[PDF] The Growing Ethanol Market: Trends, Opportunities, and Challenges by 2022-2023

Ethanol also known as ethyl alcohol is a clear, colorless liquid with a molecular formula C2H6O. Ethanol has agreeable odor along with sweet flavor and it is widely consumed as recreational drug. Ethanol is extensively used as an alternative to the fossil fuels and widely regarded as a clean type of fuel. Along with the primarily source corn ethanol can be also produced from poplar trees, corn straw, sugarcane, wheat straw, and wood residues. Fermentation of sugars by using yeast or petrochemical processes is natural method of ethanol production. Ethanol is also used in the medical applications as antiseptic as well as disinfectant. This chemical compound is majorly used as a chemical solvent for scientific chemical testing as well as synthesis of other organic compounds. Ethanol is a volatile, colorless, and flammable liquid with formula C2H6O. Ethanol is widely used as an alternative to fossil fuels and is widely regarded as a clean type of fuel (renewable source). Ethanol can be used in combination with other fossil fuels or as a standalone fuel like gasoline and diesel. Ethanol is commonly produced from corn, but other sources include poplar trees, wheat straw, corn straw, rice straw, sugarcane, and wood residues. The Global Ethanol Market accounted for US$ 92.65 billion in 2020 and is estimated to be US$ 141.18 billion by 2030 and is anticipated to register a CAGR of 4.30%.

Report link:
https://www.prophecymarketinsights.com/market_insight/Global-Ethanol-Market-By-Type-171

Key Highlights:

• In 2017, for instance, Pacific ethanol, Inc. formed a licensing agreement with the key manufacturer of ethyl alcohol processing technologies Edeniq, Inc., in order to enable company to utilize Edeniq's Cellunator technologies for manufacturing of ethyl alcohol based on cellulose in, California.
• January 2015, for instance, in order to cater to the rising demand for ethanol in the U.S. market, Flint Hills Resources LP has purchased an ethyl alcohol production facility Southwest Georgia ethanol, LLC which is located in Georgia, U.S.

Key Market Insights from the report:

• The global market accounted for US$ 92.65 billion in 2020 and is projected to register a moderate CAGR of 4.30% over the forecast period. The market report has been segmented on the basis of type, end-user, and region.
• By type, sugarcane based ethanol type segment accounted for major revenue share in 2018 in terms of volume and expected to register a CAGR of 5.4% over the forecast period. Technological advancement in of ethyl alcohol production from raw materials especially from lingo cellulosic is expected to propel the growth of the target market during the forecast period.
• By end user, the fuel segment is expected to hold significant revenue share over the forecast period. Growing automotive sector across the globe, coupled with the rising demand for the ethanol as a fuel is in turn expected to boost growth of the segment over the forecast period.
• By region, North America ethanol market accounted for major revenue share of the global ethanol market and is further anticipated to maintain its dominance over the forecast period. Stringent regulations over the particulate emissions, coupled with increasing presence of domestic manufacturers and well-established automotive industry in the region are some among the major factor expected to support growth of the ethanol market in the region over the forecast period. The market in Asia Pacific is expected to account for second-highest revenue share in 2018.

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Key Players:

• Archer-Daniels-Midland Company
• Cargill Inc.
• Solvay Group
• Mitsubishi Chemical Corporation
• Pacific Ethanol, Inc.
• Green Plains Inc.
• The Andersons, Inc.
• Valero Energy Corporation
• POET LLC
• Flint Hill Resources LP.

Market Segmentation:

• By Type- Coarse-grain Based Ethanol, Sugarcane Based Ethanol, and Wheat-based Ethanol
• By End-User- Fuel, Industrial Solvents, Beverages, and Cosmetics

Regional scope:

• North America - U.S., Canada
• Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe
• Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
• Latin America - Brazil, Mexico, Argentina, Rest of Latin America
• Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

• FORMAT:(PDF)
• NO OF PAGES:165
• BASE YEAR: 2022

Other Related Reports:-
• https://www.prophecymarketinsights.com/market_insight/Global-Renewable-Methanol-Market-By-616
• https://www.prophecymarketinsights.com/market_insight/Global-Dimethyl-Ether-Market-By-901
• https://www.prophecymarketinsights.com/market_insight/Global-Methanol-Market-By-Feedstock-914

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This release was published on openPR.