Ethanol Market Set for Revenue Surge, Anticipated Expansion and Future Growth Opportunities
The Global Ethanol Market is projected to grow from USD 93.78 billion in 2024 to USD 130.33 billion by 2032, at a CAGR of 4.2%. Vantage Market Research highlights key trends, growth drivers, and challenges for stakeholders in the ethanol industry. With a focus on applications like fuel additives and personal care, the market’s expansion is driven by increasing demand for renewable energy and sustainability efforts. Key players include United Breweries, AB Miller, and Archer Daniels Midland Company.
The Global Ethanol Market was valued at USD 93.78 Billion in 2024, and is anticipated to reach USD 130.33 Billion by 2032, exhibiting a CAGR of 4.2% during the forecast period 2024 to 2032.
The latest study released on the Ethanol Market by Vantage Market Research evaluates market size, trend, and forecast to 2032. The Ethanol Market analysis covers significant research data and proofs to be a handy resource document for managers, analysts, industry specialists, and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and future challenges and about the competitors. This Ethanol is An Ever-Increasing industry that has seen tremendous growth in the forecast period. The post category sector is one of the most competitive and profitable sectors in the world. Also, this report is necessary for stakeholders and market players to stay up-to-date on the latest developments.
Market Evolution
This section presents an analysis of the position of the product or services in the market based on market development and competitive position. This report provides an overview of the stages of product growth in the Ethanol Market in terms of early (historical) phase, middle phase, and upcoming innovation and technologies.
Key Players in This Ethanol Market Report Include:
• United Breweries
• Aventine Renewable Energy
• AB Miller
• Archer Daniels Midland Company
• Kirin
• Pure Energy Inc.
• British Petroleum
• Cargill Corp.
• Flint Hill Resources LP
• Braskem
According to Vantage Market Research, The Ethanol Market is expected to witness incredible growth during the forecast period of 2024 to 2032. The market is segmented by Application, by Type, and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Ethanol report spotlights information regarding the current and upcoming industry trends, and growth patterns, as well as provides business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Segments Covered
By Source
• Sugar & Molasses Based
• Grain Based
• Second Generation
By Purity
• Denatured
• Undenatured
By Application
• Industrial Solvents
• Fuel & Fuel Additives
• Beverages
• Disinfectant
• Personal Care
• Others
Geographically, the Detailed Analysis of Consumption, Revenue, Market Share, and Growth Rate of the Following Regions:
● North America (the United States, Canada, and Mexico)
● Europe (Germany, France, UK, Russia, and Italy)
● Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
● South America (Brazil, Argentina, Colombia, etc.)
● The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Recent Developments
• May 2023: British Petroleum, a leading ethyl alcohol producer, plans to buy stakes in biofuel feedstock producers and invest directly in farming ventures to secure supplies as the global race for the low-carbon fuel speeds up. The company claimed to increase biofuel output three-fold by 2030 to 100,000 bpd, or roughly 4.5 million tons per year.
• March 2023: Wilmar Group company Shree Renuka Sugars Ltd. announced its plan to increase the production of ethanol by 25% next year as part of its initiative towards green energy.
• August 2020: Pacific Ethanol expanded its production of ethanol for the hand sanitizer market. The company will produce 25 million gallons of hand sanitizer per year at its Pekin, Illinois plant. Hence, this development will help the company to expand its product portfolio.
• June 2019: Attis Industries completed the acquisition of a 100 million gallons per year grain malting facility and corn ethyl alcohol plant in Fulton, New York, from Sunoco, worth USD 20 million in cash. With this development, the company will create its site into a Green Tech campus.
Objectives of the Report
● To carefully analyze and forecast the size of the Ethanol Market by value and volume.
● To estimate the market shares of major segments of this market.
● To showcase the development of the Ethanol in different parts of the world.
● To analyze and study micro-markets in terms of their contributions to the Ethanol Market, their prospects, and individual growth trends.
● To offer precise and useful details about factors affecting the growth of this market.
● To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Ethanol Market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
To read more about Ethanol Industry News, continue reading Agriinsite.com
Source Link : https://www.openpr.com/news/3649617/ethanol-market-set-for-revenue-surge-anticipated-expansion
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