Technological Advancements Propel Growth in the Fuel Ethanol Market, North America Leads in 2022
Dublin, Oct. 16, 2023 (GLOBE NEWSWIRE) — The “Fuel Ethanol Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The global fuel ethanol market is poised for significant expansion, with projected growth from $90.93 billion in 2022 to $96.63 billion in 2023, boasting a robust compound annual growth rate (CAGR) of 6.3%. This growth trajectory is expected to continue, culminating in a market valuation of $120.99 billion by 2027, sustained by a CAGR of 5.8%.
Major Players:
- BP Plc.
- Cargill Incorporated
- Archer Daniels Midland Company
- Pacific Ethanol Inc.
- DuPont de Nemours Inc.
- Valero Energy Corporation
- Raizen S.A.
- LyondellBasell Industries Holdings B.V.
- Mitsubishi Chemical Corporation
- Sasol Limited
- BlueFire Renewables
- Solvay SA
- Panda Energy International Inc.
- Advanced BioEnergy LLC
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Fuel Ethanol Overview:
Fuel ethanol, also known as ethyl alcohol, is an alcohol type derived from corn, sugarcane, grains, and occasionally paper waste. It is widely used as a fuel source, often blended with gasoline for improved oxygenation. Additionally, ethanol fuel powers automobiles.
