Ethanol can derive from natural sources such as corn, sugarcane, or sugar beets through fermentation. Alternatively, petrochemical ethylene, a byproduct of oil refining, can be converted into ethanol via ethylene hydration. The natural process is more sustainable, relying on renewable resources, while the petrochemical method, driven by increasing ethylene production from shale gas, is cheaper but less environmentally friendly. Balancing sustainability and cost, ethanol production faces ongoing challenges in feedstock choices and process optimization.
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Data Bridge Market Research analyses that the Global Industrial Ethanol Market which was USD 3,361.98 million in 2022, is expected to reach USD 5,545.68 million by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period of 2023 to 2030. Global regulations targeting harmful solvents and fuels open doors for industrial ethanol, a cleaner alternative. Ongoing technological advancements enhance the cost-effectiveness and efficiency of industrial ethanol production, propelling market growth as industries seek sustainable solutions to comply with tightening governmental restrictions on environmentally harmful substances.
Key Findings of the Study
An increase in the global trade of alcohol is expected to drive the market's growth rate
The historical roots of alcohol consumption, dating back to 5400-5000 BC, persist as a significant social activity globally. Despite governmental regulations on sales and production, alcohol consumption and trade have consistently risen. The COVID-19 lockdowns amplified these trends, with many turning to alcohol for coping and entertainment. This sustained growth in global alcohol trade serves as a key driver for the industrial ethanol market, given ethanol's central role as a primary ingredient in alcoholic beverages.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Raw material (Bio Based and Synthetic), Type (Absolute Ethanol, Ethanol 95%, Denatured Ethanol and Others), Application (Paints and Coatings, Pharmaceutical, Food and Beverages, Printing Ink, Agricultural, Household and Industrial Cleaning Solutions, Cosmetics and Personal Care, Adhesives and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and rest of Middle East and Africa.
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Market Players Covered
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Alto Ingredients, Inc.(U.S.), ADM, Bunge North America, Inc. (a subsidiary of Bunge Limited) (U.S.), Envien Group ( Slovakia), ,Calgren Renewable Fuels, LLC (U.S.), INEOS (U.K), Cargill, Incorporated, LyondellBasell Industries Holdings B.V.(Netherlands) Mitsubishi Chemical Corporation (Japan), Valero (U.S.), Flint Hills Resources (U.S.), Sasol ( Johannesburg), CropEnergies AG ( Germany), The Andersons, Inc. (U.S.), BASF SE (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global industrial ethanol market is segmented into three notable segments which are based on raw material, type, and application.
- On the basis of raw material, the global industrial ethanol market is segmented into bio based and synthetic
- On the basis of type, the global industrial ethanol market is segmented into absolute ethanol, ethanol 95%, denatured ethanol, and others
- On the basis of application, the global industrial ethanol market is segmented into paints and coatings, pharmaceutical, food and beverages, printing ink, agricultural, household, and industrial cleaning solutions, cosmetics and personal care, adhesives, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major global industrial ethanol market players in global industrial ethanol market are Mitsubishi Chemical Corporation (Japan), Valero (U.S.), Flint Hills Resources (U.S.), Sasol (Johannesburg), CropEnergies AG ( Germany), The Andersons, Inc. (U.S.), BASF SE (Germany)
Market Developments
- In 2023, Kemin Industries introduced FermSAVER, a tea-extract product used in yeast fermentation for ethanol production. FermSAVER is a natural product that helps reduce yeast stress during fermentation, which can lead to improved ethanol production. FermSAVER is part of Kemin's expanding Kemin Bio Solutions portfolio, which includes a variety of natural products for the food, feed, and industrial sectors
- In 2022, ADM, a global provider of nutrition, agricultural origination, and processing solutions, announced a partnership with Wolf Carbon Solutions to advance the decarbonization of ethanol production. Wolf Carbon Solutions is a company that develops and deploys carbon capture and utilization (CCU) technologies. The partnership between ADM and Wolf Carbon Solutions will focus on developing CCU solutions for the ethanol industry. CCU technologies can capture carbon dioxide from ethanol production and use it to create valuable products, such as fuels and chemicals
- In April 2021, Sasol forged a strategic alliance with Toyota South Africa Motors (TSAM) to pioneer a green hydrogen-based mobility ecosystem in South Africa. Leveraging Sasol's expertise in grey hydrogen production and utilization, coupled with TSAM's proficiency in zero-emission hydrogen fuel cell vehicles, the partnership aims to catalyze a sustainable, green economy. This collaboration not only aligns with environmental goals but also anticipates bolstering revenue and sales, marking a significant step towards advancing clean energy solutions in the region
- In March 2020, CropEnergies AG announced a strategic shift, partially pivoting from fuel ethanol to pure ethanol production in response to heightened demand for disinfectants. Anticipating increased sales and revenue, the company adapts to the dynamic market landscape, aligning with the pressing need for disinfectant solutions. This strategic move not only addresses market demands during the pandemic but also positions CropEnergies to capitalize on the growing market for pure ethanol beyond the immediate crisis
Regional Analysis
Geographically, the countries covered in the global industrial ethanol market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is estimated to be the fastest-growing region in the global industrial ethanol market during the forecast period 2023-2030
North America is expected to dominate the global industrial ethanol market, driven by its substantial population, large-scale production capabilities, and abundant raw material availability. The region's economic prowess, coupled with technological advancements, positions it at the forefront of industrial ethanol production. This dominance is forecasted to persist as North America leverages its resource-rich landscape, fostering sustained growth and influence in the global industrial ethanol market.
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