Global Ethanol Market Analysis by Type, Raw Material, Application, Region and segments forecast till 2033
Market Overview
The global ethanol market, valued at USD 98,080 million in 2022, is projected to be valued at USD 142,720 million by 2033 expanding at a CAGR of 4.8% over the forecast duration of 2023-2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 98,080 Million |
Market Forecast in 2033 | USD 142,720 Million |
CAGR % 2023-2033 | 4.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Segments Covered | Type, Raw Material, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Pacific Ethanol, Inc., Cremer Oleo GmbH & Co. KG, AGRANA Group, Archer Daniels Midland Company, Raízen Energia S.A, POET, SEKAB, Nordzucker AG, Abengoa Bioenergía, Petrobras Biocombustíveis, Tereos, Soufflet Group, Attis Biofuels, ENVIRA, Ensus, Green Future Innovations Inc., Cargill, Vivergo, BP p.l.c., Flint Hills Resources,LLC, Green Plains, Inc., Wilmar International Limited, and Others. |
Global Ethanol Market: Description
Ethanol is an organic compound made from fermented agricultural products, such as grain, leafy vegetables, and animal waste. Ethanol, unlike other renewable fuel sources can be directly converted into liquid fuels that are also known as biodiesel fuels in order to meet automotive fuel demands.
Ethanol is mainly produced through fermentation of sugars and starch and with the help of the necessary bacteria and yeast. There are two ways in order to create ethanol. These are, directly by using the animals' waste and indirectly by using wood and pulp from forests or wood chips.
The direct expression of the alcohol is done by the distillation of the alcohol. While, the indirect expression of the alcohol is done through the process of trans esterification where the end products of the fermentation are treated with chemicals for the purpose of clarification and separation. It results in a mixture of sugars and starch, and also, other elements, such as nitrogen and phosphorous are added.
When the mixture is fermented then the yeast converts it into ethanol and the mixtures are transferred to a vat, wherein they undergo further treatment for a period of time and during that time the mixtures ferment even more that results in more ethanol.
The demand for ethanol market is driven by the growing usage of ethanol as a biofuel. Ethanol can be manufactured by natural as well as petrochemical feedstocks and is also used in the manufacturing of alcoholic beverages. Thus, the rise in consumption of alcoholic beverages is also boosting the ethanol market demand.
Both the processes are important for the manufacturing of ethanol. In the natural process of ethanol, the natural sugars are fermented in the presence of yeast. Ethylene production is on a rise because of the rise in shale gas production. As the oil output has reduced and new ethylene capacities have come online, the market is expected to overstock with ethylene that is expected to bring stagnancy in production of ethanol. Sugar mills have become one of the major avenues of ethanol production, globally. Ethanol from molasses is now accepted globally and the emerging countries are leading the race. The disinfectant and coalescing properties are driving the demand of ethanol production.
One of the major market drivers of ethanol is it being a biofuel. The automotive industry has grown rapidly over the past years and faced many problems also to control air pollution. Ethanol gets blended with gasoline up to concentrations of 10% and 15% in order to tackle the problem of rising air pollution which is caused by automobiles. Also, the addition of ethanol has provided major advantages, such as improved fuel economy, increasing thermal efficiency and also helps in cold during the winter season. U.S. and Brazil are the two countries that are leading the world, in terms of application of ethanol as biofuel.
Another major factor driving the market growth is the increase in commercialization of sustainable ethanol-to-jet projects. Also, the rise in production of ethanol can also offer lucrative opportunities to the ethanol market.
Global Ethanol Market- Segmental Analysis:
Type Insights
Synthetic Ethanol segment led the market with the highest market share in 2022, with more than 55% of the global revenue share
Raw Material Insights
The 1st Generation Feedstock segment led the market with the highest market share in 2022, with more than 55% of the global revenue share
Application Insights
Transportation is the largest segment on basis of application to have the highest market share. This is to reduce the air pollution that is boosting the segment.
Regional Insights
The major regions constituting the geographical ambit of this industry are North America, Europe, Latin America, Middle East & Africa, and Asia Pacific. Among these, North America is the leading market of ethanol on basis of region. North America as a region is also estimated to retain its leading position through the forecast duration of 2023-2033.
