Growth Accelerated by Rising Demand for Biofuel Additives

 


Ethanol derivatives are largely used as biofuel additives to increase gasoline engine efficiency and performance. Ethanol derivatives such as ethyl tert-butyl ether (ETBE) and tert-amyl methyl ether (TAME) are blended with gasoline to replace lead and raise the gasoline's oxygen content. They octane boosting properties enhance fuel combustion in engines. The use of biofuel additives made from ethanol derivatives in increasing substantially owing to stringent vehicular emission norms and growing emphasis on renewable fuel sources.

The global Ethanol Derivatives Market is estimated to be valued at US$ 11.76 Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising demand for biofuel additives from the automotive industry has been a key driver of the Global ethanol derivatives market size over the past few years. Government regulations limiting vehicular emissions and policies promoting biofuel usage have encouraged higher blending of ethanol derivatives into gasoline. Additionally, ethanol derivative additives enhance fuel efficiency and performance of gasoline engines. With growing emphasis on curbing emissions and transitioning to cleaner transportation, the production and consumption of biofuel blended gasoline is expected to increase substantially during the forecast period. This will drive further demand for ethanol derivatives from the fuel additive manufacturing industry.

Segment Analysis

The global ethanol derivatives market is dominated by the ethyl alcohol segment which accounted for over 30% market share in 2024. Ethyl alcohol finds wide applications in beverages, pharmaceuticals, personal care products and other industries owing to its solvent properties. It is used as an antiseptic in manufacturing of medicines, as a preservative in cosmetics and also in alcoholic beverages production. This substantial use of ethyl alcohol across various end-use industries has propelled the growth of this segment in the global market.

Key Takeaways

The global ethanol derivatives market is expected to witness high growth over the forecast period of 2024-2031. The market is projected to grow at a CAGR of 6.4% during this period.

Regional analysis

North America dominated the global ethanol derivatives market in 2024 and is expected to maintain its leading position through 2031. Rising consumption of alcoholic beverages in countries like US and Canada has been a major factor driving the demand for ethanol derivatives in the region. Asia Pacific is expected to be the fastest growing regional market owing to growing pharmaceutical industry and increasing per capita incomes in major economies like India and China.

Key players

Key players operating in the ethanol derivatives market are Tesab Engineering Ltd., Terex Corporation, ThyssenKrupp AG, Metso Corporation, FLSmidth & Co. AS, McCloskey Equipment, Keestrack NV, Westpro Machinery Inc., Puzzolana Machinery Fabricators LLP, Astec Industries Inc., and Sandvik AB. Tesab Engineering Ltd. and Terex Corporation hold a significant share of the crushing equipment segment globally. Metso Corporation and FLSmidth & Co. AS are the leaders in grinding equipment.

Get More Insights On This Topic: https://www.newsstatix.com/ethanol-derivatives-market-size-share-analysis-2023-2030/


Comments

Post a Comment

Popular posts from this blog

Macrophage Marker Market Poised to Grow at a Robust Pace Due to Rising Demand in Medical Diagnostics

Image
  The macrophage marker market has witnessed significant growth in recent years owing to the growing applications of macrophage markers in medical diagnostics. Macrophage markers are proteins or cell surface receptors that are expressed by macrophages and are used to identify and study macrophages and their functions. Some of the key macrophage markers include CD14, CD68, CD163, CD206, and LAMP-3. These markers play a vital role in studying the functions of macrophages in various diseases like cancer, inflammatory disorders, and infectious diseases. The global macrophage marker market is estimated to be valued at US$ 295.15 million in 2024 and is expected to exhibit a CAGR of 2.7% over the forecast period of 2024-2030. The growing prevalence of various chronic and infectious diseases and increase in R&D spending for drug discovery are some of the key factors driving the demand for macrophage markers in recent years. Macrophage markers help in evaluating disease progression, drug
Read more

The global Cancer Diagnostics Market is growing at an accelerated pace

Image
  Cancer diagnostics involve various tests and procedures used to detect different types of cancers as early as possible to help improve treatment outcomes. From simple blood tests and imaging scans to biopsies and molecular testing, cancer diagnostics help doctors determine if an individual has cancer, where it is located in the body, if it has spread, and other important information. The growing incidences of various cancers like breast, lung, prostate and colorectal cancer globally have increased the demand for advanced and effective diagnostic procedures. Early detection is critical for cancers to treat them effectively and improve chances of survival. The global Cancer Diagnostics Market is estimated to be valued at US$ 59.1 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Immunohistochemistry is one of the key diagnostic trends gaining populari
Read more

Growth Accelerated by Rising Demand from Biomedical Research and Clinical Diagnostics

Image
  Chemiluminescence imaging is widely used technique for the detection of biomolecules. The technique offers advantages such as high sensitivity, minimal sample requirement and less incubation time. Chemiluminescence assays find wide application in various research areas such as oncology research, infectious disease research and reproductive health among others. Moreover, clinical diagnostics of conditions like cancer, liver disorders also rely on chemiluminescence technique for detection of biomarkers. Growing incidence of chronic diseases is propelling the demand for clinical diagnostic testing, thus favoring the growth of chemiluminescence imaging market. The global Chemiluminescence Imaging Market is estimated to be valued at US$ 13.2 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising demand from biomedical research and clinical diagnostics
Read more