[Online Quarterly Update] Global Ethanol demand is projected to grow at a healthy CAGR of 5.75%. Ethanol is also known as ethyl alcohol. Ethanol can be manufactured by both natural and petroleum feedstocks. In the natural process, natural sugars undergo fermentation in the presence of yeast to produce ethanol. Ethanol has application in fuel and fuel additives, industrial solvents, beverages, disinfectant, personal care, and others. Out of the following applications fuel and fuel additives dominate the global ethanol market. Ethanol is available in various grades including food grade, industrial grade, pharmaceutical grade, and lab grade. Based on purity the market can be segmented into denatured and undenatured ethanol. Rising demand for ethanol as biofuel coupled with the increasing consumption of ethanol in beverages such as beer etc. is expected to drive the demand of ethanol during the forecast period. Moreover, the increasing government initiatives for promoting usage of biofuels in terms of higher blending targets and replacement of fossil fuels with biofuels is another factor propelling demand growth during the forecast period. On the others hand, the increase in the awareness about ill effects of drinking alcohol and the growing demand of hybrid electric vehicles that do not require biofuel is expected to hinder the demand growth during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Renewable energy was among the affected industries during the pandemic. This had an impact on the demand of ethanol for the first half of 2020. Therefore, the demand for ethanol fell during the coronavirus pandemic due to halting of plants producing ethanol.
Region wise, North America region holds the major share of global demand for ethanol due to early adoption as biofuel and technological advancements. Increasing government initiatives are also a factor propelling the demand of ethanol as biofuel in North America.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of ethanol which covers production, demand and supply of ethanol market globally.
•To analyse and forecast the market size of ethanol .
•To classify and forecast global ethanol market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global ethanol market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global ethanol market.
•To identify and analyse the profile of leading players involved in the manufacturing of ethanol.
Major players for ethanol globally include United Breweries, Aventine Renewable Energy, AB Miller, Archer Daniels Midland Company, Kirin, Pure Energy Inc., British Petroleum, Cargill Corporation, and Others.
To extract data for global ethanol market, primary research surveys were conducted with ethanol manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for Global ethanol market over the coming years.
ChemAnalyst calculated ethanol demand globally by analyzing the historical data and demand forecast which was carried out considering imported ethanol, prices, materials used for production of ethanol . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing 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 (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global ethanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Market, by Application
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Fuel and Fuel Additives, Industrial Solvents, Beverages, Disinfectant, Personal Care
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Market, by Grade
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Food Grade, Industrial Grade, Pharmaceutical Grade, And Lab Grade
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Market, by Sales Channel
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Direct Company Sale, Direct Import, Distributors & Traders, Retailers
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Market, by Region
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North America, APAC, Europe, MEA, South America
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Available Customizations:
With the given market data, Chemanalyst offers customizations according to a company’s specific needs.
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