Competitive Analysis
The major players defining the competitive ambit of this business sphere are Pacific Ethanol, Inc., Cremer Oleo GmbH & Co. KG, AGRANA Group, Archer Daniels Midland Company, Raízen Energia S.A, POET, SEKAB, Nordzucker AG, Abengoa Bioenergía, Petrobras Biocombustíveis, Tereos, Soufflet Group, Attis Biofuels, ENVIRA, Ensus, Green Future Innovations Inc., Cargill, Vivergo, BP p.l.c., Flint Hills Resources,LLC, Green Plains, Inc., Wilmar International Limited, and Others.
· Green Plains Inc., one of the largest ethanol producers in the United States, announced planned in April 2021 to spin off its ethanol production business into a separate public company. The move is expected to create a more focused and efficient company that can better capitalize on growth opportunities in the ethanol industry.
Global Ethanol Market- Segmental Analysis
Based on type
• Synthetic Ethanol
• Bioethanol
Based on raw material
• 1st Generation Feedstock (kernels and starchy crops biomass)
• 2nd Generation Feedstock (lignocellulosic biomass)
• 3rd Generation Feedstock (Industrial waste CO2)
• 4Th Generation Feedback (Industrial waste CO2)
• Petroleum derived chemicals
Based on application
• Transportation
• Energy
• Chemical
• Others
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1. Global Ethanol Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Ethanol Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million) & Volume (Kilo Tons)
1.4. Global Ethanol Market Scope and Market Estimation
1.4.1. Global Ethanol Overall Market Size (US$ Million) & (Kilo Tons), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Ethanol Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Ethanol Market Segmentation
1.5.1. Type of Global Ethanol Market
1.5.2. Raw Material of Global Ethanol Market
1.5.3. Application of Global Ethanol Market
1.5.4. Key Regions of Global Ethanol Market
2. Global Ethanol Market - Executive Summary
2.1. Global Ethanol Market – Summary & Snapshot
2.2. Global Ethanol Market, By Type (US$ Million) & (Kilo Tons)
2.3. Global Ethanol Market, By Raw Material (US$ Million) & (Kilo Tons)
2.4. Global Ethanol Market, By Application (US$ Million) & (Kilo Tons)
2.5. Global Ethanol Market, By Geography (US$ Million) & (Kilo Tons)
2.6. Global Ethanol Market Outlook & Future Opportunities
3. Ethanol Market Trends, Outlook, and Factors Analysis
3.1. Global Ethanol Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Ethanol Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Regulatory push towards the production of bioethanol.
3.2.1.2. Increasing demand of ethanol as a fuel or fuel additive in the automotive industry
3.2.1.3. High consumption of processed, packaged, and frozen meals, as well as alcoholic beverages
3.2.2. Restraints
3.2.2.1. unavailability of high-end technology for ethanol production in developing economies
3.2.3. Opportunities
3.2.3.1. A ban on MTBE in several countries including the US
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Ethanol Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Ethanol Market
3.9.1. By Type
3.9.2. By Raw Material
3.9.3. By Application
3.9.4. By Regions
4. Global Ethanol Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Ethanol Market, 2020 – 2021 (US$ Million) & (Kilo Tons)
4.2. Global Ethanol Market, By Type, 2020 to 2021 (US$ Million) & (Kilo Tons)
4.3. Global Ethanol Market, By Raw Material, 2020 to 2021 (US$ Million) & (Kilo Tons)
4.4. Global Ethanol Market, By Application, 2020 to 2021 (US$ Million) & (Kilo Tons)
4.5. Global Ethanol Market, By Region, 2020 to 2021 (US$ Million) & (Kilo Tons)
5. Global Ethanol Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Ethanol Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global Ethanol Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Synthetic Ethanol
5.2.2. Bioethanol
Global Ethanol Market Estimates & Forecast Trend Analysis, by Raw Material
5.3. Global Ethanol Market Share (%) Estimates and Forecasts, by Raw Material, 2022 & 2033
5.4. Global Ethanol Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Raw Material, 2022 to 2033
5.4.1. 1st Generation Feedstock (kernels and starchy crops biomass)
5.4.2. 2nd Generation Feedstock (lignocellulosic biomass)
5.4.3. 3rd Generation Feedstock (Algal biomass)
5.4.4. 4th Generation Feedstock (Industrial waste CO2)
