Global Fuel Ethanol Market Overview:
Fuel ethanol is ethyl alcohol, which is the same type of alcohol found in alcoholic beverages and it is used as a fuel. Ethanol is mostly used as a motor fuel mainly as a biofuel additive for gasoline. Ethanol is clear, colorless liquid which has an agreeable odor. It is made by fermentation of sugars. In the production of ethanol sugarcane, sweet sorghum and sugar beet are used for the production of ethanol as sugar-containing feedstock. It is used as a fuel for internal combustion engines either alone or in the combination with other fuels.
As per latest study released by AMA Research, the Global Fuel Ethanol market is expected to see growth rate of 11.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasingly Used As an Oxygenate Additive for Standard Petrol
Market Growth Drivers:
Possible Environmental and Long Term Economical Advantages over Fossil Fuel and Provides High Quality and High Octane for Exceptional Engine Performance and Reduced Emissions
Challenges:
Require Large Piece of Land for the Production of Ethanol and Pure Ethanol Has High Affinity for Water and Hard To Vaporize
Restraints:
Availability of Alternatives Such As Potable Alcohol and Distillation Process Is Not Good For Environment
Opportunities:
Adoption of Ethanol as a Fuel by Emerging Countries and Opens Up Untapped Agricultural Sector
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are Panda Energy International (United States), Archer Daniels Midland Company (United States), Raízen S.A (Brazil), Pacific Ethanol, Inc. (United States), BP plc (United Kingdom), Flint Hills Resources LP (United States), DuPont (United States), Cargill, Inc. (United States), Valero Energy Corporation (United States) and Mascoma Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Advanced BioEnergy, LLC (United States), BlueFire Renewables Company (United States), Cargill Corporation (United States) and Archer Daniels Midland Company (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Fuel Ethanol market by 2030. Considering Market by Raw Material, the sub-segment i.e. Crops {Fuel Crops (Algae), Corn and Sugar Crops} will boost the Fuel Ethanol market. Considering Market by Production Process, the sub-segment i.e. Fermentation will boost the Fuel Ethanol market.
Latest Market Insights:
On February 6, 2023, Archer Daniels Midland (ADM) and Poet Ethanol announce a definitive agreement to merge their corn dry-milling and ethanol production businesses into a joint venture. This deal creates the largest ethanol producer in the United States.
In March 2023, Coskata launched its next-generation E3 technology platform, claiming a 50% reduction in greenhouse gas emissions compared to traditional corn-based ethanol. This innovation aims to improve the sustainability profile of biofuels.
What Can be Explored with the Fuel Ethanol Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fuel Ethanol Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fuel Ethanol
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fuel Ethanol market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fuel Ethanol market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fuel Ethanol Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.