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The global industrial ethanol market demand reached a volume of almost 116.9 billion litres in 2020. The demand is further expected to grow at a CAGR of 2.5% in the forecast period of 2021-2026 to reach a volume of almost 135.5 billion litres by 2026.
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From the total ethanol consumption, the non-fuel applications like chemicals, pharmaceutical, plastic, and beverage industries, which also include cosmetics, paints, cleaning products, and alcoholic drinks, contribute about 13-15% of the total applications. While fuel applications are the leading application segment for ethanol, industrial applications account for 7% of the total uses of the product. The Asia Pacific is the leading the industrial ethanol market, as it is the largest producer as well as the consumer of industrial-grade ethanol. The market is being driven by the rising demand for acetic acid from the paints, inks, and coatings sector, especially from countries like South Korea and China. The growing demand in the region is being satisfied by imports from the US, Pakistan, and Vietnam. It is followed by Europe, which has the second-largest consumption level for industrial-grade ethanol and has a broad base for personal care, pharmaceutical, and food and beverage industries.
In the industrial ethanol market, the solvents hold a significant share, i.e., 63%, which is expected to grow. Chemical intermediates are expected to grow at a slightly higher growth rate. Chemical intermediates such as acetic acid and acrylates are the key consumers of industrial-grade ethanol. Solvents includes the paints, inks, and coatings industry, which holds a significant share in the market, accounting for 17% of the total demand for industrial ethanol. The paints, inks, and coatings sector is followed by personal care and cleaning products segments.
Ethanol, also known as ethyl alcohol, can be synthetically derived from petrochemical feedstock like coal and oil derivatives or can be naturally derived from starch and sugar sources like sugar cane, maize, sugar beet, wheat, rye, and potatoes.
Ethanol finds its application in the following sectors:
Industrial ethanol further finds its applications in:
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market is expected to improve in Asia, Brazil and Europe owing to the demand from the solvents and chemical intermediates sector. Countries such as Pakistan and Vietnam are coming up with competitive volume, aided by the demand in the market and further enhancing the market growth. The industrial ethanol market is driven by the rise in the personal care, cleaning products, and food and beverage sectors as they impact the market significantly.
In North America, the market is being propelled by the treatment of industrial ethanol as a niche material. The growing consumer awareness about the usage of antibacterial products such as hand sanitizer and surface cleaners to prevent the spread and potential harm caused by bacteria and viruses is providing impetus to the market growth. These products are made using industrial-grade ethanol and are witnessing a significant demand, especially from the new-age consumers. In Europe, the rise in the demand from the vinegar and screen wash segment, which mostly uses REN grade ethanol, will drive the market. Pakistan will be the most likely importer for the material used in technical or screen wash end-use, instead of the beverage market. The market in Brazil is expected to increase due to fuel mandates.
There has been a shift in the demand dynamics in the major markets. In the United States, the export level has increased, whereas, in Brazil, a restriction has been imposed on exports in order to cater to the local demand. There is an increase in imports from China and now Pakistan. As a result, imports to Europe have decreased, which they usually buy from Pakistan. Pakistan prefers trading with China over Europe due to better logistics and lower export costs owing to the free trade agreements.
The report gives a detailed analysis of the following key players in the global industrial ethanol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Ethanol Market Overview
6.1 Figure: Global Ethanol Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Ethanol Market Breakup by Application
6.2.3 Food and Beverage
6.3 Figure: Global Ethanol Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.3 Food and Beverage
7 Global Industrial Ethanol Market Analysis
7.1 Figure: Global Industrial Ethanol Historical Market (2016-2020) & Forecast (2021-2026)
7.2 Chart: Global Industrial Ethanol Market Breakup by Application
7.2.1 Paints, Inks & Coatings
7.2.2 Personal Care
7.2.3 Cleaning Products
7.2.4 Food & Beverage
7.2.6 Acetic Acid
7.3 Figure: Global Industrial Ethanol Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
7.3.1 Paints, Inks & Coatings
7.3.2 Personal Care
7.3.3 Cleaning Products
7.3.4 Food & Beverage
7.3.6 Acetic Acid
7.4 Chart: Global Industrial Ethanol Market Breakup by Region
7.4.1 North America
18.104.22.168 United State of America
22.214.171.124 United Kingdom
7.4.3 Asia Pacific
7.4.4 Latin America
7.4.5 Middle East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
7.5 Figure: Global Industrial Ethanol Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
7.5.1 North America
220.127.116.11 United State of America
18.104.22.168 United Kingdom
7.5.3 Asia Pacific
7.5.4 Latin America
7.5.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
8 Global Ethanol Price Analysis
8.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
8.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
8.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
8.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
8.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
9 Global Trade Data Analysis (HS Code: 2207)
9.1 Major Exporting Countries: By Value and Volume
9.2 Major Importing Countries: By Value and Volume
10 SWOT Analysis
11 Porter’s Five Forces Analysis
11.2 Buyer’s Power
11.3 Supplier’s Power
11.4 New Entrants
11.5 Degree of Rivalry
12 Value Chain Analysis
13 EMR’s Key Indicators for Demand
14 EMR’s Key Indicators for Price
15 Procurement Strategy
15.1 Contract Model
15.2 Pricing Model
16 Cost Analysis
16.1 Cost of Raw Material
16.2 Utility Cost
16.3 Labour Cost
16.4 Other Cost
17 Competitive Landscape & Supplier Analysis
17.1 Archer Daniels Midland Company
17.1.1 Company Overview
17.1.2 Financial Analysis
17.2 Cargill Inc.
17.2.1 Company Overview
17.2.2 Financial Analysis
17.3 CropEnergies AG
17.3.1 Company Overview
17.3.2 Financial Analysis
17.4 Tereos S.A.
17.4.1 Company Overview
17.4.2 Financial Analysis
17.5 Unicol Limited
17.5.1 Company Overview
17.5.2 Financial Analysis
17.6 INEOS Solvents Germany GmbH
17.6.1 Company Overview
17.6.2 Financial Analysis
17.7 Alcool Ferreira SA
17.7.1 Company Overview
17.7.2 Financial Analysis
17.8.1 Company Overview
17.8.2 Financial Analysis
17.9 Thai Agro Energy Public Company Limited
17.9.1 Company Overview
17.9.2 Financial Analysis
18 Industry Events and Developments
Additional Customisations Available:
19 Manufacturing Process
19.1 Detailed Process Flow
19.2 Operations Involved
19.3 Mass Balance
20 Production Cost Analysis and Project Economics
20.1 Land, Location and Site Development
20.3 Plant Machinery
20.4 Cost of Raw Material
20.9 Other Capital Investment
The global industrial ethanol market demand attained a volume of nearly 116.9 billion litres in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 2.5%. The industrial ethanol market demand is projected to reach a volume of around 135.5 billion litres by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on application, the global industrial ethanol market can be segmented into paints, inks, and coatings, personal care, cleaning products, food and beverage, pharmaceuticals, acetic acid, and acrylate, among others, with paints, inks, and coatings accounting for the 17% of the total applications of the product. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the Asia Pacific leading the overall global market. The key players in the above industry are Archer Daniels Midland Company, Cargill Inc., CropEnergies AG, Tereos S.A., Unicol Limited, INEOS Solvents Germany GmbH, Alcool Ferreira SA, COFCO, and Thai Agro Energy Public Company Limited, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising personal care sector, and growing demand for surface cleaners are driving the growth of the industry globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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