Published on : Nov 03, 2017
Albany, New York, November 3, 2017: The global ethanol market is likely to grow at a steady pace during the forecast period, owing to growing applications of ethanol in various end-use industries. Growing sales of premium-alcohol and use of ethanol as a fuel additive is likely to offer growth opportunities to ethanol manufacturers during the forecast period. These insights are according to a recent report added to the repository of Market Research Hub (MRH). The report titled “Ethanol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” offers comprehensive analysis and insights on the global ethanol market during the forecast period.
The report projects the global ethanol market will likely grow at a CAGR of nearly 8% during the forecast period 2017-2022 and surpass US$ 70 billion in revenues. The automotive industry is looking at alternative fuels and additives, and use of ethanol is growing at a steady rate. In addition to this, the demand for ethanol is also likely to be supported by growing focus among the industry on developing alternative fuels.
On the basis of feedstock, the market is segmented into coarse grain-based, wheat-based, and sugarcane-based. Among these, preference for coarse grain-based ethanol is likely to remain dominant throughout the forecast period. According to the report, end-users are showing a marked preference for coarse grain-based ethanol, and the trend is likely to continue throughout the forecast period.
North America is likely to be one of the most attractive markets for ethanol globally. The North America ethanol market is likely to grow at a steady pace during the forecast period. Europe and APEJ are the other key markets for ethanol globally. However, demand for ethanol in Japan is likely to witness sluggishness during the forecast period.
The report offers region-wise analysis to give readers comprehensive insights on how demand for ethanol is shaping in different regions. The region-wise analysis helps readers in understanding the lucrativeness and sluggishness in key markets. Region-wise analysis also helps the readers in understanding the dynamics and the subtle factors that are likely to impact the market during the forecast period.
According to the report, the leading players in the market include Green Plains, Mitsubishi Chemical Corporation, Pacific Ethanol, Inc., Archer-Daniels-Midland Company, Solvay Group, The Andersons, Cargill, Incorporated, IncInc., Valero Energy Corporation, POET, LLC, and Flint Hill Resources LP. These players are focusing on consolidating their position in the market through research and development, and also through investments in niche companies.
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