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The market for ethanol was estimated at USD 89.10 billion in 2022, and from 2023 to 2030, it is expected to increase at a compound annual growth rate (CAGR) of 5.8%. Growing interest in using the substance as a biofuel is what is driving up demand for it. Another significant driver of industry expansion is the rise in alcohol use. Petrochemical and natural feedstocks can both be used to make ethanol. Natural sugars are fermented by yeast during the natural process. The surge in shale gas output has led to an increase in ethylene production. The market is anticipated to become overstocked with ethylene as oil output declines and new ethylene production facilities come online, which is anticipated to result in a decline in ethanol production.
Emerging ethanol uses are expected to provide up new business prospects for the major players in the global market. The aviation industry is concentrating on the study and creation of ethanol-blend fuels to lower overall costs and cut carbon emissions. In the upcoming years, it is anticipated that recent ethanol uses in ignition systems and emission control in the transportation industry would lead to improved chances. Additionally, use of ethanol-based hand sanitizers has grown due to the coronavirus outbreak, encouraging the expansion of the global market. As ethanol is good at eliminating germs, viruses, and fungus, the Centers for Disease Control and Prevention (CDC) advised against using it. Major corporations are being encouraged to increase the size of their manufacturing facility by the ample availability of raw materials for the production of ethanol in developing nations. Furthermore, ethanol production is supported by strict environmental rules for the usage of biofuels. Future target market growth is anticipated to be boosted by growing end-use applications in the beauty sector as a solvent and in various domestic applications.
The medical sector has experienced extraordinary growth due to the usage of ethanol in the production of drugs and treatments. As new competitors see the potential in the ethanol market, they are seizing this once-in-a-lifetime chance by taking calculated risks to increase their profits. Despite certain difficulties, current study shows a sharp rise in ethanol usage. With rising demand from the automotive and aviation industries, the growth chart is spectacular.
The urge to use ethanol as a biofuel is driving up demand for the substance. One of the main drivers of industrial growth is the rise in alcohol use. Either natural or petrochemical raw materials can be used to produce ethanol. During fermentation, natural sugars and yeast work together to ferment the sugars. The surge in shale gas supply is contributing to an increase in ethylene production. The ethanol business may experience an ethylene oversupply when oil production declines and new ethylene manufacturing facilities come online. As a result, ethanol production could decline.
In terms of type, ethanol is divided into synthetic and bioethanol. In terms of raw materials, ethanol is divided into the following categories: first generation feedstock (kernels and starchy crops biomass), second generation feedstock (lignocellulosic biomass), third generation feedstock (algal biomass), fourth generation feedstock (industrial waste CO2), and petroleum-derived chemicals. Rice, wheat, barley, potatoes, corn, sugarcane, and other edible food crops are the key components of first-generation bioethanol feedstock, as well as vegetable oils such soybean, sunflower, canola, olive, and mustard oils.
Although first-generation bioethanol has attracted interest in a number of nations, the viability of production is still in doubt because it competes with the food supply and uses up more land, which drives up the price of food. Although some of the problems with first-generation bioethanol feedstocks have been resolved, second-generation feedstocks still have some shortcomings.
Due to their many notable advantages over first- and second-generation feedstocks, third-generation bioethanol feedstocks are a promising feedstock. For instance, marginal land with a water environment, low cultivation costs, high conversion efficiency, and high energy density can be used to grow microalgae. The process of producing bioethanol from fourth-generation feedstock is still in its infancy. Automobiles, electricity generation, the chemical sector, etc. all use bioethanol.
One of the key market drivers is the use of ethanol as a biofuel. The automotive industry has experienced considerable growth in recent years and has encountered numerous challenges in reducing air pollution. To combat the issue of increased air pollution brought on by automobiles, ethanol is combined with gasoline up to quantities of 10% and 15%. The use of ethanol offers significant benefits in terms of higher thermal efficiency, better fuel economy, and assistance with cold starts throughout the winter. In terms of using ethanol as a biofuel, the U.S. and Brazil are at the top of the list globally.
Alcoholic drinks that include ethanol, which were once thought of as a premium offering, are now gradually evolving into a necessity that is present in the majority of families worldwide. The main factor driving expansion is the introduction of luxury goods to the market. The demand for premium offerings has increased as a result of rising disposable incomes and growing ingredient expertise. Premium alcoholic beverage sales increased by 5 to 6% in 2019.
Report Coverage
Global Ethanol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethanol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethanol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethanol market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethanol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethanol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Flint Hill Resources LP, Braskem, Andersons Ethanol Group, Archer Daniels Midland Company, Cargill Corporation, Aventine Renewable Energy, HPCL Biofuels Limited, Butamax Advanced Biofuels LLC, Advanced Bioenergy LLC, British Petroleum, United Breweries, Krin, The Andersons Inc., Stake Technology, VeraSun Renewable Energy, Alternative Energy Sources, Diago, Pure Energy Inc, Heineken, AB Miller, Pernod Richard
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethanol market based on the below-mentioned segments:
Global Ethanol Market, By Type
Synthetic Ethanol
Bioethanol
Global Ethanol market, By Application
Transportation
Energy
Chemical
Others
Global Ethanol Market, By Purity
Denatured
Undenatured
Global Ethanol market, Regional Analysis
Emerging ethanol uses are expected to provide up new business prospects for the major players in the global market. The aviation industry is concentrating on the study and creation of ethanol-blend fuels to lower overall costs and cut carbon emissions. In the upcoming years, it is anticipated that recent ethanol uses in ignition systems and emission control in the transportation industry would lead to improved chances. Additionally, use of ethanol-based hand sanitizers has grown due to the coronavirus outbreak, encouraging the expansion of the global market. As ethanol is good at eliminating germs, viruses, and fungus, the Centers for Disease Control and Prevention (CDC) advised against using it. Major corporations are being encouraged to increase the size of their manufacturing facility by the ample availability of raw materials for the production of ethanol in developing nations. Furthermore, ethanol production is supported by strict environmental rules for the usage of biofuels. Future target market growth is anticipated to be boosted by growing end-use applications in the beauty sector as a solvent and in various domestic applications.
