Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Ethanol market.
Ethanol is a chemically produced compound, also known as ethyl alcohol or grain alcohol. It is a form of simple alcohol naturally produced by fermentation of sugar, corn, barley, wheat by yeasts.
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Ethanol Market: Interpretation of Market Outlook
Ethanol is used widely in medical industry in the form of drugs and antidote. Popularly known as recreation drug, it is an active agent for central nervous system depressant
The current environment for ethanol market is growing unprecedently. The trajectory attained in terms of growth and application is burgeoning and expected to grow with CAGR 0f 5 % during the forecast period.
New entrants are grabbing this unparalleled opportunity with clear-headed strategy to maximise the returns. In fact, contrary to recent fears of pandemic, careful analysis shows that the market for ethanol has gained tremendously. With growing demand form automobile and aviation sector the growth chart looks astounding.
Ethanol Market: Prime drivers & stoppers
The analysis of comprehensive data collected globally over sales and application of ethanol spells out a flourishing market in near future. The demand of ethanol blending with petrol and other extravagant fossil fuels are constantly rising.
Aviation industry also utilized the opportunity to experiment ethanol blending and that proved a leap jump in fuel innovation.
Availability of raw materials like sugarcane, wheat and corn which are produced abundantly worldwide makes the process of ethanol manufacturing cost effective. Countries like India where sugarcane and wheat are produced in surplus, provides an opportunity to replace much imported crude oil to a large extent.
Ethanol is in demand mainly as a biofuel, a clean and cheap form of energy, which can be produced easily, unlike petrol and gasoline which are manufacture d in a much-complicated process.
Finally, Government policies worldwide to enable self-sustainable form of fuel production and enable new firm creation leverage support to ethanol market.
However, synthesis of ethanol is primarily dependent on feedstock like sugarcane, corn, wheat, barley etc. which in turn can be affected by volatility in rain or unfavourable monsoon. Furthermore, supply-chain constraint with import restriction is not favourable.
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Ethanol Market: Regional Analysis
North America is most influential and dominating market globally. The United States is the largest producer followed by Brazil and China.
In Asia Pacific region, India and China are remarkably using ethanol in pharmaceutical industry. It is a new initiative in renewable energy which is cleaner and more capable of reducing high imports of crude oil and petrochemicals in developing countries.
For instance, on a per capita basis India has high rates of petrol consumption owing to high crude oil imports. This led to trade deficit and low forex reserves. In this scenario ethanol can be a game changer, though it cannot replace petrol and diesel but can be blended to large extent
Ethanol Market: Competitive Landscape
- Archer Daniels Midland Company
- Aventine renewable Energy
- United Breweries
- Krin, The Andersons Inc.
- British Petroleu
- Advanced Bioenergy LLC
- Stake Technology
- VeraSun Renewable Energy
- Alternative Energy Sources
- Diago
- Cargill Corporation
- Pure Energy Inc Heinken
- AB Miller, Pernod Richard
In 2019 OMC (Oil Marketing Companies) in India procured 2.4 billion ethanol to achieve highest ethanol market penetration. In one year, the blending of ethanol in petrol increased to 5.8 % in 2019 from 4.1 % in 2018.
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico. Brazil Japan
- Japan
- Asia Pacific (China, India, ASEAN, Australia & New Zealand
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries)
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Report Highlights
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Ethanol market can be segmented based on the following:
By Feedstock
- Sugarcane
- Corn
- Wheat
- Barley
By Application
- Automobiles and transportation
- Medicines
- Food and Beverages
- Fuel cells
- Cosmetics
- Fertilizers
- Pesticides