Ethyl Alcohol Manufacturing Global Market Report 2020-30: COVID-19 Implications and Growth covers this critical market and the impact on it from the COVID-19 virus. It provides strategists, marketers and senior management with the critical information they need to assess the increasing demand for ethyl alcohol as a consequence of the effects of COVID-19
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Description:
Where is the largest and fastest growing market for the ethyl alcohol? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ethyl alcohol market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider ethyl alcohol market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the Covid 19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The ethyl alcohol market section of the report gives context. It compares the ethyl alcohol market with other segments of the ethyl alcohol market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, ethyl alcohol indicators comparison.
Scope
Markets Covered: 1) By End Use Industry: Automotive; Food and Beverages; Pharmaceutical; Personal Care; Others 2) By Feedstock Type: Coarse-Grain Based Ethanol; Sugarcane Based Ethanol; Wheat-Based Ethanol
Companies Mentioned: Advanced Bioenergy LLC; Andersons Ethanol Group; Archer Daniels Midland Company; Aventine Renewable Energy; Braskem
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Table of Contents
1. Executive Summary2. Ethyl Acholol Market Characteristics26. Key Mergers And Acquisitions In The Ethyl Acholol Market27. Ethyl Acholol Market Trends And Strategies28. Ethyl Acholol Market Future Outlook and Potential Analysis
3. Ethyl Acholol Market Size And Growth
4. Ethyl Acholol Market Segmentation
5. Ethyl Acholol Market Regional And Country Analysis
6. Asia-Pacific Ethyl Acholol Market
7. China Ethyl Acholol Market
8. India Ethyl Acholol Market
9. Japan Ethyl Acholol Market
10. Australia Ethyl Acholol Market
11. Indonesia Ethyl Acholol Market
12. South Korea Ethyl Acholol Market
13. Western Europe Ethyl Acholol Market
14. UK Ethyl Acholol Market
15. Germany Ethyl Acholol Market
16. France Ethyl Acholol Market
17. Eastern Europe Ethyl Acholol Market
18. Russia Ethyl Acholol Market
19. North America Ethyl Acholol Market
20. USA Ethyl Acholol Market
21. South America Ethyl Acholol Market
22. Brazil Ethyl Acholol Market
23. Middle East Ethyl Acholol Market
24. Africa Ethyl Acholol Market
25. Ethyl Acholol Market Competitive Landscape And Company Profiles
29. Appendix
Executive Summary
Major players in the ethyl alcohol manufacturing market are Advanced Bioenergy LLC, Andersons Ethanol Group, Archer Daniels Midland Company, Aventine Renewable Energy, Braskem, British Petroleum, Cargill Corporation, Green Plains Inc., Kirin Holding Company, and LyondellBasell Industries NV.The global ethyl alcohol manufacturing market is expected to grow from $493.1 billion in 2019 to about $692.8 billion in 2020. Hand hygiene and use of sanitizers is an important step amongst the preventive measures of COVID-19. The Centers for Disease Control and Prevention (CDC) has also recommended that people use an alcohol-based hand sanitizer that contains at least 60% ethanol or ethyl alcohol. The market is expected to stabilize and reach $661.8 billion at a CAGR of 7.6% through 2023.
The ethyl alcohol market consists of sales of ethyl alcohol and related services. Ethyl alcohol is used as a solvent in the synthesis of other organic chemicals, as an ingredient in alcoholic beverages like beer, wine or brandy, and as a gasoline additive in the automotive industry. Ethyl alcohol also known as ethanol or grain alcohol is a volatile, flammable, colorless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent.
The global ethyl alcohol market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific is expected to be the largest region in the ethyl alcohol market during 2019-2023.
In October 2019, The Andersons, Inc., a USA-based company specialized in agriculture, grain, rail, plant nutrients, and ethanol merged with Marathon Petroleum Corp. to form a new entity, The Andersons Marathon Holdings LLC. The merger is expected to enhance and broaden the ethyl alcohol facilities. The ethyl alcohol facilities in the merger include those in Albion, Mich, Clymers, Ind, and Greenville, Ohio. Marathon Petroleum Corp. is a USA-based petroleum refining company that specializes in refining, supplying, marketing, and transporting petroleum products.
The ethyl alcohol market covered in this report is segmented by end use industry into automotive, food and beverages, pharmaceutical, personal care, others. It is also segmented by feedstock type into coarse-grain based ethanol, sugarcane based ethanol, wheat-based ethanol.
The rise in awareness about ill effects of alcohol consumption is expected to limit the growth of the ethyl alcohol market. According to a study by World Health Organization (WHO), alcohol consumption is responsible for more than 200 diseases and injury conditions. It possess risks of health problems such as mental and behavioural disorders, diseases such as liver cirrhosis, cardiovascular diseases and injuries from road accidents. With rising awareness of effects of alcohol consumption on global health, the demand for information on consumption and its related harm and policies, has risen significantly. For instance, in 2017, according to the 'Journal of Public Health', UK introduced new guidelines for alcohol consumption, due to increased occurences of alcohol-related health problems. The introduction of these new guidelines led to 71% of people being aware of the new alcohol consumption guidelines taking into account the growing evidences of ill-effects of alcohol. This is bound to negatively impact the market.
Companies are increasingly producing ethanol from corn and sugar in the ethyl alcohol market. Ethanol is produced from corn by dry milling process. In this process, corn kernel is prepared into flour or mash, which is then mixed with water. It is purified through distillation and dehydration to create ethanol. The rising demand for liquid fuels in the transportation industry, global rising demand for oil, and negative consequences of global warming have contributed to the increased use of corn-based sugar to produce ethanol, thereyby reducing global warming gases. It can be used in many of today's passenger cars and trucks as a substitute for burning gasoline. For example, according to the 'U.S. Department of Energy', the U.S is the largest producer of ethanol, producing ethanol mostly from corn. The production grew from 14.81 billion gallons in 2015 to nearly 16 billion gallons in 2017. Additionally, the U.S and Brazil produce 85% of the global ethanol from corn. Production of ethanol from corn helps in reducing greenhouse gases by 18% and production of ethanol from sugar helps in reducing greenhouse gases by 90% Production of ethanol from corn and sugar offers several advantages such as reduced greenhouse gases and decreases the dependency of foreign oil.
Rising demand for ethanol in the food processing industry is contributing to the growth of the ethyl alcohol market. It is used as an intoxicating ingredient in manufacturing alcoholic and non-alcoholic beverages such as vodka and gin. Additionally, ethyl alcohol is also used as a natural product in non-alcoholic beverages. Due to increased ready-to-eat, frozen and packaged foods, the food processing industry is growing significantly. As a result, the demand from the food processing industry has also increased due to growing population through new births and migrations, which further increases the industry's production and demand for ethanol. The demand for ethanol in the food processing industry will lead to the expansion of the global market for ethyl alcohol. For example, in India, the ethanol market is expected to grow from $2.50 billion in 2018 to $7.38 billion by 2024, at a CAGR of 14.50% due to ethanol use in applications such as food and beverages. Rising demand for ethanol in food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the market.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advanced Bioenergy LLC
- Andersons Ethanol Group
- Archer Daniels Midland Company
- Aventine Renewable Energy
- Braskem
- British Petroleum
- Cargill Corporation
- Green Plains Inc.
- Kirin Holding Company
- LyondellBasell Industries NV
- Mitsubishi Chemical Corporation
- Pacific Ethanol Inc.
- SABIC
- Sasol Limited
- POET
- Solvay Group
- Valero
- INEOS Group Holdings SA
- Merck Millipore (U.S.)
Methodology
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