Europe Ethanol Market, By Raw Material (Biobased and Synthetic), Type (Ethanol 95%, Absolute Ethanol, Denatured Ethanol and Others), Industry (Cosmetics and Personal Care, Electronics, Construction, Automotive, Pharmaceutical, Agricultural, Paints and Coatings, Food and Beverage and Others), Country (Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands and Rest of Europe) Industry Trends and Forecast to 2027
Market Analysis and Insights: Europe Ethanol Market
The ethanol market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.2% in the forecast period of 2020 to 2027 and is expected to reach USD 13,890.56 million by 2027. The increasing demand of biofuels in the region will increase the demand of ethanol products which will help to boost Europe ethanol market in future.
Ethanol is a clear, colorless liquid with several characteristic such as agreeable odor, flammable, colorless and also have slightly toxic chemical compound. In dilute aqueous solution, ethanol has a bit sweet flavour, but in concentrated solution, ethanol has a burning taste. Ethanol has the formula as CH3CH2OH which is an alcohol means a group of chemical compounds whose molecules contain a hydroxyl group, –OH, bonded to a carbon atom.
Biofuel products are renewable energy source which is manufactured from organic matter or wastes in the fields. Biofuel can play a valuable role in reducing carbon dioxide emissions which are released while burring of fuel. In the automotive sector, biofuels are blended with existing fuels such as gasoline and diesel to reduce the carbon dioxide emission in the environment. European Committee for Standardization (CEN) commissioned research looking at the costs and benefits of introducing a fuel containing 20% bioethanol or E20. Europe is also ready to introduce the E20 fuel which is having the 20% of the ethanol blend which will help to boost the octane rating and also allowing the development of more efficient engines in the automotive.
The less availability of free land in the region for crop production of the bioethanol crops due to which the demand of bioethanol products cannot be fulfilled leads to restraining the Europe ethanol market growth. The increasing shift of people to electric vehicle, government initiatives for adoption of electric vehicle and launching of new hybrid and electric vehicle will create a challenge for Europe ethanol market.
This ethanol market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the ethanol market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Ethanol Market Scope and Market Size
The ethanol market is segmented into three notable segments which are based on the raw material, type and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of raw material, the ethanol market is segmented into biobased and synthetic. In 2020, biobased segment is dominating the raw material segment as corn is majorly used in the production of biobased ethanol which makes biobased dominating in the ethanol market.
- On the basis of type, the ethanol market is segmented into ethanol 95%, absolute ethanol, denatured ethanol and others. In 2020, absolute ethanol segment is dominating type segment as absolute ethanol is of the highest purity ethanol which can easily be mixed with fuels in automotive.
- On the basis of industry, the ethanol market is segmented into cosmetics and personal care, electronics, construction, automotive, pharmaceutical, agricultural, paints and coatings, food and beverage and others. In 2020, automotive segment is dominating in industry segment as ethanol is used as fuel to minimize emission of carbon dioxide.
Europe Ethanol Market Country Level Analysis
Europe ethanol market is analysed and market size information is provided by country, raw material, type and industry as referenced above.
The countries covered in the Europe ethanol market report are Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands and rest of Europe.
Germany dominates in the Europe ethanol market as in Germany, the production and consumption of ethanol is increasing in the country. Germany is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of increasing demand of biobased fuel in automotive in the country and is leading the growth of the Europe ethanol market due to easy production of the biobased ethanol. The U.K. dominates the Europe ethanol market with the second highest market share due to increase in consumption of alcoholic beverages in which biobased ethanol is used while France is dominating the Europe ethanol market with the third highest market share due to more crop plantation of the biobased crops in the country which makes biobased raw material to dominate in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Demand of Headphone/Earphone in Ethanol Market
Ethanol market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in ethanol and changes in regulatory scenarios with their support for the ethanol market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Ethanol Market Share Analysis
Ethanol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe ethanol market.
The major players covered in the Europe ethanol market report are INEOS, Cargill, Incorporated, SABIC, Bunge Limited, ADM, Sasol Limited, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Braskem, Valero Marketing and Supply Company, Raízen and CropEnergies AG among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of ethanol market.
- In July, Bunge Limited and BP plc announced the formation of BP Bunge Bioenergia, a 50:50 joint venture bioenergy company in Brazil to operate 11 sugarcane mills to produce sugar, ethanol and renewable electricity. This development has helped the company to increase its revenue in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for ethanol.
Customization Available: Europe Ethanol Market
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