Bioethanol Market: Government Initiatives Increase the Demand to Go Green and Replace Conventional Products

Bioethanol market is projected to grow at a CAGR of 7.2% from 2018-2023. Bioethanol is used as a petrol substitute for transport vehicles, a substrate for biogas production through anaerobic digestion and also used as animal feed. The market is driven by its end users such as automotive, pharmaceutical, petrochemical, aerospace, power generation, and others. Transportation segment accounted for the largest market share in 2017, due to the growing consumption of biofuels. Growing demand for bioethanol in the road is likely to force manufacturers to invest in R&D for the development of low-cost renewable fuel resources. Though, alcoholic beverages segment is anticipated to have the reckless growth owing to increasing demand from developing countries.

Governments’ initiatives to go green and lessen the use of fossil fuels is boosting the market of Bioethanol. Nations such as India and China are increasingly adopting alternative fuels to decrease air pollution. The bioethanol market is fragmented by feedstock, blend, production technology, end users and geography.

Some of the key players of the Bioethanol Market are Archer Daniels Midland Company (US), Valero Energy Corporation (US), Aemetis, Inc., Green Plains, GC Innovation America, BioAmber Inc., and others.

Valero Energy Corporation headquartered inSan Antonio, Texas, the U.S is one of the prominent players in the Bioethanol Market. The company focusses on producing ethanol and distillers’ grains feed products from ethanol plants. It integrates environmental protection, social responsibility, and economic success by incorporating innovation and science. The company’s strict focus on premier products in manufacturing, distribution, and marketing of fuels and petrochemical feedstock makes it one of the leading chemical companies. It offers products for different end users such as aerospace, automotive, residential and commercial heating, chemical and other sectors. The products offered by the company are cleaner-burning gasoline, biodiesel, ethanol-blended fuels.

Flint Hills is headquartered in Wichita, KS.the company’s main focus is to reduce air emission and the company is pursuing new ways to increase safety and waste elimination. It offers a variety of products such as ethanol, biodiesel, distiller’s corn oil, distiller’s grain, glycerin and some other. The company is customer-orientedand some of the products offered by the company are gasoline, jet fuel, diesel, materials for manufacturing carpet, ethylene, propylene and polymers for use in automotive parts,  medical devices, and others.

Aemetisheadquartered in Cupertino, California is one of the key players in the Bioethanol Market. It generated $140 million in revenue and $35 million in EB-5 funding. The company focuses on the production of advanced fuels and chemicals through profit-oriented innovative technologies that could replace traditional petroleum-based products. The company is working towards replacing past generation ethanol and biodiesel plants into a cutting edge Biorefineries. Some of the product lines offered by the company are biochemicals, glycerin, renewable fuels, food and feed, edible oils, co-products of ethanol and others.

Green Plains headquartered in Omaha, Nebraska is one of the significant players in the Bioethanol Market. Innovation is the key for Green Plains’ business. Through innovations and technology, the company meets the requirements and demands of the customers which makes them thrive in the tremendously competitive marketplace. It has generated a revenue of $50.2 billion in 2017.  It is one of the proud providers of practical solutions in enhanced oil recovery, sustainable energy, and others. Some of its products are Corn oil, grain storage, cattle, food ingredients, and others.

The Bioethanol market has massive growth potential with its wide application range in the market. With active R&D activities on its applications in aerospace, automotive, power generation and medical sectors the future for the market is sure to expand, overtake, and substitute other conventional fuels. The key properties that have boosted the growth of the Bioethanol market are its physical and chemical properties, light weight, durability, longevity, and cost-effective production growth. Another key factor will be the effect of the bioethanol in pharmaceutical and beverage applications. A lot of research is being done on its medical application and its safety in human use. 

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