Ethanol Market Overview 2022-2030
Ethanol, or ethyl alcohol, drinking alcohol, or simply alcohol is the highly flammable and volatile in nature. It occurs in the form of colorless liquid and has a strong characteristic odor. The product can be produced synthetically as well as biologically. The primary raw materials used in the production of ethanol are the food crops such as sugarcane, maize, wheat, sorghum, beet, and other starches is called bioethanol, and it is the eco-friendly alternative biofuel.
Ethanol is a psychoactive chemical which directly acts on the central nervous system (CNS) and is widely used in various types of alcoholic drinks. The primary application of ethanol is as a solvent in various chemicals industries. The product is gaining popularity as an efficient alternative fuel. It has significant penetration in the major end-use industries such as automotive, foods and beverages, chemicals, personal care and cosmetics, and pharmaceuticals.
Get Sample Report PDF @ https://www.marketresearchfuture.com/sample_request/7304
Based on feedstock, the global ethanol market has been segmented into coarse grains, sugar crane, wheat, maize, molasses, sugar beet, biomass and others. Coarse grains segment held the largest market share in 2021 on account of the low cost, high process ability and recovery. Maize and molasses are rapidly growing during the forecast period.
By application, the market is categorized into solvent, fuel, energy, fertilizer and others. The product is widely used as solvent in vast chemical processes. In coming years, the growing demand for green, eco-friendly, and economic fuel and energy may drive growth of the fuel and energy segments.
On the basis of end-use industry, the global ethanol market has been categorized into automotive, aerospace defense, machine tools equipment, electrical electronics, chemicals, and others. Among them, automotive accounted for the largest share of the market in 2021. This mainly due to vast use of the ethanol in manufacturing an alternative fuel on account of growing concerns over the vehicular pollution caused by the crude-based fuel.
Market Segmentation
The global ethanol market has been segmented on the basis of form, product, end-use, and region.
Based on feedstock, the global ethanol market has been segregated into coarse grains, sugar crane, wheat, maize, molasses, sugar beet, biomass and others.
By application, the market has been categorized into industrial solvent, fuel, energy, fertilizer and others.
On the basis of end-use industry, the market has been divided into automotive, food and beverages, chemicals, personal care and cosmetics, pharmaceuticals and others.
The global ethanol market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East Africa.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/ethanol-market-7304
Regional Analysis
The global ethanol market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East Africa. The market in Asia-Pacific is anticipated to grow at a highest CAGR owing to the rising product demand in the automotive and chemicals industries. North America dominated the market in 2021 owing high product demand in the automotive sector as a green and economic fuel.
Related Reports:
https://www.marketresearchfuture.com/reports/fireproof-insulation-market-2841
https://www.marketresearchfuture.com/reports/middle-east-africa-color-masterbatch-market-2968
https://www.marketresearchfuture.com/reports/paper-dry-strength-agents-market-2932
https://www.marketresearchfuture.com/reports/thermal-interface-materials-market-3135
https://www.marketresearchfuture.com/reports/benzyl-chloroformate-market-3253
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
