Report Code: CMI41651

Published Date: February 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 6.8%
83.5B
2022
85.8B
2023
145.6B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Archer Daniels Midland Company
  • Green Plains Inc.
  • Valero Energy Corporation
  • POET LLC
  • The Andersons Inc.
  • Others

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Reports Description

Global Ethanol Market was valued at USD 85.8 Billion in 2023 and is expected to reach USD 145.6 Billion by 2032, at a CAGR of 6.8% during the forecast period 2023 – 2032.

Ethanol is a form of alcohol that is extensively used for solvents, fuel, and beverages. Chemically, it is a simple organic molecule having the formula C2H5OH. Ethanol is created by yeast fermentation or chemical synthesis. The liquid is clear and colourless, with a distinct odour and flavour.

Ethanol Market: Growth Factors

Rising consumption of alcoholic beverages

Ethanol is an important element in the creation of alcoholic drinks including beer, wine, and spirits. As the world’s population and affluence rise, so does the demand for these beverages, which in turn raises the need for ethanol as a raw ingredient.

In addition, ethanol is employed as a solvent and ingredient in the manufacture of alcoholic drinks, which improves flavour and preserves the final product quality. Ethanol is additionally utilized in the manufacturing of fuel ethanol, which is combined with gasoline to decrease pollutants and increase octane ratings.

As the need for renewable fuels rises owing to environmental concerns and restrictions, the ethanol industry expands, aided in part by the use of alcoholic drinks. For instance, according to the Wine Market Council, there were 11,282 wineries in the United States in 2021, with 16% classified as small and 48% having limited production.

While the number of wineries in the United States increased by 10% between 2019 and 2022, the number of wineries in California increased by 7%. In the Eastern United States, 90% of Millennials purchased alcohol over the 52 weeks ending in May of 2021, compared to 84% of Gen Z buyers aged 21 and above. Almost half of both groups, 47% Gen Z drinkers and 48% Millennial drinkers, used alcohol for relaxation purposes.

Rising automotive industry

Ethanol is often used as a biofuel addition in gasoline, particularly in mixes like E10 (10% ethanol, 90% gasoline) and E85 (85% ethanol, 15% gas). With the car industry’s growing emphasis on lowering greenhouse gas emissions and satisfying strict fuel economy criteria, ethanol-blended fuels provide a sustainable and cleaner-burning alternative to traditional gasoline.

In addition, ethanol production gives a way to use excess agricultural goods like maize and sugarcane, which are the principal feedstocks for ethanol production.

As the automobile sector expands internationally, particularly in rising nations such as China, India, and Brazil, demand for ethanol as a fuel additive is likely to rise, fuelling additional expansion in the ethanol market. Furthermore, government initiatives that encourage biofuel consumption and investments in ethanol production.

For instance, The Indian government has also implemented measures and laws to promote ethanol usage in the automobile industry, which has boosted ethanol consumption. For instance, presenting fuel mixed with 20% ethanol (E20) in stages beginning April 2023 seeks to assure E20 availability by 2025.

Ethanol is commonly used as a gasoline additive to increase fuel economy, lower emissions, and improve engine performance. These variables combined generate increased demand from the automotive industry, resulting in the expansion of the Ethanol Market in India throughout the forecast period.

Ethanol Market: Restraints

Growing awareness of adverse impact of ethanol

Ethanol production, which is predominantly sourced from crops such as maize and sugarcane, has been related to deforestation, habitat loss, and increased greenhouse gas emissions, particularly when forests or natural habitats are destroyed for agricultural use.

Furthermore, the diversion of food crops for ethanol production has created worries about food security and escalated food costs, especially in areas where these products are staples. Furthermore, the environmental repercussions of ethanol production, such as water pollution from agricultural runoff and soil deterioration owing to intensive farming techniques, have contributed to ethanol’s bad reputation as a renewable fuel.

As a result, there has been a trend toward investigating alternate, more sustainable biofuel sources to counteract these negative consequences and satisfy renewable energy objectives.

Global Ethanol Market 2023–2032 (By Type)

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Ethanol Market: Opportunities

Rising demand for bioethanol in pharmaceutical industry

Bioethanol, obtained from renewable resources such as sugarcane, corn, or biomass, is gaining popularity over petroleum-based ethanol due to its sustainability and low environmental effect. Pharmaceutical firms are increasingly looking for bio-based chemicals in prescription compositions to fit with sustainability aims and regulatory constraints.

