Ethanol Market: By Source (Grain Based, Second Generation, Sugar & Molasses Based) By Grade (Industrial Grade, Pharmaceutical Grade, Food Grade, Lab Grade) By Application (Bactericide/Disinfectant, Industrial Solvent, Fuel/Fuel Additive, Beverages, Personal Care Others) and Geography

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Ethanol market size was valued at USD 109,289.7 million in 2023 and is poised to grow at a CAGR of 6.7%. The ethanol market is driven by various factors like the rising consumption of alcoholic beverages and the growing use of ethanol as a bio-fuel product are the key market drivers enhancing the market growth. Growing concerns about climate change are a major driver. Ethanol is seen as a cleaner alternative to fossil fuels, reducing greenhouse gas emissions. Many governments are offering subsidies and incentives for ethanol production and use. This is making it more attractive for producers and consumers. New technologies are constantly being developed to improve the efficiency and cost-effectiveness of ethanol production.

This is making it a more viable option for large-scale use. Demand for ethanol is increasing in various sectors like transportation fuels, industrial applications, and even the beverage industry. This is due to factors like population growth and urbanization. However, the road isn't entirely smooth. Here are some constraints on the Ethanol Market, setting up large-scale ethanol production facilities requires a significant initial investment, and this can be a barrier for new entrants. Ethanol faces competition from traditional fossil fuels and even alternative energy sources like solar and wind power. Changes in government policies and regulations can create instability in the market, making investors hesitant.  

Ethanol market Recent Key developments:
  • June 2021. Poet acquired Flint Hills Resources’ biofuel business, poet production capacity increases to 3 billion gallons per year
  • May 2023, VERBIO North America Holdings Corporation, a subset of VERBIO Vereinigte BioEnergie AG, completed the purchase agreement with Mercuria Investments US, Inc for the acquisition of South Bend Ethanol, LLC for USD 230 million

Ethanol Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.7%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Ethanol Market Dynamics

Research into advanced biofuels derived from non-grain sources like cellulose is opening new doors. Changing Consumer Preferences increase demand for eco-friendly products is a tailwind for ethanol. The various generation processes/techniques for ethanol production are the improved 1st Generation processes of high gravity (VHG) fermentation. This technique allows fermentation with higher sugar concentrations, reducing distillation energy and waste, and developments in yeast strains and using agricultural residues alongside corn can improve yield and reduce reliance on food crops. Cellulosic Conversion (2nd Generation), this approach targets unlocking ethanol from lignocellulosic biomass (wood waste, crops) which is more abundant than corn. Advancements include pretreatment methods to break down tough cellulose and hemicellulose into fermentable sugars. Improved enzyme technology and fermentation processes are being developed to optimize conversion efficiency. Next-Gen Technologies (3rd & 4th Generation) explore alternative feedstocks like algae and use microbes or enzymes specifically designed to break down complex biomass. Consolidating bioprocessing (combining fermentation and distillation) for a more streamlined approach. Electrochemical conversion- Utilizing electricity to directly convert biomass into ethanol is under development. Overall, these advancements aim to make ethanol production more sustainable by, reducing reliance on food crops and land use, utilizing waste materials as feedstock, lowering energy consumption throughout the process, and creating integrated biorefineries that produce valuable co-products alongside ethanol.

 

Key Features of the Reports

  • The ethanol market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.

 

Ethanol Market Segmentation

By Source
  • Grain Based
  • Second Generation
  • Sugar & Molasses Based
By Type
  • Synthetic
  • Biobased
By Grade
  • Industrial Grade
  • Pharmaceutical Grade
  • Food Grade
  • Lab Grade
By Application
  • Bactericide/Disinfectant
  • Industrial Solvent
  • Fuel Additive
  • Beverages
  • Personal Care
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The ethanol market was valued at USD 109,289.7 million in 2023 and is projected to grow at a CAGR of 6.7%.

•Growing concerns about climate change •Rising consumption of alcoholic beverages • Growing use of ethanol as a bio-fuel product •Government subsidies and incentives

•Focus on Sustainability •Integration with Advanced Technologies • Changing Consumer Preferences •Advanced Biofuels

United Breweries, Aventine Renewable Energy, AB Miller, Archer Daniels Midland Company, Kirin, Pure Energy Inc., Cargill Corporation, Samson Distilleries Private Limited, Shakumbari Sugar And Allied Industries Limited, Saraya Distilleries Limited, Archer Daniels Midland Company, BioUrja Group, Pacific Ethanol, Inc, INEOS Solvents Germany GmbH, Flint Hills Resource, Alcool Ferreira S, Mitsubishi Chemical Corporation, Andersons Ethanol Group, Godavari Biorefineries Limited, Wallams (India) Agro Products & Power Limited, Shree Renuka Sugars Limited, E.I.D. Parry (India) Limited, and Bajaj Hindusthan Limited

North America is the dominant in the ethanol market.

