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.
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.
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.
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.
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.
Please Choose One of them.