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Ethanol Market Prophesied to Grow at a Faster Pace by 2026 with Major PLayers : Cargill Inc., Archer Daniels Midland Company, Grain Processing Corporation, Ace Ethanol LLC, Advanced Bio Energy LLC, MGP Ingredients
Ethanol
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Extensive usage of ethanol in automotive industry as a fuel or fuel additive, is propelling the demand for ethanol in the global market. The ethanol market has witnessed a rapid growth over the past 10 years due to rapid funding for biofuel by the regulating bodies, since biofuel is considered as an eco-friendly alternative for gasoline.
Based on the process used, the ethanol market has been segmented into dry milling and wet milling. Furthermore, dry milling process dominated the global ethanol market both by revenue and by volume in 2016 and is expected to lead the market throughout the forecast period.
Based on sources, the ethanol market has been segmented into natural and synthetic sources, where the latter accounted for the major share in 2016 and is expected to lead the market throughout the forecast period.
Ethanol finds application in end-use industries such as automotive, alcoholic beverages, pharmaceuticals, and cosmetics. Alcoholic beverages segment accounted for the largest share in terms of both revenue and volume, owing to increasing usage of ethanol in alcoholic beverages.
Major Players in the Global Ethanol Market
Major players operating the global ethanol market include Cargill Inc., Archer Daniels Midland Company, Grain Processing Corporation, Ace Ethanol LLC, Advanced Bio Energy LLC, MGP Ingredients, Flint Hills Resources, Marquis Energy, and various others.
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