Ethanol (Ethyl Alcohol) Market

Ethyl Alcohol Market was valued at USD 19,924 million in 2022 and is forecast to touch USD 32,728 million in 2030, and the market is expected to grow at a CAGR of 6.4% from 2023-2030

Ethyl Alcohol Market Overview

Ethyl Alcohol, also called ethanol is a faded, computing, flammable liquid C2H5OH, a spirituous agent in liquors and is also used in fuel and solvent. Ethanol is also an intoxicating ingredient in alcoholic beverages such as in beer, wine, and distilled spirits. Ethanol is obtained by two processes, either by fermentation or by synthesis as a dilute liquid solution.

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Major Ethyl Alcohol Market Drivers

Growing demand for personal care and household cleaning products stands to be one of the primary drivers supporting market growth. Furthermore, the impact of Covid-19 pandemic has further supported the market growth as it is widely used in sanitizers as it effectively kills bacteria or used in medicine as anti-infective. For instance, Jublilant Ingrevia offers ethanol to different industries including food processing, pharmaceuticals, paint & coatings, personal care, beverages, detergents, among others which is expected to propel market growth.

Additionally, ethanol is also a renewable source and bio-ethanol is now being widely used as biofuel for transportation worldwide. Depletion of fossil fuels and growing environmental concerns has shifted focus towards the usage of renewables such as biofuels.  According to the US Department of Energy, a gasoline-ethanol blend containing 51% to 83% ethanol helps reduce emissions like any other alternative fuel. Such factors can escalate the growth of ethanol in the coming years

Restraint in the Ethyl Alcohol Market

However, ethanol can easily be replaced by methanol, as it requires less cost to be produced and has higher separating strength and is less toxic than ethanol. These are some of the restraints which can possibly hamper the market of Ethyl Alcohol.

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Grade- Segment Analysis

Based on grade, pharmaceutical grade product is expected to grow at a significant CAGR over the forecast period. For instance, Company such as Cargill is producing pharmaceutical agricultural product which is extracted by fermentation of sugar using yeast. This pharma agricultural alcohol is used in the pharmaceutical industry for producing products such as antiseptics, drugs, liniments, anesthetics, lotions, and many more.

Application- Segment Analysis

Based on application, fuel is expected to grow at a significant CAGR over the forecast period primarily due to the increasing demand for bio-ethanol in automotive fuel as an alternative to fossil fuel.  For instance, 12.6 billion gallons of ethanol were consumed in the US. 10% fuel ethanol by volume is sold in the US as motor gasoline.

Region- Segment Analysis

North America is projected to dominate the market for Ethyl Alcohol globally during the forecast period owing to the demand for the food processing industry. The consumption of ethanol has increased with 13.93 billion in the USA. Most of the US ethanol is produced from corn. The presence of leading players including Flint Hills Resources, Valero Energy Corporation and Advanced BioEnergy will also support market growth in the region.

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Top Market Players

Some of the leading players operating in the Ethyl Alcohol Market include Flint Hills Resources, Valero Energy Corporation, POET LLC, Bunge North America, Inc., Archer Daniels Midland Company, Kirin Holding Company, British Petroleum, Cargill Corporation, Andersons Ethanol Group, Advanced BioEnergy and many more. 

Key Developments:

• • In 2020, Archer Daniels Midland announced the resumption of ethanol production in its two idle facilities, with a production capacity of 575 million gallons of ethanol.

Segments covered in the Report:

The Ethyl Alcohol Market has been segmented based on grade, application, and region. Based on grade, the market is segmented into food grade, industrial grade, pharmaceuticals grade and lab grade. Based on application, market is segmented into fuel, disinfectant, industrial solvent, personal care, and others. 

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Market Segmentation

Ethyl Alcohol Market by Grade

• • Food grade
  • Industrial grade
  • Pharmaceutical grade
  • Lab grade

Ethyl Alcohol Market by Application

• • Fuel
  • Disinfectant
  • Personal care
  • Industrial solvent
  • Others

Ethyl Alcohol Market by Region

• • North America Ethyl Alcohol Market (Option 1: As a part of the free 25% customization)

    • By Grade
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Ethyl Alcohol Market (Option 2: As a part of the free 25% customization)

    • By Grade
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Ethyl Alcohol Market (Option 3: As a part of the free 25% customization)

    • By Grade
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Ethyl Alcohol Market (Option 4: As a part of the free 25% customization)

    • By Grade
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up 

Major Players Operating in the Ethyl Alcohol market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Flint Hills Resources
  • Valero Energy Corporation
  • POET LLC
  • Bunge North America, Inc.
  • Archer Daniels Midland Company
  • Kirin Holding Company
  • British Petroleum
  • Cargill Corporation
  • Andersons Ethanol Group
  • Advanced BioEnergy