The medical sector has experienced extraordinary growth due to the usage of ethanol in the production of drugs and treatments. As new competitors see the potential in the ethanol market, they are seizing this once-in-a-lifetime chance by taking calculated risks to increase their profits. Despite certain difficulties, current study shows a sharp rise in ethanol usage. With rising demand from the automotive and aviation industries, the growth chart is spectacular.
The urge to use ethanol as a biofuel is driving up demand for the substance. One of the main drivers of industrial growth is the rise in alcohol use. Either natural or petrochemical raw materials can be used to produce ethanol. During fermentation, natural sugars and yeast work together to ferment the sugars. The surge in shale gas supply is contributing to an increase in ethylene production. The ethanol business may experience an ethylene oversupply when oil production declines and new ethylene manufacturing facilities come online. As a result, ethanol production could decline.
In terms of type, ethanol is divided into synthetic and bioethanol. In terms of raw materials, ethanol is divided into the following categories: first generation feedstock (kernels and starchy crops biomass), second generation feedstock (lignocellulosic biomass), third generation feedstock (algal biomass), fourth generation feedstock (industrial waste CO2), and petroleum-derived chemicals. Rice, wheat, barley, potatoes, corn, sugarcane, and other edible food crops are the key components of first-generation bioethanol feedstock, as well as vegetable oils such soybean, sunflower, canola, olive, and mustard oils.
Although first-generation bioethanol has attracted interest in a number of nations, the viability of production is still in doubt because it competes with the food supply and uses up more land, which drives up the price of food. Although some of the problems with first-generation bioethanol feedstocks have been resolved, second-generation feedstocks still have some shortcomings.
Due to their many notable advantages over first- and second-generation feedstocks, third-generation bioethanol feedstocks are a promising feedstock. For instance, marginal land with a water environment, low cultivation costs, high conversion efficiency, and high energy density can be used to grow microalgae. The process of producing bioethanol from fourth-generation feedstock is still in its infancy. Automobiles, electricity generation, the chemical sector, etc. all use bioethanol.
One of the key market drivers is the use of ethanol as a biofuel. The automotive industry has experienced considerable growth in recent years and has encountered numerous challenges in reducing air pollution. To combat the issue of increased air pollution brought on by automobiles, ethanol is combined with gasoline up to quantities of 10% and 15%. The use of ethanol offers significant benefits in terms of higher thermal efficiency, better fuel economy, and assistance with cold starts throughout the winter. In terms of using ethanol as a biofuel, the U.S. and Brazil are at the top of the list globally.
Alcoholic drinks that include ethanol, which were once thought of as a premium offering, are now gradually evolving into a necessity that is present in the majority of families worldwide. The main factor driving expansion is the introduction of luxury goods to the market. The demand for premium offerings has increased as a result of rising disposable incomes and growing ingredient expertise. Premium alcoholic beverage sales increased by 5 to 6% in 2019.
Report Coverage
Global Ethanol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethanol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethanol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethanol market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Flint Hill Resources LP, Braskem, Andersons Ethanol Group, Archer Daniels Midland Company, Cargill Corporation, Aventine Renewable Energy, HPCL Biofuels Limited, Butamax Advanced Biofuels LLC, Advanced Bioenergy LLC, British Petroleum, United Breweries, Krin, The Andersons Inc., Stake Technology, VeraSun Renewable Energy, Alternative Energy Sources, Diago, Pure Energy Inc, Heineken, AB Miller, Pernod Richard |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Ethanol Market from 2021 to 2030.
- Market Forecast for Ethanol Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Ethanol competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Ethanol
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethanol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethanol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Flint Hill Resources LP, Braskem, Andersons Ethanol Group, Archer Daniels Midland Company, Cargill Corporation, Aventine Renewable Energy, HPCL Biofuels Limited, Butamax Advanced Biofuels LLC, Advanced Bioenergy LLC, British Petroleum, United Breweries, Krin, The Andersons Inc., Stake Technology, VeraSun Renewable Energy, Alternative Energy Sources, Diago, Pure Energy Inc, Heineken, AB Miller, Pernod Richard
Primary Target Market
- Market Players of Ethanol
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethanol market based on the below-mentioned segments:
Global Ethanol Market, By Type
Synthetic Ethanol
Bioethanol
Global Ethanol market, By Application
Transportation
Energy
Chemical
Others
Global Ethanol Market, By Purity
Denatured
Undenatured
Global Ethanol market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive ethanol market market research and competitor analysis for your business to help you develop more profound insights into the ethanol market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the ethanol market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.