Ethanol Market presents all inclusive compilation of the historical, existing, and future trends to help business owners, strategy planners, marketing executives, and customers to plan effective strategies and gain prominent position in the near future.
New York, NY -- (SBWIRE) -- 10/21/2020 -- Market Industry Reports (MIR) has published a new report titled "Ethanol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030." According to the report, the global ethanol market accounted forover US $19.71 billion in 2019. It is anticipated to grow at a CAGR of 4.6% from2020 to 2030.
The COVID-19 pandemic is a crisis,which presently has no therapeutic solution such as vaccines or drugs. Hence, countries & governments are taking serious decisions, including locking down the country for months or beyond, to control the spread of the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2). As a result, there is a hugedrop in the demand for gasoline due to the unavailability of transportation. For instance, according to the Renewable Fuels Association (RFA),in the U.S., the sale of ethanol fell by approximately US$ 10 billion due to the COVID-19 pandemic. Additionally, more than 70 ethanol production facilities have been fully dysfunctional.
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Some of the prominent players in the ethanol market include ADM, POET, LLC, Valero Energy Corporation, Flint Hills Resources, Cargill Incorporated, The Andersons, Inc., and BP p.l.c., among others.
On the other side, sanitizers have been playing a vital role in controlling the spread of this virus, resulting inthehigh demand for sanitizers across the globe. Moreover, government regulations to manufacture sanitizers with more than 70% of alcohol content are positively impacting the market growth of ethanol. Various government initiatives to promote bio-based fuels due to rising environmental concernsare further driving market growth. Additionally, the growing use of food-grade ethanol to manufacture concentrated flavors is supplementing this growth.
Ethanol Market by Types:
- Synthetic Ethanol
What are the key Global Ethanol Market drivers and restraints?
What will be the expected size of the Global Ethanol Market by the end of the forecast period?
In what segment is expected to be dominating over the forecast period?
Which region is expected to lead the Global Ethanol Market in terms of growth?
What will be the crucial strategies of market vendors in the future?
What are the upcoming applications in the Global Ethanol Market?
How will the global market for product 1 and product 2 in the medium and long term?
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North America accounted for the largest market share in 2019 owing to the extensive use of ethanol as a fuel. Also, the high consumption of alcoholic beverages in the region boostedthis growth. Currently, the ethanol market in North America has been facing various challenges due to the COVID-19 pandemic. However, the increasing demand for sanitizers is supplementing market growth. Asia Pacific is expected to grow with the highest CAGR during the forecast period. This growth can be attributed to the growing use of ethanol as a solvent to manufacture varnishes and perfumes.
Table of Contents
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List
2.Data Collection Technique
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study
3.ABSTRACT OF THE STUDY
4.MARKET DYNAMICS ASSESMENT
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In the end, Ethanol Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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