The global ethanol market is characterized by the prominent presence of companies such as Solvay Group, Flint Hill Resources, LP, POET, LLC, Valero Energy Corporation, The Andersons, Inc., Green Plains, Inc., Pacific Ethanol, Inc., Mitsubishi Chemical Corporation, Cargill, Incorporated, and Archer-Daniels-Midland Company, finds Transparency Market Research (TMR). Players strive to tap on vast lucrative opportunities arising out of the burgeoning demand from several end-use industries, notably automobile and alcoholic beverages. Several manufacturers are focusing on technology advancements in production technologies to thrive.
The global market for ethanol stood at US$71.8 bn in 2017 and is anticipated to garner a revenue US$105.0 bn by end of the forecast period of 2017–2022. The global market is projected to rise at a CAGR of 7.9% during the period.
According to the type of feedstock used, the key segments are coarse grain-based, sugarcane-based, and wheat-based ethanol. Of these, coarse grain-based ethanol is projected to emerge as the most attractive segment, rising at a healthy CAGR of 8.0% during 2017–2022. Of note, during the period, the absolute prospect created by this segment could supersede all other types of feedstock.
Regionally, North America is anticipated to account for the major revenue share of the global market. The regional market is projected to clock a CAGR of 8.1% during the assessment period and is expected to touch a valuation of US$48.3 billion by 2024 end. Europe is a prominent regional market for ethanol and is forecast to generate a revenue of US$3.4 billion, in absolute terms, in between 2017 and 2025.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2229
Demand for Cleaner and Cost-Effective Fuel in Automobile Sector to Bolster Uptake
The ethanol market is driven primarily by the extensive demand for the chemical compound in the automobile sector. The use of ethanol as a clean-burning fuel and as a fuel additive is instrumental in reducing greenhouse gas emissions and reducing dependence on oil in various economies world over. The staggering rise in automobiles in a number of industrialized nation is providing a robust thrust to the adoption of ethanol as an eco-friendly fuel in the automobile sector.
The ethanol market is as also garnered huge gains from the rising number of gasoline stations in advanced nations, particularly the U.S., providing blended ethanol. The growing number of ethanol biorefineries in developed regions is also catalyzing the growth of the market. Ethanol is deemed to be safer and eco-friendly option than most hydrocarbon octane sources, thereby accounting for its vast popularity in the automobile sector.
More Trending Reports
The emerging popularity of alcoholic beverages is also stoking the demand for ethanol. The rising application of ethanol in making premium quality alcoholic beverages is boosting the market. The miscellaneous use of ethanol in making explosives, paints, and perfume is also accentuating the global market.
Prevailing Regulations in Some Nations may hinder Growth
The prominent use of ethanol in making a variety of personal care products and household cleaning products is also boosting the market. The market also benefits from the popular use of ethanol as a key ingredient in sanitizers as it can wipe out microorganisms.
Request Covid19 analysis on this market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2229
However, the highly flammable nature of ethanol elevates the cost of its transportation, which negatively impacts the growth of the market. The unfavorable regulatory landscape in a number of developed nations regulating its end-use applications may also hinder the growth of the market. Nevertheless, the rising popularity of ethanol as biofuels in supporting a low-carbon economy is expected to create lucrative prospects in the years to come. Furthermore, the rise in production of ethanol in supporting the economic growth of several countries is a key factor working in favor of the ethanol market.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=2229<ype=S
In coming years, as the debate on the potential impact of the chemical manufacturing across industries on the ecology gets fiercer, new monitoring technologies will emerge. Latest compliance regulations will expand the scope of green chemistries for businesses in the downstream value chain. Further, manufacturers in the market will increasingly leverage digital channels to reach high-value customers. Many will use them to avoid disruption such as by pandemics.
An assortment of analytics technologies will help in augmenting the commercial productivity. However, until now, the pace of adoption of digital technologies in the overall chemicals industry has been relatively slow. It thus remains to be seen how far the players in the market will be able to unlock long-term productivity benefits of AI-driven management of various business functions, particularly research and development and production.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
