An international North America industrial ethanol market research report takes into consideration various industry verticals such as company profile, manufacturer contact details, product specifications, geographical scope, value of production, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. Furthermore, the report contains top-to-bottom analysis and estimation of various market-related factors that are incredibly crucial for better decision making. Competitive analysis has been carried out on the world-class North American Industrial Ethanol business report for major market players, helping companies take better measures to improve their products and sales.
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.
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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.
Industrial Ethanol Market Scope and Market Size:
- 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.
- 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.
- 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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Industrial Ethanol Market Country Level Analysis:
The industrial ethanol market is analyzed and information on market size is provided based on country, feedstock, type and application as mentioned above.
The countries covered in the industrial ethanol market report are the United States, Canada, and Mexico.
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