Dublin, May 13, 2024 (GLOBE NEWSWIRE) -- The "Global Ethanol Market Overview, 2024-29" report has been added to ResearchAndMarkets.com's offering.
The global ethanol market is expected to witness significant growth, surpassing the value of USD 139 Billion by 2029, growing from USD 104.56 Billion in 2023. Anticipated to expand with a Compound Annual Growth Rate (CAGR) of 5.05% from 2024 to 2029, the market is buoyed by a confluence of robust government policies, technological advancements, and an increased emphasis on renewable energy sources.
Driving Forces Behind the Growth
The market's growth trajectory is attributed to supportive government policies and advances in technology that have enhanced ethanol production efficiency. Governments worldwide are implementing policies, such as blending mandates, to increase demand for ethanol and encourage investment while scientific innovations lead to the use of non-food feedstocks, thereby promoting a more sustainable ethanol industry.
Challenges and Strategic Implications
Despite its growth potential, the ethanol market faces challenges, including pricing volatility and feedstock competition, which may impact production. Additionally, infrastructure limitations could pose a challenge for distribution. Market players are adapting strategies, including securing feedstock supplies and investing in research and development, to mitigate these challenges.
Trends Shaping the Industry
With increasing environmental concerns, the demand for renewable energy sources has surged, leading to an industry trend favouring diversification of feedstock sources. Corn and sugarcane remain prevalent, but alternative sources such as cellulosic biomass are gaining traction to address food security concerns.
Segmentation Insights
Synthetic ethanol production is witnessing considerable growth due to its efficiency and reduced environmental impact. Sugar-based feedstocks, on the other hand, are expected to grow rapidly due to their efficient conversion into ethanol. The automotive and transportation sector remains the dominant end-user of ethanol, largely driven by the need for cleaner-burning fuels.
Regional Market Developments
Europe is forecasted to lead the growth in the global ethanol market, largely due to stringent renewable energy targets and supportive policies aiding in demand stimulation. Investment in R&D and the promotion of a circular economy serve as catalysts for the European market expansion.
Industry-Leading Participants
The global market sees significant initiatives from key players such as capacity expansion and advancements in production technologies. Industry participants are also focusing on securing raw material sources in response to escalating competition and ensuring a steady supply chain. The global ethanol market is positioned within a dynamic framework of regulatory, technological, and market-driven factors, pointing towards a resilient industry outlook for the foreseeable future.
Competitive Dashboard
- Business Strategies Adopted by Key Players
- Key Players Market Share Insights and Analysis, 2022
- Key Players Market Positioning Matrix
- Porter's Five Forces
Company Profiles
- Cargill, Incorporated
- Company Snapshot
- Company Overview
- Financial Highlights
- Geographic Insights
- Business Segment & Performance
- Product Portfolio
- Key Executives
- Strategic Moves & Developments
- BP p.l.c.
- The Archer-Daniels-Midland Company
- Orsted A/S
- Tereos S.A.
- Green Plains
- Bunge Global SA
- The Andersons, Inc.
- Kemin Industries Inc
- Sasol Limited
Aspects covered in this report
- Ethanol market Outlook with its value and forecast along with its segments
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Considered in this report
- Historic year: 2018
- Base year: 2023
- Estimated year: 2024
- Forecast year: 2029
By Sources
- Natural
- Synthetic
By Feedstock
- Starch Based
- Sugar Based
- Cellulose Based
- Others
By End Use
- Automotive and Transportation
- Alcoholic Beverages
- Cosmetics
- Pharmaceuticals
- Others
By Fuel Blend
- E5
- E10
- E15 TO E70
- E75 TO E85
- Others
For more information about this report visit https://www.researchandmarkets.com/r/3mdi7o
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