Market Trends of Europe Bioethanol Industry
This section covers the major market trends shaping the Europe Bioethanol Market according to our research experts:
Automotive and Transportation Segment to Dominate the Market
- In the last few decades, there has been a high reliance on fossil fuels in the automotive and transportation sector, as gasoline and diesel are cheap and readily available. Furthermore, fossil fuels are the main reason for global greenhouse gases and carbon emissions.
- However, of late, there has been a rise in awareness about the adverse effect of fossil fuels on the environment. Thus the companies are also engaged in finding out environmental friendly fuel solutions. Bioethanol could play a vital as it can be used as a blending with fossil fuel to lower the carbon footprint.
- Bioethanol is derived from plants as well as renewable resources. Furthermore, bioethanol is biodegradable, less explosive, less poisonous and easier to extinguish if burning compared to gasoline and diesel. Due to all these added properties of bioethanol, there is a rise in acceptance among consumers, likely to drive the Europe bioethanol market during the forecast period.
- Moreover, since the utilization of bioethanol has increased, the average certified greenhouse gas emission savings have increased. For instance, the average certified greenhouse gas emission savings in 2011 was around 49.6%, which increased to 76.9% in 2021.
- Furthermore, there has been a rise in concern over energy security over the last few years, and bioethanol could play a critical role. Increased bioethanol use has reduced gasoline and diesel imports to Europe.
- Thus, all these factors are anticipated to boost the demand for bioethanol in the automotive and transportation industry.
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Germany to Dominate the Market
- Germany is one of the world's largest manufacturing countries for passenger and commercial vehicles. For several decades the automobile industry has been a key sector in the German economy.
- Moreover, Germany has been recognized worldwide as an Innovation hub for the automotive industry, as all major automobile manufacturers have a presence in the country. In 2021, Germany was Europe's number one automotive market, accounting for around 25% of all passenger cars manufactured and approximately 20% of all new car registrations.
- Furthermore, according to the German Bioethanol Industry Association, in 2021, the total bioethanol production was around 700,000 tons which is 0.6% higher than in 2020.
- Moreover, the use of bioethanol in the production of ethyl tertiary butyl ether has reached more than 157,000 tons, which is equivalent to 25.1% more than in 2020 (about 126,000 tonnes).
- The amount of ethanol and ethyl tertiary butyl ether produced from ethanol & bioethanol and the use of ethanol and ethyl tertiary butyl ether as a fuel additive has increased by 4.5% and reached 1.15 million tonnes in 2021.
- All these factors are anticipated to grow the demand for bioethanol during the forecast period in the country.
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