Global Ethyl Alcohol Market - Segmented by Grade, Purity, Application, and Geography - Trends and Forecasts (2018 - 2023)

  • ID: 4536282
  • Report
  • Region: Global
  • 132 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Abengoa Bioenergy
  • Andersons Ethanol Group
  • Braskem
  • Cargill Corporation
  • Green Plains Inc.
  • Kirin Holding Company
  • MORE
The ethyl alcohol market is estimated to witness a CAGR of approximately 5% during the forecast period (2018 - 2023). In terms of production, North America is projected to continue leading the market. The United States is expected to witness the highest growth during the forecast period, followed by South America. Ethyl alcohol, also called ethanol (CH3OH), is a very versatile chemical with applications in a wide variety of industries, such as automotive, medical, beverage, etc. The growth of the end-user industries and the increasing application of ethanol as a biofuel are likely to drive the ethyl alcohol market in coming years.

Rising demand for Ethanol as a Biofuel

With the increasing concerns related to the greenhouses gases (GHG) emission from fossil fuels, ethanol has emerged as a feasible alternative. Use of the corn-based ethanol can help to reduce GHG emissions from vehicles by 18% to 29% per mile traveled compared to the petroleum-based fuels. Additionally, ethanol is highly biodegradable in nature as it is made of organic materials. Any spills caused in case of ethanol, do not cause any major hazardous impact on the environment as 74% of ethanol breaks down within 5 days. Thus, such factors have increased the demand for ethanol as a biofuel, which is driving the ethanol market.

Fuel is the Major Market Application

Ethyl Alcohol is majorly consumed as a fuel. For the last several years, refiners add ethanol to fuel because it burns cleaner than pure gas which helps to reduce emissions. Additionally, the use of ethanol as a fuel helps to reduce the oil dependency. In the United States, more than 97% of the gasoline contains ethanol. E10, one of the most common blends, contains 90% gasoline and 10% ethanol in order to oxygenate fuel and reduce emission. Since 2001, the E15 blend, which contains 15% ethanol, has also been approved for use. Additionally, E85, known as flex fuel, is also used in flexible fuel vehicles which can operate on any blend of ethanol and gasoline up to 83%.

North America to Dominate the Market

North America is expected to dominate the market during the forecast period, followed by South America. Whereas, Asia-Pacific is expected to witness the highest market growth owing to the increasing demand from the beverage and automotive industries. In Asia-Pacific, the consumption of alcohol has seen a substantial increase in past few years owing to the changing culture in the region. The alcohol consumption has increased majorly in Western Pacific and South-East Asian countries. Moreover, the strong growth of the medical industry fuelled by the increasing investments in the sector, and the increasing fuel demand is projected to increase the demand for ethyl alcohol in the region during the forecast period.

Key Developments

June 2017: In California, Pacific Ethanol Inc. acquired Illinois Corn Processing, LLC (ICP) for USD 76 million, which includes USD 15 million in working capital. This added 90 million gallons in capacity adjacent to the company’s Pekin, IL plant. The acquired plant produces gin/vodka, ethanol, and proteins.

April 2017: Butamax Advanced Biofuels, a 50-50 joint venture (JV) between BP and DuPont, acquired Nesika Energy and its advanced ethanol facility in Scandia, Kansas, United States.

Major Players: Sigma-Aldrich Corporation, Cargill, Incorporated, Solvay Group, Braskem, and Archer-Daniels-Midland Company, among others.

Reasons to Purchase this Report
  • To understand the impact of increasing stringent regulations on the ethyl alcohol market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating grade & application in the ethyl alcohol market
  • To identify the region and countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
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FEATURED COMPANIES

  • Abengoa Bioenergy
  • Andersons Ethanol Group
  • Braskem
  • Cargill Corporation
  • Green Plains Inc.
  • Kirin Holding Company
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
3.3.1 Production Process
3.3.2 Technology Licensing and Patent Analysis
3.4 Production Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Rising demand for Ethanol as Biofuel
4.1.2 Growing Use in Beer Production
4.1.3 Increasing Demand for Use of Ethanol in the Food Processing Industry
4.1.4 Stringent Government Policies to Restrict the Use of Fossil Fuels
4.2 Restraints
4.2.1 Advent of Hybrid Electric Vehicles
4.2.2 Increase in Awareness about Ill Effects of Alcohol Consumption
4.2.3 Other Restraints
4.3 Opportunity
4.3.1 Surging Demand to Produce Ethanol from Corn and Sugar
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Share and Forecast)
5.1 By Grade
5.1.1 Food Grade
5.1.2 Industrial Grade
5.1.3 Pharmaceutical Grade
5.1.4 Lab Grade
5.1.5 Others
5.2 By Purity
5.2.1 Undenatured Ethanol
5.2.2 Denatured Ethanol
5.3 By 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 Product
5.3.6 Others

6. Regional Market Analysis (Market Size, Share and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 NORDIC Countries
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
8.1 Abengoa Bioenergy
8.2 Advanced Bioenergy LLC
8.3 Andersons Ethanol Group
8.4 Archer Daniels Midland Company
8.5 Aventine Renewable Energy
8.6 Braskem
8.7 British Petroleum
8.8 Butamax Advanced Biofuels, LLC
8.9 Cargill Corporation
8.10 Flint Hill Resources LP
8.11 Green Plains, Inc.
8.12 INEOS
8.13 Kirin Holding Company
8.14 LyondellBasell Industries NV
8.15 Mitsubishi Chemical Corporation
8.16 Pacific Ethanol, Inc.
8.17 SABIC
8.18 Sasol Limited
8.19 Sigma-Aldrich (Merck)
8.20 Solvay Group
8.21 The Andersons Ethanol Group
8.22 Valero
*List not exhaustive

9. Disclaimer
**Subject to availability on public domain
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  • Abengoa Bioenergy
  • 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
  • Sigma-Aldrich (Merck)
  • Solvay Group
  • The Andersons Ethanol Group
  • Valero
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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