U.S. Ethanol Market Will Grow At Highest Pace Owing To Increased...

U.S. Ethanol Market Will Grow At Highest Pace Owing To Increased Blending Mandates

Posted 2024-03-26 13:20:36

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The U.S. ethanol market provides a clean-burning, high-octane fuel option that aids in reducing greenhouse gas emissions from the transportation sector. Produced from corn and other plant materials, ethanol is blended with gasoline to increase its oxygen content. This improves combustion and allows engines to burn fuel more completely. Ethanol blending reduces petroleum imports and supports domestic employment by increasing demand for feedstocks.

The global U.S. ethanol market is estimated to be valued at US$ 32.70 billion in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the U.S. Ethanol Market Growth are Boehringer Ingelheim, Zoetis, MSD Animal Health (Merck Animal Health), Elanco Animal Health, Ceva Santé Animale, Virbac, Bayer Animal Health, Vetoquinol, Huvepharma, IDT Biologika, Merial (now part of Boehringer Ingelheim), Heska Corporation, Dechra Pharmaceuticals, Phibro Animal Health, Neogen Corporation. These companies collectively account for a substantial share of the market. Boehringer Ingelheim, Zoetis, and MSD Animal Health are among the three largest players in the industry.

Growth is strongest in the Western United States. While the market size remains smaller currently due to limited local production, states like Colorado and California are witnessing rapidly growing consumption of ethanol-blended gasoline aided by their low-carbon fuel standards. Several new ethanol plants are also being planned or expanded in the Rockies and Western regions to cater to this rising demand from population centers like Denver, Phoenix, Las Vegas and the entire West Coast. With their focus on renewable blending mandates, the Western states are emerging as important high growth territories for the U.S. ethanol market.

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