Fuel Ethanol Global Market 2023 – Size, Trends, Drivers, Growth And Outlook 2032 | BP Plc., Cargill Incorporated, Pacific Ethanol Inc., Valero Energy Corporation, Raízen S.A.
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per the fuel ethanol market report by The Business Research Company, the rising consumption of ethanol in the automobile industry will propel the growth of the fuel ethanol market going forward. Automobiles, also known as motorcars or cars, are typically four-wheeled vehicles that are primarily used for transporting people.
The global fuel ethanol market is expected to grow from $90.93 billion in 2022 to $96.63 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fuel ethanol market is expected to grow to $120.99 billion in 2027 at a CAGR of 5.8%.
Major competitors in the Fuel Ethanol market include BP Plc., Cargill Incorporated, Archer Daniels Midland Company, Pacific Ethanol Inc., DuPont de Nemours Inc., Valero Energy Corporation, Raízen S.A., LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Sasol Limited, BlueFire Renewables, Solvay SA, Panda Energy International Inc., and Advanced BioEnergy LLC. n, ADM, Colorcon Inc., Freudenberg Chemical Specialities SE & Co. KG, Macphie Ltd., and Puratos.
The Fuel Ethanol market is segmented –
By Product: Starch Based, Sugar Based, Cellulosic
By Source: Synthetic, Natural
By Raw Material: Maize, Wheat, Industrial Beets, Sugarcane, Cereal and Starch, Other Raw Materials
By Application: Conventional Vehicles, Flexible Fuel Vehicles
By End-User: Automotive, Oil and Gas, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fuel Ethanol market.
Fuel ethanol, also referred to as ethyl alcohol, is a type of alcohol made from corn, sugarcane, grains, and occasionally paper waste. It is also the primary form of alcohol in most alcoholic drinks made from the fermentation of a mash of grains or sugarcane. Fuel ethanol is a fuel source that is regularly combined with gasoline to oxygenate the fuel at the gas station. Additionally, ethanol fuel is used to power automobiles.
The “Global Fuel Ethanol Market Report 2023” from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market’s historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
