$64.8 Billion Worldwide Bioethanol Industry to 2025 - Impact of COVID-19 on the Market
The market size for bioethanol was USD 43.2 billion in 2019 and is projected to reach USD 64.8 billion by 2025, growing at a CAGR of 14% between 2020 and 2025.
- The market size for bioethanol was USD 43.2 billion in 2019 and is projected to reach USD 64.8 billion by 2025, growing at a CAGR of 14% between 2020 and 2025.
- The global bioethanol industry has witnessed high growth primarily because of the mandatory usage of bioethanol fuel blends in many countries, especially in transportation vehicles.
- Transportation end-use industry segment is projected to lead the bioethanol market from 2020 to 2025.
- This will increase the demand for bioethanol in the market.