The global ethanol market is characterized by the prominent presence of companies such as Solvay Group, Flint Hill Resources, LP, POET, LLC, Valero Energy Corporation, The Andersons, Inc., Green Plains, Inc., Pacific Ethanol, Inc., Mitsubishi Chemical Corporation, Cargill, Incorporated, and Archer-Daniels-Midland Company, finds Transparency Market Research (TMR). Players strive to tap on vast lucrative opportunities arising out of the burgeoning demand from several end-use industries, notably automobile and alcoholic beverages. Several manufacturers are focusing on technology advancements in production technologies to thrive.
The global market for ethanol stood at US$71.8 bn in 2017 and is anticipated to garner a revenue US$105.0 bn by end of the forecast period of 2017–2022. The global market is projected to rise at a CAGR of 7.9% during the period.
