Global Industrial Ethanol Materials Market is growing with factors such the increase in demand for the industrial ethanol product as an octane enhancer and the use of ethanol as fuel in automotive and vehicles. The increased usage of industrial ethanol in hand sanitizers and antibacterial products in the pandemic scenario also expected to boost the global industrial ethanol market.
However, the rise in adverse environmental impact of ethanol production and the large scale water requirement for the production of ethanol have decreased the demand of the market.
Global Industrial ethanol materials Market Scenario
According to Data Bridge Market Research, the market for global industrial ethanol materials in North America has the highest market share followed by Asia-Pacific and Europe. Market leader is Mitsubishi Chemical Corporation, which accounts an estimated market share of approximately 9.20% in the global market. The company has gained outstanding sale by providing novel industrial ethanol materials products.
For instance,
- In February 2018, Mitsubishi Chemical Corporation has entered into strategic partnerships for marketing of zeolite membranes for bioethanol production; the bioethanol is derived from the biomass feedstocks such as sugar cane, corn and cassava due to its properties such as potential to reduce greenhouse gas emission and carbon neutrality. The partnership has accelerated MCC’s business development in the bioethanol market, further on a global scale and helped to increase revenue.
Trends Impacting the Market
Now the question is which other regions Integrated Mitsubishi Chemical Corporation, BASF SE, and Cargill, Incorporated are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific industrial ethanol materials market and the market leaders targeting China to be their next pocket revenue for 2021.
The industrial ethanol materials market is becoming more competitive with companies Mitsubishi Chemical Corporation, BASF SE, and Cargill, Incorporated as these are the top dominating companies in industrial ethanol materials market and have launched novel products, services and technologies in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global industrial ethanol materials market.
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Industrial Ethanol Materials Market Developments
- In November 2019, Flint Hills Resources introduced a facility expansion worth 400 million that includes equipment upgrades and technologies that help improve efficiency, lower emissions and increase production. The company expected to improve its production speed and product quality by this facility expansion.
- In April 2021, Sasol formed a partnership with Toyota South Africa Motors (TSAM) for the development and exploration of a green hydrogen-based mobility ecosystem in South Africa. The partnership will combine the experiences of both the companies such as the experience of Sasol regarding the production and use of grey hydrogen along with TASM’s experience with zero-emission hydrogen fuel cell vehicles. The company expects to fulfill its goal to create a sustainable and green economy along with improving its revenue and sales with this partnership.
- In March 2020, CropEnergies AG announced that it will partially switch its focus regarding the production of fuel ethanol to the production of pure ethanol due to a surge in demand for disinfectants. The company expects to improve its pure ethanol sales and overall revenue with this production expansion.
Scope of the Industrial Ethanol Materials Market
All country based analysis of the global industrial ethanol materials market is further analyzed based on raw material, type and application. On the basis of raw material, the industrial ethanol market is segmented into bio based and synthetic. On the basis of type, the industrial ethanol market is segmented into absolute ethanol, ethanol 95%, denatured ethanol and others. On the basis of application, the industrial ethanol market is segmented into paints and coatings, pharmaceutical, food & beverages, printing ink, agricultural, household and industrial cleaning solutions, cosmetics and personal care, adhesives and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-industrial-ethanol-market
Key Pointers Covered in Industrial Ethanol Materials Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of Industrial ethanol materials market
- Company profiling of top eight players of Industrial ethanol materials market
Key Market Competitors Covered in the Report
- Mitsubishi Chemical Corporation
- BASF SE
- Cargill, Incorporated
- Bunge North America, Inc. (a subsidiary of Bunge Limited)
- Flint Hills Resources
- LyondellBasell Industries Holdings B.V.
- Calgren Renewable Fuels, LLC
- ADM
- INEOS
- Envien Group
- Sasol
- Valero
- The Andersons, Inc.
- CropEnergies AG
- Alto Ingredients, Inc.
Above are the key players covered in the report, to know about more and exhaustive list of industrial ethanol materials companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-ethanol-market
Research Methodology: Global Industrial Ethanol Materials Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturers
- Supply Side: Product Managers, Marketing Managers, Distributors, Market Intelligence, among others.
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