Ethanol Market
Ethanol Market Size, Share & Trends Analysis Report
The Global Ethanol Market is valued at USD 90.3 Billion in the year 2021 and is forecasted to reach a value of USD 117.5 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period.
Ethanol can be made in a variety of ways. The hydrolysis and sugar fermentation processes can generate bioethanol, an environmentally benign and renewable variation of ethanol. As bioethanol is made entirely of biological sources, it produces cleaner emissions when it is burned (carbon dioxide, steam, and heat). Due to this new creation and energy combustion cycle, bioethanol has the potential to be a carbon-neutral fuel. Bioethanol can be used to replace petroleum-based products. Several countries use bioethanol mixed gasoline. Ethylene obtained from petroleum is also used to make synthetic ethanol. Both bioethanol and manufactured Ethanol have the same chemical formula and are chemically indistinguishable.
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Ethanol can be made in a variety of ways. The hydrolysis and sugar fermentation processes can generate bioethanol, an environmentally benign and renewable variation of ethanol. As bioethanol is made entirely of biological sources, it produces cleaner emissions when it is burned (carbon dioxide, steam, and heat). Due to this new creation and energy combustion cycle, bioethanol has the potential to be a carbon-neutral fuel. Bioethanol can be used to replace petroleum-based products. Several countries use bioethanol mixed gasoline. Ethylene obtained from petroleum is also used to make synthetic ethanol. Both bioethanol and manufactured Ethanol have the same chemical formula and are chemically indistinguishable.
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Competitive Landscape:
The key players in the Global Ethanol Market include- United Breweries, Aventine Renewable Energy, AB Miller, Archer Daniels Midland Company, Kirin, Pure Energy Inc., British Petroleum, Cargill Corp., and others.
Segmentation of the Global Ethanol Market:
Source
Sugar & Molasses Based
Grain Based
Second Generation
Purity
Denatured
Undenatured
Application
Industrial Solvents
Fuel & Fuel Additives
Beverages
Disinfectant
Personal Care
Others
Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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