The latest market report published by XX “Global Transportation Grade Bioethanol Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global transportation grade bioethanol market generated revenue of around USD 63.5 billion in 2021 and is anticipated to grow a CAGR of over 5.5% during the forecast period from 2022 to 2028 to reach around USD 87.56 billion in 2028.
A number of factors are contributing to this market’s growth, including the possibility of reducing greenhouse gas emissions, the adoption of bioethanol as fuel, the fact that bioethanol is safer than fossil fuels and the rising demand from various industries. A combination of government initiatives and increased restrictions on the sale of gasoline with a high percentage of ethanol will boost the demand for bioethanol in the United States. In the future, electric vehicles are expected to be widely adopted, despite causing difficulties in this market’s growth.
Browse Global transportation grade bioethanol market report- https://www.credenceresearch.com/report/transportation-grade-bioethanol-market
The global transportation grade bioethanol market is bifurcated into End Use, Raw Material, Fuel Blend, and Geography. Based on end use, the market is categorized into passenger vehicles, light commercial vehicles, medium and high commercial vehicles, and aviation. On the basis of raw materials, the global market is segmented into sugarcane, corn, wheat, and others. Based on the fuel blend, the market is categorized into E5, E10, E15 to E75, and E85 to E100. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2021, North America dominated the global transportation grade bioethanol market and accounted for a major market revenue share in terms of value. Increasing government support and a growing preference for renewable energy sources are the main reasons for this region’s largest share. As a result of the increasing demand for bioethanol from end-users, including automotive, marine, and railway, the North American bioethanol market is expected to grow significantly.
Why to Buy This Report-
· The report provides a qualitative and quantitative analysis of the global transportation grade bioethanol market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
· The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
· In-depth analysis of the global transportation grade bioethanol market segmentation based on end use, raw material, and fuel blend.
· The global transportation grade bioethanol market report also includes analyzing the global, regional, and country levels, along with key market trends, significant players analysis, market growth strategies, and key application areas.
The Global transportation grade bioethanol market is Segmented into:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2016-2028 |
| Base Year | 2021 |
| Forecast Period | 2022 – 2028 |
| Historical Year | 2016 – 2021 |
| Unit | USD Billion |
| Segmentation | By End Use (2016–2028; US$ Bn) By Raw Material (2016–2028; US$ Bn) By Fuel Blend (2016–2028; US$ Bn) By Geography Segment (2016–2028; US$ Bn) |
