Global Ethanol Market: Advancement in Production Technologies to boost Market

Albany, New York, Nov. 22, 2018 (GLOBE NEWSWIRE) -- The vendor landscape of the global ethanol market is characterized by the presence of several large-scale and well-established international companies operating amid intense competition, observes Transparency Market Research in a recent report. To gain sustainable returns in the market, vendors are seen increasing their focus on new application areas across lucrative end-use industries such as alcoholic beverages and automobile. Companies are also focusing on bringing improvements in production technologies to bring down operational costs and improve the quality and productivity of their processes.

Some of the leading companies in the market are The Andersons, Inc., Solvay Group, Green Plains, Inc., and Valero Energy Corporation, as Flint Hill Resources, LP, Archer-Daniels-Midland Company, POET, LLC, Mitsubishi Chemical Corporation, Cargill, and Pacific Ethanol, Inc.

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According to the report, the global ethanol market will exhibit a 7.9% CAGR from 2017 to 2022, rising from a valuation of US$71.8 bn in 2017 to an opportunity of US$105.0 bn by 2022. Based on the type of feedstock used for manufacturing ethanol, the segment of grain-based ethanol is likely to emerge as the most promising one over the forecast period, registering a CAGR of 8.0%. From a geographical standpoint, the market in North America is likely to lead in terms of revenue contribution as well as growth opportunities over the report’s forecast period.

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Increased Global Demand for Cleaner Automotive Fuel to Work well for Market

The global ethanol market is chiefly driven by the vast rise in demand for a clean-burning fuel from the automotive sector. As emission regulations become stricter across the globe and automakers focus on ways of bringing down the carbon footprint of the automotive industry and promote the use of alternative and cleaner fuels, the demand for ethanol is also expected to rise. This will be compounded by the vast rise in consumption of passenger vehicles in industrializing and emerging economies as rising disposable incomes are allowing consumers to spend on things that were reckoned as luxury.

The market has also positively gained from the rising numbers of gasoline stations in developed as well as developing economies, allowing easy access to blended ethanol for use as the primary fuel in vehicles. The global ethanol market is also driven by the rising number of bio-refineries in developed economies and the increased consumption of alcoholic beverages in emerging ones across regions such as Asia Pacific. The market is also driven due to the increased demand across miscellaneous applications in perfumes, explosives, and paints.

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High Cost of Transportation could Hinder Market Growth

Despite mostly promising growth opportunities, the market could be hindered by the high cost of transportation of ethanol owing to the chemical’s flammable nature. Besides, the market also suffers a setback in several developed economies with unfavorable regulatory landscape regarding the use of the chemical in a number of applications. Nevertheless, the increased popularity of ethanol as a biofuel and increased awareness among consumers regarding the need to switch to cleaner fuels to support a low-carbon future will likely to support growth of market gain pace.

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This analysis of the global ethanol market is based on a recent market research report by Transparency Market Research, titled “Ethanol Market (Feedstock - Coarse grain-based, Sugarcane-based, and Wheat-based; End Use - Fuel, Industrial Solvents, Beverages, and Cosmetics) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022.”

For the study, the market has been segmented as follows:

The global ethanol market is segmented based on:

• Feedstock Type
  • Coarse-grain Based Ethanol
  • Sugarcane Based Ethanol
  • Wheat-based Ethanol                                             
• End Use
  • Fuel
  • Industrial Solvents
  • Beverages
  • Cosmetics
• Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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