Bioethanol Market worth 68.95 Billion USD by 2022 | Key Players include Archer Daniels Midland Company, POET LLC, Green Plains, Valero Energy Corporation, Flint Hills Resource, Abengoa Bioenergy SA, Royal Dutch Shell plc, Pacific Ethanol, Inc., Petrobras,

According to recent research "Bioethanol Market by Feedstock (Starch-Based, Sugar-Based, Cellulose-Based), End-Use Industry (Transportation, Pharmaceuticals, Cosmetics, Alcoholic Beverages), Blend (E5, E10, E15 to E70, E75 to E85), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global bioethanol market is estimated at USD 53.19 Billion in 2017 and is projected to reach USD 68.95 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022.

Browse 214 Market Data Tables and 48 Figures spread through 198 Pages and in-depth TOC on "Bioethanol Market - Global Forecast to 2022"
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The global bioethanol market was valued at USD 53.19 billion in 2017 and is projected to reach USD 68.95 billion by 2022, at a CAGR of 5.3% from 2017 to 2022. Bioethanol is ethyl alcohol derived from the fermentation of different renewable sources such as corn, wheat, grain sorghum & sweet sorghum, cassava, barley, potato, sugarcane, sugar beet, and cereals. The growing demand for bioethanol from the transportation industry in Asia Pacific, especially in emerging economies, is contributing towards the growth of the global bioethanol market.

Market players have adopted both organic and inorganic growth strategies, such as regional expansions, mergers & acquisitions, and joint ventures, to expand their businesses worldwide. The growing demand for bioethanol market for fuel blending is driven by government policies & mandates, increasing biofuel usage to deal with volatile prices of crude oil, increase awareness on climate change, and increase in demand for higher octane rating gasoline at competitive cost.

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Bioethanol is used in different end-use industries such as, transportation, pharmaceuticals, cosmetics, alcoholic beverages, etc. The growing demand for bioethanol is attributed to the government policies and mandates regarding the usage of bioethanol in transportation fuel.

Acquisition was the key strategy adopted by major players to enhance their presence in the global bioethanol market between 2013 and 2017. This strategy accounted for a major share of all development strategies adopted by leading players during the abovementioned period. Key players operating in the global bioethanol market include Archer Daniels Midland Company (US), POET LLC (US), Green Plains (US), Valero Energy Corporation (US), Flint Hills Resource (US), Abengoa Bioenergy SA (Spain), Royal Dutch Shell plc (Netherlands), Pacific Ethanol, Inc. (US), Petrobras (Brazil), and The Andersons (US).

Besides acquisitions, joint ventures, agreements/partnerships and expansions were the other key strategies adopted by market players to enhance their market shares and expand their geographical reach.

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Archer Daniels Midland Company used acquisition as its major strategy to increase its market share in the bioethanol market. In November 2015, Archer Daniels Midland Company acquired Tate & Lyle (Morocco), a corn wet mill that produces glucose and native starch. This acquisition is an addition to the corn processing segment. Through this acquisition, the company aims to cater the growing demand for its products in Morocco and enhance its product portfolio. The company is working independently as well as in partnership with other leading companies and research institutions to develop cellulose-based bioethanol. The company delivers the produced bioethanol through railcars, trucks, and terminals.

POET LLC used expansion as its major strategy to cater the increasing demand for bioethanol. In May 2017, POET LLC announced to double the ethanol plant capacity from 265 million liters to 568 million liters in Ohio, US by the third quarter of 2018. The company will invest USD 120 million for this expansion. This expansion is being done to cater the increasing demand from expected implementation of E15 fuel blending in the US. In February 2017, the joint venture company POET-DSM Advanced Biofuels, LLC built an on-site enzyme manufacturing facility for its cellulose-based bioethanol plant. This development helped the company improve effectiveness of enzyme mix and will reduce the cost of processing.

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