Fuel Ethanol Market Growth and Forecasts To 2022: Grand View Research, Inc

Fuel ethanol market witnessed high growth in North America over the past few years on account of stringent regulations implemented by regulatory agencies to use ethanol as an additive to automobile fuel. Increasing application of fuel ethanol as a biofuel additive to gasoline is anticipated to boost market growth over the forecast period. Addition of fuel ethanol to motor fuel improves fuel efficiency which is anticipated to boost fuel ethanol market growth over the next six years. Raw materials used in the production of fuel ethanol include corn, sugarcane potato crops and biomass. Increasing use of biomass over fuel ethanol in generation of electricity may hamper fuel ethanol market over the projected period. End-use industries of fuel ethanol include automobiles, aviation, agriculture, and industrial. Automobile industry was the largest market for fuel ethanol over the past few years on account of supporting government regulations and this trend is anticipated to continue over th
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