The "Global Ethanol Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global ethanol market is estimated to increase at a CAGR of 1.77% from a market size of USD 38.826 billion in 2019 to achieve a market size of USD43.136 billion by the end of 2025.
Ethanol, also known as ethyl alcohol or grain alcohol is a clear, colorless liquid used in varied real-life applications. Potential applications include personal care and cosmetics, beverages, solvents, fuel, and many other applications. The market is projected to grow during the forecast period owing to the growing demand for clean fuel that contribute to reducing carbon emissions. Ethanol is either produced naturally or through synthetic mode. It is naturally produced from corn grain, sugarcane, or from cellulosic feedstocks like woodchips or crop residues.
For household applications, ethanol is used for varied cleaning applications. For maintaining safety and discourage drinking of pure ethanol from the household cleaning products, a bitter flavored, denaturant is added. This makes the product unfit for consumption, while the properties of other substances remain the same. As ethanol is highly flammable, it is recommended to not use the products close to open flames. Additionally, ethanol inhalation has the capability to cause coughing, headaches as per the CDC. The product gained recognition as Generally Recognized as Safe, GRAS for use in food products. This is due to the fact that ethanol is a pure form of alcohol and its use in food along with consumption is regulated by the US Food and Drug Administration, and other organizations.
The current novel coronavirus pandemic situation led to a decline in ethanol production, causing a decline in market as well. The supply chain disruptions of the raw material, workforce shortages, forced shutting down of manufacturing plants, and travel bans have put an impact on fuel demand, further contributing to impacting the market growth, amid the pandemic, in 2020. However, post-covid, i.e. after the adoption of the new normal, the market is predicted to experience a steady growth till the end of the forecast period. Furthermore, the increasing demand for hand sanitizers is further offering an opportunity for market growth as many hospitals, government organizations and households are looking forward to an increasing production of hand sanitizers. Hence, ethanol producers round the globe are geared to fulfill this high demand, further providing an opportunity for the market growth between late 2020 and by the end of 2025.
On the basis of geography, the United States from the North American region is predicted to be the largest producer. This is followed by Brazil, the European Union, China, and Canada. In addition, most of the major manufactures are based in the United States, further bolstering the market growth in the country during the forecast period. According to the U.S. Department of Energy, the global production of ethanol is continuing to increase from 2013 to 2019
The USA and Brazil are estimated to produce over 80% of the total global ethanol. Majority of ethanol in the United States is produced from corn, on the other hand, in Brazil, most of the ethanol production is done via sugarcane.
Significant partnerships and collaborations by the companies for expanding ethanol production is augmenting the market growth during the forecast period.
Mitsubishi Chemical Corporation
Bunge North America, Inc.
Pacific Ethanol, Inc.
Green Plains Inc.
Kanoria Chemicals & Industries Ltd.
Jubilant Life Sciences Limited
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. Global Ethanol Market Analysis, by Grade
5.2. 95% Ethanol
5.3. Absolute (99-100%) Ethanol
5.4. Denatured (Either 95% or Absolute) Ethanol
6. Global Ethanol Market Analysis, by Source
7. Global Ethanol Market Analysis, by Application
7.2. Personal Care & Cosmetics
7.3. Household Products
7.4. Food Additives
8. Global Ethanol Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ng0gk2
View source version on businesswire.com: https://www.businesswire.com/news/home/20201126005745/en/
Laura Wood, Senior Press Manager
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