Pune, India, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Global Ethanol Market (2023-2030) Industry Research Report focuses on the global Ethanol Market forecast, growth opportunity, key market and key players. Also report gives detailed data about the major factors influencing the growth of the Ethanol market at the global and regional level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The 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, 2023-2030,” the market will benefit from recent advances in manufacturing of the product.
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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.
Market Analysis and Insights: Global Ethanol Market
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Ethanol market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
Regional Segment of Ethanol Market:
Geographically, the report includes research on production, consumption, revenue, market share and growth rate with following regions:
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
Growth Drivers:
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.
COVID-19 Impact:
The outbreak of COVID-19 has affected various industries, which affected the sales. The global lockdown and stringent restrictions imposed by governments created a long halt on the production operations of several companies. This affected the major key players' sales and revenue generation rate. To maintain social distancing norms imposed by governments, various companies have reduced the operating workforce that affected their production and supply chain.
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Report Coverage:
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 2023-2030. 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.
Segmentation Analysis:
The ethanol market exhibits a diverse landscape, characterized by effective segmentation that enables a comprehensive understanding of its dynamics. One crucial segmentation approach is based on feedstock sources, encompassing both first-generation and second-generation ethanol production. First-generation ethanol primarily relies on food crops like corn and sugarcane, while second-generation ethanol utilizes non-food biomass such as agricultural residues and wood waste.
Geographical segmentation also plays a role, as ethanol production and consumption patterns vary across different regions of the world. Countries with abundant agricultural resources often focus on first-generation ethanol production, while regions with advanced technology and sustainable practices may emphasize second-generation ethanol from non-food sources.
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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Key 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.
- In August 2019-Maharashtra state government has asked permission from the Indian Central government to allow sugar factories in Maharashtra to convert the sugar stock in ethanol.
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 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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