What is the Global market size of the Ethanol Market?

Global Ethanol Market size was valued at USD 85.9 billion in 2021 and is poised to grow from USD 90.1 billion in 2022 to USD 125.94 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).

Which region accounted for the largest share in the Global Ethanol Market?

Due to its rising ethanol production capacity and the presence of major corporations, Asia Pacific is predicted to witness rapid expansion. The abundance of feedstock available for ethanol production is another important element driving the expansion of the ethanol business in Latin America. Due to Brazil's expanding ethanol production and export, Brazil is anticipated to hold a significant revenue share in the Latin American ethanol market in the near future.

Ethanol Market Size, Share, Growth Analysis, By Source(Second Generation, Grain-based), By Purity(Denatured, Undenatured), By Application(Beverages, Fuel & Fuel Additives), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2273 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 87 | Figures: 76

Ethanol Market Insights

Ethanol Market size was valued at USD 85.9 billion in 2022 and is poised to grow from USD 90.1 billion in 2023 to USD 125.94 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

Growing interest in using the ethanol as a biofuel is driving up demand for biofuels. Another primary determinant of market expansion is the increase in alcohol use. Emerging ethanol uses are expected to provide new business prospects for the major players in the global market. To lower total costs and cut carbon emissions, the aviation sector is concentrating on the research and innovation of ethanol-blend fuels. In the upcoming years, it is anticipated that the ethanol uses in ignition systems and emission reduction in the transportation industry would lead to improved chances. Additionally, the use of ethanol-based disinfectant has grown due to coronavirus outbreak, in return it is expected to witness a high global adoption in the coming years. Ethanol works as a good disinfectant against germs, viruses, and fungus, therefore it has a huge potential in the agro-chemical industry.

US Ethanol Market is poised to grow at a sustainable CAGR for the next forecast year.

Ethanol Market Report Snapshots

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The market players can expect new growth opportunities as the acceptance of eco-friendly products rise. The value chain has changed as a result of recent developments in the global market. Manufacturers are currently considering ways to lower the risk, such as buying stock in raw material businesses or signing forward contracts. Initially, manufacturers relied on two to three suppliers for raw materials, which poses a risk because contingency plans do not always work. Manufacturers are now looking into ways to reduce risk, such as acquiring stakes in raw material companies or entering into forward contracts. 'Archer Daniels Midland Company', 'Green Plains Inc.', 'Valero Energy Corporation', 'POET LLC', 'Pacific Ethanol Inc.', 'The Andersons Inc.', 'Flint Hills Resources LP', 'CropEnergies AG', 'BP plc', 'Royal Dutch Shell plc', 'Cargill Inc.', 'Abengoa Bioenergy SA', 'Raízen S.A.', 'Tereos S.A.', 'BioGasol ApS', 'Petrobras Biocombustível SA', 'Cosan S.A.', 'Southwest Iowa Renewable Energy LLC', 'Aemetis Inc.', 'Marquis Energy LLC'

Most people use ethanol as a biofuel because it is a cheap, clean energy source that is simple to generate, as opposed to gasoline and diesel, which are made via a labor-intensive process. Since biofuel is viewed as an environmentally benign substitute for gasoline, the ethanol market has grown quickly over the past ten years as a result of the regulatory authorities' quick backing of the industry. Global government initiatives to promote the production of fuel that is self-sufficient and to encourage the establishment of new businesses have a positive impact on the ethanol market. Alcoholic drinks that include ethanol, which were once thought of as a premium offering, are now gradually evolving into a necessity that is present in the majority of families worldwide. Entry of expensive products into the market is the main aspect driving growth. The production of premium offerings has increased as a result of rising disposable incomes and growing ingredient understanding.

Rising Consumer Awareness for Using Hand Sanitizer: Growing consumer awareness of the use of antibacterial goods like hand sanitizer and surface cleaners to stop the spread and potential harm caused by bacteria and viruses is a key market trend driving the expansion of the business.

Based on region, North America has dominated the ethanol industry because of the supportive government regulations for its production and usage as a biofuel, as well as rising awareness of the need to reduce environmental pollution brought on by the use of conventional energy sources in the region's nations.

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Ethanol Market Size, Share, Growth Analysis, By Source(Second Generation, Grain-based), By Purity(Denatured, Undenatured), By Application(Beverages, Fuel & Fuel Additives), By Region - Industry Forecast 2024-2031

Ethanol Market Insights

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