Market Size of Asia-Pacific Bio-ethanol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Bio-ethanol Market Analysis
The Asia-Pacific Bio-ethanol market is anticipated to register a CAGR greater than 5% during the forecast period.
During the outbreak of COVID-19, there was a negative impact on the bio-ethanol market in the Asia-Pacific region due to disruptions in the supply chain. However, the market began to recover in 2021. The significant factors of the industry are increased government initiatives and the relaxation of prohibitions on marketing gasoline with a more substantial proportion of ethanol. The Asia-Pacific Bio-ethanol market has recovered from the pandemic and is growing significantly.
- Over the short term, increasing favorable initiatives, blending mandates by regulatory bodies, and growing environmental concerns due to the use of fossil fuels and the need for biofuels are projected to fuel market growth throughout the forecast period.
- However, fuel-based vehicles are being phased out due to rising demand for electric cars, and a shift in priority to bio-butanol is the significant factor that is likely to hamper the growth of the Asia-Pacific bio-ethanol market size.
- Nevertheless, over the forecast period, second-generation bio-ethanol production and increased bio-fuel consumption in the aviation industry are likely to create lucrative delivery opportunities for the Asia-Pacific Bio-ethanol market.
