Category : Energy and Power | Published at : June-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global fuel ethanol market size is expected to reach around US$ 120 Bn by 2027 and is anticipated to grow at a CAGR of around 7% in terms of revenue during the forecast period 2020 – 2027.
The report provides analysis of global Fuel Ethanol market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
The engine fuel is petrol or ethyl alcohol. It is used as a fuel additive in many countries. In Brazil, the permissible mix is 25 percent and 75 percent respectively for gasoline and petrol. The world's fuel ethanol is now experiencing an unprecedented period of growth, leading to expanded use in end-use industries. Since several countries have effectively banned the use of leaded gasoline, ethanol additives are used to replace led fuel. Although fermentation is the most popular form of ethanol production, the recent creation and marketing of cellulosing ethanol may dramatically increase ethanol output in the industry. The demand is largely influenced by growing environmental concerns and the need to reduce emissions of GHGs. Fuel-ethanol industries also have a strong effect on mixing requirements by regulatory bodies. In addition, it is also predicted that the advent of bioethanol of second and third generations would provide the boost demand growth during this forecast period.
Regional Stance
The largest share in the world fuel ethanol market was held by North America in 2019 and a similar pattern is anticipated in the forecast timeframe. The developed auto industry and strict ethanol mixing requirements in the US foster demand in the country. Throughout the US, the blending requirement for all vehicles with ethanol for 2007 or older is actually 10 percent; the mingling law for cars and light-duty vehicles with ethanol is 15 percent; and for Midwest vehicles, the mixing requirement is 85 percent. The new Canadian ethanol blended requirement is 5% and the target is 10% by 2020.
The Paris Convention was ratified in 2016 by Canada and by the end of 2030 Canada declared its projected emission-reducing goal of almost 30%. In this regulatory situation, low-carbon content fuels are used to improve which would potentially have an effect on the use of ethyl alcohol.
Asia-Pacific will show rapid growth during the forecast period. In addition to government programs in favor of sustainable growth, the rising amount of international investment is projected to improve fuei ethanol use in the years to come. The current mixing requirement of India is 2-3 percent, which is projected to grow by 2022 to 10 percent. By the year 2020, China strives for a 10% mixing requirement. Through the year 2025, Indonesia has set an target of 20% fuel ethanol blending.
Report coverage
The market research study on “Fuel Ethanol Market (Fuel Ethanol Market By Type: Cellulosic, Sugar-based, Starch-based; Fuel Ethanol Market By Application: Flexible Fuel Vehicles, Conventional Fuel Vehicles, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Fuel Ethanol market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Fuel Ethanol market size, and segment markets by type, material, propeller shaft type, end use, and geography along with the information on companies operating in the market. The Fuel Ethanol market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Fuel Ethanol market is segmented as below:
Market Segmentation
Fuel Ethanol Market By Type
- Cellulosic
- Sugar-based
- Starch-based
Fuel Ethanol Market By Application
- Flexible Fuel Vehicles
- Conventional Fuel Vehicles
- Others
Fuel Ethanol Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Players and Market Situation
Participants include major global players such Stake Technology, Mascoma Corporation, Panda Energy International, VeraSun Renewable Energy, Advanced Bioenergy LLC, COSA S/A, British Petroleum and DuPont, Pacific Ethanol, and Others.
Frequently Asked Questions
Agricultural quantity for the production of meaningful ethanol.
The sharp rise in crude oil prices is a key driver of the market.
The market value of Fuel Ethanol is anticipated to be worth around US$ 120 Bn in 2027.
Fuel ethanol market is anticipated to grow around 7% CAGR amid the forecast period 2020-2027.
North America held maximum share in 2019.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Participants include major global players such Stake Technology, Mascoma Corporation, Panda Energy International, VeraSun Renewable Energy, Advanced Bioenergy LLC, COSA S/A, British Petroleum and DuPont, Pacific Ethanol, and Others.
