North America Industrial Ethanol Market, By Raw Material (Bio Based and Synthetic), Type (Absolute Ethanol, Ethanol 95%, Denatured Ethanol and Others), Application (Paints and Coatings, Pharmaceutical, Food & Beverages, Printing Ink, Agricultural, Household and Industrial Cleaning Solutions, Cosmetics and Personal Care, Adhesives and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Industrial Ethanol Market
North America industrial ethanol market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.9% in the forecast period of 2021 to 2028 and is expected to reach USD 74,801,968.70 thousand by 2028. The increased usage of industrial ethanol in hand sanitizers and antibacterial products in the pandemic scenario is expected to drive the North America industrial ethanol market.
Industrial ethanol is a colorless organic solvent obtained by both traditional fermentation and other synthetic methods. It is highly inflammable and requires specialized storage conditions. Further, it finds widespread application in several industries such as paints and coatings, cosmetics and personal care, automotive, and several others. Recently the demand for industrial ethanol rose in the market due to its widespread application as a biofuel. Based on the raw material used for the manufacturing process, the industrial ethanol market is broadly classified into bio-based and synthetic.
The major opportunities for North America industrial ethanol market are the growth in the renovation construction industry around the globe and the advents associated with greener ethyl alcohol sources. The increase in use of ethanol as marine fuel also promotes the market growth. Some of the significant drivers related to the respective market are the increase in demand for the industrial ethanol product as an octane enhancer and the use of ethanol as fuel in automotive and vehicles.
However, the major restraint that affects the demand of the North America industrial ethanol market are the rise in adverse environmental impact of ethanol production and the large scale water requirement for the production of ethanol. Further, the use of industrial ethanol in personal care products results in dry skin and hair loss also restraints the respective market’s growth.
The industrial ethanol market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized 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 industrial 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.
Industrial Ethanol Market Scope and Market Size
The industrial ethanol market is segmented on the based on the raw material, type and application. The growth among segments helps you analyze 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, North America industrial ethanol market is segmented into bio based and synthetic. In 2021, the bio based segment is expected to dominate the market because there is large-scale demand for bio based ethanol due to the U.S. government regulations that mandate the addition of ethanol in all the fuels sold in the U.S. market.
- On the basis of type, North America industrial ethanol market is segmented into absolute ethanol, ethanol 95%, denatured ethanol and others. In 2021, the absolute ethanol segment is expected to dominate the market due to its application in increasing the octane value of fuels used in the region.
- On the basis of Application, North America 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. In 2021, the paints and coatings segment is expected to dominate the market because of the demand for paints and coatings witnessed a rapid rise due to the growth in renovation construction market.
Industrial Ethanol Market Country Level Analysis
The industrial ethanol market is analyzed and market size information is provided by the country, raw material, type and application as referenced above.
The countries covered in the industrial ethanol market report are the U.S., Canada, and Mexico.
U.S. is expected to dominate the North America industrial ethanol market due to the abundant availability of raw materials required to produce industrial ethanol.
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 North America 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.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Industrial Ethanol is Boosting the Market Growth of Industrial Ethanol Market.
The industrial ethanol market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Industrial Ethanol Market Share Analysis
Industrial 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, 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 company’s focus related to industrial ethanol market.
The major companies which are dealing in the North America industrial ethanol market are INEOS, Cargill, Incorporated, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Valero, Flint Hills Resources, Sasol, The Andersons, Inc., BASF SE, Alto Ingredients, Inc., ADM, Bunge North America, Inc. (a subsidiary of Bunge Limited), Calgren Renewable Fuels, LLC, among other domestic and international players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contract and agreement are also initiated by the companies’ worldwide which are also accelerating the industrial ethanol market.
For instance,
- 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.
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the industrial ethanol market which also provides the benefit for organization’s profit growth.
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