,” the market is driven by the easy availability of cheap raw materials and economic pretreatment technologies.
North America to Dominate the Bioethanol Market
North America is expected to dominate the Bioethanol market during the forecast period. This is due to the stringent fuel regulations, and the presence of major ethanol producers in the U.S. The technological advancements and the rapid growth of the automotive industry is expected to drive the market in the next seven years. The Latin America Bioethanol market has ample opportunities due to the presence of arable land and fertile soil, particularly in Brazil and Columbia. Asia-Pacific will have the fastest growth during the forecast period due to the increase in production capacities in Thailand, India, and China.
Selected Regulatory Analysis Done in the Full Report
The starch-based feedstock segment is expected to have the largest share in the Bioethanol market in the forecast period. The cellulose-based feedstock segment will have the highest growth due to its abundance and sustainability. By blend, the E10 fuel based segment will have the largest share in the market, while E75 and E85 segments will have the fastest growth due to increasing number of flex-fuel vehicles.
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Selected Driving Factors Mentioned in the Full Report
The strict environmental regulations stipulated by various governments will propel the Bioethanol market in the forecast period.
Technological advancements and increased spending on R&D to produce Ethanol from algae will drive the Bioethanol market.
Volatile petroleum prices globally will propel the growth of the Bioethanol market over the forecast period.
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Key Players of the Bioethanol Market
The key players of the Bioethanol Market include POET LLC, Green Plains, and Valero Energy Corporation.
POET LLC operates 28 dry mill corn ethanol plants in seven states in the U.S.
Green Plains, through its 17 production plants across the U.S., produces approximately 1.5 billion gallons of ethanol annually.
Valero, along with its subsidiaries, operates a total of 11 ethanol plants in the U.S., and produces approximately 1.4 billion gallons of ethanol per year.
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