Bio-ethanol Market Overview
The bio-ethanol market is projected to register a CAGR of over 4.5% during the forecast period (2021-2026). During the COVID-19 pandemic, the use of ethanol sanitizers as disinfectants has increased thus, enhancing the market’s growth for bio-ethanol. In April 2020, BASF started producing hand sanitizers from bio-ethanol in Ludwigshafen. Also, the increasing demand for bio-ethanol blending in gasoline and increasing government initiatives to produce and use greener fuels, like bio-ethanol, are driving the market’s growth. The increasing consumption of biofuels like bio-ethanol in the aviation industry is likely to create opportunities for the market in the coming years.
Download free sample here – Bio-ethanol Market
Bio-ethanol Market – Geographical Overview
The United States is the largest producer and consumer of bio-ethanol
The United States is the largest producer of bioethanol worldwide, followed by Brazil, China, India, and Canada. Presently, the total production capacity of bioethanol from biorefineries of the United States is about 66.0 billion liters per year, and the capacity is going to increase in the coming years. In recent years, bio-ethanol production increased as a result of higher renewable fuel standard (RFS) targets and growth in domestic motor gasoline consumption, almost all of which is now blended with 10% ethanol by volume. The market demand for bio-ethanol has improved over the decade in the region, owing to factors such as rapid growth in corn-based bio-ethanol, advances in crop yields, biomass-to-ethanol conversion, and energy efficiency.
Check our other latest reports on –
Key Highlights of the Bio-ethanol Market
Related Reports and Links
List of Key Players in the Bio-ethanol Market
*List Not Exhaustive
Mordor Intelligence has segmented the global bio-ethanol market on the basis of feedstock type, application, and geography:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Bhargav PEmail: Send EmailPhone: +1 617-765-2493Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/industry-reports/bio-ethanol-market?utm_source=press-release&utm_medium=Outbound&utm_campaign=53852&utm_id=AB_Newswire&utm_content=PR1