[FURL=https://www.industryarc.com/Research/Ethanol-Market-Research-510902]Ethanol Market[/FURL] size is forecast to reach $11.7 billion by 2025, after growing at a CAGR of 7.5% during 2020-2025. Ethanol is a well-known alcoholic beverage, mainly found in wine, beer, cider, spirits, and ale. Ethanol also used in hand sanitizers. Currently, an outbreak of respiratory disease caused by a novel coronavirus that was first detected in Wuhan City, Hubei Province, China, and that has now spread globally. The virus named COVID-19 demonstrated the capability to rapidly spread, leading to significant impacts on healthcare systems and causing societal disruption. Owning to this, the increasing demand of alcohol-based sanitizer lead to increase the consumption of ethanol, which leads the market growth.Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=510902[/FURL]
Key Takeaways
Technology innovations along with low cost feedstock is expected to drive the growth of the market.
Th growth of ethanol fuel in order to reduce the emissions have increased the demand of ethanol in automotive industry.
The COVID-19 outbreak has increased the demand of alcoholic hand sanitizers as alcohol-based sanitizers are more beneficial as compare to organic sanitizer. The growing demand of ethanol with 94.9% percent of composition in hand sanitizers is tends to increase the growth of the market, specifically in the year 2020 and 2021.
However, other core industries have impacted with great crisis in present times due to lockdown across the globe. But the healthcare sector comes up with tremendous growth, and ethanol have got its perfect close to grip their position in the market.
Geography - Segment Analysis
North America emerged as the leading regional market owing to the use of ethanol as fuel instead of conventional fuels. Stringent government regulations promoting bio-fuel usage to limit environment pollution is expected to drive market growth in the region. Asia Pacific market is expected to grow at significant rate owing increasing demand from automotive industry. Rising environmental concerns along with maturing oil & gas wells are expected to drive regional market growth.
Drivers – Ethanol Market
Due to COVID-19 outbreak, the consumption of Ethanol for the production of hand sanitizer is rising in a rapid manner, which is driving the market growth.
Ethanol top 10 companies are United Breweries, AB Miller, Aventine renewable Energy, Archer Daniels Midland Company, Pure Energy Inc Kirin British Petroleum, Cargill Corporation, The Andersons Inc., VeraSun Renewable Energy, Stake Technology, Alternative Energy Sources, Diago, Heineken, Advanced Bioenergy LLC and Pernod Richard, among others.
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