Global Ethyl Alcohol (Ethanol) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ethyl Alcohol (Ethanol) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ethanol (also called ethyl alcohol, grain alcohol, drinking alcohol, spirits, or simply alcohol) is an organic chemical compound, and is often abbreviated as EtOH. Ethanol is a volatile, flammable, colorless liquid with a slight characteristic odor. It is a psychoactive substance, recreational drug, and the active ingredient in alcoholic drinks. Ethanol is naturally produced by the fermentation of sugars by yeasts or via petrochemical processes such as ethylene hydration. It has medical applications as an antiseptic and disinfectant. It is used as a chemical solvent and in the synthesis of organic compounds.

Market Overview:

The latest research study on the global Ethyl Alcohol (Ethanol) market finds that the global Ethyl Alcohol (Ethanol) market reached a value of USD 52917.05 million in 2022. It’s expected that the market will achieve USD 76273.57 million by 2028, exhibiting a CAGR of 6.28% during the forecast period.

Influence of COVID-19 Outbreak on Ethyl Alcohol (Ethanol) Industry Development

Due to the COVID-19 outbreak, many factories were closed. Ethanol production is also affected. The supply chain and downstream application industries have been affected by the epidemic, and production has stagnated, which has also adversely affected the development of the ethanol industry. Although COVID-19 currently has a long-term possibility, its subsequent impact depends on the development of the epidemic and related measures taken by the government.
Due to the impact of COVID-19, market transportation is restricted and trade liquidity is weakened, resulting in a large amount of ethanol spot shortage. At the beginning of the epidemic, the market inventory was not high, and the overall supply was tight, which brought up prices in various places. With the epidemic under control, the demand for disinfection has gradually returned to calm, and downstream users have mostly turned to consume inventory. Due to insufficient raw materials, prices will increase. From an overall point of view, the current ethanol market supply is insufficient, the cost is high, and the manufacturers are not willing to make low-price transactions. Although the demand is sluggish, the overall transaction downside space is relatively limited.

Ethyl Alcohol (Ethanol) Market Strengths

The numerous downstream applications of ethanol are driving growth. The growth in the trade in alcohol and beverages has boosted the demand for ethanol. The product is manufactured using the fermentation process of plants and grains and can be found in alcoholic beverages. The sales growth of these products is expected to have a positive impact on market growth. Population growth and rapid urbanization require high-quality food. In addition, food grade ethanol is also used for food preservation. These factors have promoted the development of the ethanol industry.
Ethanol is widely used in detergents to enhance processability, stability and washing performance. In addition, it is a solvent that dissolves other cleaning product additives such as polymers, surfactants, and fragrances, and also acts as a viscosity control agent. Because of these characteristics, ethanol has gained popularity as a solvent in detergents. Globally, the use of soaps and detergents in daily life is rapidly increasing, which is expected to increase the demand for ethanol.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

POET is one of the major players operating in the Ethyl Alcohol (Ethanol) market, holding a share of 2.30% in 2020.

POET, headquartered in Sioux Falls, SD, is the world’s largest biofuels producer. POET is a leader in biorefining through its efficient, vertically integrated approach to production.

ADM unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, ADM give customers an edge in solving the nutritional challenges of today and tomorrow. ADM is a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company.

Segmentation Overview:

Among different product types, Fuel Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Fuel/Fuel Additive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ethyl Alcohol (Ethanol) market covered in Chapter 3:

Green Plains Inc.
Andersons Ethanol Group
Copersucar
Mitsubishi Chemical Corporation
LyondellBasell Industries NV
MGP Ingredients, Inc.
HPCL Biofuels Limited
Koch Industries
Valero
British Petroleum
Cargill Corporation
Greenfield
POET
Archer Daniels Midland Company
Grain Processing
Pacific Ethanol
Sasol Limited
Alcoholera de Zapopan
INEOS

In Chapter 4 and Chapter 14.2, on the basis of types, the Ethyl Alcohol (Ethanol) market from 2018 to 2029 is primarily split into:

Food Grade
Industrial Grade
Pharmaceutical Grade
Lab Grade
Fuel Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ethyl Alcohol (Ethanol) market from 2018 to 2029 covers:

Industrial Solvent
Bactericide/ Disinfectant
Beverages
Personal Care
Fuel/Fuel Additive
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)