Ethanol: A Global Strategic Business Report
San Jose, CA (PRWEB) November 10, 2008
The world ethanol market stands enthused by rising consumption patterns in end-use markets. Fuel-ethanol is witnessing unprecedented interest encouraged largely by the ban on MTBE in several countries and its resulting replacement by ethanol. Regulatory riders imposed by most governments in the developed markets are additionally helping perk up demand for ethanol in fuels.
In the United States, the renewable fuels standard mandates the use of approximately 8 billion gallons of ethanol by the year 2012. The need to skirt stinging hikes in crude oil prices, reduce green house gas emissions, and lower international dependence on oil, is encouraging governmental intervention in fostering consumption of ethanol. For instance, consumption of ethanol will be upheld by government subsides, and incentives which are being offered at both the state and federal levels in most countries. The rising popularity of flexible fuel vehicles (FFVs) and oxydiesel, a blend of ethanol and diesel fuel, are also expected to bode well for the world ethanol market. Technology developments, which enable blending more than 10% ethanol in gasoline, is expected to result in increased consumption of ethanol in fuels. Development of new technologies and emergence of new end-use applications are expected to bring in new growth opportunities. United States and Brazil dominate world production of ethanol. Ethanol production is aligned with the yields of sugarcane crops, given the fact that over 50% of the world sugarcane produce is used in manufacturing ethanol.
As stated by the recent report published by Global Industry Analysts Inc., South America and the United States dominate the world ethanol market, together cornering over 66.5% of total volume sales estimated in the year 2008. About 90% of ethanol demanded in South America is consumed by Brazil. Ethanol consumption in Brazil is expected to reach 7.45 billion gallons by 2015. Sales of ethanol in Canada, one of the fastest growing markets worldwide, are expected to rise by approximately 208.25 million gallons between the period 2008 to 2012.
Global growth is forecast to be led by the use of ethanol in fuels. In the fuels end-use market, volume consumption of ethanol is projected to grow at double-digit rates, and rise by about 7,597 million gallons between the period 2008 to 2012. Asia-Pacific dominates the global food & beverage end-use market with a 64.2% share estimated in the year 2008. The solvent end-use market in the United States is projected to consume over 230 million gallons of ethanol by the year 2015. In Europe, Germany and France collectively account for 35.5% of the regional ethanol market as estimated in 2008.
Leading global and regional players operating in the industry include Abengoa Bioenergy Corporation, Açúcar Guarani S/A, AltraBiofuels, Ancom Berhad, Archer Daniels Midland Co, Aventine Renewable Energy Inc, Cargill Inc, Chief Ethanol Fuels Inc, Copersucar, Cosan S/A Ind e Comércio, Delta-T, Glacial Lakes Energy LLC, Greenfield Ethanol Inc, Green Star Products Inc, ICrystal Inc, MGP Ingredients Inc, Orkla As, POET Ethanol Products, Santelisa Vale, Sasol Ltd, Southridge Ethanol Inc, Tiger Renewable Energy Ltd, Usina São Martinho S/A, VeraSun Energy Corp, and White Energy Inc, among others.
The report titled "Ethanol: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Key end-use markets analyzed in the report include Solvent, Chemical Intermediate, Fuel, and Food & Beverage. Latent demand patterns in end-use markets are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, China, India, Brazil, Middle East & Africa, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/Ethanol_Market_Report.asp
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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