DUBLIN--(BUSINESS WIRE)--The "Global Bio-Ethanol Market - Segmented by Application, Feedstock and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The bio-ethanol market is expected to register a CAGR of approximately 6.75% during the forecast period, 2018-2023. The major factors driving the market are growing green fuel automobiles, combined with government initiatives to drive investments and research.
Bio-ethanol is environment-friendly as it reduces greenhouse emissions by 50%. This property of bio-ethanol is increasing government regulations regarding automobiles. Automobile manufacturers, in order to comply with these government regulations, are producing vehicles that run on non-polluting alternative fuels, thereby driving the market. The Indian government has drafted regulations by increasing the GHG emission standards in the hope to shift to green fuel automotive and increase investments in this sector.
The market is segmented on the basis of application and feedstock. On the basis of application, transportation segment accounts for the highest market share in response to increasing consumption of bioethanol fuels. The demand from this segment is expected to increase with growing government initiatives in countries, like India and China, to cut down emissions in vehicles resulting in increasing bio-ethanol plant capacities, along with growing R&D activities.
- November 2017: Ethtec planned to construct a US$30 million pilot-scale facility in the Hunter Valley in New South Wales. This project was backed by Australian Renewable Energy Agency (ARENA), which had announced a funding of US$11.9 million.
- Abengoa Bioenergy SA
- Archer Daniels Midland Company
- Cargill Inc.
- Flint Hills Resources LP
- Green Plains Renewable Energy
- Ineos Bio
- Iogen Corporation
- Jilin Fuel Ethanol
- Pacific Ethanol Inc
- POET LLC
- Razen Energia Participacoes S/A
- The Royal Dutch Shell
- Valero Renewable Fuels
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/r943sf/global?w=4