Global Distillers Corn Oil Market to Grow with a CAGR of 4.88% through 2028
Surge in research and development activities is expected to drive the Global
Distillers Corn Oil Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Distillers
Corn Oil Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Distillers Corn Oil Market stood
at USD5.54 billion in 2022 and is anticipated to grow with a CAGR of 4.88% in
the forecast period, 2023-2028. The initiatives taken by government based on distillers
corn oil has led to favorable market conditions for the Global Distillers Corn
Oil Market. Several factors contribute to the growth of various distillers corn
oil market products.
One significant
and groundbreaking initiative currently underway is the amendment of the
Renewable Fuel Standard (RFS) regulations by the esteemed Environmental
Protection Agency (EPA) in the United States. In response to the ever-evolving
landscape of renewable fuels, the EPA has taken a momentous step forward by
introducing a new and comprehensive definition of "distillers sorghum
oil" while simultaneously replacing the existing references to
"non-food grade". This strategic move not only recognizes but also
solidifies the growing importance and relevance of distillers corn oil and its
related products within the renewable fuels sector. By embracing these changes,
the EPA is paving the way for further advancements and innovations in the realm
of renewable energy, ultimately contributing to a more sustainable and
environmentally friendly future.
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In recent years,
there has been a significant surge in research and development activities in
the distillers corn oil market. These efforts have yielded remarkable
advancements, particularly in the realm of ethanol production processes.
Researchers have tirelessly explored innovative methods to enhance the
efficiency of these processes, ultimately leading to substantial increases in
the yields of distillers corn oil. These breakthroughs have not only propelled
the market forward but have also opened up new possibilities for sustainable
and eco-friendly fuel production.
The Global
Distillers Corn Oil Market is segmented into distillation type, end user, regional
distribution, and company.
Based on its distillation type, the dry-milling distillery
segment held the largest share in the market. Dry-milling distilleries are
primarily focused on producing ethanol, a valuable fuel source with various
applications. As a byproduct of this ethanol production, dry-milling distilleries
also yield distillers dried grains with solubles (DCO), which have their own
uses and benefits. By specializing in ethanol production, dry-milling
distilleries can fine-tune their processes to maximize ethanol yield, thereby
indirectly enhancing the production of DCO. This symbiotic relationship between
ethanol and DCO underscores the efficiency and versatility of dry-milling
distilleries in the biofuel industry.
Based on region, North America segment is expected to
grow during the forecast period.
The increase in the ethanol-producing industries in
the US has resulted in a significant rise in the utilization of distillers corn
oil as a feedstock in biodiesel manufacturing. This shift in the market has
been driven by the growing demand for sustainable and renewable energy sources.
Interestingly, it is worth noting that approximately two-thirds of the
Distillers Corn Oil Market is currently captured by various US ethanol
bio-refineries, which are actively selling this valuable resource into the market.
This trend highlights the increasing importance of finding innovative solutions
to meet the ever-growing energy needs while promoting environmental
sustainability.
Major companies operating in Global Distillers Corn
Oil Market are:
- Archer-Daniels-Midland Co
- Green Plains Inc
- Cardinal Ethanol LLC
- Redfield Energy LLC
- POET LLC
- United Wisconsin Grain
Producers LLC
- Aemetis Inc
- Ace Ethanol LLC
- Patriot Renewable Fuels, LLC
- RPMG Inc.
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“Growing application of distillers corn oil in various
end user industries are key drivers of the distillers corn oil market. Growth
in competitive landscape and presence of well-established companies in the
market who are dedicated to enhance their productivity of distillers corn oil with
every passing year are anticipated to register an impressive growth to Global
Distillers Corn Oil Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Global Distillers Corn Oil Market By Distillation
Type (Dry-Milling Distillery, Wet-Mill Distillery, Others), By End User (Biodiesel
Manufacturing, Livestock Feed, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Distillers Corn Oil Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Distillers Corn Oil Market.
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