Global Ethanol Market To Reach US$105.0 Bn by 2022
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.
Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2229
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 2022 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.
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.
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.
More Trending Reports by Transparency Market Research – https://www.prnewswire.com/news-releases/global-polyurea-coatings-market-to-grow-at-10-3-cagr-and-attain-valuation-of-us1-82-bn-during-2018–2026-transparency-market-research-301002642.html
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.
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.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Ethanol Market (Feedstock - Coarse grain-based, Sugarcane-based, and Wheat-based; End Use - Fuel, Industrial Solvents, Beverages, and Cosmetics) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022”
Request for Custom Research at - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2229
The rising application of ethanol in making cleaner fuels for automobile is accentuating the market.
The demand for ethanol is also expected to benefit from the rising consumption of high-quality alcoholic beverages.
Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2229
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Ethanol Market To Reach US$105.0 Bn by 2022 here
News-ID: 2324179 • Views: 260
More Releases from Transparency Market Research
Social CRM Market to Rear Excessive Growth During 2020-2030
Social CRM Market: Introduction The social CRM market focuses on capturing the needs of consumers and generates value for them. Social customer relationship management (CRM) provides critical analysis about the market. It enables businesses to build customer relationships and improve their brand presence. The solution helps companies to monitor and analyze their reputation in the market with various keywords such as brand name and company name. Obtain Report Details @
Video Ad Insertion Platform Market: Size Industry Status Growth Opportunity For …
Video ad Insertion Platform Market – Introduction Video ad insertion platform IT enables marketers to serve different advertisements to each viewer based on consumer insights and ad campaign results. Increasing demand for OTT platforms, technological advances, and an increase in the number of internet users are all boosting the video ad insertion platform industry. Furthermore, the 6-second ad is gaining attention on various social media sites. According to new research from
Smart Luggage Market: Analysis, Strategic Assessment, Trend Outlook And Business …
Smart Luggage Market: Introduction Smart luggage are bags with remote lock systems, GPS locator, USB ports for charging the device, remote or app enabled controls, Wi-Fi or Bluetooth connectivity, and solar powered batteries. Smart luggage have anti-theft protection, which provides the user with an alarm or notification when the luggage gets disconnected or is moved out of range. Smart luggage are not only technological advanced but also have a stylish look,
Storage Resource Management Tool Market: Future Growth And Forecast With Signifi …
Global Storage Resource Management Tool Market: Introduction A storage resource management tool enables real-time and historical information for storage infrastructure with regards to capacity and performance, problem determination, device management, and configuration planning and change management. It helps the storage administrator to automate data backup, data recovery, and SAN performance analysis. The tool helps in visualizing relationships and topologies from application to storage array, analyzing health, configurations and capacity growth, and
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
TMR - Electrical Submersible Pumps Market by 2022
A large number of prominent enterprises with strong brands currently represent the majority in the global electrical submersible pumps (ESPs) market. This provides the market with a highly competitive vendor landscape. According to Transparency Market Research (TMR), the top four companies operating in the market, comprising Schlumberger Limited, Borets Company, LLC, Baker Hughes Incorporated, and GE Oil & Gas, held over 86% of the global ESP market in 2013. In
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the