5.4.5. Petroleum derived chemicals
6. Global Ethanol Market Estimates & Forecast Trend Analysis, by Application
6.1. Global Ethanol Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
6.2. Global Ethanol Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Application, 2022 to 2033
6.2.1. Transportation
6.2.2. Energy
6.2.3. Chemical
6.2.4. Others
7. Global Ethanol Market Analysis and Forecast, by Region
7.1. Global Ethanol Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
7.2. Global Ethanol Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Region, 2022 to 2033
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East and Africa
7.2.5. Latin America
8. North America Ethanol Market: Estimates & Forecast Trend Analysis
8.1. North America Ethanol Market Assessments & Key Findings
8.2. North America Ethanol Market Share (%) Estimates and Forecasts, 2022 & 2033
8.3. North America Ethanol Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2022 to 2033)
8.3.1. By Type
8.3.2. By Raw Material
8.3.3. By Application
8.3.4. By Major Country
8.3.4.1. The U.S.
8.3.4.2. Canada
9. Europe Ethanol Market: Estimates & Forecast Trend Analysis
9.1. Europe Ethanol Market Assessments & Key Findings
9.2. Europe Ethanol Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. Europe Ethanol Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2022 to 2033)
9.3.1. By Type
9.3.2. By Raw Material
9.3.3. By Application
9.3.4. By Major Country
9.3.4.1. Germany
9.3.4.2. The U.K.
9.3.4.3. France
9.3.4.4. Italy
9.3.4.5. Spain
9.3.4.6. Rest of Europe (includes all other European countries)
10. Asia Pacific Ethanol Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Ethanol Market Assessments & Key Findings
10.2. Asia Pacific Ethanol Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Asia Pacific Ethanol Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2022 to 2033)
10.3.1. By Type
10.3.2. By Raw Material
10.3.3. By Application
10.3.4. By Major Country
10.3.4.1. China
10.3.4.2. Japan
10.3.4.3. India
10.3.4.4. ASEAN
10.3.4.5. South Korea
10.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
11. Middle East & Africa Ethanol Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Ethanol Market Assessments & Key Findings
11.2. Middle East & Africa Ethanol Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Middle East & Africa Ethanol Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2022 to 2033)
11.3.1. By Type
11.3.2. By Raw Material
11.3.3. By Application
11.3.4. By Major Country
11.3.4.1. GCC
11.3.4.2. South Africa
11.3.4.3. Egypt
11.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
12. Latin America Ethanol Market: Estimates & Forecast Trend Analysis
12.1. Latin America Market Assessments & Key Findings
12.2. Latin America Ethanol Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Latin America Ethanol Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2022 to 2033)
12.3.1. By Type
12.3.2. By Raw Material
12.3.3. By Application
12.3.4. By Major Country
12.3.4.1. Brazil
12.3.4.2. Mexico
12.3.4.3. Rest of Latin America (includes all other Latin America countries)
13. Competitive Landscape
13.1. Market Revenue Share Analysis (%), by Major Players (2021)
13.2. Market Competition Matrix, by Leading Players
13.3. List of Emerging, Prominent and Leading Players
13.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
14. Company Profiles
14.1. Pacific Ethanol, Inc.
14.1.1. Company Overview & Insights
14.1.2. Financial Performance
14.1.3. Type / Service Portfolio
14.1.4. Geographical Footprint & Share
14.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
14.2. Cremer Oleo GmbH & Co. KG
14.3. AGRANA Group
14.4. Archer Daniels Midland Company
14.5. Raízen Energia S.A
14.6. POET
14.7. SEKAB
14.8. Nordzucker AG
14.9. Abengoa Bioenergía
14.10. Petrobras Biocombustíveis
14.11. Tereos
14.12. Soufflet Group
14.13. Attis Biofuels
14.14. ENVIRA
14.15. Ensus
14.16. Green Future Innovations Inc.
14.17. Cargill
14.18. Vivergo
14.19. BP p.l.c.
14.20. Flint Hills Resources,LLC
14.21. Green Plains, Inc
14.22. Wilmar International Limited
14.23. Others
15. Assumptions and Research Methodology
15.1. Data Mining
15.2. Secondary Research
15.3. Primary Research
15.4. Subject Matter Expert Advice
15.5. Quality Check
15.6. Final Review
15.7. Data Triangulation
15.8. Bottom-Up Approach
15.9. Top Down Approach
15.10. Research Flow
15.11. Key Insights from Industry Experts
15.12. Data Applications
15.13. Assumptions
15.14. Limitations
16. Conclusions and Recommendations
16.1. Key Research Findings and Conclusion
16.2. Key Insights & Recommendations from Analysts
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