Ethanol is a volatile, colorless
and flammable alcohol. Major industrial applications of ethanol include
pharmaceutical, alcoholic beverages, chemical feedstock, fuel and others.
Ethanol is produced from petrochemical derivatives by distillation and from
carbon rich raw material through fermentation process. Ethanol is also used as
psychoactive and recreational drug across the world. Alcoholic beverages forms
the major part of ethanol market; these beverages include beer, cider, ale,
wine, spirits and others.
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Growing automobile industry is
expected to drive the ethanol market as it is being used as a fuel and fuel
additives for automobiles. Increasing population and disposable income of
consumers in developing countries is driving the automobile market. Further,
presence of stringent government regulations in developed countries are
expected to drive the market as ethanol is cheaper and releases less carbon
emissions than traditional crude oil. In addition, rising crude oil prices and
volatility in supply is expected to drive the market as ethanol is used as
alternative energy source to oil. Ethanol is an important component of
alcoholic beverages and rising demand for beverages is expected to
subsequently drive the market for ethanol. Rising demand for high quality
alcoholic beverages from developed counties is expected to fuel the ethanol
demand.
Consumer groups from developing
countries are shifting towards high purity ethanol based beverages owing to
changing life style and increasing disposable income. However, rising demand
for electric car and/or hybrid care demand is expected to hamper the market
growth. Additionally, rise in raw material price and use of substitutes for
alcoholic beverages is expected to hamper the market growth. Stringent
government regulations make the production of ethanol costly as high level of
purity is required in the alcoholic drinks. Rising demand for liquid fuel,
alternative source to oil and development of rural economy is expected to
provide immense opportunities for the players in the market. Ethanol
production from carbon rich crops that include corn, sugar crops and others is
expected to drive the rural development. Technological advances are expected
to provide opportunity for fermentation based ethanol production as changing
tastes and preferences of consumers is driving the alcoholic beverage
industry.
North America was the largest
consumer of ethanol owing to its use in liquid fuels as an alternative to
crude oils. Government policies regarding use of ethanol in fuels is expected
to drive the market in this region. Asia Pacific followed North America in
terms of consumption of ethanol. Rising demand for automobiles owing to
increasing disposable income and changing lifestyle is expected to drive the
market in Asia Pacific region. Europe was the largest consumer of alcoholic
beverages which ultimately drives the ethanol market. Increasing demand from
developing countries and rising consumption from young generation is expected
to drive the market. Rising demand for alcoholic beverages in all the regions
is expected to boost the demand for ethanol.
Some of the key players in this
market include Archer Daniels Midland Company, Advanced Bioenergy LLC, SThe
Andersons Inc., Pernod Richard, United Breweries, Aventine renewable Energy,
Stake Technology, Cargill Corporation, Alternative Energy Sources, British
Petroleum, Heinken, Diago, Kirin, AB Miller, Pure Energy Inc., VeraSun
Renewable Energy and amongst others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for
upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It
includes analysis of recent
developments in technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review of micro
and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological
growth map over time to understand the industry growth rate
- It provides a seven-year
forecast assessed on the basis of how the market is predicted to
grow
- It helps in understanding the
key product segments and their future
- It provides pin point analysis
of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed
business decisions by having complete insights of market and by making
in-depth analysis of market segments
- It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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