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Ethanol - Global Market Trajectory & Analytics

  • ID: 354875
  • Report
  • September 2020
  • Region: Global
  • 568 Pages
  • Global Industry Analysts, Inc
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The global market for Ethanol is projected to reach US$105. 2 billion by 2025, driven by sustained increase in demand from biofuel and food & beverage industries. Growing consumer awareness about eco-friendly products and supportive government policies are also driving growth. Ethanol use in industries such as automotive, chemicals, food & beverages, personal care & cosmetics, and pharmaceuticals is continuing to grow. The focus on technology advancements and development of low cost feedstock is also favoring growth. Regulatory frameworks and policies are also in place in several countries for guiding and promoting the usage of biofuels in regional transportation sectors. Skyrocketing crude prices and increasing concern of greenhouse gases are expected to boost the demand for ethanol both in the developed and developing countries over the next several years. Additionally, a ban on MTBE in several countries including the US is another boon for the ethanol market. A major factor fueling growth in ethanol market is the rising prominence of ethanol as a fuel or fuel additive in the automotive industry. The rising consumption of ethanol as a fuel is being spurred by economic, political, and social factors. The growing efforts of governments around the world to cut down reliance and slash costs associated with fossil fuel, the increased focus on reducing greenhouse gas emissions, and enhanced emphasis on developing new economies involving the use of indigenous resources is giving impetus to the fuel ethanol market. Growing concerns over the environmental damage caused by fossil fuel usage is driving demand for alternative bio-based fuels, thus driving growth in ethanol market. The adoption of regulations to promote ethanol use is also leading to high demand for ethanol as biofuel. The use of ethanol as a fuel additive to conventional fossil fuels is also presenting significant growth opportunity for ethanol market. The growing trend towards blending ethanol with gasoline is aiding market growth. With the auto industry looking for ways to reduce environmental impact, the demand for ethanol as fuel and fuel additive is expected to continuing gaining traction in the years ahead. The eco-friendly and renewable nature of ethanol and the lower emissions associated with the fuel are contributing to the growing importance of ethanol fuel. Compared to gasoline, ethanol benefits from a higher octane number, which imparts premium blending properties. As a result, low octane gasoline is combined with a 10% ethanol to achieve the 87 octane standard. Ethanol fuel offers advantages due to the low carbon monoxide products compared to gasoline-powered engines. The addition of ethanol to fuel is also being propelled by its ability to burn much cleaner than pure gas, thus facilitating in reducing carbon footprint. In California, for instance ethanol has replaced MTBE (methyl tertiary butyl ether) as an additive to gasoline. Potential changes in legislation related to the use of diesel fuel can spur demand for gasoline and hence ethanol. In Europe, meanwhile, the changing rules related to taxation of fuels to take into consideration CO2 emissions and energy content can prove advantageous for the gasoline market, thus spurring growth in ethanol demand. With the use of ethanol as a fuel additive continuing to grow in gasoline engines, the rise in automobile production will encourage growth in the market.

Competitors identified in this market include, among others:
  • Archer Daniels Midland Company
  • BP plc
  • Cargill, Inc.
  • Flint Hills Resources, LLC
  • Green Plains, Inc.
  • INEOS
  • LyondellBasell Industries N. V.
  • Mitsubishi Chemical Corporation
  • Pacific Ethanol, Inc.
  • POET LLC
  • Raízen S. A.
  • The Andersons, Inc.
  • Valero Energy Corporation
  • VERBIO AG
  • Wilmar International Limited.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Ethanol Market: Market Prospects and Outlook
  • North America: The Leading Regional Market for Ethanol
  • An Introduction to Ethanol
  • Physical and Chemical Properties of Ethanol
  • Common Grades of Ethanol
  • Sources of Ethanol
  • Corn: A Major Source of Fuel-Ethanol
  • Sugarcane: Another Major Ethanol Source
  • Cellulosic Materials for Ethanol Production
  • Other Sources
  • Applications of Ethanol
  • Ethanol Production Scenario
  • Global Fuel Ethanol Production for 2019
  • Leading Fuel Ethanol Producers Globally in Million Gallons: 2019
  • Global Ethanol Production Breakdown by Country/Region: 2019
2. FOCUS ON SELECT PLAYERS
  • Archer Daniels Midland Company (USA)
  • BP plc (UK)
  • Cargill, Inc. (USA)
  • Flint Hills Resources, LLC (USA)
  • Green Plains, Inc. (USA)
  • INEOS (UK)
  • LyondellBasell Industries N.V. (Netherlands)
  • Mitsubishi Chemical Corporation (Japan)
  • Pacific Ethanol, Inc. (USA)
  • POET LLC (USA)
  • Raízen S. A. (Brazil)
  • The Andersons, Inc. (USA)
  • Valero Energy Corporation (USA)
  • VERBIO AG (Germany)
  • Wilmar International Limited (Singapore)
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Ethanol as Fuel Spurs Market Prospects
  • Increasing Trend towards Ethanol Blending with Gasoline Fuels Market Prospects
  • Growth of Automotive Industry Spells Opportunities for Ethanol Market
  • Global Passenger Car Sales (In Million Units) for the Years 2010 - 2024
  • Increasing Use of Ethanol in Food Processing and Beer Production Spurs Market Growth
  • Global Alcoholic Beverages Consumption (In Billion Liters) for the Years 2018, 2020 & 2022
  • Global Beer Production (In Billion Hectoliters) for the Period 2015-2019
  • Global Wine Production in Million Hectoliters for the Years 2010 to 2018
  • Demand for Ethanol Poised to Grow from Fuel Cells Applications
  • Issues & Challenges Hindering Growth in Fuel Ethanol Market
  • High Production Costs Deter Global Adoption
  • Established Image and Wider Availability of Petroleum-based Fuels
  • Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
  • Growing Share of Natural Gas in the Energy Mix
  • Rising Importance of Electric Vehicles
  • Global Electric Vehicles Sales in Million Units (2015-2040)
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Ethanol Market: Biofuel Industry and Beverages Market Foster Demand
  • Global Biofuel Mandates Present Growth Opportunities to Overcome Weak Domestic Demand
  • Ethanol Production Capacity in the US by State (in Million Gallons per Year)
  • Number of Installed and Under Construction Ethanol Bio-refineries in the US (As of January 2019)
  • Fuel Ethanol Production Capacity in the US (in Billion Gallons Per Year) for the Period 2015-2019
  • Market Analytics
CANADA

