SAN FRANCISCO, June 23, 2020
SAN FRANCISCO, June 23, 2020 /PRNewswire/ -- The global ethanol market size is projected to reach USD 129.36 billion by 2027 registering a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Increasing demand from fuel and industrial solvents applications is anticipated to remain a key factor favoring market growth.
The advent of second-generation ethanol is expected to bring about a revolution in the industry. The feedstocks used for production are cane trash, rice & wheat straw, corn cobs, cotton stalk, empty fruit bunches, and bagasse. With growing concerns regarding sustainability and tackling organic waste production of second-generation ethanol is expected to gain widespread acceptance. Although a large number of manufacturers have successfully run pilot experiments, there are still concerns surrounding the extraction of useful sugars that are locked in by lignin, cellulose, and hemicellulose in biomass and woody feedstock.
Key suggestions from the report:
Read 110 page research report with ToC on "Ethanol Market Size, Share & Trends Analysis Report By Source (Second Generation, Grain-based), By Purity (Denatured, Undenatured), By Application (Beverages, Fuel & Fuel Additives), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/ethanol-market
Disinfectants manufactured from ethanol are expected to gain prominence as they form an important component of personal hygiene. The changing consumer behavior and rising health awareness are expected to drive product consumption in this application segment. The growing cases of Hospital-Acquired Infections (HAIs) and rise in surgical procedures are expected to have a positive impact on product demand.
Europe is expected to be one of the major regional markets. The implementation of programs supporting the growth of the biofuels sector is expected to positively impact the eco-system. The European Commission has also started to incentivize farmers to produce feedstock, such as corn, maize, and sugarcane. The adoption of Fuel Quality Derivative aimed at increasing the concentration of ethanol in gasoline will also help augment product demand.
Grand View Research has segmented the global ethanol market on the basis of source, purity, application, and region:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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