Global ethanol market was valued at US$ 48,734.3 million in 2016 and is expected to register a CAGR of 1.00% to reach US$ 53,105.3 million by 2025. The market was pegged at 27,145.9 million gallons in 2016 and is expected to reach 32,165.3 million gallons by the end of the forecast period, expanding at a CAGR of 1.77%, according to a new report published by Coherent Market Insights.
According to the U.S. Department of Energy, use of high-level ethanol blends such as E85 results in lower emissions, thereby boosting the demand for ethanol. The significant rise in number of automobile vehicles on road has resulted in increased pollution levels, which is a concern for governments all over the world. Ethanol can be used as an alternative fuel, which is environment-friendly as well as renewable, thereby reducing the pollution levels.
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Key Trends and Analysis of Ethanol Market:
Key Takeaways of the Market:
Archer Daniels Midland Company, Cargill, Inc., Grain Processing Corporation, Ace Ethanol LLC, Advanced BioEnergy, LLC, MGP Ingredients, Flint Hills Resources LP, and Marquis Energy are some of the leading players in the global ethanol market. In 2013, Cargill Inc. expanded its operation in Germany by setting up a new ethanol plant in Barby. The new plant is aimed at producing ethanol for Europe’s alcoholic beverage, pharmaceutical, and cosmetic industries.
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