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North America Industrial Ethanol Size, Demand, Emerging Trends and Forecast by 2028
An excellent North America Industrial Ethanol market survey report has been mainly designed by keeping in mind the customer requirements which will ultimately assist them in boosting their return on investment (ROI). Explicit and state-of-the-art information have been presented in this industry analysis report which helps North America Industrial Ethanol industry to be knowledgeable about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already present in the market. The winning North America Industrial Ethanol report also provides CAGR (compound annual growth rate) values along with its fluctuations for the specific forecast period.
To structure such radiant North America Industrial Ethanol report, the blend of best industry insight, practical solutions, talent solutions and latest technology have been used. Market definition, market segmentation, competitive analysis and research methodology are the major topics covered in this business report. The major aspects of this marketing report include complete and distinct analysis of the market drivers and restraints, key market players involved in this industry, detailed analysis of the market segmentation and competitive analysis of the key players. Market share analysis and key trend analysis are the two other major success factors in North America Industrial Ethanol market report.
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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 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.
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Industrial Ethanol Market Scope and Market Size:
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On the basis of feedstock, the North American industrial ethanol market is segmented into biobased and synthetic. In 2021, the bio-based segment is expected to dominate the market because there is a large-scale demand for bio-based ethanol due to US government regulations requiring the addition of ethanol in all fuels sold in the US market.
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Based on type, the North American industrial ethanol market is segmented into absolute ethanol, 95% ethanol, denatured ethanol, and others. In 2021, the absolute ethanol segment is expected to dominate the market due to its application in increasing the octane rating of fuels used in the region.
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On the basis of application, the North America industrial ethanol market is segmented into paints and coatings, pharmaceuticals, food and beverages, printing inks, agricultural, domestic and industrial cleaning solutions, cosmetics and personal care, adhesives and others. In 2021, the paints and coatings segment is expected to dominate the market as the demand for paints and coatings witnessed a rapid increase due to the growth of the renovation construction market.
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