North America Industrial Ethanol Trends, Share, Growth, Opportunities and Forecast By 2028
North America Industrial Ethanol Trends, Share, Growth, Opportunities and Forecast By 2028
An international North America Industrial Ethanol market research report takes into consideration several industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. Furthermore, the report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. Competitive analysis has been carried out in the world class North America Industrial Ethanol business report for major players in the market which supports businesses take better moves for enhancing their product and sales.
North America industrial ethanol market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.9% in the forecast period of 2021 to 2028 and is expected to reach USD 74,801,968.70 thousand by 2028. The increased usage of industrial ethanol in hand sanitizers and antibacterial products in the pandemic scenario is expected to drive the North America industrial ethanol market.
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The major companies which are dealing in the North America industrial ethanol market are INEOS, Cargill, Incorporated, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Valero, Flint Hills Resources, Sasol, The Andersons, Inc., BASF SE, Alto Ingredients, Inc., ADM, Bunge North America, Inc. (a subsidiary of Bunge Limited), Calgren Renewable Fuels, LLC, among other domestic and international players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Industrial Ethanol Market Scope and Market Size:
On the basis of raw material, North America industrial ethanol market is segmented into bio based and synthetic. In 2021, the bio-based segment is expected to dominate the market because there is large-scale demand for bio-based ethanol due to the U.S. government regulations that mandate the addition of ethanol in all the fuels sold in the U.S. market.
On the basis of type, North America industrial ethanol market is segmented into absolute ethanol, ethanol 95%, denatured ethanol and others. In 2021, the absolute ethanol segment is expected to dominate the market due to its application in increasing the octane value of fuels used in the region.
On the basis of Application, North America industrial ethanol market is segmented into paints and coatings, pharmaceutical, food & beverages, printing ink, agricultural, household and industrial cleaning solutions, cosmetics and personal care, adhesives and others. In 2021, the paints and coatings segment is expected to dominate the market because of the demand for paints and coatings witnessed a rapid rise due to the growth in renovation construction market.
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Industrial Ethanol Market Country Level Analysis:
The industrial ethanol market is analyzed and market size information is provided by the country, raw material, type and application as referenced above.
The countries covered in the industrial ethanol market report are the U.S., Canada, and Mexico.
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