Pune, India, Sept. 20, 2022 (GLOBE NEWSWIRE) — The world ethanol market will derive its growth from the growing importance attached to the use of environmentally friendly products. According to a report by Fortune Business Insights, titled, “Ethanol Market Size, Industry Share, and Analysis, By Type (Synthetic Ethanol, Bioethanol), By Feedstock (Generation Feedstock (Grains and Starch Biomass), 2nd generation feedstock (lignocellulosic biomass), 3rd generation feedstock (algal biomass), 4th generation feedstock (industrial CO2 waste), petroleum-derived chemicals), by application (transportation, energy, chemicals, other) and Regional Forecast, 2022-2029,” the market will benefit from the recent advancements in the manufacturing of the product.
The list of players operating in the ethanol market is as follows:
- Pacific Ethanol, Inc.
- Cremer Oleo GmbH & Co. KG
- AGRANA Group
- Archer Daniels Midland Company
- Raizen Energia AG
- Nordzucker AG
- Abengoa Bioenergia
- Petrobras Biocombustiveis
- Tereos, Bellows Group
- Attis Biofuels
- In addition
- Green Future Innovations Inc.
- Bioethanol Japan Kansai Co Ltd.
- DONG Energy.
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Ethanol is used as a solvent for the manufacture of many materials, including varnishes and perfumes. The ease of availability of the material has allowed applications in various industries. Ethanol can be produced by various methods and is identified as an environmentally friendly fuel. The product has enormous potential due to its “sustainable” nature. Global concerns surrounding global warming and increasing environmental pollution will contribute to the growing demand for ethanol around the world. Ethanol is mainly derived from crops such as sugar, wheat and corn. The growing demand for ethanol given the exceptional properties of the product will have a direct impact on the growth of the market in the coming years.
The report provides an in-depth analysis of the global ethanol market. It highlights the latest product launches and labels major market innovations. In addition to this, it indicates the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made regarding the leading companies and products in the coming years. Forecast values have been provided for the market for the period 2019-2026. Factual figures were obtained from reliable sources. Moreover, these predictions are made based on extensive research analysis methods, coupled with the opinions of experienced market research professionals.
The report is based on extensive research on the market and its growth parameters including drivers, restraints, challenges, and opportunities in the market. It also includes the segmentation chart, along with a list of market dominating segments and their attributed factors. The report highlights significant industry developments, current Asset Integrity Management market trends, and other interesting insights offered by the market. For more market information, log on to the company’s website.
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Increase in efforts for production and maximization of ethanol will provide impetus for market growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Growing efforts to maximize the use of ethanol in various industrial applications will unlock huge potential for market growth. In February 2019, Albioma announced the industrial commissioning of the first state-of-the-art combustion turbine. The company said its system will run primarily on 80% bioethanol and 20% diesel. This system will meet the growing need for a sustainable alternative fuel. This system will not only have a positive impact on the growth of the regional market, but will have a positive impact on the growth of the global market.
The United States is the largest producer of ethanol; The North America market will emerge in the lead
The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Among these regions, the North America market is likely to emerge as the leading region. The United States is currently the largest producer of ethanol. The reason for the growth of the market in this region is the ease of availability of raw materials needed for production and ethanol throughout this region. Apart from North America, the South America market will witness considerable growth in the coming years, driven by the presence of several large-scale ethanol producers in this region.
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In February 2019: Albioma announces the industrial commissioning of the first state-of-the-art combustion turbine (CT) operating mainly on bioethanol in Saint-Pierre, Reunion Island. The CT runs on two types of fuel: bioethanol (80%) from the distillation of sugar cane molasses, produced locally at the Rivière du Mât distillery, and diesel (20%), needed to start the turbine .
August 2019: The state government of Maharashtra has sought permission from the Indian central government for the conversion of sugar stock into ethanol through sugar factories.
Ethanol Market Segmentation:
- Synthetic ethanol
By raw material:
- 1st generation raw materials (grains and starchy biomass)
- 2nd generation raw material (lignocellulosic biomass)
- 3rd generation raw material (algal biomass)
- 4th generation raw materials (CO2 industrial waste)
- Petroleum-derived chemicals
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1.1. Search scope
1.2. Market segmentation
1.3. Research Methodology
1.4. Definitions and assumptions
2. Executive Summary
3. Market dynamics
3.1. Market factors
3.2. Market constraints
3.3. Market opportunities
4. Key information
4.1 Mergers, acquisitions and partnerships
4.2 Porter’s Five Forces Analysis
4.3 SWOT analysis
4.4 Technological developments
4.5 Impact of COVID-19
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