Ethanol Market by Type (Synthetic and Bio-based) and Application (Food & Beverage, Industrial Chemical, Personal Care, Fuel & Fuel Additive, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026633 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 95 billion mark in 2022 and is expected to hit US$ 140 billion by 2030, recording a CAGR of 4.5% during the forecast period.

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Ethanol market has been significantly growing with the increasing its demand from various industries

There is a rising consumption of alcoholic beverages and this is supporting the growth of the ethanol market. Ethanol is used in the production of alcoholic drinks from fruit and wine, several types of brandy and a number of liqueurs. In addition, ethanol also find application in food industry as in the process of extraction of different flavors and essences. It is also used as a preservative for various food products. Further, there is high demand for ethanol which is driven by growing its usage as a biofuel. The bio-based segment is expected to pace up with the growing its use in different applications. Further, synthetic segment is also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into synthetic and bio-based.  On the basis of application, the market is segmented into food & beverage, industrial chemical, personal care, fuel & fuel additive, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Strong growth of the market in North America

The strong growth of the market in the region is due to larger-scale production of bioethanol and growing demand for bioethanol in the region. There is a high demand for different ethanol fuel blends. The countries such as the US have mandated the use of bioethanol blends in vehicles. Further, ethanol demand from various food related applications is also growing.

High demand for bioethanol from transportation sector

The growing demand for bioethanol is attributed to factors such as increasing use of bioethanol fuel blends in different countries, and increasing focus on reducing greenhouse gas emissions and increasing the fuel efficiency of vehicles. Owing to a rise in global temperatures, fuel industries have searched for alternative energy sources that help lower emissions rates in combustion engines. Bioethanol is a potential alternative energy source. it benefits current engines and fuel processes by serving as an alternative to regular petrol in engines. These factors are fuelling the demand for bioethanol from the transportation sector.

Recent strategic developments in ethanol market

The ethanol market has undergone several significant developments, and a few of these have been mentioned below:

  • According to the news released in September 2022, Indian state-owned Krishak Bharati Cooperative (Kribhco) is planning to invest Rs10bn ($125.3m) to set up three ethanol plants over the next three years.
  • In 2021, Clariant opened its first commercial-scale plant for the production of cellulosic ethanol based on the sunliquid technology. The plant is having an annual capacity of 50,000 tonnes of cellulosic ethanol, and is located in Podari, near Craiova, in the southwestern part of Romania.
  • According to the news released in December 2021, Verbio’s new biorefinery has begun operations in the US state of Iowa and this newest refinery will produce bioethanol.

The ethanol market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Archer Daniels Midland Company; Cargill, Incorporated; LyondellBasell Industries Holdings B.V.; Sabic; and Sasol are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Ethanol related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industries of ethanol
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Synthetic
  • Bio-based
  • Application
  • Food & Beverage
  • Industrial Chemical
  • Personal Care
  • Fuel & Fuel Additive
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Archer Daniels Midland Company
  • Cargill Inc.
  • LyondellBasell Industries Holdings B.V.
  • Sabic
  • Sasol

The List of Companies
- Archer Daniels Midland Company
- Cargill Inc.
- LyondellBasell Industries Holdings B.V.
- Sabic
- Sasol

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