Ethanol Market is Projected to Grow at a CAGR of 3.54 by 2028 | Valuates Reports

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BANGALORE, India, July 15, 2022 /PRNewswire/ — The Global Ethanol Market is Segmented by Type (Corn Based Ethanol, Cellulosic Ethanol), by Application (E10, E15, E85): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Chemicals Industry Category.

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The ethanol market was valued at USD 62.56 Billion in 2021 and the CAGR is 3.54% during the forecast period (22-28).

Major Factors Driving the Growth of the Ethanol Market

Strict regulation for curbing greenhouse gas emissions, increasing consumption of alcoholic beverages, and eco-friendly benefits of ethanol fuel will drive the growth of the ethanol market. 

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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL ETHANOL MARKET

The emphasis on reducing fuel emissions is an important agenda for government authorities around the world. In a bid to reduce the overall carbon footprint the use of Ethanol fuel is increasing in many countries. By blending 10% renewable ethanol with gasoline( E10) less fossil fuel is required thereby decreasing carbon dioxide emissions which helps in tackling climate change. Ethanol fuel is inexpensive and made from raw materials such as corn, sugarcane, or grain which are available everywhere. These factors will boost the growth of the ethanol market during the forecast period.

Ethanol is a renewable fuel as it burns more cleanly than gasoline or diesel fuel. It reduces greenhouse gas emissions as the biomass inside the fuel absorbs the carbon dioxide. Corn ethanol is blended to create mixtures such as E10, E15, and E85. Research suggests that corn ethanol reduces carbon footprint by decreasing carbon monoxide emissions and improving fuel octane. As it is made out of processed corn it reduces the pressure to drill in environmentally sensitive places. Such factors will drive the growth of the ethanol market in the coming years.

Consumers are choosing boutique brands and premium drinks.  They are ready to spend more to elevate the drinking experience. With the rise in home consumption, people are relishing more expensive wines, spirits, and unique menu items. They are preferring quality over quantity in their beverages. Ethanol is used as an intoxicating agent in wine, liquor, and beer. Premium offerings are becoming essential products which in turn will boost the growth of the global ethanol market during the forecast period.

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ETHANOL MARKET SHARE ANALYSIS

Based on type, corn-based ethanol is expected to be the largest segment with a share of 95%. Corn grain is preferred as it makes a good biofuel feedstock due to its high starch content and can be converted easily into ethanol. Corn can be stored in huge quantities. 

Based on application, E10 is expected to boost the ethanol market share followed by E85 and E15. 

Based on region, North America is expected to maintain the lead in the ethanol market share owing to favorable government policies for the production and use of ethanol as a biofuel, rising awareness regarding environmental pollution, and the presence of key players.

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Key Companies

  • Archer Daniels Midland
  • POET Biorefining
  • Valero
  • Green Plains
  • Flint Hills Resources
  • Pacific Ethanol
  • Big River Resources
  • Cargill
  • The Andersons Ethanol Group
  • White Energy
  • CHS Inc
  • Glacial Lakes Energy
  • Abengoa Bioenergy
  • DuPont.

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SIMILAR REPORTS:

–  Global Bioethanol Fuel Market Insights and Forecast to 2028

–  Due to the COVID-19 pandemic, the global Fuel Ethanol market size is estimated to be worth USD 80 Million in 2022 and is forecast to a readjusted size of USD 96.1 Million by 2028 with a CAGR of 3.2% during the review period.

–  Global Industrial Ethanol Market Insights, Forecast to 2028

–  Global Corn-Based Ethanol Market Insights and Forecast to 2028

–  Global Cellulosic Ethanol Market Insights and Forecast to 2028

–  Global Ethanol Bus Market Insights and Forecast to 2028

–  Global Renewable Ethanol Market Research Report 2022

–  Global Pharmaceutical Ethanol Market Outlook 2022

–  Due to the COVID-19 pandemic, the global Biofuels market size is estimated to be worth USD 76540 Million in 2022 and is forecast to a readjusted size of USD 100830 Million by 2028 with a CAGR of 4.7% during the review period.

–  Global Corn-Based Renewable Fuel Market Research Report 2022

–  Global Corn Based Ingredients Market Insights and Forecast to 2028

–  Due to the COVID-19 pandemic, the global Diethanol Isopropanolamine (DEIPA) market size is estimated to be worth USD 405.3 Million in 2022 and is forecast to a readjusted size of USD 608.3 Million by 2028 with a CAGR of 7.0% during the review period.

–  Due to the COVID-19 pandemic, the global Phenoxyethanol Preservatives market size is estimated to be worth USD 96.5 Million in 2022 and is forecast to a readjusted size of USD 123.9 Million by 2028 with a CAGR of 4.2% during the review period.

–  Global Ethanol Fuel Testing Market Insights and Forecast to 2028

–  The Solid Oxide Fuel Cell market size was valued at USD 605.6 Million in 2020 and is projected to reach USD 1451.4 Million by 2027, at a CAGR of 13.3% during 2021-2027.

–  Due to the COVID-19 pandemic, the global Hydrogen Fuel Cells market size is estimated to be worth USD 4526 Million in 2022 and is forecast to a readjusted size of USD 25510 Million by 2028 with a CAGR of 33.4% during the review period.

–  The global Fuel Cell market size is projected to reach USD 15820 Million by 2027, from USD 4331 Million in 2020, at a CAGR of 20.4% during 2021-2027.

–  The global Fuel Cell Gas Diffusion Layer (GDL) market size is estimated to be worth USD 675.1 million in 2022 and is forecast to a readjusted size of USD 3636.6 million by 2028 with a Compound Annual Growth Rate (CAGR) of 32.4% during the review period.

–  The global Automotive Fuel Cells market size is estimated to be worth USD 634.1 million in 2022 and is forecast to a readjusted size of USD 1348.4 million by 2028 with a CAGR of 13.4% during the review period.

–  Global LNG bunkering market size was valued at USD 0.38 Billion in 2019, and is projected to reach USD 5.14 Billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027.

–  In 2020, the global Liquefied Natural Gas (LNG) market size was USD 135420 Million and it is expected to reach USD 205280 Million by the end of 2027, with a CAGR of 5.7% during 2021-2027.

–  The global Small-Scale LNG market size is projected to reach USD 67 Million by 2027, from USD 48 Million in 2020, at a CAGR of 5.6% during 2021-2027.

–  The global thermal management market size is projected to reach USD 78300 Million by 2028 from USD 60120 Million in 2021 at a CAGR of 3.8% during 2022-2028.

–  The global Thermal Energy Storage (TES) market size is projected to reach USD 6019.7 Million by 2028, from USD 3817.1 Million in 2021, at a CAGR of 6.3% during 2022-2028.

–  Due to the COVID-19 pandemic, the global Hydrogen Fuel Cells market size is estimated to be worth USD 4526 Million in 2022 and is forecast to a readjusted size of USD 25510 Million by 2028 with a CAGR of 33.4% during the review period.

–  The global Oil and Gas Analytics market size is projected to reach USD 48130 Million by 2027, from USD 13220 Million in 2020, at a CAGR of 20.1% during 2021-2027.

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