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Fuel Ethanol Market (Product - Starch-based, Sugar-based, and Cellulosic; Application - Conventional Fuel Vehicles, Flexible Fuel Vehicles, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : July, 2021

  • Rep Id : EIM0089

  • Category : Energy, Mining and Infrastructure

  • Status : Published

A recent report published by Infinium Global Research on the fuel ethanol market provides an in-depth analysis of segments and sub-segments in the global as well as regional fuel ethanol market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fuel ethanol market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global fuel ethanol market. According to the report, the global fuel ethanol market is projected to grow at a CAGR of 5.8% over the forecast period of 2021-2027.

 

Market Insight

Ethanol is a renewable fuel made from different plant materials communally identified as biomass. It has a higher octane number than gasoline, providing the finest blending properties. Ethanol’s impact on fuel economy is reliant on the ethanol quantity in the fuel and whether an engine is optimized to run on gasoline or ethanol. Ethanol is the most widely used biofuel, with significantly greater consumption than biodiesel, thanks largely to the concentration of demand in gasoline-heavy markets.

 

Fuel Ethanol market size is expected to reach approximately USD 180 billion in 2027, with a CAGR of 5.8% during the forecast period. Rising demand from the automotive industry for ethanol due to improvement in vehicle performance and reduction of pollution is the prime factor driving the growth of the fuel ethanol market worldwide. Fuel Ethanol releases fewer emissions into the environment and is measured cleaner in nature. The environmental-related concerns are rising among the population across the world which creates the demand for fuel ethanol worldwide. The fuel produced from the crops is not only used for the transportation purpose but it also used in power generation, chemical manufacturing, cogeneration systems, cosmetics industries, and others as they are available easily and provide clean-burning which is driving the growth of fuel ethanol market. However, the growing adoption of hybrid and electric vehicles can hinder the growth of the market. Moreover, recent advancements of cellulose ethanol and rising government initiatives for the usage of ethanol fuel over conventional fuel are expected to provide more opportunities to the global ethanol market over the forecast period. During the pandemic period, fuel demand is dropping as more drivers stay home in response to COVID-19. The pandemic negatively impacts world fuel markets. The pandemic had a major negative impact on U.S. ethanol, gasoline, and oil prices and production. With reduced demand, the price of ethanol took a substantial hit during the pandemic, reduced by as much as 30 cents per gallon in March and April 2020 and 22% per gallon in November.

 

Geographically, North America accounts for a major share of the global fuel ethanol market and Asia-Pacific is growing with the highest CAGR. The largest market share North America in terms of both consumption as well as production due to strict government rules & regulations to use ethanol fuel in primary markets in North America such as the U.S and Canada. The Asia Pacific ethanol market and is anticipated to grow at the highest CAGR rate due to the rising automotive sector in densely populated countries such as China and India. Moreover, the factors such as the presence of major agriculture countries such as India & China and the favorable conditions for the production of corn, wheat crops, sawdust, sawdust, cord grasses, and others are driving the market of fuel ethanol in the Asia-Pacific region. Moreover, the Latin America market is also expected to grow at a significant rate owing to the high demand for ethanol in Brazil which is a major exporter of ethanol in the region.

 

Fuel Ethanol Market


Segment Covered

The report on the global fuel ethanol market covers segments such as product, and application. On the basis of product, the sub-markets include starch-based, sugar-based, and cellulosic. On the basis of application, the sub-markets include conventional fuel vehicles, flexible fuel vehicles, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Valero Energy Corporation, Raízen S.A., Green Plains Renewable, Inc., E.I. du Pont de Nemours and Company, Wilmar International Ltd., Cargill, Inc., BlueFire Renewables, Inc., Pacific Ethanol, Inc., Flint Hills Resources LP, and Jilin Fuel Ethanol Co., Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the fuel ethanol market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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