Latest Advancement in Global Ethyl Alcohol Market Forecast 2018-2023

Ethyl Alcohol

Global Ethyl Alcohol Market Research Report 2018 presents an in-depth assessment of the Ethyl Alcohol Market providing quantitative information about the market size, key market segments and manufacturer in terms of revenue, production and growth rate from 2018 to 2023. The Ethyl Alcohol Market report also provides qualitative information about the technologies, key trends, market drivers, regulatory landscape, deployment models, opportunities, value chain and market strategies.

The Onerous Demand Of Global Ethyl Alcohol Market report enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Ethyl Alcohol industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.Development and Trend Research plays an Important role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Ethyl Alcohol market growth over the forecast period.

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The ethyl alcohol market is estimated to witness a CAGR of approximately 5% during the forecast period (2018 – 2023). In terms of production, North America is projected to continue leading the market. The United States is expected to witness the highest growth during the forecast period, followed by South America. Ethyl alcohol, also called ethanol (CH3OH), is a very versatile chemical with applications in a wide variety of industries, such as automotive, medical, beverage, etc. The growth of the end-user industries and the increasing application of ethanol as a biofuel are likely to drive the ethyl alcohol market in coming years.

Rising demand for Ethanol as a Biofuel

With the increasing concerns related to the greenhouses gases (GHG) emission from fossil fuels, ethanol has emerged as a feasible alternative. Use of the corn-based ethanol can help to reduce GHG emissions from vehicles by 18% to 29% per mile traveled compared to the petroleum-based fuels. Additionally, ethanol is highly biodegradable in nature as it is made of organic materials. Any spills caused in case of ethanol, do not cause any major hazardous impact on the environment as 74% of ethanol breaks down within 5 days. Thus, such factors have increased the demand for ethanol as a biofuel, which is driving the ethanol market.

Fuel is the Major Market Application

Ethyl Alcohol is majorly consumed as a fuel. For the last several years, refiners add ethanol to fuel because it burns cleaner than pure gas which helps to reduce emissions. Additionally, the use of ethanol as a fuel helps to reduce the oil dependency. In the United States, more than 97% of the gasoline contains ethanol. E10, one of the most common blends, contains 90% gasoline and 10% ethanol in order to oxygenate fuel and reduce emission. Since 2001, the E15 blend, which contains 15% ethanol, has also been approved for use. Additionally, E85, known as flex fuel, is also used in flexible fuel vehicles which can operate on any blend of ethanol and gasoline up to 83%.

North America to Dominate the Market

North America is expected to dominate the market during the forecast period, followed by South America. Whereas, Asia-Pacific is expected to witness the highest market growth owing to the increasing demand from the beverage and automotive industries. In Asia-Pacific, the consumption of alcohol has seen a substantial increase in past few years owing to the changing culture in the region. The alcohol consumption has increased majorly in Western Pacific and South-East Asian countries. Moreover, the strong growth of the medical industry fuelled by the increasing investments in the sector, and the increasing fuel demand is projected to increase the demand for ethyl alcohol in the region during the forecast period.

Key Developments

June 2017: In California, Pacific Ethanol Inc. acquired Illinois Corn Processing, LLC (ICP) for USD 76 million, which includes USD 15 million in working capital. This added 90 million gallons in capacity adjacent to the company’s Pekin, IL plant. The acquired plant produces gin/vodka, ethanol, and proteins.
April 2017: Butamax Advanced Biofuels, a 50-50 joint venture (JV) between BP and DuPont, acquired Nesika Energy and its advanced ethanol facility in Scandia, Kansas, United States.

Major Players: Sigma-Aldrich Corporation, Cargill, Incorporated, Solvay Group, Braskem, and Archer-Daniels-Midland Company, among others.

Reasons to Purchase this Report

To understand the impact of increasing stringent regulations on the ethyl alcohol market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating grade & application in the ethyl alcohol market
To identify the region and countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

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Ethyl Alcohol Market Forecast 2018-2023

The Ethyl Alcohol industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Ethyl Alcohol production, supply, sales and market status.

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Price of Ethyl Alcohol Market Report (single User Licence): $ 4250

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

 

 

 

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