Bio-ethanol Market - Growth, Trends, and Forecast (2019 - 2024)

The Bio-ethanol Market is Segmented by Feedstock (Sugarcane, Corn, Wheat, and Other Feedstocks), by Application (Automotive and Transportation, Power Generation, Pharmaceutical, Cosmetics, and Other Applications), and Geography.

Market Snapshot

Market Summary - Bio-ethanol Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for bio-ethanol is expected to grow at a CAGR of more than 5% during the forecast period of 2019-2024. One of the major factor driving the market is the growing demand from the automotive Industry. On the contrary, the shifting focus toward biobutanol is expected to hinder the growth of the market studied.

  • Automotive and transportation industry dominated the market in 2018 and is expected to grow during the forecast period.
  • Technological advancements are likely to act as an opportunity in the future.
  • North America dominated the market across the world, with the largest consumption from the United States.

Scope of the Report

The bio-ethanol market report includes:

Feedstock
Sugarcane
Corn
Wheat
Other Feedstocks
Application
Automotive and Transportation
Power Generation
Pharmaceutical
Cosmetics
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Automotive and Transportation Industry

  • Exhaust gases of bio-ethanol are much cleaner as it burns more cleanly. Bio-ethanol can be directly used in vehicles and acts in a similar fashion to conventional fuels.
  • Moreover, bio-ethanol has a high-octane rating that enables high engine compression ratios which increases engine efficiency and performance.
  • Compared to conventional gasoline, fuel based on bio-ethanol has a low volumetric energy density and requires more bio-ethanol per kilometer (by as much as 50%) when compared to gasoline.
  • The conversion of a conventional spark-ignition engine vehicle into a pure bio-ethanol engine simply requires adjustment of the timing (and electronic control systems where used) and the fitting of a larger fuel tank due to the fuel’s low energy density.
  • Low percentage bio-ethanol blends (up to E10) can readily be used by most conventional gasoline engines without the need for any modifications and can even slightly improve their performance.
  • The increasing preference for eco-friendly fuel is increasing the demand for bio-ethanol in the automotive and transportation sector.
Segmentation - Bio-ethanol Market

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North America Region to Dominate the Market

  • North America region dominated the global market share in 2018. The United States is the largest producer of bio-ethanol, worldwide, followed by Brazil, China, and Canada. It is also the largest consumer of bio-ethanol.
  • In the 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.
  • Moreover, the US pharmaceutical industry is also expanding at a rapid pace. According to the Centre of Medicare & Medicaid Services (CMS), the US National Health Expenditure is projected to grow by an average of 5.5% annually over the next decade.
  • Driven by biofuel policies, which aim to reduce greenhouse gas (GHG) emissions and increase domestic energy supply, US production and consumption of bio-ethanol have doubled over the years.
  • The demand for bio-ethanol has improved over the decade in the region, owing to factors, such as rapid growth in corn-based bio-ethanol in the United States, advances in crop yields, efficient energy usage in fertilizer production, biomass-to-ethanol conversion rates, and energy efficiency in ethanol production,
  • These factors are also expected to drive the market in North America, during the studied period.
Regional - Bio-ethanol Market

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Competitive Landscape

The bio-ethanol market is fragmented and is dominated by very few players. Some of these major players include Cargill, Abengoa Bioenergy SA, Archer Daniels Midland Company, Pacific Ethanol, Inc., and Green Plains Inc., among others.

Major Players

  1. Cargill Incorporated
  2. Archer Daniels Midland Company
  3. Green Plains Inc.
  4. Abengoa Bioenergy SA
  5. Pacific Ethanol Inc.

* Complete list of players covered available in the table of contents below

Market Concentration - Bio-ethanol

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Automotive Industry

      2. 4.1.2 Increasing Government Initiatives

    2. 4.2 Restraints

      1. 4.2.1 Shifting Focus to Biobutanol

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Feedstock

      1. 5.1.1 Sugarcane

      2. 5.1.2 Corn

      3. 5.1.3 Wheat

      4. 5.1.4 Other Feedstocks

    2. 5.2 Application

      1. 5.2.1 Automotive and Transportation

      2. 5.2.2 Power Generation

      3. 5.2.3 Pharmaceutical

      4. 5.2.4 Cosmetics

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Abengoa Bioenergy SA

      2. 6.4.2 Algenol

      3. 6.4.3 Archer Daniels Midland Company

      4. 6.4.4 Cargill Incorporated

      5. 6.4.5 DowDuPont

      6. 6.4.6 Ethanol Technologies

      7. 6.4.7 GranBio

      8. 6.4.8 Green Plains Inc.

      9. 6.4.9 Jilin Fuel Ethanol Co. Ltd (CNPC)

      10. 6.4.10 Pacific Ethanol Inc.

      11. 6.4.11 POET LLC.

      12. 6.4.12 Raizen (incl. Shell)

      13. 6.4.13 Valero Marketing and Supply Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Technological Advancements

**Subject to Availability

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