The global ethanol market accounted forover US $19.71 billion in 2019. It is anticipated to grow at a CAGR of 4.6% from2020 to 2030.
Ethanol, also known as ethyl alcohol or grain alcohol is a clear, colorless liquid used in varied real-life applications. Potential applications include personal care and cosmetics, beverages, solvents, fuel, and many other applications. The market is projected to grow during the forecast period owing to the growing demand for clean fuel that contribute to reducing carbon emissions. Ethanol is either produced naturally or through synthetic mode. It is naturally produced from corn grain, sugarcane, or from cellulosic feedstocks like woodchips or crop residues. For household applications, ethanol is used for varied cleaning applications.
On the other side, sanitizers have been playing a vital role in controlling the spread of this virus, resulting inthehigh demand for sanitizers across the globe. Moreover, government regulations to manufacture sanitizers with more than 70% of alcohol content are positively impacting the market growth of ethanol. Various government initiatives to promote bio-based fuels due to rising environmental concernsare further driving market growth. Additionally, the growing use of food-grade ethanol to manufacture concentrated flavors is supplementing this growth.
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The new report on Global ethanol Market presents all inclusive compilation of the historical, existing, and future trends to help business owners, strategy planners, marketing executives, and customers to plan effective strategies and gain prominent position in the near future. The report is also beneficial to the investors that will help them planning their future investments carefully and gain higher profits.
Top Key Players:
Some of the prominent players in the ethanol market include ADM, POET, LLC, Valero Energy Corporation, Flint Hills Resources, Cargill Incorporated, The Andersons, Inc., and BP p.l.c., among others.
COVID-19 Impact on the Global ethanol Market’:
The emergence of COVID-19 has created several disturbances in smooth functioning of businesses including production, delayed delivery of raw materials, reduced population in workspaces, supply chain interruptions, price fluctuations, and reduced demand from end users and customers. However, researchers have managed to study about the recent strategies during pandemic to avert huge losses and contribute stability of the Global Poultry Vaccines Market. The report also mentions about the futuristic strategies and planning of the business owners post pandemic.
North America accounted for the largest market share in 2019 owing to the extensive use of ethanol as a fuel. Also, the high consumption of alcoholic beverages in the region boostedthis growth. Currently, the ethanol market in North America has been facing various challenges due to the COVID-19 pandemic. However, the increasing demand for sanitizers is supplementing market growth. Asia Pacific is expected to grow with the highest CAGR during the forecast period. This growth can be attributed to the growing use of ethanol as a solvent to manufacture varnishes and perfumes.
Segmentation Based On:
GLOBAL ETHANOL MARKET BY TYPE
- Synthetic Ethanol
GLOBAL ETHANOL MARKET BY GRADE
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- Fuel Grade
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Table of Contents
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years– 2017& 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottom Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecasting Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
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