Ethanol Market Set for Robust Growth, Targeting USD 178.78 Billion by 2033
The global ethanol market is projected to reach a valuation of USD 178.78 billion by 2033, expanding at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2033. This growth is fueled by increasing demand for renewable biofuels, particularly in the transportation sector, alongside rising environmental concerns and government incentives promoting the use of cleaner energy sources.
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The ethanol market is projected to grow from US$ 114.02 billion in 2023 to US$ 178.78 billion by 2033, with a CAGR of 4.6% during the forecast period 2023 to 2033