Bioethanol, a gasoline substitute, is a biofuel derived from natural sources such as sugarcane, maize, and corn. Bioethanol is produced from food crops; however, with the introduction of second- and third-generation biofuel technologies, the reliance on food crops for bioethanol production has decreased. The manufacturers' primary focus is on producing bioethanol from agricultural and forest residues, as well as energy crops such as miscanthus, switchgrass, and sugarcane bagasse. The factors driving the global Bioethanol Market are rising environmental concerns, which encourage manufacturers to produce bioethanol, blending mandates from regulatory bodies such as the EPA (Environmental Protection Agency), and abundant raw material availability. However, high investment cost of cellulosic ethanol and issues about use of food crops for fuel production are expected to hamper the bioethanol market growth during forecast period. Moreover, development of second- & third-generation biofuels are expected to create innumerable growth opportunities in the bioethanol market. Source Link- https://cmi-latestreportorientedblogs.blogspot.com/2022/08/bioethanol-market-global-opportunity.html
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