Global Ethanol Market, valued at USD 98.08 billion in 2022, is projected to be valued at USD 142.72 billion by 2030 expanding at a CAGR of 4.8% over the forecast duration of 2022-2030.
Ethanol is a fermented agricultural product generated from grain, green vegetables, and animal manure. In contrast to other renewable fuel sources, ethanol can be turned directly into liquid fuels, also known as biodiesel fuels, to suit vehicle fuel demands.
Ethanol is made primarily by fermenting sugars and starches with the help of the right bacteria and yeast. Ethanol can be made in two different methods. These are accomplished directly through the use of animal waste and indirectly through the use of forest wood and pulp, as well as wood chips.
Emerging ethanol applications are expected to provide new prospects for key competitors in the global market. The aviation sector is concentrating its efforts on the development of ethanol blended fuels in order to reduce total costs and carbon emissions. In the near years, recent applications of ethanol in ignition systems and pollution control in the transportation sector are projected to create more opportunities. In addition, the rise of coronavirus disease has raised the use of ethanol-based hand sanitizers, boosting global market growth. The Centers for Disease Control and Prevention (CDC) recommends using ethanol because it is efficient against bacteria, viruses, and fungus. Furthermore, the ample availability of raw materials for ethanol manufacturing in developing countries encourages multinational corporations to expand their operations.
Global Ethanol Market- Segmental Analysis
Key Players
- Cremer Oleo GmbH & Co. KG
- AGRANA Group
- Archer Daniels Midland Company
- Raízen Energia S.A
- POET
- SEKAB
- Nordzucker AG
- Abengoa Bioenergía
- Petrobras Biocombustíveis
- Tereos
- Soufflet Group
- Attis Biofuels
- ENVIRA
- Ensus
- Green Future Innovations Inc.
- Cargill
- Vivergo
- BP p.l.c.
- Flint Hills Resources,LLC
- Green Plains, Inc
- Wilmar International Limited
Based on type
- Synthetic Ethanol
- Bioethanol
Based on raw material
- 1st Generation Feedstock (kernels and starchy crops biomass)
- 2nd Generation Feedstock (lignocellulosic biomass)
- 3rd Generation Feedstock (Industrial waste CO2)
- Petroleum derived chemicals
Based on application
- Transportation
- Energy
- Chemical
- Others
Based on purity
- Denatured alcohol
- Undenatured alcohol
Based on Source
- Grain based ethanol
- Sugar mills
Based on region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Table of Contents
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Ethanol Market: Estimates & Forecast Trend Analysis
- Europe Ethanol Market: Estimates & Forecast Trend Analysis
- Asia Pacific Ethanol Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Ethanol Market: Estimates & Forecast Trend Analysis
- Latin America Ethanol Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
Frequently Asked Questions
- What is the current size of this market?
- This market size surpassed at USD 93.7 billion in 2020 and is expected to reach around USD 155.6 billion by 2030.
- What is the CAGR of this market?
- Which factors driving this market growth?
- Why North America was dominated this ethanol market in 2020?
- Which source segment was recorded the prime market share in this ethanol market?
- Which application segment is expected to dominate largest revenue in this market?
- Why Asia Pacific is expected to register the fast growth rate in this market?
- Which major companies are functioning in this ethanol market?
- Why ethanol?
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