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Ethanol Market Size Analysis by Growth, Emerging Trends and Future Opportunities
Ethanol Market
One of the primary market drivers is the use of ethanol as a biofuel. The automotive industry has risen dramatically in recent years, posing numerous challenges in terms of air pollution control. To combat the problem of increased air pollution caused by automobiles, ethanol is combined with gasoline up to quantities of 10% and 15%. The use of ethanol provides significant benefits in terms of fuel economy, thermal efficiency, and cold start assistance throughout the winter season. In terms of the use of ethanol as a biofuel, the United States and Brazil are the world leaders.
Alcoholic beverages containing ethanol, which were once considered a luxury item, are now gradually becoming a standard offering that can be bought in most supermarkets.
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Emerging ethanol applications are expected to provide new prospects for key competitors in the global market. The aviation sector is concentrating its efforts on the development of ethanol blended fuels in order to reduce total costs and carbon emissions. In the near years, recent applications of ethanol in ignition systems and pollution control in the transportation sector are projected to create more opportunities. In addition, the rise of coronavirus disease has raised the use of ethanol-based hand sanitizers, boosting global market growth. The Centers for Disease Control and Prevention (CDC) recommends using ethanol because it is efficient against bacteria, viruses, and fungus. Furthermore, the ample availability of raw materials for ethanol manufacturing in developing countries encourages multinational corporations to expand their operations.
Global Ethanol Market- Segmental Analysis
Based on type
• Synthetic Ethanol
• Bioethanol
Based on raw material
• 1st Generation Feedstock (kernels and starchy crops biomass)
• 2nd Generation Feedstock (lignocellulosic biomass)
• 3rd Generation Feedstock (Industrial waste CO2)
• Petroleum derived chemicals
Based on application
• Transportation
• Energy
• Chemical
• Others
Based on purity
• Denatured alcohol
• Undenatured alcohol
Based on Source
• Grain based ethanol
• Sugar mills
Based on region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
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Ethanol Market- Competitive landscape
• Cremer Oleo GmbH & Co. KG
• AGRANA Group
• Archer Daniels Midland Company
• Raízen Energia S.A
• POET
• SEKAB
• Nordzucker AG
• Abengoa Bioenergía
• Petrobras Biocombustíveis
• Tereos
• Soufflet Group
• Attis Biofuels
• ENVIRA
• Ensus
• Green Future Innovations Inc.
• Cargill
• Vivergo
• BP p.l.c.
• Flint Hills Resources, LLC
• Green Plains, Inc.
• Wilmar International Limited
• Others
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Key Market Benefits
This report provides a detailed quantitative analysis of the current endoscopy devices market trends and estimations from 2019 to 2027, which assist to identify the prevailing opportunities.
An in-depth endoscopy devices market analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
Region wise and country wise market conditions are comprehensively analyzed in this report.
The projections in this report are made by analyzing the current trends and future market potential from 2019 to 2027.
An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global market.
Frequently Asked Questions
What is the current size of the global ethanol market?
The global ethanol market size surpassed at USD 93.7 billion in 2020 and is expected to reach around USD 155.6 billion by 2030.
What is the CAGR of ethanol market?
Which factors driving the ethanol market growth?
Why North America was dominated the global ethanol market in 2020?
Which source segment was recorded the prime market share in the global ethanol market?
Which application segment is expected to dominate largest revenue in the global ethanol market?
Why Asia Pacific is expected to register the fast growth rate in the global ethanol market?
Which major companies are functioning in the worldwide ethanol market?
Why ethanol?
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