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Global Ethanol Market Size Growth 2023 Forecast Research Report 2018

Ethanol Market

Industry Outlook and Trend Analysis

The Ethanol Market was worth USD 56.44 billion in 2014 and is expected to reach approximately USD 100.92 billion by 2023, while registering itself at a compound annual growth rate CAGR of 6.67% during the forecast period.Ethanol is a compound which is fabricated by the fermentation of different natural materials, for example, wood, barley, wheat, corn and sugarcane. Corn and starch based crops are the most widely recognized materials used in the production of ethanol.

This compound is miscible with water and the vast majority of the organic solvent. Ethanol is an essential component of different industries and used as a dissolvable for several substances. It is due to extensive variety of applications, for example, paints, perfumes, explosive, and lacquer, that, ethanol market is foreseen to develop at an extremely significant rate in coming years. It additionally discovers its applications in drinks, for example, beer and wine, and is picking up prominence as a substitute to gasoline fuel.

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Drivers and Restraints 

Ethanol is an imperative element for automobiles industry attributable to its use as fuel and fuel additive in vehicles. With developing populace, increasing demand for automobiles, growing discretionary income, eco-friendly nature, low cost in comparison with the customary fuel and a few advantages offered by ethanol, the interest for worldwide ethanol market is anticipated to demonstrate huge development amid the figure time frame and particularly in the automotive industry. Developing demand for premium quality alcohol, changing way of life, expanding extra cash, changing taste and inclinations of individuals are the main boosting factors of the ethanol market in alcoholic beverages industry.

Market Segmentation

The Ethanol Market is segmented on the basis of end user, production method and application. Based on end user the market is segmented into Automotive Fuel, Alcoholic Beverages, Pharmaceuticals and Others. Based on application the market is segmented into Pesticides, Industrial solvent, Fertilizers and Personal Care. Based on production method the market is segmented into Production from biomass waste, Production from ethene using steam and Personal by fermentation.

Regional Outlook and Trend Analysis

High increase in demand for ethanol is normal in Asia Pacific district because of the expanding transportation segment of world’s two most crowded nations in Asia Pacific that are China and India. In South America, Brazil is the biggest market and driving worldwide exporter of ethanol because of the settled sugar enterprises, a lot of work power and low generation cost in this nation.

Competitive Insights 

The leading players in the market are Aventine Renewable Energy, Pernod Ricard, Advanced BioEnergy LLC, Archer Daniels Midland, Diageo, United Breweries Group, VeraSun Renewable Energy, Alternative energy, The Andersons Inc, BP, SunOpta and Kirin. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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The Ethanol Market is segmented into 

By End User:

Automotive Fuel
Alcoholic Beverages
Pharmaceuticals
Others

By Application:

Pesticides
Industrial solvent
Fertilizers
Personal Care

By Production Method:

Production from biomass waste
Production from ethene using steam
Personal by fermentation

By Region:

North America

U.S.
Canada
Mexico

Europe

Germany
UK
France
Russia
Italy
Rest of Europe

Asia-Pacific

China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific

South America

Brazil
Argentina
Columbia
South Africa
Rest of South America

Middle East and Africa

Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA

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