Size and Volume Forecast by End Users
12.7.1. Transportations
12.7.2. Alcoholic Beverages
12.7.3. Cosmetics
12.7.4. Pharmaceuticals
12.7.5. Power Generation
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Bio Ethanol Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Bio Ethanol Market: Market Share Analysis
13.2. Bio Ethanol Distributors and Customers
13.3. Bio Ethanol Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Abengoa
13.4.2. ADM
13.4.3. Cristalco
13.4.4. CropEnergies AG
13.4.5. GranBio
13.4.6. Green Plains Inc
13.4.7. Pannonia Bio Zrt.
13.4.8. POET, LLC
Methodology
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