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(Transportation-News.com, September 03, 2024 ) North America bioethanol market had more than 58% market share in the global bioethanol market in 2023. Increased acceptability, governmental support, and large maize crop has created a favorable atmosphere in the region. Latin America holds second position in bioethanol market, with Brazil producing over a quarter of worldwide ethanol.
When bioethanol is generated, it emits little to no net carbon dioxide and is derived from renewable resources such as crop harvests. As a result of lower carbon monoxide emissions, air quality is improved. While cellulosic biofuels are more expensive than ethanol derived from corn, miscanthus produces more ethanol per acre than maize and corn stover.
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Bioethanol Market Segmentation
By Fuel Blend
E-5
E-10
E-15 to E-70
E-75 to E-85
E-85 to E-100
By Application
Fuel
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Bioethanol Market Key Players:
Cropenergies AG (Germany)
Cristal Union (France)
Archer Daniels Midland Company (United States)
Petrobras (Brazil)
Tereos (France)
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