Ethanol is an important solvent in the pharmaceutical industry, used in a variety of operations including drug extraction, purification, and formulation (APIs). The rise of pharmaceutical production, notably in Asia-Pacific, has led to an increase in the need for ethanol as a solvent.

In addition, bioethanol’s high purity, low level of toxicity, and ability to disintegrate a wide range of chemicals make it an excellent choice for pharmaceutical applications, driving up demand in the sector.

For instance, Borregaard’s bioethanol is regarded as advanced ethanol since it is naturally generated from lignocellulosic waste, especially brown sulphite liquor.

Borregaard’s wood-based bioethanol is a sustainable alternative to synthetic ethanol, reducing GHG emissions by 86-95%. It can help your organization meet its Scope 3 reduction targets. Borregaard ethanol is COSMOS, Kosher, Ecocert, and ISCC certified.

Global Ethanol Market 2023–2032 (By Feedstock)

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Ethanol Market: Segmentation Analysis

The global Ethanol market is segmented by type, feedstock, application, and region.  Based on type, the market is classified into synthetic and biobased. Synthetic dominated the market in 2022 with a market share of 65% and is expected to keep its dominance during the forecast period 2024-2032.

Synthetic ethanol is produced using a variety of feedstocks, including biomass, natural gas, and coal, providing flexibility in production. This range of feedstock sources decreases reliance on traditional agricultural commodities such as maize or sugarcane, alleviating worries about food-versus-fuel disputes and facilitating wider adoption.

Furthermore, advances in synthetic biology and chemical engineering have resulted in more efficient and cost-effective manufacturing procedures for synthetic ethanol. In addition, synthetic ethanol supports the worldwide transition to renewable energy and carbon reduction initiatives.

The possibility of it as a low-carbon or even carbon-neutral fuel makes it appealing to transportation and energy companies looking to minimize greenhouse gas emissions. As global legislation and policies promote greener energy sources, consumer interest in synthetic ethanol is likely to rise, boosting creativity and funding in the ethanol industry.

Based on feedstock, the market is classified into starch, sugar and cellulose based. The starch segment dominated the market in 2022 with a market share of 45% and is expected to keep its dominance during the forecast period 2024-2032.

Starch is a crucial driver of the ethanol business since it serves as the principal feedstock for ethanol generation. Ethanol, a form of biofuel, is created by fermenting starch-rich crops including corn, wheat, and sugarcane. Starch is the primary raw material for ethanol manufacturing in locations with plentiful maize and sugarcane, such as the United States and Brazil.

The procedure includes employing enzymes to break down starch into simpler sugars, which are then fermented into ethanol by yeast. The broad accessibility of starch-rich crops, along with advances in biotechnology and process efficiency, has greatly aided the expansion of the ethanol business.

Based on application, the market is classified into fuel & fuel additives, industrial solvents, and beverages. disinfectant, personal care and others. The fuel & fuel additives segment dominated the market in 2022 with a market share of 55% and is expected to keep its dominance during the forecast period 2024-2032.

Ethanol is commonly used as a biofuel additive, notably in gasoline blends such as E10 (10% ethanol, 90% gasoline) and E85 (85% ethanol, 15% gasoline), to increase octane ratings, lower hazardous emissions, and promote cleaner combustion.

Authorities’ requirements and regulations requiring the use of renewable fuels drive the demand for ethanol as a sustainable alternative to fossil fuels. Furthermore, biofuel plays an important role in the manufacturing of fuel ethers such as ETBE (ethyl tertiary butyl ether) and MTBE (methyl tertiary butyl ether), which are used as oxygenates in gasoline to increase combustion efficiency and minimize air pollution.

The growing automobile sector, along with increased environmental concerns and regulatory efforts to cut greenhouse gas emissions, continues to boost the need for ethanol and gasoline.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 85.8 Billion
Projected Market Size in 2032 USD 145.6 Billion
Market Size in 2022 USD 83.5 Billion
CAGR Growth Rate 6.8% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Feedstock, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Ethanol Market: Regional Analysis

By region, Ethanol market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Ethanol market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

Rising demand for ethanol as a gasoline additive due to rising environmental concerns and legislation aimed at decreasing greenhouse gas emissions. China and India, with their vast populations and burgeoning automobile industries, are particularly fuelling this need.

