Ethanol Market Segmentation and Analysis by Latest Trends and Growth by Trending
Posted by rohit on February 16th, 2021
Ethanol known as ethyl alcohol is colorless and flammable chemical compound with an agreeable odor and taste. It is renewable, and can be produced by the fermentation of starch and sugar based biological materials and cellulosic feedstock, such as sugarcane, wood, wheat, corn, and barley. Corn and starch based crops are majorly used for the production of ethanol. Ethanol is highly soluble in water and most of the organic solvent, due to this it is widely used as a solvent in various industries. Further, it is extensively used as a preservative in pharmaceutical industries and it is a major component in producing alcoholic beverages.
Extensive usage of ethanol in automotive industry as a fuel or fuel additive, is propelling the demand for ethanol in the global market. The ethanol market has witnessed a rapid growth over the past 10 years due to rapid funding for biofuel by the regulating bodies, since biofuel is considered as an eco-friendly alternative for gasoline. Further, according to the U.S. National Geospatial-Intelligence Agency, one liter of ethanol significantly reduces CO2 emissions by more than 95%, thereby saving approximately 2.3 Kilograms of carbon dioxide (CO2). Further, ethanol is also responsible for reducing carcinogenic and particulate emissions by approximately 65% to 70%.
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This report segments the ethanol market on the basis of process, source, and end-use industry. Based on process, the ethanol market is segmented into wet milling and dry milling. Based on source, the market is segmented into natural and synthetic. Natural source is sub-segmented as sugarcane, sugar beet, maize, rye, and others, while synthetic source is sub-segmented into oil derivatives, coal, and others. Based on end-use industry, the market is segmented into automotive, alcoholic beverages, pharmaceutical, cosmetics, and others. Further, based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Key companies covered as a part of this study include Cargill, Inc., Archer Daniels Midland Company, Grain Processing Corporation, Advanced BioEnergy, LLC, MGP Ingredients, Flint Hills Resources LP, and Marquis Energy
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About the Authorrohit
Joined: February 6th, 2020
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