San Francisco, 20 December 2018: The Report Fuel Ethanol Market Analysis By Product (Starch-Based, Sugar-Based, Cellulosic),
By Application (Conventional Vehicles, Flexible Fuel Vehicles), By Region, And
Segment Forecasts, 2018 - 2025
The global ethanol fuel market is expected to reach USD 115.65 billion by 2025, growing
at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Asia Pacific
is estimated to witness a fast paced growth during the forecast period. China,
India, and Philippines are the key countries that are considered to positively
impact the industry growth in the future.
The government of India is currently
drawing efforts on enhancing the use of ethyl alcohol as an automotive fuel.
The National Policy on Biofuels was implemented in India in 2009, which stated
that the oil manufacturing companies were required to distribute petrol blended
with a minimum of 5% ethyl alcohol. Furthermore, this policy proposed a target
of 20% increase in the blending rate by the end of 2017 in the country.
Growth of the automotive industry in India
is another vital factor that is expected to enhance the consumption of the
product over the years ahead. Government of India is focusing on making
automobile sector as one of the major drivers of the ‘Make in India’
initiative. The manufacturing output of passenger vehicles is likely to reach
approximately 9.4 million units by the end of 2026, as stated by the Auto
Mission Plan (AMP) 2016-26.
Significant blending mandates in Australia,
China, and Philippines are considered to drive the market demand during the
forecast period. Australia currently has an E7 ethanol blending mandate
implemented in New South Wales. Furthermore, Australia focuses on reaching a
10% biofuels mandate by the end of 2020. In China, nine provinces have proposed
a 10% ethanol blends that include Jilin, Henan, Heilongjiang, Liaoning, and
Anhui.
Access Research Report of Ethanol Fuel Market@ www.grandviewresearch.com/industry-analysis/fuel-ethanol-market
Further key findings from the report suggest:
· In terms of volume, sugar-based segment is
expected to rise at a CAGR of 5.4% from 2017 to 2025. In terms of revenue, the
product demand is expected to reach USD 24.44 billion by the end of 2025.
· Technological advancement in the production
of ethyl alcohol from lignocellulosic raw materials is expected to propel the
industry growth during the forecast period
· In 2012, DuPont commenced the construction
of its cellulosic ethyl alcohol facility in Iowa, U.S., that utilizes corn
stover as a raw material source and has an anticipated annual manufacturing
capacity of 30 million gallons per year. The construction of this manufacturing
plant is anticipated to be completed by the end of 2017.
· India is likely to witness fast paced
growth in terms of product demand over the years ahead. In 2016, the Union
Minister of Road Transport & Highways and Shipping announced the Indian
Government is focusing on increasing the ethanol blend rate in petrol to 22.5%
in the future.
· Abundant availability of raw material
substitutes is estimated to lower the bargaining power of suppliers over the
years ahead. Barrier for new entrants is estimated to remain high over the
years ahead, as longer duration is required to achieve economies of scale.
· Companies are focusing on business growth
by implementing various growth strategies such as forward and backward
integration of business operations, acquisition, technology licensing, and
distribution agreements.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the
global fuel ethanol market on the basis of product, application, and region:
Ethanol Fuel Product Outlook (Volume,
Million Liters; Revenue, USD Million, 2014 - 2025)
·
Starch-based
·
Sugar-based
·
Cellulosic
Ethanol Fuel Application Outlook (Volume,
Million Liters; Revenue, USD Million, 2014 - 2025)
·
Conventional Fuel Vehicles
·
Flexible Fuel Vehicles
·
Others
Ethanol Fuel Regional Outlook (Volume,
Million Liters; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Ethanol Fuel Market@ www.grandviewresearch.com/press-release/global-fuel-ethanol-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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