JAPAN

CHINA
  • China Suspends 2020 Ethanol Fuel Content Mandate
  • Fuel Ethanol Production in China (in 000 liters): 2010-2019
  • Fuel Ethanol Consumption in China (in 000 liters): 2010-2019
  • Market Analytics
EUROPE
  • Renewable Energy Targets Drive Demand for Fuel Ethanol in the EU
  • Ethanol Production Capacity and Production Volume in Million Liters for the Period 2012-2019
  • Leading Fuel Ethanol Producers in the EU by Country (in Million Liters) for 2012, 2015 and 2019
  • Market Analytics
FRANCE
  • Biofuel Blending Mandate to Improve Ethanol Demand
  • Market Analytics
GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA
  • Ethanol Market in India: An Overview
  • India Production Capacity of Ethanol (in Million Liters): 2015-2019E
  • Market Analytics
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA
  • Market Overview
  • Latin America Biofuels Consumption (in % Volume) by Biofuel Type for the Year 2019
  • Market Analytics
ARGENTINA

BRAZIL
  • A Major Producer and Consumer of Ethanol
  • Brazilian Biofuels (Fuel Ethanol and Biodiesel) Consumption (in % Volume) for the Year 2019
  • Governmental Programs Stimulate Progressive Expansion in Ethanol Market
  • RenovaBio to Steer Next Wave of Growth
  • US Mandate to Increase Biofuel Utilization Helps Brazilian Ethanol Producers
  • Market Analytics
MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 93
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The world ethanol market stands enthused by rising consumption patterns in end-use markets. Fuel-ethanol is witnessing unprecedented interest encouraged largely by the ban on MTBE in several countries and its resulting replacement by ethanol. Regulatory riders imposed by most governments in the developed markets are additionally helping perk up demand for ethanol in fuels. In the United States, the renewable fuels standard mandates the use of approximately 8 billion gallons of ethanol by the year 2012. The need to skirt stinging hikes in crude oil prices, reduce green house gas emissions, and lower international dependence on oil, is encouraging governmental intervention in fostering consumption of ethanol. For instance, consumption of ethanol will be upheld by government subsides, and incentives which are being offered at both the state and federal levels in most countries. The rising popularity of flexible fuel vehicles (FFVs) and oxydiesel, a blend of ethanol and diesel fuel, are also expected to bode well for the world ethanol market. Technology developments, which enable blending more than 10% ethanol in gasoline, is expected to result in increased consumption of ethanol in fuels. Development of new technologies and emergence of new end-use applications are expected to bring in new growth opportunities. United States and Brazil dominate world production of ethanol. Ethanol production is aligned with the yields of sugarcane crops, given the fact that over 50% of the world sugarcane produce is used in manufacturing ethanol.

As stated by the recent report published by Global Industry Analysts Inc., South America and the United States dominate the world ethanol market, together cornering over 66.5% of total volume sales estimated in the year 2008. About 90% of ethanol demanded in South America is consumed by Brazil. Ethanol consumption in Brazil is expected to reach 7.45 billion gallons by 2015. Sales of ethanol in Canada, one of the fastest growing markets worldwide, are expected to rise by approximately 208.25 million gallons over the period 2008 to 2012.

Global growth is expected to be led by the use of ethanol in fuels. In the fuels end-use market, volume consumption of ethanol is projected to grow at double-digit rates, and rise by about 7,597 million gallons over the period 2008 to 2012. Asia-Pacific dominates the global food & beverage end-use market with a 64.2% share estimated in the year 2008. The solvent end-use market in the United States is projected to consume over 230 million gallons of ethanol by the year 2015. In Europe, Germany and France collectively account for 35.5% of the regional ethanol market as estimated in 2008.

Leading global and regional players operating in the industry include Abengoa Bioenergy Corporation, Açúcar Guarani S/A, AltraBiofuels, Ancom Berhad, Archer Daniels Midland Co, Aventine Renewable Energy Inc, Cargill Inc, Chief Ethanol Fuels Inc, Copersucar, Cosan S/A Ind e Comércio, Delta-T, Glacial Lakes Energy LLC, Greenfield Ethanol Inc, Green Star Products Inc, ICrystal Inc, MGP Ingredients Inc, Orkla As, POET Ethanol Products, Santelisa Vale, Sasol Ltd, Southridge Ethanol Inc, Tiger Renewable Energy Ltd, Usina São Martinho S/A, VeraSun Energy Corp, and White Energy Inc, among others.

Global Industry Analysts ©
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