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The global industrial ethanol industry is being driven by its growing demand in the production of chemical intermediates, such as acetic acid and acrylates, which serves as the key consumers of industrial-grade ethanol. Asia dominates the global industrial ethanol industry and serves as both the largest producer and consumer of industrial-grade ethanol, accounting for a significant share in the market. After Asia, Europe serves as the second-largest consumer market for industrial-grade ethanol owing to the rising product demand in the personal care, pharmaceutical, and food and beverage sectors. The demand for industrial ethanol is growing due to its increased use in the production of solvents, including inks and paints and coatings applications, accounting for nearly 17% of the global share.
The rapid advancements in technology, along with the development of new solutions, is further aiding the global industrial ethanol industry. In June 2018, Archer Daniels Midland Company (NYSE: ADM), a key player in the market, announced a collaboration with DuPont Industrial Biosciences in order to develop, produce, and market cellulase enzymes for operators of grain-based ethanol plants, encouraging the manufacturers to adopt the technology in order to utilise non-starch components of grains and other waste products to further produce biofuels like ethanol. In January 2018, Cargill, Incorporated, another key player in the industry, announced that it is manufacturing new products, including ethanol, at its Germany plant to meet the increasing product demand. Cargill is involved in the production and commercialisation of ethanol for industrial applications for use in products such as solvents, extractants, and intermediates, among others. Such developments are expected to drive the growth of the global industrial ethanol industry over the forecast period.
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The major players in the global industrial ethanol market are Archer Daniels Midland Company, Cargill, Incorporated, Tereos Participations, Unicol Limited, CropEnergies AG, Alcool Ferreira SA, COFCO, and INEOS Group Holdings S.A, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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