Global Ethyl Alcohol Market 2024-2028
The ethyl alcohol market is forecasted to grow by USD 16941.4 mn during 2023-2028, accelerating at a CAGR of 5.28% during the forecast period. The report on the ethyl alcohol market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high availability of feedstock, fluctuating crude oil prices, and increasing demand for ethanol in the food processing industry.
Technavio's ethyl alcohol market is segmented as below:
ByApplication
- Automotive
- Food and beverages
- Personal care
- Pharmaceutical
- Others
ByGeography
- North America
- South America
- Europe
- APAC
- Middle East and Africa
This study identifies the reduction in arable land as one of the prime reasons driving the ethyl alcohol market growth during the next few years. Also, growing demand for ethyl alcohol in the automotive industry and increase in government initiatives supporting the use of ethyl alcohol will lead to sizable demand in the market.
The report on the ethyl alcohol market covers the following areas:
- Ethyl alcohol market sizing
- Ethyl alcohol market forecast
- Ethyl alcohol market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ethyl alcohol market vendors that include ALTO INGREDIENTS Inc., Archer Daniels Midland Co., BP Plc, Cargill Inc., CropEnergies AG, GranBio Investimentos SA, INEOS AG, JEPSON COMMODITIES, Jubilant Ingrevia Ltd., Kanoria Chemicals and Industries Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Chemical Group Corp., POET LLC, Sasol Ltd., The Andersons Inc., Thermo Fisher Scientific Inc., and Valero Energy Corp.. Also, the ethyl alcohol market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.