Furthermore, the region’s extensive agricultural resources, which include sugarcane, corn, and cassava, provide a plentiful feedstock for ethanol manufacturing. The availability of raw resources supports investment in ethanol plants.

Furthermore, the Asia-Pacific area has experienced rapid industrial expansion, resulting in increasing ethanol usage in a variety of industries, such as medicines, cosmetics, and explosives.

Global Ethanol Market 2023–2032 (By Billion)

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Ethanol Market: Recent Developments

  • In February 2023, Kemin Industries established FermSAVER, a tea-extract product utilized for yeast fermentation for ethanol production, to be part of its developing Kemin Bio Solutions portfolio.
  • In January 2022, ADM, a global provider of nutrition, agricultural formation, and manufacturing solutions, announced a collaboration with Wolf Carbon Solutions to improve ethanol decarbonization efforts.
  • In January 2023, two Delhi-based businesses intend to spend Rs 295 crore in Chhattisgarh to establish ethanol and electricity facilities, as well as nutritional supplements and fortified grain.

List of the prominent players in the Ethanol Market:

  • Archer Daniels Midland Company
  • Green Plains Inc.
  • Valero Energy Corporation
  • POET LLC
  • The Andersons Inc.
  • Cargill Incorporated
  • Pacific Ethanol Inc.
  • Flint Hills Resources
  • Abengoa Bioenergy
  • CropEnergies AG
  • Raízen Energia
  • Petrobras
  • Tereos
  • Husky Energy
  • BP plc
  • Royal Dutch Shell plc
  • Cristal Union
  • White Energy
  • Sasol Limited
  • COFCO Biochemical (AnHui) Co Ltd.
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Ethanol Market is segmented as follows:

