CAGR Of 5.3%: Global Bioethanol Market about to hit CAGR of 5.3% from 2017 to 2026
The global bioethanol market was valued at US$ 57,650 million in 2017 and is expected to register a CAGR of over 5%. Bioethanol is a biodegradable, renewable energy resource that is produced from biomass through sugar fermentation and chemical process. Bioethanol is used in transportation, alcoholic beverages, and pharmaceuticals.
Market analysis by bioethanol type:
On the basis of type segmentation, corn-based bioethanol segment is expected to contribute major revenue share and expected to maintain its dominance over the forecast period.
Market analysis by blend:
On the basis of blend segmentation, E15 to E70 segment is estimated to contribute major revenue share and expected to maintain its dominance over the forecast period.
Market analysis by application:
Among all the application segments, transportation segment is expected to register highest CAGR over 5.5%.
Analysis by Region:
North America market is expected to dominate the global bioethanol market, and it accounts for largest market revenue over US$ 24,500 million in 2017 as compared to that of markets in other regions.
Key players in the global market include Archer Daniels Midland Company, POET LLC, Green Plains, Valero Energy Corporation, Flint Hills Resource, Abengoa Bioenergy SA, Royal Dutch Shell plc, Pacific Ethanol, Inc., Petrobras, and The Andersons.
Source: Bioethanol Market
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