Reliable Data You Can Trust
Reliable Data You Can Trust
Ethanol is a primary alcohol formed by microbial fermentation of
carbohydrates or by synthesis from ethylene.
Ethanol is a clear, colorless, flammable liquid with a faint ethereal odor and
a burning taste. Moreover, ethanol is made by the fermentation of sugars
obtained from natural sources such as grain, grapes, sugar cane and potatoes. Ethanol
finds use in numerous industries as preservatives, antifreeze and solvents for
many substances such as perfumes, paints, lacquer and explosives. Furthermore,
ethanol is also used majorly in automotive fuel as an octane booster and in
beverages such as beer, wine and distilled liquor.
Figure 1: Global Ethanol
Market by Value 2015-2013
Market Insights
The global ethanol market is projected to grow with a CAGR
between 7.5% and 7.5% during 2017-2023. Rising demand from automotive industry
for ethanol due to improvement in vehicle performance and reduction of
pollution is the prime factor driving the growth of ethanol market worldwide.
Moreover, increasing consumption of beverages as well as growing demand for
premium quality alcohol are anticipated to drive the global ethanol market over
the forecast period. Furthermore, volatile crude oil prices are anticipated to
drive the global ethanol market over the forecast period. However, fluctuation
in supply of agricultural raw material required to produce enough ethanol and
rising use of biomass as an alternative for fuel ethanol are the key factors
restraining the growth of global ethanol market. Nevertheless, recent
developments of cellulosing ethanol and growing government initiatives for the
usage of ethanol fuel over the conventional fuel due to increasing carbon
emissions will bring more opportunities to the global ethanol market over the
forecast period.
Segments Covered:
The report segments the ethanol market by type, by application, and by
region. On the basis of types the ethanol market is segmented as grain based,
sugar cane based and others ( which include cellulosic feedstock) Moreover, the global ethanol market based on
application is segmented into alcoholic beverages, automotive fuel, pharmaceuticals
and others (including agriculture applications and cosmetics among others).
Geographic Coverage and Analysis:
The report
provides regional analysis covering geographies such as North America, Europe,
Asia-Pacific, and Rest of the World (including Latin America and MEA). In this
section the key trends and market size for each geography is provided over the
period of 2015 – 2023.
Figure 2: Global Ethanol
Market by Region
North America is accounted for the largest market share in terms of both
consumption as well as production due to strict government rules &
regulations to use ethanol fuel in primary markets in North America such as the
U.S and Canada. The Asia Pacific ethanol market and is anticipated to grow at a
highest CAGR rate due to rising automotive sector in densely populated
countries such as China and India. Moreover, Latin America market is also
likely to grow at a substantial rate due to significant demand for ethanol in
Brazil which is a major exporter of ethanol in the region.
Companies Profiled:
The
companies covered in the report include Panda Energy International, Archer
Daniels Midland Company, British Petroleum, Stake Technology, Cargill Corp.,
Pure Energy Inc., Valero, Pacific Ethanol, AB Miller, Blue Fire Ethanol Inc.,
Aventine Renewable Energy Inc., Mascoma Corp., and New Energy Corporation Inc.
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