May 31, 2018 - 10:04 AM EDT
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Global Ethyl Alcohol Market Analysis, Trends & Forecasts 2018-2023, With a CAGR of 5% Estimated - ResearchAndMarkets.com

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The "Global Ethyl Alcohol Market - Segmented by Grade, Purity, Application, and Geography - Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The ethyl alcohol market is estimated to witness a CAGR of approximately 5% during the forecast period 2018-2023.

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.

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.

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.

Companies Mentioned

  • Abengoa Bioenergy
  • Advanced Bioenergy LLC
  • Andersons Ethanol Group
  • Archer Daniels Midland Company
  • Aventine Renewable Energy
  • Braskem
  • British Petroleum
  • Butamax Advanced Biofuels LLC
  • Cargill Corporation
  • Flint Hill Resources LP
  • Green Plains Inc.
  • INEOS
  • Kirin Holding Company
  • LyondellBasell Industries NV
  • Mitsubishi Chemical Corporation
  • Pacific Ethanol Inc.
  • SABIC SAsol Limited
  • Sigma-Aldrich
  • Solvay Group
  • The Andersons Ethanol Group
  • Valero

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

9. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/3npmns/global_ethyl?w=4

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Related Topics: Agrochemicals and Fertilizers


Source: Business Wire (May 31, 2018 - 10:04 AM EDT)

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