The South America Ethanol Derivatives market stood at nearly 165 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 4.36% during the forecast period until 2030.
Ethanol is utilized to make a variety of derived compounds known as ethanol derivatives. In order to produce a range of commodities, ethanol derivatives are employed in various industries such as chemical, pharmaceutical, food, and beverage industries. Ethyl acetate and acetaldehyde are two of ethanol's most prevalent derivatives. Ethyl acetate serves as a solvent component in paint solvents, thinners in adhesives, spread-coating compounds for faux leather, and cleaning products. Ethyl acetate is frequently used in the composition of a variety of substances, such as vinyl, cellulose, acrylics, urethanes, epoxies, and vinyl. Ethyl acetate is used as a solvent to produce paints and varnishes that are used to create shellac for wood furniture and fixtures, refinish cars, decorate ceramic objects, and coat the inside and exterior of buildings, among other things. Furthermore, Acetaldehyde is also used in the rubber-based products, tanning, and pulp industries as a solvent, flavouring agent, alcohol denaturant, in fuel formulations, and as a fish and fruit preservative. Other ethanol derivatives include ethylene and ethylene oxide. Ethylene is a versatile chemical which is used to make several types of plastics for further usage in a variety of industries, including packaging, consumer products, construction, automotive, and more. Furthermore, ethylene oxide is used as an intermediate for the production of ethylene glycol, fabrics, laundry detergent, polyurethane foam, solvents, medications, and adhesives.
The increased demand for paints and coatings across South America is the main factor driving the demand for ethanol derivatives. Due to its increased application in numerous important end-use industries, such as pharmaceuticals, the production of food and beverages, and fragrances, ethyl acetate is in greater demand as a solvent across South America. Additionally, the demand for ethanol derivatives as prominent solvents is also rising due to the increasing use of personal hygiene products across the regions. The Ethanol Derivatives market is expected to reach 220 thousand tonnes in the year 2030.
Based on region, the South America Ethanol Derivatives market is divided into Argentina, Brazil, Columbia, and Rest of South America. Although, Brazil dominates the Ethanol Derivatives market. This region consumed approximately 74% of the market in 2022 and is anticipated to retain its position in the market in the forecast period till 2030. Brazil is also the key player in terms of producing ethanol derivatives.
Based on the end-user industry, the South America Ethanol Derivatives market is segregated into Paints, Coatings & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others. end-use industries. Ethanol Derivatives are primarily consumed in the Paints, Coatings & Adhesives industry. In 2022, this industry held approximately 67% of the global market. To meet the rapidly rising need for public and commercial infrastructure, including motorways, harbors, telecoms, runways, water and drainage systems, education, and energy, the South America is currently in urgent need of several infrastructure projects which demand paints & coatings.
The only domestic player in the South America Ethanol Derivatives market is Braskem. Major players in the Global Ethanol Derivatives are Celanese Corporation, Laxmi Organic Industies Ltd, Jiangmen Handsome, Jiangsu Jinmaoyuan, India Glycols Limited, Jubliant Lifesciences, Jiangu SopoAnhui Huayi, 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 globe.
• To analyse and forecast the market size of Ethanol Derivatives
• To classify and forecast South America 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 globe.
To extract data for South America 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 South America Ethanol Derivatives market over the coming years.
ChemAnalyst calculated Ethanol Derivatives demand in the globe by analyzing the historical data and demand forecast which was carried out considering the end- use industries consuming Ethanol Derivatives. 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 policymakers
• 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 s 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, South America 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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165 thousand tonnes
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Market size Volume by 2030
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220 thousand tonnes
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Growth Rate
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CAGR of 4.36% 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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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Country, Demand by Sales Channel, Demand-Supply Gap,
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Segments covered
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By End-Use: (Paints, Coatings & 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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Argentina, Brazil, Columbia, and Rest of South America
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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.
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