$117.5 Billion Global Ethanol Market with Rising CAGR at 4.5% by 2028 | Increasing Consumption of Alcoholic Beverages is Driving the Market | Ethanol Industry Size, Trend, In-depth Outlook, Analysis Forecast Report 2022-2028 | Vantage Market Research
/EIN News/ -- WASHINGTON, June 17, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Ethanol Market finds that rise in utilization of alcoholic beverages, high authority regulations towards the production of bio Ethanol Market, increasing awareness about reducing carbon footprint and high usage of alternative fuels are some factors that influence the growth of the Ethanol Market in recent years. However, lack of high-end technologies for Ethanol Market production is major impedance in the growth of the Ethanol Market.
The Global Market revenue stood at a value USD 90.3 Billion in the year 2021.
The Global Ethanol Market size is forecasted to reach USD 117.5 Billion by the year 2028 and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period; states Vantage Market Research, in a report, titled “Ethanol Market Size, Share & Trends Analysis Report by Source (Sugar & Molasses Based, Grain Based, Second Generation), by Purity (Denatured, Undenatured), by Application (Industrial Solvents, Fuel & Fuel Additives, Beverages, Disinfectant), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Market Dynamics:
Driver:
Increasing Use of Ethanol Market as a Biofuel
The increasing use of Ethanol Market as a fuel is anticipated to augment the growth of the Ethanol Market during the forecast period. Over the past few years, the automotive industry has grown significantly owing to advancements in designing high-efficiency and compact motors. But it has faced many problems with regards to air pollution control. The blending of Ethanol Market with gasoline, up to 10% and 20% in concentrations, tackles the problem of rising automotive air pollution. Apart from reducing air pollution, the addition of Ethanol Market also improves fuel economy, increases thermal efficiency and helps in cold starting during the winter season. The automotive industry also uses bio-Ethanol Market as an octane enhancer for reducing engine knocking. Bio-Ethanol Market is considered as a green fuel that is biodegradable in nature. Furthermore, the increasing consumption of biofuels like bio-Ethanol Market in the aviation industry is also likely to create opportunities for the market in the coming years. Thus, increasing use of Ethanol Market as a biofuel in many applications is expected to fuel the growth of the Ethanol Market in the years to come.
Increasing Consumption of Alcoholic Beverages
Alcoholic beverages containing Ethanol Market, which were once considered a luxury item, are now gradually becoming a need in the majority of households around the world. The introduction of high-end products to the market is a primary driver of growth. The desire for premium offerings has been spurred by greater disposable income and increased awareness about substances. Premium alcoholic beverage sales increased at a pace of 5 to 6% in 2019. However, the rising awareness about these adverse effects of alcohol consumption is expected to hinder the growth of the market. Furthermore, Ethanol Market production requires high-end technology and the unavailability of these high-end technologies for the production of Ethanol Market in the developing economies is also likely to restraint the market growth in near future. Moreover, the increasing demand from pharmaceuticals and other industries is expected to create immense opportunities for the growth of the market in the near future.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Ethanol market is predicted to grow at a CAGR of roughly 4.5% during the forecast period.
- The Ethanol market was estimated to be worth roughly USD 90.3 Billion in 2021 and is expected to reach USD 117.5 Billion by 2028; based on primary research.
- On the basis of region, North America is projected to dominate the worldwide Ethanol market.
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Segmentation of the Global Ethanol Market:
- Source
- Sugar & Molasses Based
- Grain Based
- Second Generation
- Purity
- Denatured
- Undenatured
- Application
- Industrial Solvents
- Fuel & Fuel Additives
- Beverages
- Disinfectant
- Personal Care
- Others
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/ethanol-market-1659
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the chemicals industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The Report on Ethanol Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Asia Pacific to Witness Fastest Growth in the Global Ethanol Market
Asia Pacific is expected to grow at the fastest CAGR during the forecast period. This is attributable to the increase in fuel consumption along with increased industrial activities in the region. Furthermore, the rising automotive industry is also likely to support the regional growth of the market in near future. Additionally, the presence of diverse industries and steadily growing economies is also anticipated to positively impact the growth of the market in the region.
Browse market data Tables and Figures spread through 149 Pages and in-depth TOC on "Ethanol Market Size, Share & Trends Analysis Report by Source (Sugar & Molasses Based, Grain Based, Second Generation), by Purity (Denatured, Undenatured), by Application (Industrial Solvents, Fuel & Fuel Additives, Beverages, Disinfectant), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/ethanol-market-912629
List of Prominent Players in the Ethanol Market:
- United Breweries
- Aventine Renewable Energy
- AB Miller
- Archer Daniels Midland Company
- Kirin
- Pure Energy Inc.
- British Petroleum
- Cargill Corp.
Recent Developments:
February 2019: Albioma announced the industrial commissioning of the first peak-load combustion turbine operating primarily on bio Ethanol Market in Saint Pierre, Reunion Island.
August 2019: Maharashtra state government has asked permission from the central government to allow sugar factories in Maharashtra to convert the sugar stock in Ethanol Market.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Ethanol Market?
- How will the Ethanol Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Ethanol Market?
- What is the Ethanol market drivers and restrictions?
- What will be the CAGR and size of the Ethanol Market throughout the forecast period?
This market titled “Ethanol Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered | • Source ° Sugar & Molasses Based ° Grain Based ° Second Generation • Purity ° Denatured ° Undenatured • Application ° Industrial Solvents ° Fuel & Fuel Additives ° Beverages ° Disinfectant ° Personal Care ° Others • Region ° North America ° Europe ° Asia Pacific ° Latin America ° Middle East & Africa |
| Region & Counties Covered | • North America ° U.S. ° Canada ° Mexico • Europe ° U.K ° France ° Germany ° Italy ° Spain ° Rest Of Europe • Asia Pacific ° China ° Japan ° India ° South Korea ° South East Asia ° Rest Of Asia Pacific • Latin America ° Brazil ° Argentina ° Rest Of Latin America • Middle East & Africa ° GCC Countries ° South Africa ° Rest Of Middle East & Africa |
| Companies Covered | • United Breweries • Aventine Renewable Energy • AB Miller • Archer Daniels Midland Company • Kirin • Pure Energy Inc. • British Petroleum • Cargill Corp. |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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