Press release
Fuel Ethanol Market Analysis, Size, Share, Industry Outlook, Trends, Growth and Global Forecast 2023-2032
Fuel Ethanol Market Report
The Business Research Company's Fuel Ethanol Global Market Report 2023 identifies rising ethanol consumption in the automobile industry as the major driver for the fuel ethanol market's growth in the forecast period. Automobiles, also known as motorcars or cars, are typically four-wheeled vehicles that are primarily used for transporting people. Fuel ethanol is used to power automobiles.
The global fuel ethanol market is expected to grow from $90.93 billion in 2022 to $96.63 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fuel ethanol market is expected to grow to $120.99 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the fuel ethanol market are BP Plc., Cargill Incorporated, Archer Daniels Midland Company, Pacific Ethanol Inc., DuPont de Nemours Inc.
A key trend in the fuel ethanol market includes technological advancement. Major companies operating in the fuel ethanol market are developing innovative technologies to strengthen their position in the market. For instance, in October 2022, Honeywell, a US-based conglomerate corporation, launched ethanol-to-jet fuel (ETJ) processing technology. The ethanol-to-jet fuel (ETJ) processing technology enables manufacturers to transform ethanol derived from corn, cellulosic biomass, or sugar into sustainable aviation fuel (SAF). The ethanol-to-jet fuel technology reduces greenhouse gas (GHG) emissions by 80% throughout its full lifecycle as compared to jet fuel made from petroleum.
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The fuel ethanol market is segmented -
•By Product: Starch Based, Sugar Based, Cellulosic
•By Source: Synthetic, Natural
•By Raw Material: Maize, Wheat, Industrial Beets, Sugarcane, Cereal and Starch, Other Raw Materials
•By Application: Conventional Vehicles, Flexible Fuel Vehicles
•By End-User: Automotive, Oil and Gas, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the fuel ethanol market.
The Business Research Company's "Global Fuel Ethanol Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fuel Ethanol Market Include:
1. Executive Summary
2. Fuel Ethanol Market Characteristics
3. Fuel Ethanol Market Trends And Strategies
4. Fuel Ethanol Market - Macro Economic Scenario
5. Fuel Ethanol Market Size And Growth
……
26. Africa Fuel Ethanol Market
27. Fuel Ethanol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fuel Ethanol Market
29. Fuel Ethanol Market Future Outlook and Potential Analysis
30. Appendix
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