The global Fuel Ethanol market is expected to reach USD 122.35 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the rapid replacement of leaded fuel with ethanol additives and the availability of inexpensive feedstock for the production of ethanol fuel.
Ethanol fuel is a less expensive energy source since, production of fuels using wastes of corn, sugar cane or grains is more economical as compared to fossil fuels, which can be a bane to the economy of most countries, especially, and developing countries who cannot afford to explore them. Thus, the adoption of ethanol as a fuel by these growing economies can boost the market for fuel ethanol.
Moreover, global warming which is caused by constant emission of hazardous greenhouse gases from the use of fossil fuels, such as natural gas, oil, and coal, which are resulting in catastrophic effects including rising sea levels, weather pattern changes, and excessive heat. Combustion of ethanol fuel only releases carbon dioxide and water, which is ineffective to environmental degradation.
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Top Players Analyzed in the Report are:
The Andersons, Inc. (USA), Advanced BioEnergy LLC (USA), BlueFire Renewables (USA), Archer Daniels Midland Company (USA), Cargill Incorporated (USA), BP PLC (UK), Mascoma LLC (USA), Flint Hills Resources (USA), Pacific Ethanol, Inc. (USA), and Panda Energy International Inc. (USA), among others.
Rising global energy demand, highly volatile oil & gas prices, and new investments in clean energy are the key factors providing impetus to the global power and energy industry. Surging demand for alternative energy sources globally has fuelled the installed renewable power generation capacity across several countries. With the support of government for renewable power projects, there is slew of investment in solar and wind power projects. The emerging economies of Asia and Latin America which lack the required infrastructure are now allocating a huge annual budgets to the development of the utility and the power sector infrastructure.
Increasing new capital investments in power projects by both public & private sectors, rise in privatization, and deployment of smart grid to better manage services & reduce transmission losses will boost Fuel Ethanol market expansion during the forecast period.
For the purpose of this report, Reports and Data have segmented global Fuel Ethanol Market on the basis of raw material, product type, industry vertical, application, and region:
Raw material Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- Fuel crops (Algae)
- Sugar crops
- Food waste
- Forest waste
- Agricultural waste
- Starchy grains
- Fossil fuels
Product type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Application Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Conventional fuel vehicles
- Flexible fuel vehicles
Industry vertical Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Oil & gas
- Food & beverages
- Chemical & materials
- Healthcare & pharmaceuticals
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The report covers extensive analysis of the regions where the industry operates. According to the regional analysis, the market is segmented into key geographical areas such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regions have been examined on the basis of the production and manufacturing capacities and costs. Research analysts have formulated this report through extensive primary and secondary research on the regional segmentation.
Key questions addressed in the report are:
- What are the risks and challenges the companies will have to face in the forecast period?
- What are the emerging trends and how they influence market growth?
- What is the estimated market size and share in the forecast period?
- What are the key driving factors of the Global Fuel Ethanol market?
- What are the opportunities for expansion of the global Fuel Ethanol market?
- Which region is expected to dominate the market during the forecast period?
To know more about the “Fuel Ethanol Market” report, visit @ https://www.reportsanddata.com/report-detail/fuel-ethanol-market
For comprehensive coverage, the report also segments the market based on types, applications, and regions. Analysis of each market segment, along with projections, is offered in the report. The report discusses profitability, gross margins, global demand, sales volume, and growth prospects of each market segment.
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