Ethanol Market Witness a Sustainable Growth Research Report by Key Players Analysis
The Global Ethanol Market is expected to reach USD 137.14 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the rapid replacement of leaded fuel with ethanol additives and the availability of inexpensive feedstock for the production of ethanol fuel. Ethanol fuel is a less expensive energy source since, production of fuels using wastes of corn, sugar cane or grains is more economical as compared to fossil fuels, which can be a bane to the economy of most countries, especially, and developing countries who cannot afford to explore them. Thus, the adoption of ethanol as a fuel by these growing economies can boost the market for Ethanol. Moreover, global warming which is caused by constant emission of hazardous greenhouse gases from the use of fossil fuels, such as natural gas, oil, and coal, which are resulting in catastrophic effects including rising sea levels, weather pattern changes, and excessive heat. Combustion of ethanol fuel o