The increased need for environmentally friendly chemicals to lower carbon footprint is expected to drive the Global Ethanol Market at CAGR of 4.9% in forecast period: ChemView Consulting

Global Ethanol Market is estimated to witness a growth rate of 4.9% over the forecast period due to Ethanol used extensively as a biofuel which reduces the release of GHG in the atmosphere – according to ChemView Consulting’s Analyst.

According to a research survey conducted by ChemView Consulting, in 2022, the worldwide Ethanol Market was worth US$ 103.0 Bn and is expected to grow at a CAGR of 4.9% over the forecast period. The market is expected to hit US$ 151.0 Bn by 2030 end.

The discussion over climate change is increasing interest in renewable fuels. Governments worldwide are looking for measures to reduce household, industry, and transportation emissions.

Global Ethanol Market 2017-2030: Report Key Highlights:

  • Detailed information on factors that will assist Global Ethanol Market growth during the next eight years
  • Assessment of the historical and current Global Ethanol Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • The growth of the Global Cosmetic Ingredients across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

For More Details Visit Our Report Page:

Key Takeaways

By Product Type: Bioethanol is a less expensive and environmentally friendly alternative to gasoline or petroleum-fueled vehicles. A little amount of bioethanol is blended with pure gasoline to create bioethanol blends, which burn more effectively and emit no carbon dioxide.

By Region: Because of the region’s large-scale production and demand for Ethanol, North America is expected to be the largest ethanol market from 2020 to 2030. North America registered a market share of 43.5% in 2019.

By Application: One of the primary market drivers is Ethanol as a biofuel, with a market share of 44.0% in 2019. The automotive industry has expanded quickly in recent years, posing numerous challenges regarding air pollution control.

Competition Summary: The market is intensely competitive, with important competitors focusing more on gaining a competitive advantage. The leading players in the Renewable Chemicals Market are concentrating on R&D to develop breakthrough technology solutions.

Key companies covered in the market study: Archer Daniels Midland Company, Aventine Renewable Energy, United Breweries, Krin, The Andersons Inc., British Petroleum, Advanced Bioenergy LLC, Stake Technology, VeraSun Renewable Energy, Alternative Energy Sources, Diago, and Cargill Corporation are major Global Ethanol Market players.

Segments Covered in Report

By Product Type:

  • Synthetic Ethanol
  • Bioethanol

By Feedstock:

  • Sugarcane
  • Corn
  • Wheat
  • Barley
  • Sugarcane
  • Corn
  • Wheat
  • Barley

By Application:

  • Automobiles and transportation
  • Medicines
  • Food and Beverages
  • Fuel cells
  • Cosmetics
  • Fertilizers
  • Pesticides

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

About ChemView Consulting’s Chemicals & Materials Domain

ChemView Consulting’s chemicals & materials domain provides unique, reliable, and in-depth analysis of the chemicals and materials business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes bulk, fine, specialty, petrochemicals, innovative materials, composites, and nanotechnology, focusing on “green alternatives,” recycling, and renewable technology advances. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for chemical manufacturers, research institutes, channel partners, and government agencies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide chemicals & materials, oil & gas, and alternate energy clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
  • In-house primary research team
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