Press release
Fuel Ethanol Market Size, Share, Trends, Insights And Forecast To 2033
Fuel Ethanol Market
As per the report, the fuel ethanol market size has grown strongly in recent years. It will grow from $96.06 billion in 2023 to $102.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The fuel ethanol market size is expected to see strong growth in the next few years. It will grow to $131.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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The Surge In Ethanol Consumption Fuels Growth In The Automobile Industry And Propels The Fuel Ethanol Market
The rising consumption of ethanol in the automobile industry will propel the growth of the fuel ethanol market going forward. 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. For instance, in January 2022, according to S&P Global Commodity Insights, a UK-based energy company, the demand for fuel ethanol in Europe is predicted to increase by 10% to 6,490 million liters in 2022, while production is expected to rise by 4% to 6.016 billion liters. Therefore, rising ethanol consumption in the automobile industry is driving the growth of the fuel ethanol market.
Revolutionizing The Fuel Ethanol Market Through The Rise Of Technological Advancements And Sustainable Aviation Fuel Solutions
Technological advancement is a key trend gaining popularity in the fuel ethanol market. 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.
The fuel ethanol market covered in this report is segmented -
1) By Product: Starch Based, Sugar Based, Cellulosic
2) By Source: Synthetic, Natural
3) By Raw Material: Maize, Wheat, Industrial Beets, Sugarcane, Cereal and Starch, Other Raw Materials
4) By Application: Conventional Vehicles, Flexible Fuel Vehicles
5) By End-User: Automotive, Oil and Gas, Other End Users
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Major companies operating in the fuel ethanol market report are Mitsubishi Chemical Corporation, Valero Energy Corporation, The Andersons Inc., Aemetis Inc., British Petroleum Company plc, Cargill Incorporated, Archer Daniels Midland Company, LyondellBasell Industries Holdings B.V., Sasol Limited, Solvay SA, DuPont de Nemours Inc., Delta-T Corporation, Raízen S.A., Green Plains Inc., Renewable Energy Group Inc., Flint Hills Resources, CropEnergies AG, Abengoa Bioenergy, Aventine Renewable Energy Holdings Inc., Big River Resources LLC, Red Trail Energy LLC, Marquis Energy LLC, ICM Inc., Panda Energy International Inc., POET LLC, Pacific Ethanol Inc., BlueFire Renewables, Advanced BioEnergy LLC, White Energy Inc., Andersons Ethanol Group LLC, Glacial Lakes Energy LLC
Contents of the report:
1. Executive Summary
2. Fuel Ethanol Market Report Structure
3. Fuel Ethanol Market Trends And Strategies
4. Fuel Ethanol Market - Macro Economic Scenario
5. Fuel Ethanol Market Size And Growth
…..
27. Fuel Ethanol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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