Ethanol Market: An Empirical Assessment of the Trajectory of the Market
Market Characterization:
Ethanol is a major alcoholic beverage that is found in
spirits, ale, cider, wine and beer. Rise
in consumption of alcohol in North America as well as Europe is anticipated to
fuel the market growth over the future years. Varying lifestyle along with rise
in demand of western culture in Asia-Pacific region is expected to propel the
demand of alcohol in this region. This factor is projected to positively
influence the growth of ethanol market over the forecast years.
Major Key Players:
·
Diago
·
The Andersons Inc.
·
United Breweries
·
AB Miller
·
Advanced Bioenergy LLC Pure Energy Inc
·
Kirin British Petroleum
·
Cargill Corporation
·
Archer Daniels Midland Company
·
VeraSun Renewable Energy
·
Stake Technology
·
Alternative Energy Sources
·
Heineken
·
Aventine renewable Energy
·
Pernod Richard
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Market Segmentation:
On the basis of types of intermediate chemicals, methanol is expected
to have the fastest-growing market, owing to the growing demand of
formaldehyde, which is important component that is used during the
manufacturing of adhesives along with the increase in gasoline fuel blending
application. On the basis of type of polymer, polyethylene is also one of the
important type of plastics, which is gaining drive globally because of low oil
prices. New variations of polyethylene like ultra-high molecular weight PE and
Cross linked PE are used in the market and are expected to grow at a
significant pace.
Globally, Asia-Pacific leads the petrochemicals market,
accounted to high economic growth rate, rising demand for construction
products, growing health awareness applications and improving standards of
living. However, the process of plastic recycling is the major restraint of
this market.
Market Analysis with
Latest Growth Factors:
Factors such as rising demand from end-user industries such as
food & beverage and bio-fuel are also propelling this market growth. The
rise in automotive industry is estimated to be the key driving factor for
market growth over the future years. Ethanol is extensively used as either fuel
or fuel additive in the automobile sector. Rise in disposable income along with
population expansion is estimated to fuel the automotive sales as well as
increase ethanol demand. High environmental concerns are expected to positively
impact the demand for ethanol as fuel additive. The major countries have
re-modeled their regulations so as to promote the usage of ethanol as bio-fuel
in automotive sector.
Various technical innovations coupled with low cost feedstock
are anticipated to fuel global market growth. Industrial methylated spirits
obtained by adding together methanol to ethanol finds its usage as a solvent in
chemical industries as well as in domestic burners for cooking and heating
purpose. The ethanol intake along with
denatured alcohol is fatal as well as soporific in nature. These properties are
projected to dampen the market growth and present challenges to industry
participants. Across the world in the year 2007, the share of automotive
needing liquid fuel was observed to be 100% and it is expected to decrease by
more than 3% by 2020. The budding usage of hybrid fuel engine is likely to
challenge the growth of this market over the forecast years.
The rising demand from fuel cells application is anticipated
to drive the ethanol market growth over the future years. The commercial fuel
cells function on methanol, reformed natural gas as well as hydrogen. As
ethanol possesses properties such as low cost & toxicity, wide availability
and high purity, it comes across as an alternative. The extensive research and
development is being undertaken on thermally integrated systems, auto-thermal
reforming systems, as well as direct-ethanol fuel cells for commercial
feasibility.
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Geographical Analysis:
The North American market comes across as the chief regional
market due to the usage of ethanol as fuel. The rigid government regulations
fuelling the usage of bio-fuel to reduce environment pollution are projected to
drive ethanol market growth in the region. However, the Asia-Pacific market is
anticipated to grow at a high rate due to high demand from automotive industry.
The increasing environmental concerns coupled with maturing oil & gas wells
are expected to propel regional market growth.
Major Points from Table
of content:
•
Executive Summary
•
Research Methodology
•
Market Dynamics
•
Industry Overview
•
Global Ethanol Market, By Product (2017-2025)
•
Global Ethanol Market, By Regions (2017-2025)
•
Market Competition Analysis
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