Ethanol is one of the most promising alternative fuels to be used entirely or in a blended form with gasoline as ethanol can be produced synthetically as well as biologically. Synthetic ethanol is readily synthesized from natural gas, coal, and ethylene, a by-product of petroleum. Synthetic ethanol from coal is half the cost of ethanol from the cane. Ethanol produced by fermentation of renewable food crops, such as sugarcane, maize, wheat, sorghum, beet, and other starches, is known as bioethanol. It is an eco-friendly alternative biofuel. The energy equivalent of bioethanol is lower than that of petroleum, but the combustion of bioethanol is cleaner as it contains oxygen that allows the engine for complete combustion of the gasoline when used in the blended form, resulting in fewer emissions and reducing the occurrence of environmental pollution.
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Companies covered in this report study:
Archer Daniels Midland Company, DowDuPont, BP PLC, Cropenergies AG, Petrobras, Pannonia Bio, Cristal Union, Alcogroup, Valero Marketing & Supply Company, and BlueFire Renewables Inc.
The top impacting factors of the market are the need to maximize engine efficiency and less CO2 emission from vehicles. However, increased demand for electric and hybrid vehicles eliminates the need for engine components that can hamper the growth of the market. Furthermore, increased demand for fuel-efficient and energy-saving vehicles is expected to create lucrative opportunities for the global ethanol car market.
Diesel engines tend to make a lot of noise;hence, buyers become uncomfortable at times. Even some of the most refined diesel engines can make a lot of noise when compared to a petrol engine. The governments of many developing countries are currently drawing efforts on enhancing the use of ethyl alcohol as an automotive fuel. However, manufacturers are now penetrating the lower segment vehicles to meet stringent noise emission norms,thereby driving the ethanol car market over the forecast period.
COVID-19 scenario analysis:
- Not every manufacturer is going to come out of this COVID-19 crisis intact.
- As the supply chain ramps up, the OEMs will gradually increase volumes. They will draw on their firsthand experiences from locations that have already resumed operations to inform decisions in their ethanol carmarket.
- The shutdown of OEM assembly plants had a pronounced ripple effect on the rest of the industry, with thousands of suppliers and sub-suppliers being directly impacted.
- There will be a slow restarting of operations, first for the plants and then for suppliers, with the plants that support the most profitable vehicles being the first to come back online.
- The industry is expected to face serious headwinds as restrictions on public life remain in effect, and continue to be in place for some time until the vaccine is found.
Engine encapsulation enhances the fuel economy of the vehicle by providing higher initial temperature to the engine and oils & lubricants while enhancing the quality of exhaust coming out of the vehicle. In addition, the growth of the automotive industry in India is another vital factor that is expected to enhance the consumption of the product over the years. Therefore, manufacturers are providing this addition in most of their vehicles, which is anticipated to propel the global ethanol car market over the forecast period.
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Questions answered in the market research report:
- Which are the leading market players active in the ethanol carmarket?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
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Contact Information:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 1-800-792-5285
Website: https://www.alliedmarketresearch.com/
