Bioethanol is a type of renewable fuel that is produced through the fermentation of biological materials containing sugars or starches. It is an alcohol that can be used as a substitute for or additive to traditional fossil fuels like gasoline in internal combustion engines. Bioethanol is considered a renewable energy source because it is derived from organic materials, such as corn, sugarcane, wheat, and various types of agricultural residues, which can be grown and harvested on a regular basis.
The Bioethanol
Market
was valued
at USD 63654.1 Million in 2022 and is expected to register CAGR of 3.71% by
2032.
Bioethanol is considered a more sustainable and
environmentally friendly fuel compared to conventional gasoline. It has the
potential to significantly reduce greenhouse gas emissions, as it emits fewer
carbon dioxide and other pollutants during combustion. This is expected to
boost demand for bioethanol during the forecast period.
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Bioethanol Market Key Company
Archer Daniels Midland
BP
Green Plains
POET
Royal Dutch Shell
Valero Energy
COFCO
Tianguan
Jilin Fuel Alcohol
ZTE Energy
Longlive Bio-Technology
SDIC Guangdong Bio-Energy
Market Segmentation (by Type)
Corn Source
Cassava Source
Others
Market Segmentation (by Application)
Transportation
Pharmaceuticals
Cosmetics
Alcoholic Beverages
Others
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