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Global Ethanol Market Analysis 2023: Players Include POET … – Business Wire

DUBLIN–()–The “Global Ethanol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share 2015-2032” report has been added to ResearchAndMarkets.com’s offering.

The global Ethanol market has reached around 100 million tonnes in 2021 and is expected to grow at a CAGR of 4.75% during the forecast period until 2032. Bharat Petroleum Corporation Limited (BPCL), one of the leading refineries of India, has announced with other oil marketing corporations, to build ethanol plants with an annual capacity of about 757 crore litres in ethanol deficiency states.
Ethanol, also known as ethyl alcohol, is alcohol in common words. It has the chemical formula of C2H5OH. On an industrial level, Ethanol is produced by fermentation of molasses. This transparent liquid, Ethanol has a distinct flavor with a nice aroma. It is highly flammable in nature. Ethanol combines easily with water and a variety of organic liquids and is used to dissolve other chemical compounds.
Ethanol is used as a solvent for the production of a wide range of chemicals including ethyl esters, ethyl halides, acetic acid, diethyl ether, ethyl amines. Ethanol is most commonly used solvent in chemical industries. It is employed in production of a wide range of products such as drugs, lacquer, polishes, paints, plastics, plasticizers, cosmetics, alcoholic beverages, and more. Owning up to its antibacterial properties, Ethanol is used vastly in antiseptics, sanitizers, and anti-fungal solutions.
The growth of Ethanol market is expected to increase due to its application in multiple industries on a global level. The demand from Fuel and additive Industry is dominating the Ethanol market due to its flammability properties and clean burning as a fuel. The demand of Ethanol as a solvent for the production of a wide range of chemicals is anticipated to swell the demand of Ethanol in the forecast period. In the upcoming years, the demand for ethanol will further increase even more due to rising health awareness among the population and growing demand for disinfectants. Ethanol consumption is expected to reach around 162 million tonnes by 2035.
The dominating region that demands the most significant volume is North America, consuming more than 50% of the overall demand from the globe. Owing to the due to increased industrial activity and rising gas consumption coupled with need of industrial solvents, the demand of Ethanol in North America is anticipated to rise in the forecast period.
Europe is the second largest consumer of Ethanol in the present times. In terms of product consumption, Brazil dominates the South American market. It was among the first nations to experiment with ethanol’s combination with gasoline. Currently, North America is the largest producer of Ethanol with USA and Canada as the leading nations.
The Ethanol market is segmented into sectors based on the end usage such as Fuel and its additives, Food & Beverages, Chemicals, Cosmetics & Personal Care Products, and Others. However, the Fuel and Fuel Additive industry is the biggest end-user market of Ethanol, holding a share of approximately 42% of the market share.
Since ethanol has a greater octane rating than gasoline, it offers superior blending qualities. Adding ethanol to gasoline results in the enhancement of thermal efficiency, betterment of fuel economy, and aids in starting vehicle in low temperatures. There is a heavy usage of Ethanol in the Chemical industry due to its excellent solvability properties.
Significant companies for Global Ethanol are POET Biorefining, Archer Daniels Midland, Valero Energy, Green Plains LLC, Sao Martinho, SDIC Bio Co., Ltd., Flint Hills Resources LP, Atvos, COFCO Biochemical, The Andersons, Inc., Marquis Energy LLC, and Others.
Years considered for this report:
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In this report, Global Ethanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
For more information about this report visit https://www.researchandmarkets.com/r/yksfk4
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Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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