The
ethyl alcohol market and it is poised to
grow by USD 21.56 billion during 2020-2024, progressing at a CAGR of almost 7%
during the forecast period. The report offers an up-to-date analysis regarding
the current market scenario, the latest trends and drivers, and the overall
market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free
Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Advanced BioEnergy LLC, Archer Daniels
Midland Co., BP Plc, Cargill Inc., Green Plains Inc., INEOS Group Holdings SA,
LyondellBasell Industries NV, Mitsubishi Chemical Holdings Corp., Pacific
Ethanol Inc., and Solvay SA are some of the major market participants. Although
the increasing demand for ethanol in the food processing industry will offer
immense growth opportunities, increasing demand for electric vehicles will
challenge the growth of the market participants. To make the most of the
opportunities, market vendors should focus more on the growth prospects in the
fast-growing segments, while maintaining their positions in the slow-growing
segments.
The increasing demand for ethanol in the food processing industry has
been instrumental in driving the growth of the market. However, increasing
demand for electric vehicles might hamper the market growth.
Ethyl Alcohol Market 2020-2024: Segmentation
- Ethyl Alcohol Market is
segmented as below:
- End-user
- Automotive
- Food And Beverages
- Personal Care
- Pharmaceutical
- Others
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
Ethyl Alcohol Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our ethyl alcohol market report
covers the following areas:
- Ethyl Alcohol Market size
- Ethyl Alcohol Market trends
- Ethyl Alcohol Market
industry analysis
This study identifies the growing demand for ethyl alcohol in the
automotive industry as one of the prime reasons driving ethyl alcohol market
growth during the next few years.
Ethyl Alcohol Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the
Ethyl Alcohol Market, including some of the vendors such as Advanced BioEnergy
LLC, Archer Daniels Midland Co., BP Plc, Cargill Inc., Green Plains Inc., INEOS
Group Holdings SA, LyondellBasell Industries NV, Mitsubishi Chemical Holdings
Corp., Pacific Ethanol Inc., and Solvay SA. Backed with competitive
intelligence and benchmarking, our research reports on the Ethyl Alcohol Market
are designed to provide entry support, customer profile and M&As as well as
go-to-market strategy support
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