The Germany Ethanol Derivatives market has projected an expansion to reach approximately 20 thousand tonnes in 2022 and is expected to grow at an impressive CAGR of 3.96% during the forecast period until 2030. In December 2022, CropEnergies AG announced the construction of a greenfield expansion for the synthesis of renewable ethyl acetate at Zeitz Chemical and Industrial Park, Elsteraue, Germany. The plant lies in the range of EUR 120 and EUR 130 million. The plant is anticipated to be commissioned by the summer of 2025 with an annual production capacity of 50 thousand tonnes of renewable ethyl acetate per annum using sustainable ethanol.
The consumption of Ethanol derivatives in Germany has high potential in the forecasted period backed by the rising number of investments in its downstream industries such as Cosmetics, Paint & Coating, Pharmaceuticals, etc. The two main compounds that fall into the category of ethanol derivatives are ethyl acetate and acetaldehyde. It is released during the production of synthetic leather and silk, as well as during the making of photographic plates and films. Ethyl acetate serves as a solvent in base coats, nail polish remover, nail polish, nitrocellulose, dry cleaning, stains, lacquers, varnishes, and other materials. Ethyl acetate is also used in the decaffeination of coffee and tea and also as a flavoring agent. Acetaldehyde acts as an intermediate in the manufacture of insecticides, fragrances, drugs, and dyes. Furthermore, owing to its eco-friendly attributes and ideal properties, it is expected to raise its preference significantly over other available alternatives in the forecasted period. The market is estimated to reach 26 thousand tonnes by 2030.
Based on region, the Germany Ethanol Derivatives market is divided into Southwest, Southeast, Northeast, and Northwest. Among these, Southwest is the leading consumer of Ethanol Derivatives and held a market share of approximately 50% which includes cities like Mannheim, Karlsruhe, Stuttgart, Freiburg, and Heidelberg. Furthermore, Southeast Germany is also a prominent consumer of Ethanol Derivatives.
Based on the end-user industry, the Germany Ethanol Derivatives market is segregated into Paints, Coating & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others. Although, the Paints, Coating & Adhesive industry is dominating the Ethanol Derivatives market in Europe and accounted for consumption of nearly 61% in 2022. Paints, Coating & Adhesive are expected to remain the major application of Ethanol Derivatives even in the forecasted period.
Currently, there is only one domestic producer of Ethanol Derivatives in Germany which is CropEnergies AG. Other major players in the Europe Ethanol Derivatives market are Taco Chemical Company, Adokim Chemical Company, Sekab BioFuels and Chemicals AB, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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Objective of the Study:
• To assess the demand-supply scenario of Ethanol Derivatives which covers production, demand and supply of Ethanol Derivatives market in the Germany.
• To analyse and forecast the market size of Ethanol Derivatives
• To classify and forecast Germany Ethanol Derivatives market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethanol Derivatives market in the Germany.
To extract data for Germany Ethanol Derivatives market, primary research surveys were conducted with Ethanol Derivatives 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 Germany Ethanol Derivatives market over the coming years.
ChemAnalyst calculated Ethanol Derivatives demand in Germany by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Ethanol Derivatives across the Germany. 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 Derivatives manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethanol Derivatives 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 Derivatives 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, Germany Ethanol Derivatives market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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20 thousand tonnes
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Market size Volume by 2030
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26 thousand tonnes
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Growth Rate
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CAGR of 3.96% from 2023 to 2030
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2030
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2030
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Report coverage
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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
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Segments covered
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By End-Use: (Paints, Coating & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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Southwest, Southeast, Northeast, and Northwest
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com