Ethanol is a biofuel made from renewable biomass sources like corn and sugarcane. It is commonly blended with gasoline to reduce carbon emissions from vehicles. Ethanol fuel blend is majorly used in the transportation sector to power motor vehicles. Ethanol fuel provides better combustion, higher octane rating and cleaner emissions as compared to regular gasoline. Growing demand for eco-friendly fuel alternatives and stringent emission norms are driving the ethanol fuel consumption in the transportation industry.
The global U.S. Ethanol Market is estimated to be valued at US$ 32.07 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased demand for biofuels is one of the major trends driving the growth of the U.S. ethanol market. The rising need to reduce dependency on imported petroleum and carbon emissions from the transportation sector is propelling the production and consumption of biofuels like ethanol in the country. As per the U.S. Environmental Protection Agency (EPA), biofuel usage including ethanol has increased from 3.5 billion gallons in 2000 to over 15 billion gallons in 2014 alone. This increased demand and consumption is expected to continue over the forecast period as more vehicle manufacturers introduce models compatible with higher ethanol blends.
Segment Analysis
The U.S. ethanol market is dominated by the corn-based ethanol segment. This segment held around 90% market share in 2023 owing to easy availability of corn in the U.S. and existence of processes and infrastructure required for corn ethanol production.
Key Takeaways
The Global U.S. Ethanol Market Demand is expected to witness high growth during the forecast period 2023 to 2030.The U.S ethanol market is projected to reach US$ 32.07 Billion by 2024.
Regional analysis: The Midwestern region of the U.S. dominates the U.S. ethanol market with around 80% market share due to large availability of corn. States like Iowa, Illinois and Nebraska are the major producers of ethanol due to high corn cultivation. The Midwestern region is expected to maintain its dominance during the forecast period supported by presence of large number of ethanol production plants and distilleries in the region.
Key players operating in the U.S. Ethanol Market are Boehringer Ingelheim, Zoetis, MSD Animal Health (Merck Animal Health), Elanco Animal Health, Ceva Santé Animale, Virbac, Bayer Animal Health, Vetoquinol, Huvepharma, IDT Biologika, Merial (now part of Boehringer Ingelheim), Heska Corporation, Dechra Pharmaceuticals, Phibro Animal Health, Neogen Corporation. These players are focusing on capacity expansion and mergers & acquisitions to strengthen their presence in the market.
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The global Cellulosic Ethanol Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cellulosic Ethanol Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cellulosic-ethanol-market/download-sampleMarket DynamicsRising demand for biofuel as an efforts towards sustainability drive the global Cellulosic Ethanol market.
The commercialization of cellulosic biofuels and the pressing need for environmental conservation promote the cellulosic ethanol market.
Cellulosic ethanol encounters the same market and regulatory obstacles as other forms of ethanol.
The production cost of ethanol from cellulose is relatively high, which hampers the market's growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
