Fuel Ethanol Industry 2019
The global fuel ethanol market will reach USD 122.35 Billion by 2026. The main drivers of this market are the swift replacement of leaded fuel with ethanol additives, and easy availability of low-cost feedstock for the production of fuel ethanol. Fuel ethanol is a cost-effective energy source, as producing fuels using the wastes of sugar cane, grains or corn is more economical as compared to the fossil fuels. Hence, these growing economies have started adopting ethanol as an alternate fuel.
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Panda Energy International
VeraSun Renewable Energy
Aventine Renewable Energy
Archer Daniels Midland Company
Alternative Energy Sources
Blue Fire Ethanol
Use of the Fossil fuels for example, coal, natural gas and oil emits hazardous green gases which are the reasons for alarming global warming, e.g. rising earth temperature, increasing sea levels, melting of global glaciers, climate change, etc., hence, fuel ethanol will be a definitely low-cost resource for Asian countries and other emerging developing countries as it emits only small quantity of carbon-di-oxide and water which is a very less quantity. However, there is a challenge: not having sufficient amount of agricultural production needed for ethanol production – this is what is causing a slowdown of the market.
Within Asia, China, India, and fast growing South East Asian countries will drive the fastest growth of the market. North America will lead followed by Europe when it comes to market share globally. Within North America, USA will continue to dominate, and in Europe – Germany, France, UK will be the key countries.
The Fuel Ethanol market is segmented based on its product type, and applications. Based on type, the market is split into Sugar Cane, Miscanthus, Sugar Beet, Other and Sorghum. By application, the market is split into Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle. The report covers the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application. Conventional fuel vehicles drove the market in 2018, contributing to 60% of the global market share, and will grow at a Common Annual Growth Rate (CAGR) of 4.6% during the forecast period. Also, the continuous demand of conventional fuel vehicles in the developed and developing market for example: USA, Brazil, China will further boost fuel ethanol consumption in the coming years.
The Fuel Ethanol market is divided into North America (United States, Canada, Mexico), Europe (Germany, France, UK, Italy, Russia), Rest of Europe, Asia Pacific (China, Japan, Korea, South Korea, India, Australia, Indonesia and Singapore), Rest of Asia Pacific, South America (Brazil, Argentina), Rest of South America, the Middle East and Africa (Saudi Arabia, Turkey). North America led the market in 2018 and will grow continuously with a forecasted CAGR of 6.0% during the forecast period. The growth in the region is due to the well-established automotive industry and strong regulation laid by governments to take meaningful actions regarding emission of toxic gas in green house.
By application, the automotive segment drove the market in 2018, and will continue to grow at the rate of 6.5%. On the other hand, by product type, the starch-based segment dominated the market in 2018, and will continue to do so with a growth rate of 6% during the forecast period of 2018-25.
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Table of Contents – Major key Points
1 Fuel Ethanol Market Overview
2 Global Fuel Ethanol Market Competition by Manufacturers
3 Global Fuel Ethanol Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Fuel Ethanol Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Fuel Ethanol Production, Revenue (Value), Price Trend by Type
6 Global Fuel Ethanol Market Analysis by Application
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