The applications of ethanol are many and diverse; ranging from the pharmaceutical industry to the food and beverages sector, ethanol is a vital component of numerous industries. On the basis of this premise, this research report is a dedicated effort to understand the significance of ethanol and the performance of the ethanol market at a regional and global level. The report studies the uses of ethanol from various perspectives and provides an analytical viewpoint of the overall market.
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The research study tracks the numerous changes and trends that have influenced the ethanol market before and during the forecast period of 2013-2019. This enables clients to gauge the progress of the market and understand the forces that trigger changes, either negative or positive, in the industry.
Overview of the global ethanol market
Ethanol finds key industrial applications in fuel, pharmaceuticals, chemical feedstock, and alcoholic beverages such as cider, wine, beer, ale, and spirits. It is also used as a recreational psychoactive drug in many countries around the world.
The success of the automobile industry across the globe is a prominent factor that has supported the ethanol industry over the years. Ethanol is used as a fuel or fuel additive in automobiles and with the rise in disposable income and expanding population base, the demand for automobiles has risen, consequently increasing the demand for ethanol. The use of ethanol as fuel ensures less carbon emissions and lower costs compared to traditional fuel, and with stringent environmental regulations coming into place, ethanol has gained significance over the past few years. On the other hand, the introduction of electric and hybrid cars has threatened the progress of the ethanol market.
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Ethanol plays a major role as a part of the alcoholic beverages industry. The demand for alcoholic beverages, especially those of premium quality from developed nations, has grown with changing lifestyle, taste, preferences, and increasing amounts of disposable income. In contrast, increasing substitutes for alcoholic beverages and rise in price of raw materials is projected to inhibit the growth of the ethanol market. The high production cost of ethanol will also restrict the market, since alcoholic drinks require purer grades of ethanol.
Nevertheless, there are many opportunities for players in the ethanol market. Technological advances, surging demand for liquid fuel, production of ethanol from carbon-rich crops such as corn and sugar, development of rural economies, and the search for alternatives to fossil fuels are some of the areas that possess immense scope for growth.
North America accounted for the highest share of the global market in terms of consumption, owing to the use of ethanol as fuel instead of crude oil and strict government regulations. While Asia-Pacific followed next, Europe has been the largest consumer of alcoholic beverages, thereby fueling the growth of the ethanol market.
Companies mentioned in the research report
Some of the key players within the ethanol market are Kirin, Aventine renewable Energy, United Breweries, Archer Daniels Midland Company, The Andersons Inc., British Petroleum, Advanced Bioenergy LLC, Stake Technology, VeraSun Renewable Energy, Alternative Energy Sources, Diago, Heinken, AB Miller, Pernod Richard, Cargill Corporation, and Pure Energy Inc. The key aspects covered by the research report include company overview, financial standing, business strategies, and recent developments.