The Global Ethanol Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Ethanol Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
Ethanol, or ethyl alcohol, is a colorless chemical compound with a good taste and odor. A rise in product innovations to make it more sustainable and increasing product demand from beverages, fuel and fuel additives, and solvents are the key factors projected to fuel market growth over the projected period.
Fortune Business Insights presents this information in their report titled " Ethanol Market, 2025–2032."
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Forecast Growth Projected:
The global ethanol market size was valued at USD 77.12 billion in 2023. The market is projected to grow from USD 71.79 billion in 2024 to USD 110.71 billion by 2032 at a CAGR of 4.6% during the forecast period.
Segments:
Growing Preference for the Renowned Method of Producing Synthetic Products Boosted Segment Growth
By type, the market is bifurcated into synthetic and biobased. The synthetic segment accounted for the larger ethanol market share due to the increasing preference for the renowned method of producing synthetic products by using petroleum-based raw materials.
Rapid Expansion of the Automotive Industry to Foster Fuel Segment Growth
In terms of application, the market is classified into fuel, industrial solvent, food & beverages, chemicals, and others. The fuel segment is set to lead the market during the forecast period with the rapid expansion of the automotive industry in the coming years.
From the regional ground, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment and prominent product categories. Moreover, the report offers valuable insights into market trends and significant industry developments. Apart from the factors above, the report includes many factors that have boosted market expansion in recent times.
List of the Key Players in the Ethanol Market:
- Cremer Oleo GmbH Co.KG (Germany)
- Alto Ingredients (Ireland)
- AGRANA Beteiligungs-AG (Austria)
- Archer Daniels Midland Company (U.S.)
- Cardinal Ethanol LLC (U.S.)
- POET LLC (U.S.)
- Sekab (Sweden)
- Nordzucker (Germany)
- Green Plains Inc. (U.S.)
- Marquis Energy (U.S.)
- Tereos (France)
Drivers and Restraints:
Increased Demand for Bio-based Products Due to Growing Environmental Awareness to Boost Market Progress
Traditionally, ethanol is produced from petroleum-based raw materials. The production of goods from crude oil-based raw materials is associated with carbon emissions. This is creating difficulties in complying with environmental rules imposed by governments of various countries and international organizations. This has boosted product manufacturers' emphasis on research & development and production from renewable raw materials obtained from plant sources. Hence, an increase in the manufacturing of bio-based products due to growing environmental awareness is bolstering market expansion.
Regional Insights:
Rapidly Increasing Personal Care Industry Accelerated Market Growth in North America
North America held the largest market share and was valued at USD 41.39 billion in 2022. The rapid expansion of the personal care industry and surging demand for disinfectants to prevent the spread of the coronavirus are driving market growth in the region.
Latin America is the second-leading region in the market. The rising adoption of bio-ethanol as an alternative to fossil fuel-based petroleum in the automotive industry is catalyzing market growth in the region.
Competitive Landscape:
Cargill Corporation, Ace Ethanol LLC, Grain Processing Corporation, and Shree Renuka Sugars Ltd. are some of the top manufacturers in the market. Industry leaders are focused on product innovation, acquisitions, and mergers to gain a strong foothold in the market.
Key Industry Developments:
July 2024 – CF Industries Holdings, Inc., a leading global producer of hydrogen, nitrogen products, and ammonia, announced a partnership with POET LLC, one of the largest biofuel and sustainable bioproduct producers. Together, they are launching a pilot project to explore the use of low-carbon ammonia fertilizer in corn production. The initiative aims to reduce the carbon intensity of ethanol derived from corn, aligning with the growing demand for ethanol that meets increasingly stringent low-carbon fuel standards.
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