DUBLIN--(BUSINESS WIRE)--The "Fuel Ethanol Market Analysis by Product (Starch-Based, Sugar-Based, Cellulosic), by Application (Conventional Vehicles, Flexible Fuel Vehicles), by Region and Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
The global ethanol fuel market is expected to reach USD 115.65 billion by 2025, growing at a CAGR of 6.7%
Asia Pacific is estimated to witness a fast paced growth during the forecast period. China, India, and Philippines are the key countries that are considered to positively impact the industry growth in the future.
The government of India is currently drawing efforts on enhancing the use of ethyl alcohol as an automotive fuel. The National Policy on Biofuels was implemented in India in 2009, which stated that the oil manufacturing companies were required to distribute petrol blended with a minimum of 5% ethyl alcohol. Furthermore, this policy proposed a target of 20% increase in the blending rate by the end of 2017 in the country.
Growth of the automotive industry in India is another vital factor that is expected to enhance the consumption of the product over the years ahead. Government of India is focusing on making automobile sector as one of the major drivers of the Make in India' initiative. The manufacturing output of passenger vehicles is likely to reach approximately 9.4 million units by the end of 2026, as stated by the Auto Mission Plan (AMP) 2016-26.
Significant blending mandates in Australia, China, and Philippines are considered to drive the market demand during the forecast period. Australia currently has an E7 ethanol blending mandate implemented in New South Wales. Furthermore, Australia focuses on reaching a 10% biofuels mandate by the end of 2020. In China, nine provinces have proposed a 10% ethanol blends that include Jilin, Henan, Heilongjiang, Liaoning, and Anhui.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Fuel Ethanol Market Variables, Trends, & Scope
Chapter 4. Fuel Ethanol Market: Product Estimates & Trend Analysis
Chapter 5. Fuel Ethanol Market: Application Estimates & Trend Analysis
Chapter 6. Fuel Ethanol Market: Regional Outlook
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
- Archer Daniels Midland Company
- BlueFire Renewables, Inc.
- BP plc
- Cargill, Inc.
- E.I. du Pont de Nemours and Company
- Flint Hills Resources LP
- Green Plains Renewable, Inc.
- Jilin Fuel Ethanol Co., Ltd.
- Pacific Ethanol, Inc.
- Valero Energy Corporation
- Razen S.A.
Wilmar International Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/dp42fh/fuel_ethanol