By Type

  • Synthetic
  • Biobased

By Feedstock

  • Starch
  • Sugar
  • Cellulose Based
  • Others

By Application

  • Fuel & Fuel Additives
  • Industrial Solvents
  • Beverages
  • Disinfectant
  • Personal Care
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Ethanol Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Ethanol Market: snapshot
  • Chapter 3. Global Ethanol Market – Industry Analysis
    • 3.1 Ethanol Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising consumption of alcoholic beverages
      • 3.2.2 Rising automotive industry
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Feedstock
      • 3.7.3 Market Attractiveness Analysis By Application
  • Chapter 4. Global Ethanol Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Ethanol Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Ethanol Market – Type Analysis
    • 5.1 Global Ethanol Market Overview: By Type
      • 5.1.1 Global Ethanol Market Share, By Type, 2022 and – 2033
    • 5.2 Synthetic
      • 5.2.1 Global Ethanol Market by Synthetic, 2024 – 2033 (USD Billion)
    • 5.3 Biobased
      • 5.3.1 Global Ethanol Market by Biobased, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Ethanol Market – Feedstock Analysis
    • 6.1 Global Ethanol Market Overview: By Feedstock
      • 6.1.1 Global Ethanol Market Share, By Feedstock, 2022 and – 2033
    • 6.2 Starch
      • 6.2.1 Global Ethanol Market by Starch, 2024 – 2033 (USD Billion)
    • 6.3 Sugar
      • 6.3.1 Global Ethanol Market by Sugar, 2024 – 2033 (USD Billion)
    • 6.4 Cellulose Based
      • 6.4.1 Global Ethanol Market by Cellulose Based, 2024 – 2033 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Ethanol Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Ethanol Market – Application Analysis
    • 7.1 Global Ethanol Market Overview: By Application
      • 7.1.1 Global Ethanol Market Share, By Application, 2022 and – 2033
    • 7.2 Fuel & Fuel Additives
      • 7.2.1 Global Ethanol Market by Fuel & Fuel Additives, 2024 – 2033 (USD Billion)
    • 7.3 Industrial Solvents
      • 7.3.1 Global Ethanol Market by Industrial Solvents, 2024 – 2033 (USD Billion)
    • 7.4 Beverages
      • 7.4.1 Global Ethanol Market by Beverages, 2024 – 2033 (USD Billion)
    • 7.5 Disinfectant
      • 7.5.1 Global Ethanol Market by Disinfectant, 2024 – 2033 (USD Billion)
    • 7.6 Personal Care
      • 7.6.1 Global Ethanol Market by Personal Care, 2024 – 2033 (USD Billion)
    • 7.7 Others
      • 7.7.1 Global Ethanol Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. Ethanol Market – Regional Analysis
    • 8.1 Global Ethanol Market Regional Overview
    • 8.2 Global Ethanol Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Ethanol Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Ethanol Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Ethanol Market, by Type, 2024 – 2033
      • 8.4.1 North America Ethanol Market, by Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Ethanol Market, by Feedstock, 2024 – 2033
      • 8.5.1 North America Ethanol Market, by Feedstock, 2024 – 2033 (USD Billion)
    • 8.6 North America Ethanol Market, by Application, 2024 – 2033
      • 8.6.1 North America Ethanol Market, by Application, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Ethanol Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Ethanol Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Ethanol Market, by Type, 2024 – 2033
      • 8.8.1 Europe Ethanol Market, by Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Ethanol Market, by Feedstock, 2024 – 2033
      • 8.9.1 Europe Ethanol Market, by Feedstock, 2024 – 2033 (USD Billion)
    • 8.10 Europe Ethanol Market, by Application, 2024 – 2033
      • 8.10.1 Europe Ethanol Market, by Application, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Ethanol Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Ethanol Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Ethanol Market, by Type, 2024 – 2033
      • 8.12.1 Asia Pacific Ethanol Market, by Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Ethanol Market, by Feedstock, 2024 – 2033
      • 8.13.1 Asia Pacific Ethanol Market, by Feedstock, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Ethanol Market, by Application, 2024 – 2033
      • 8.14.1 Asia Pacific Ethanol Market, by Application, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Ethanol Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Ethanol Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Ethanol Market, by Type, 2024 – 2033
      • 8.16.1 Latin America Ethanol Market, by Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Ethanol Market, by Feedstock, 2024 – 2033
      • 8.17.1 Latin America Ethanol Market, by Feedstock, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Ethanol Market, by Application, 2024 – 2033
      • 8.18.1 Latin America Ethanol Market, by Application, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Ethanol Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Ethanol Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Ethanol Market, by Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Ethanol Market, by Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Ethanol Market, by Feedstock, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Ethanol Market, by Feedstock, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Ethanol Market, by Application, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Ethanol Market, by Application, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Archer Daniels Midland Company
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Green Plains Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Valero Energy Corporation
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 POET LLC
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 The Andersons Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Cargill Incorporated
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Pacific Ethanol Inc.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Flint Hills Resources
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Abengoa Bioenergy
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 CropEnergies AG
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Raízen Energia
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Petrobras
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Tereos
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Husky Energy
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 BP plc
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Royal Dutch Shell plc
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Cristal Union
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 White Energy
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Sasol Limited
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 COFCO Biochemical (AnHui) Co Ltd.
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 28

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Archer Daniels Midland Company
  • Green Plains Inc.
  • Valero Energy Corporation
  • POET LLC
  • The Andersons Inc.
  • Cargill Incorporated
  • Pacific Ethanol Inc.
  • Flint Hills Resources
  • Abengoa Bioenergy
  • CropEnergies AG
  • Raízen Energia
  • Petrobras
  • Tereos
  • Husky Energy
  • BP plc
  • Royal Dutch Shell plc
  • Cristal Union
  • White Energy
  • Sasol Limited
  • COFCO Biochemical (AnHui) Co Ltd.
  • Others

FAQs

The restraints of the Ethanol market is growing awareness of adverse impact of ethanol.

The major driver for the Ethanol market is rising consumption of alcoholic beverages and rising automotive industry.

The “Synthetic” category dominated the market in 2022.

The key players in the market are Archer Daniels Midland Company, Green Plains Inc., Valero Energy Corporation, POET LLC, The Andersons Inc., Cargill Incorporated, Pacific Ethanol Inc., Flint Hills Resources, Abengoa Bioenergy, CropEnergies AG, Raízen Energia, Petrobras, Tereos, Husky Energy, BP plc, Royal Dutch Shell plc, Cristal Union, White Energy, Sasol Limited, COFCO Biochemical (AnHui) Co Ltd., Others.

“Asia-Pacific” had the largest share in the Ethanol Market.

The global market is projected to grow at a CAGR of 6.8% during the forecast period, 2023-2032.

The Ethanol Market size was valued at USD 85.8 Billion in 2023.

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