Please Wait.....
Report
Ethyl Alcohol (Ethanol) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 150 Pages I Mordor Intelligence
The ethyl alcohol (ethanol) market size is projected to register a CAGR of over 5% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2021. Beverage manufacturers are affected by the shortage of labor and raw materials essential for the production process. The demand is also expected to be affected by the uncertainties in consumer demand as pandemics have surged healthy food habits, and consumers are focusing on home dining as several governments have initiated preventive measures such as banning mass gatherings, especially in restaurants.
Key Highlights
Over the short term, major factors driving the growth of the market studied are the rising demand for ethanol as biofuel, the growing use in beer production and food processing, and stringent government policies to restrict the usage of fossil fuels. On the flip side, an increase in awareness about the ill effects of alcohol consumption and the advent of hybrid electric vehicles are likely to hamper the growth of the market studied.
The fuel segment dominated the market, and it is likely to grow during the forecast period, owing to the increased practice of ethanol blending with gasoline across the world.
The surging demand to produce ethanol from corn and sugar is likely to provide opportunities for the market studied during the forecast period.
North America dominated the market across the world due to increasing regulations and rising demand for the food processing industry.
Ethyl Alcohol (Ethanol) Market Trends
Automotive and Transportation Segment to Dominate the Market
Crude oil and natural gas have been the major sources of energy for the automotive industries for many decades. Due to the negative environmental impact of the increasing consumption of crude oil and natural gas worldwide, as well as the high prices of crude oil, biofuels, such as bioethanol, are considered the viable alternatives to crude oil and natural gas as fuel for the automotive industries.
Ethanol is the cheapest additive to petrol, with an octane rating of 114. It helps in reducing the cost for manufacturers and consumers. The ethanol market is directly affected by the consumption of fuel. Ethanol helps to reduce the emission of air toxins, carbon monoxide, particulate matter, nitrous oxides, and exhaust hydrocarbons by displacing aromatics in petroleum products.
According to the Ministry of Petroleum and Natural Gas, The Indian government is targeting a motor fuel blending rate of E10 (10:90 ethanol: gasoline) by 2022 and brought forward its ethanol E20 target to 2023.
European countries are majorly using 5% ethanol-blended fuel. The region is focusing on reducing the carbon dioxide emission from transportation through 10-20% ethanol blending based on the countries' infrastructure.
In the current market scenario, the United States is a net importer of petroleum to meet the energy demand in the country. About 98% of gasoline in the United States contains ethanol, typically E10. If ethanol had not been domestically produced and consumed, the consumption of petroleum would have been significantly higher in the United States, as transportation accounts for about 75% of the total petroleum consumption in the country.
Hence, all such trends in the market are likely to drive the demand for ethanol in the automotive and transportation segment during the forecast period.
North American Region to Dominate the Market
The North American region dominated the global market share. Stringent regulations toward reducing the usage of fossil fuels and rising demand from the food processing industry have been driving the demand for ethanol in the region.
The government in the countries such as the United States, Canada, and Mexico, have been focusing on reducing the usage of fossil fuels and the pollution caused by them. In this regard, the region has been resorting to ethanol-blended fuels, which serves as one of the major factors driving the growth of the ethanol market in the region.
The United States is the world leader in the production, consumption, and export of ethanol. Poet Biorefining is the largest ethanol producer in the United States. As of December 2021, the company had an ethanol production capacity of 2.7 billion gallons per annum across 33 plants in the Midwest.
According to US Energy Information Administration, the United States fuel ethanol production capacity was 17.5 billion gal/y as of January 1, 2021, as reported by 197 producers, an increase of 0.2 billion gal/y since the beginning of 2020. Thus, increased production and consumption capacities of ethanol are likely to boost demand for ethyl alcohol.
According to the Mexican Chamber of Cosmetic Products (CANIPEC), the Mexican cosmetics market was valued at around USD 7.14 billion in 2020 and held the 2nd position in the Latin American market and 10th in the world. Growing demand for premium skin care products, along with the need for a better lifestyle, is driving the market for personal care in the country, positively impacting the demand for ethyl alcohol.
Hence, all such market trends are expected to drive the demand for ethanol in the region during the forecast period.
Ethyl Alcohol (Ethanol) Market Competitor Analysis
The ethyl alcohol (ethanol) market is fragmented in nature. Some of the major players (not in any particular order) in the market include ADM, POET LLC, Valero, Green Plains Inc., and Bunge North America Inc.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Usage in the Automotive Industry
4.1.2 Increasing Government Initiatives
4.2 Restraints
4.2.1 Shifting Focus toward Biobutanol
4.2.2 Brazil's Ethanol Import Tax Increased to 20%
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Import Export Trends
4.6 Price Trends
5 MARKET SEGMENTATION
5.1 Grade
5.1.1 Food Grade
5.1.2 Industrial Grade
5.1.3 Pharmaceutical Grade
5.1.4 Lab Grade
5.2 End-user Industry
5.2.1 Automotive and Transportation
5.2.2 Food and Beverage
5.2.3 Pharmaceutical
5.2.4 Cosmetics and Personal Care (Includes hand-Sanitizer)
5.2.5 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Advanced BioEnergy LLC
6.4.2 The Andersons Inc.
6.4.3 ADM
6.4.4 Braskem
6.4.5 bp PLC
6.4.6 Cargill Incorporated
6.4.7 Flint Hills Resources
6.4.8 Green Plains Inc.
6.4.9 INEOS
6.4.10 HPCL Biofuels Limited
6.4.11 Kirin Holdings Company Limited
6.4.12 LyondellBasell Industries Holdings BV
6.4.13 Mitsubishi Chemical Corporation
6.4.14 Alto Ingredients Inc.
6.4.15 SABIC
6.4.16 Sasol Limited
6.4.17 POET LLC
6.4.18 Solvay
6.4.19 Valero
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Surging Demand to Produce Ethanol from Corn and Sugar
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security