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Ethanol is a compound which is manufactured by the fermentation of various biological
materials such as wheat, corn, wood, barley and sugarcane. Corn and starch based crops
are the most common materials used in ethanol production. This compound is miscible
with water and most of the organic solvent.
Ethanol is a very important element of various industries and used as a solvent for many
substances. It is because of wide range of applications such as perfumes, paints, lacquer,
and explosive, that, ethanol market is expected to grow at a very impressive rate in
coming years. It also finds its applications in beverages such as beer and wine, and is
gaining prominence as an alternative to gasoline fuel. Automotive industry has been a
prominent end user of ethanol over several years. Ethanol blends easily with gasoline
that is up to 5 to 30%. Ethanol blended with gasoline reduces air pollution and aids to
improve the performance of vehicle to great extent.
Ethanol Market: Drivers & Restraints
Ethanol is a vital component for automobiles industry owing to its usage as fuel and fuel
additive in automobiles. With growing population, rising demand for automobiles,
increasing disposable income, environment friendly nature, lower cost compared to the
traditional fuel and several benefits offered by ethanol, the demand for global ethanol
market is expected to show significant growth during the forecast period and especially
in automobile industry.
Browse Full Report@ http://www.futuremarketinsights.com/reports/ethanol-market
Alcoholic beverages industry is another prominent end use industry of ethanol market.
Growing demand for premium quality...