Pune, India, Sept. 20, 2022 (GLOBE NEWSWIRE) -- The global ethanol market will derive growth from the increasing emphasis on the use of environment-friendly products. According to a report by Fortune Business Insights, titled “Ethanol Market Size, Share & Industry Analysis, By Type (Synthetic Ethanol, Bioethanol), By Raw Material (1st Generation Feedstock (kernels and starchy crops biomass), 2nd Generation Feedstock (Lignocellulosic biomass), 3rd Generation Feedstock (Algal biomass),4th Generation Feedstock (Industrial waste CO2), Petroleum derived chemicals), By Application (Transportation, Energy, Chemical, Others) and Regional Forecast, 2022-2029,” the market will benefit from recent advances in manufacturing of the product.
List of Players Operating in the Ethanol Market are as follows:
- Pacific Ethanol, Inc.
- Cremer Oleo GmbH & Co. KG
- AGRANA Group
- Archer Daniels Midland Company
- Raízen Energia S.A
- POET
- SEKAB
- Nordzucker AG
- Abengoa Bioenergía
- Petrobras Biocombustíveis
- Tereos, Soufflet Group
- Attis Biofuels
- ENVIRA
- Ensus
- Green Future Innovations Inc.
- Cargill
- Bioethanol Japan Kansai Co Ltd.
- Vivergo
- DONG Energy.
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Ethanol is used as a solvent for manufacturing numerous material, including varnishes and perfumes. The ease of availability of the material has allowed applications across diverse industries. Ethanol can be produced through a variety of methods, and is identified as an environment-friendly fuel. The product possesses a huge potential due to its ‘sustainable’ nature. The global concerns surrounding global warming and increasing environment pollution will contribute to the growing demand for ethanol across the world. Ethanol is mainly derived from crops such as sugar, wheat, and corn. The increasing demand for ethanol, accounting to the exceptional properties of the product, will have a direct impact on the growth of the market in the coming years.
The report provides an in-depth analysis of the global ethanol market. It highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.
Highlights of the Report-
The report is based on extensive research on the market and its growth parameters, including drivers, restraints, challenges, and opportunities in the market. It also includes the table of segmentation, along with a list of segments dominating the market and its attributed factors. The report throws light on the significant industry developments, current asset integrity management market trends, and other interesting insights offered by the market. For more information on the market, log on to the company website.
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Growth Factors:
Increasing Efforts Taken for Production and Maximization of Ethanol Will provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing efforts taken to maximize the use of ethanol across diverse industrial applications will open up a huge potential for market growth. In February 2019, Albioma announced the industrial commissioning of the first peak-load combustion turbine. The company stated that its system will primarily operate on 80% bioethanol and 20% diesel. This system will cater to the growing need for sustainable fuel alternative. This system will not only have a positive impact on the growth of the regional market, but will have a positive impact on the growth of the global market.
Regional Analysis:
United States is the Largest Producer of Ethanol; Market in North America Will Emerge Leading
The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is likely to emerge as the leading region. The United States is currently the largest producer of ethanol. The reason behind the growth of the market in this regions is the ease of availability of raw materials that are required for the production and ethanol in across this region. Besides North America, the market in South America will witness considerable growth in the coming years, driven by the presence of several large scale producers of ethanol in this region.
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Industry Developments:
In February 2019: Albioma announced the industrial commissioning of the first peak-load combustion turbine (CT) operating primarily on bioethanol in Saint-Pierre, Réunion Island. The CT works with two types of fuel: bioethanol (80%) from the distillation of sugarcane molasses, produced locally at the Rivière du Mât distillery, and diesel fuel (20%), which is needed to start the turbine.
August 2019: The Maharashtra state government has asked permission from the Indian Central government for conversion of sugar stock in ethanol through sugar factories.
Ethanol Market Segmentation:
By Type:
- Synthetic Ethanol
- Bioethanol
By Raw Material:
- 1st Generation Feedstock (kernels and starchy crops biomass)
- 2nd Generation Feedstock (lignocellulosic biomass)
- 3rd Generation Feedstock (Algal biomass)
- 4th Generation Feedstock (Industrial waste CO2)
- Petroleum derived chemicals
By Application:
- Transportation
- Energy
- Chemical
- Others
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Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Merger, Acquisitions, and Partnerships
4.2 Porter’s Five Forces Analysis
4.3 SWOT Analysis
4.4 Technological Developments
4.5 Impact of COVID-19
Continued…
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