H1 2023: The major players in the Asia Pacific Ethanol market in H1 2023 were SDIC Bio Co., Ltd, Heilongjiang Hongzhan Biotechnology Co., Ltd., and COFCO Biochemical. In May 2023, Hindustan Petroleum Corporation Limited (HPCL) announced about a greenfield project of Ethanol which values USD 60 million (INR 500 crores). The plant will be located at Jeetpur Behri in Una district, Himachal Pradesh, India on a 30-acre plot. In the Asia Pacific region, Ethanol prices kept fluctuating during H1 2023. After the national Lunar Holidays, the Chinese market resumed business, still, the orders by the end-user industries were still low. Several downstream businesses reopened and there was ample of supply. Since prices were low, downstream demand was constrained. The downstream demand remained constant, but the buyers were reluctant to place orders in the Asian market. In the Chinese market, Ethanol prices continued to slump till June 2023. This was brought on by China's deflation issue and the country's delayed economic recovery. Additionally, sluggish demand from the biofuel business was caused by decreased exports from China together with weak demand from both the Chinese and foreign markets. A negative outlook on the ethanol market was also produced by a decrease in demand from the downstream industry in conjunction and falling feedstock prices. Additionally, because of sluggish demand, the plants were running at a lower rate.
The Asia Pacific Ethanol market has reached around 13.3 million tonnes in 2022 and is expected to grow at a CAGR of 5.34% during the forecast period until 2035.
In order to produce a variety of compounds, such as ethyl esters, ethyl halides, acetic acid, diethyl ether, and ethyl amines, ethanol is utilised as a solvent. The chemical industry uses ethanol as a solvent most frequently. It is used in the creation of many different items, including medicines, lacquers, polishes, paints, plastics, plasticizers, cosmetics, alcoholic beverages, and more. Since ethanol has antibacterial qualities, it is widely used in antiseptics, sanitizers, and anti-fungal treatments.
The market is growing as a result of the rising usage of ethanol as marine fuel. The rise in demand for industrial ethanol as an octane booster and the use of ethanol as fuel in cars and other vehicles are some of the key factors influencing the industry. Due to its use in numerous industries in the Asia Pacific region, the ethanol market is anticipated to grow more rapidly. Due to its flammability and clean burning capabilities as a fuel, the demand for ethanol is primarily coming from the fuel and additive industries. The demand for ethanol is expected to increase during the projected period due to its use as a solvent in the manufacturing of numerous chemicals. The population's growing knowledge of health issues and the desire for disinfectants will cause the demand for ethanol to rise even further in the future years.
The Asia-Pacific industrial ethanol market is also anticipated to be driven by the rising use of industrial ethanol in hand sanitizers and antibacterial solutions. Ethanol consumption is expected to reach around 162 million tonnes by 2035.
In the Asia Pacific region, the Ethanol market is divided into India, Indonesia, China, Thailand, and Rest of APAC. In the Asia Pacific region, ethanol is heavily used in the pharmaceutical business in India and China. It is an innovative programme for renewable energy that is cleaner and better adapted to reducing heavy imports of crude oil and petrochemicals in developing nations.
The Ethanol market is segmented into sectors based on the end usage such as Fuel and Fuel additive, Food & Beverages, Chemicals, Cosmetics & Personal Care Products, and Others. However, Fuel and Fuel Additive industry is the biggest end-user market of Ethanol, holding a share of approximately 42% of the market share in 2022. Because it has a higher octane rating than petrol, ethanol has better mixing properties. By mixing ethanol with petrol, you can increase thermal efficiency, improve fuel efficiency, and make it easier to start a car in cold weather. The chemical industry uses ethanol extensively because of its strong solvability capabilities.
Significant companies for Asia Pacific Ethanol are SDIC Bio Co., Ltd, Heilongjiang Hongzhan Biotechnology Co., Ltd., COFCO Biochemical, India Glycol Limited, Chini Mills Limited, Bajaj Hindusthan Limited, Triveni Engineering & Industries Limited, Shree Renuka Sugars Limited, Godavari Biorefineries Limited, Oasis Group, Shakumbari Sugar And Allied Industries Limited, Wallams (India) Agro Products & Power Limited, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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The objective of the Study:
•To assess the demand-supply scenario of Ethanol, which covers the production, demand, and supply of Ethanol around the globe.
•To analyze and forecast the market size of Ethanol.
•To classify and forecast the Asia Pacific Ethanol market based on end-use and regional distribution.
•To examine Asia Pacific competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Ethanol market.
To extract data for the Asia Pacific Ethanol market, primary research surveys were conducted with Ethanol manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Asia Pacific Ethanol market over the coming years.
ChemAnalyst calculated Ethanol demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the production of raw material to produce Ethanol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethanol manufacturers and other stakeholders
• Organizations, forums, and alliances related to Ethanol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethanol manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Asia Pacific Ethanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
13.3 million tonnes
Market size Volume by 2035
26 million tonnes
Growth Rate
CAGR of 5.34% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End-Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Fuel and its additives, Food & Beverages, Chemicals, Cosmetics & Personal Care Products, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
India, Indonesia, China, Thailand, and Rest of APAC
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Ethanol market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a real-time basis for Ethanol.
3. Capacity By Location
To better understand the regional supply of Ethanol by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Ethanol by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Fuel and its additives, Food & Beverages, Chemicals, Cosmetics & Personal Care Products, and Others) are creating a market and the forecast for the growth of the Ethanol market.
7. Demand by Region
Analyzing the change in demand of Ethanol in different regions, i.e., India, Indonesia, China, Thailand, and Rest of APAC, which can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Ethanol. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Ethanol.
10. Company Share
Figure out what proportion of the market share of Ethanol is held currently by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Ethanol.
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What is the expected Asia Pacific market size of Ethanol in terms of volume for 2035?
Ans:
The Asia Pacific market size of Ethanol is expected to reach approximately 26 million tonnes by 2035, with an expected CAGR of 5.34%.
Q2.
What are the major end-use industries of Ethanol?
Ans:
Ethanol is used in a wide range of end use industries including Fuel and its additives, Food & Beverages, Chemicals, Cosmetics & Personal Care Products, and Others.
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Ans:
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