PUBLISHER: Market Research Future | PRODUCT CODE: 1677728
PUBLISHER: Market Research Future | PRODUCT CODE: 1677728
Report on North America Non-Fuel Ethanol Market Research by Feedstock (Renewable and Non-renewable),by {Application (Alcoholic Beverages Production, Solvents and Chemical Intermediates, Disinfectants and Sanitizers, Others (Printing Inks, Cleaning Products, etc.)}, by Type {(Extra Neutral Ethanol (EN), Neutral Ethanol, Bioethanol, Others (Anhydrous Ethanol, Denatured Ethanol, etc.)}, by End Use Industry (Cosmetics, Pharmaceuticals, Chemicals, Food & Beverages, Automotive, Others (Household, Agriculture, etc.)) Forecast to 2032
The North America Non-Fuel Ethanol Market is expected to grow at a CAGR of 7.04% during the review period.
The chemical sector is seeing a significant increase in demand for ethanol due to a number of factors that emphasize its versatility and eco-friendly nature. Ethanol is an important feedstock for the production of a variety of chemicals, including acetic acid, ethyl acetate, and many others that are used to make solvents, polymers, and medications. As companies focus on sustainability, demand for ethanol sourced from renewable sources is increasing, in line with attempts to reduce dependency on fossil fuels and lower carbon footprints. This change is accelerated by increased environmental restrictions and customer awareness of the need of sustainable manufacturing techniques. Furthermore, the use of ethanol as a solvent in a variety of applications, such as paints, coatings, and cleaning solutions, has grown in popularity as manufacturers prioritize eco-friendly formulas.
Ethanol is widely employed in the food and beverage business due to its numerous applications, and this feature is positively influencing its demand in this sector. Its use as a preservative and flavoring agent is critical since it helps to extend the shelf life and taste of numerous types of food goods. Furthermore, its ability to act as a solvent for flavor extraction aids in the production of high-quality food products. Furthermore, the growing popularity of ready-to-drink beverages has increased the usage of ethanol as a crucial ingredient, as it contributes to the necessary alcohol concentration while also improving flavor profiles. Furthermore, the development of health-conscious consumers is prompting manufacturers to reformulate products, and ethanol offers a potential approach for developing low-alcohol or alcohol-free alternatives without sacrificing taste.
The non-fuel ethanol market is divided into two segments based on feedstock: renewable and nonrenewable.
The non-fuel ethanol market is divided into four types: extra neutral ethanol (EN), neutral ethanol, bioethanol, and others (anhydrous ethanol, denatured ethanol, and so on).
The market is divided into three grades: pharmaceutical grade, industrial grade, and others.
The non-fuel ethanol Market is divided into four segments based on applications: alcoholic beverage production, solvents and chemical intermediates, disinfectants and sanitizers, and others (printing inks, cleaning products, etc.).
The Market has been divided into end-use industries such as cosmetics, pharmaceuticals, chemicals, food and beverages, automotive, and others (household, agriculture, and so on). The market has been split by country: the United States, Canada, and Mexico.
Cargill, Incorporated, LyondellBasell, INEOS, Tereos, Poet Biorefining, SASOL, Valero Energy Corporation, Archer Daniels Midland, BlueFire Renewables Inc., and Alto Ingredients, Inc. are the major competitors in the non-fuel ethanol market.