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Ethyl Alcohol (Ethanol) Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4536282
  • Report
  • January 2020
  • Region: Global
  • 125 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Advanced Bioenergy LLC
  • Aventine Renewable Energy
  • British Petroleum
  • Flint Hill Resources LP
  • HPCL Biofuels Limited
  • Kirin Holding Company
  • MORE
Market Overview

The ethyl alcohol (ethanol) market is expected to register a CAGR of around 6%, during the forecast period. The major factors driving the growth of the market studied are the rising demand for ethanol as biofuel, growing to use in beer production and food processing, and stringent government policies to restrict the usage of fossil fuels. On the flip side, an increase in awareness about the ill effects of alcohol consumption, and the advent of hybrid electric vehicles are likely to hamper the growth of the market studied.
  • The fuel segment dominated the market and is likely to grow during the forecast period, owing to increased practice of ethanol blending with gasoline across the world.
  • The surging demand to produce ethanol from corn and sugar is likely to provide opportunities for the market studied, during the forecast period.
  • North America dominated the market across the world, due to increasing regulations and rising demand for the food processing industry.
Key Market Trends

Fuel Segment to Dominate the Market Demand
  • Ethanol is gaining support for application as fuel, owing to its renewable source and eco-friendliness with lower emissions. Ethanol has a higher octane number than gasoline, providing premium blending properties.
  • Low-octane gasoline is blended with 10% ethanol to attain the standard 87 octane. Carbon monoxide production from ethanol fuel is significantly lower, when compared to gasoline engines.
  • Moreover, for the past several years, refiners have been adding ethanol to fuel, as it burns cleaner than pure gas, which helps in cutting the carbon footprint. Additionally, the use of ethanol as a fuel helps to reduce the oil dependency.
  • In California, ethanol replaced methyl tertiary butyl ether (MTBE) as a gasoline component. E10, one of the most common blends, contains 90% gasoline and 10% ethanol, in order to oxygenate fuel and reduce emission.
  • In Brazil, the fuel ethanol consumption is driven largely by an ethanol blending mandate and lower prices relative to gasoline. However, the country’s fuel ethanol prices are not competitive with fuel ethanol from the United States, primarily on account of higher agricultural feedstock costs, especially along the Brazilian coastal areas.
  • Hence, all such trends in the market are likely to drive the demand for ethanol for fuel application, during the forecast period.
North American Region to Dominate the Market
  • The North American region dominated the global market share. Stringent regulations toward reducing the usage of fossil fuels, and rising demand from the food processing industry have been driving the demand for ethanol in the region.
  • The government in the countries, such as the United States, Canada, and Mexico, have been focusing on reducing the usage of fossil fuels and the pollution caused by them. In this regard, the region has been resorting to the ethanol blended fuels, with ethanol being cleaner resource, which serves as one of the major factors driving the growth of the ethanol market in the region.
  • For instance, in the United States, more than 97% of gasoline contains ethanol. E10, one of the most common blends, contains 90% gasoline and 10% ethanol, in order to oxygenate the fuel and reduce emission. Since 2001, the E15 blend, which contains 15% ethanol, has also been approved for use.
  • The food processing industry is significantly growing, owing to higher dependency on processed, ready-to-eat, and frozen and packaged food. Thus, owing to the growing population through new births and migration, the demand for the industry has also been increasing, which is further increasing the output of, and demand for, ethanol from the industry in the region.
  • Hence, all such market trends are expected to drive the demand for ethanol in the region, during the forecast period.
Competitive Landscape

The ethanol market is fragmented in nature, with no major player clearly dominating the market. Some of the major players in the market include Archer Daniels Midland Company, POET, Valero, Green Plains Inc., and Flint Hills Resources LP, among others.

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FEATURED COMPANIES

  • Advanced Bioenergy LLC
  • Aventine Renewable Energy
  • British Petroleum
  • Flint Hill Resources LP
  • HPCL Biofuels Limited
  • Kirin Holding Company
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand for Ethanol as Biofuel
4.1.2 Increasing Demand for Ethanol in the Food Processing Industry
4.1.3 Growing Use in Beer Production
4.1.4 Stringent Government Policies to Restrict the Use of Fossil Fuels
4.2 Restraints
4.2.1 Increase in Awareness about the Ill Effects of Alcohol Consumption
4.2.2 Advent of Hybrid Electric Vehicles
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Feedstock Analysis
4.6 Technological Snapshot
4.7 Import Export Trends
4.8 Price Trends
4.9 Regulatory Policies

5 MARKET SEGMENTATION
5.1 Grade
5.1.1 Food Grade
5.1.2 Industrial Grade
5.1.3 Pharmaceutical Grade
5.1.4 Lab Grade
5.2 Purity
5.2.1 Undenatured Ethanol
5.2.2 Denatured Ethanol
5.3 Application
5.3.1 Industrial Solvent
5.3.2 Fuel/Fuel Additive
5.3.3 Bacteriacide/Disinfectant
5.3.4 Beverages
5.3.5 Personal Care
5.3.6 Other Applications
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 HPCL Biofuels Limited
6.4.2 Advanced Bioenergy LLC
6.4.3 Andersons Ethanol Group
6.4.4 Archer Daniels Midland Company
6.4.5 Aventine Renewable Energy
6.4.6 Braskem
6.4.7 British Petroleum
6.4.8 Butamax Advanced Biofuels LLC
6.4.9 Cargill Corporation
6.4.10 Flint Hill Resources LP
6.4.11 Green Plains Inc.
6.4.12 INEOS
6.4.13 Kirin Holding Company
6.4.14 LyondellBasell Industries NV
6.4.15 Mitsubishi Chemical Corporation
6.4.16 Pacific Ethanol Inc.
6.4.17 SABIC
6.4.18 Sasol Limited
6.4.19 POET
6.4.20 Solvay Group
6.4.21 The Andersons Ethanol Group
6.4.22 Valero

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Surging Demand to Produce Ethanol from Corn and Sugar
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  • HPCL Biofuels Limited
  • Advanced Bioenergy LLC
  • Andersons Ethanol Group
  • Archer Daniels Midland Company
  • Aventine Renewable Energy
  • Braskem
  • British Petroleum
  • Butamax Advanced Biofuels LLC
  • Cargill Corporation
  • Flint Hill Resources LP
  • Green Plains Inc.
  • INEOS
  • Kirin Holding Company
  • LyondellBasell Industries NV
  • Mitsubishi Chemical Corporation
  • Pacific Ethanol Inc.
  • SABIC
  • Sasol Limited
  • POET
  • Solvay Group
  • The Andersons Ethanol Group
  • Valero
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