1. Executive Summary
2. Global Ethanol Market Introduction
2.1. Global Ethanol Market Taxonomy
2.2. Global Ethanol Market Definitions
2.2.1. Source
2.2.2. Grade
2.2.3. Application
3. Global Ethanol Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Ethanol Market Dynamic Factors - Impact Analysis
3.6. Global Ethanol Market Competition Landscape
4. Global Ethanol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Ethanol Market, By Source, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
5.1. Grain Based
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Second Generation
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Sugar & Molasses Based
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Ethanol Market Forecast, By Grade, 2019 - 2023 and Forecast, 2024 - 2030
6.1. Industrial Grade
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Pharmaceutical Grade
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Food Grade
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Lab Grade
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Ethanol Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Bactericide/Disinfectant
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Industrial Solvent
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Fuel/Fuel Additive
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Beverages
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Personal Care
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Ethanol Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) and Volume (000 Ltrs)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Ethanol Market - Opportunity Analysis Index, By Source, Grade, Application, and Region, 2024 - 2030
9. North America Ethanol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
9.1. By Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Grain Based
9.1.2. Second Generation
9.1.3. Sugar & Molasses Based
9.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Industrial Grade
9.2.2. Pharmaceutical Grade
9.2.3. Food Grade
9.2.4. Lab Grade
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Bactericide/Disinfectant
9.3.2. Industrial Solvent
9.3.3. Fuel/Fuel Additive
9.3.4. Beverages
9.3.5. Personal Care
9.3.6. Others
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Ethanol Market - Opportunity Analysis Index, By Source, Grade, Application, and Country, 2024 - 2030
9.6. North America Ethanol Market Dynamics Trends
10. Europe Ethanol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
10.1. By Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Grain Based
10.1.2. Second Generation
10.1.3. Sugar & Molasses Based
10.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Industrial Grade
10.2.2. Pharmaceutical Grade
10.2.3. Food Grade
10.2.4. Lab Grade
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Bactericide/Disinfectant
10.3.2. Industrial Solvent
10.3.3. Fuel/Fuel Additive
10.3.4. Beverages
10.3.5. Personal Care
10.3.6. Others
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Ethanol Market - Opportunity Analysis Index, By Source, Grade, Application, and Country, 2024 - 2030
10.6. Europe Ethanol Market Dynamics Trends
11. Asia-Pacific Ethanol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
11.1. By Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Grain Based
11.1.2. Second Generation
11.1.3. Sugar & Molasses Based
11.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Industrial Grade
11.2.2. Pharmaceutical Grade
11.2.3. Food Grade
11.2.4. Lab Grade
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Bactericide/Disinfectant
11.3.2. Industrial Solvent
11.3.3. Fuel/Fuel Additive
11.3.4. Beverages
11.3.5. Personal Care
11.3.6. Others
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Ethanol Market - Opportunity Analysis Index, By Source, Grade, Application, and Country, 2024 - 2030
11.6. Asia-Pacific Ethanol Market Dynamics Trends
12. Latin America Ethanol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
12.1. By Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Grain Based
12.1.2. Second Generation
12.1.3. Sugar & Molasses Based
12.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Industrial Grade
12.2.2. Pharmaceutical Grade
12.2.3. Food Grade
12.2.4. Lab Grade
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Bactericide/Disinfectant
12.3.2. Industrial Solvent
12.3.3. Fuel/Fuel Additive
12.3.4. Beverages
12.3.5. Personal Care
12.3.6. Others
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Ethanol Market - Opportunity Analysis Index, By Source, Grade, Application, and Country, 2024 - 2030
12.6. Latin America Ethanol Market Dynamics Trends
13. Middle East and Africa Ethanol Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 ((Revenue, USD Mn) and Volume (000 Ltrs)
13.1. By Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Grain Based
13.1.2. Second Generation
13.1.3. Sugar & Molasses Based
13.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Industrial Grade
13.2.2. Pharmaceutical Grade
13.2.3. Food Grade
13.2.4. Lab Grade
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Bactericide/Disinfectant
13.3.2. Industrial Solvent
13.3.3. Fuel/Fuel Additive
13.3.4. Beverages
13.3.5. Personal Care
13.3.6. Others
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Ethanol Market - Opportunity Analysis Index, By Source, Grade, Application, and Country, 2024 - 2030
13.6. MEA Ethanol Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Grade & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Archer Daniels Midland Company
14.2.2. Cargill Corporation
14.2.3. Pacific Ethanol, Inc
14.2.4. BioUrja Group
14.2.5. Pacific Ethanol, Inc
14.2.6. INEOS Solvents Germany GmbH
14.2.7. Flint Hills Resources
14.2.8. Alcool Ferreira SA
14.2.9. Mitsubishi Chemical Corporation
14.2.10. Andersons Ethanol Group
15. Research Methodology
16. Key Assumptions and Acronyms
  • United Breweries
  • Aventine Renewable Energy
  • AB Miller
  • Archer Daniels Midland Company
  • Kirin
  • Pure Energy Inc.
  • Cargill Corporation
  • Samson Distilleries Private Limited
  • Shakumbari Sugar And Allied Industries Limited
  • Saraya Distilleries Limited
  • Godavari Biorefineries Limited
  • Wallams (India) Agro Products & Power Limited
  • Shree Renuka Sugars Limited
  • I.D. Parry (India) Limited
  • Bajaj Hindusthan Limited
  • Archer Daniels Midland Company
  • BioUrja Group
  • Pacific Ethanol Inc
  • INEOS Solvents Germany GmbH
  • Flint Hills Resource
  • Alcool Ferreira S
  • Mitsubishi Chemical Corporation
  • Andersons Ethanol Group

Adjacent Markets