Global Industrial Ethanol Market to Grow at a CAGR of 2.5% During 2024-2032, Aided by the Rising Demand in the Production of Chemical Intermediates

The global industrial ethanol industry is being driven by its growing demand in the production of chemical intermediates, such as acetic acid and acrylates, which serves as the key consumers of industrial-grade ethanol. Asia dominates the global industrial ethanol industry and serves as both the largest producer and consumer of industrial-grade ethanol, accounting for a significant share in the market. After Asia, Europe serves as the second-largest consumer market for industrial-grade ethanol owing to the rising product demand in the personal care, pharmaceutical, and food and beverage sectors. The demand for industrial ethanol is growing due to its increased use in the production of solvents, including inks and paints and coatings applications, accounting for nearly 17% of the global share.

The rapid advancements in technology, along with the development of new solutions, is further aiding the global industrial ethanol industry. In June 2018, Archer Daniels Midland Company (NYSE: ADM), a key player in the market, announced a collaboration with DuPont Industrial Biosciences in order to develop, produce, and market cellulase enzymes for operators of grain-based ethanol plants, encouraging the manufacturers to adopt the technology in order to utilise non-starch components of grains and other waste products to further produce biofuels like ethanol. In January 2018, Cargill, Incorporated, another key player in the industry, announced that it is manufacturing new products, including ethanol, at its Germany plant to meet the increasing product demand. Cargill is involved in the production and commercialisation of ethanol for industrial applications for use in products such as solvents, extractants, and intermediates, among others. Such developments are expected to drive the growth of the global industrial ethanol industry over the forecast period.

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Market Breakup by Application and Region:

• On the basis of application, the market is segmented into paints, inks and coatings, personal care, cleaning products, food and beverage, pharmaceuticals, acetic acid, and acrylate, among others.

• Region-wise, the global market for industrial ethanol can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing demand for the product to produce solvents and chemical intermediates is driving the growth of the industrial ethanol industry globally.

• Its growing demand in niche applications to produce antibacterial products, such as hand sanitizer or surface cleaners, is providing further impetus to the market growth.

• The growing end-use segments, such as personal care and cleaning products, among others, are providing a further boost to the industry. 

• The growing urbanisation, and rising disposable incomes, particularly in the emerging economies, are further supporting the growth of the industry.

Key Offerings of the Report:

• The EMR report gives a detailed overview of the global market for industrial ethanol, providing an insight into the applications and major regions of the product for the periods (2018-2023) and (2024-2032). 

• The report gives the regional historical (2018-2023) and forecast (2024-2032) price trends of industrial ethanol. 

• The global trade data analysis has also been provided in the report by EMR.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global industrial ethanol market are Archer Daniels Midland Company, Cargill, Incorporated, Tereos Participations, Unicol Limited, CropEnergies AG, Alcool Ferreira SA, COFCO, and INEOS Group Holdings S.A, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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