Press release
Ethyl Alcohol Market Trends That Will Shape the Next Decade: Insights from Ethanol Production From Corn And Sugar To Combat Global Warming And Meet Transportation Fuel Demands
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Ethyl Alcohol Market Size By 2025?
The market size of ethyl alcohol has seen robust growth in the past few years. A rise from $600.06 billion in 2024 to $647.92 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.0%, is forecasted. The substantial growth in the historic period can be credited to sectors such as alcoholic beverages, pharmaceuticals and healthcare, industrial and chemical manufacturing, as well as personal care and cosmetics.
How Big Is the Ethyl Alcohol Market Size Expected to Grow by 2029?
The market size of ethyl alcohol is projected to experience robust expansion in the immediate future. The market value is anticipated to reach $840.34 billion in 2029, increasing at a compound annual growth rate (CAGR) of 6.7%. Key factors driving growth during this forecast period are initiatives in the renewable energy and biofuels sector, expansion within healthcare and pharmaceutical industries, innovations in chemical manufacturing, and advancements in sustainable packaging. Trending developments during this predictive period encompass bio-oriented ethyl alcohol, cutting-edge pharmaceutical compositions, circular economy drives, and digital overhaul in the production of ethyl alcohol.
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Which Key Market Drivers Powering Ethyl Alcohol Market Expansion and Growth?
The escalating demand for ethanol in the food processing sector is a significant factor propelling the ethyl alcohol market's growth. Ethyl alcohol serves a vital role as an intoxicating ingredient in the production of both alcoholic and non-alcoholic beverages like vodka and gin. Furthermore, it is utilized as a natural element in non-alcoholic drinks. The food processing sector is witnessing substantial growth owing to the rising demand for ready-to-eat, frozen, and packaged foods. Consequently, the burgeoning population due to new births and migrations has ramped up the industry's production and ethanol demand. This surge in the ethanol demand within the food processing sector will stimulate the global ethyl alcohol market's expansion. For instance, reported by the U.S. Energy Information Administration (EIA), a US Federal Statistical System-based agency, U.S. fuel ethanol exports in the first eight months of 2024 averaged 121,000 barrels per day. This is the highest export level for this timeframe in any given year, surpassing 100,000 barrels per day every single month. Thus, the ascending demand for ethanol in the food processing industry is fueling the ethyl alcohol market's demand.
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Which Fast-Growing Trends Are Poised to Disrupt the Ethyl Alcohol Market?
The production of ethanol from corn and sugar is steadily increasing in the ethyl alcohol market. This is primarily due to the dry milling process, which converts corn kernels into flour or mash that can be mixed with water. After being distilled and dehydrated, it produces ethanol. Several factors are influencing this shift, such as the burgeoning demand for liquid fuels in the transport sector, the global increase in oil demand, and the detrimental impact of global warming. Using corn-based sugar to produce ethanol reduces the emission of gases that contribute to global warming and it serves as an alternative to burning gasoline in passenger vehicles and trucks. The USDA has projected that 5.2 billion hectares of corn will be used for ethanol production during the 2020-2021 crop season, a surge of 250 million. It's also worth noting that the U.S. and Brazil collectively produce 85% of the world's corn ethanol. Utilizing corn for ethanol manufacture reduces greenhouse gas emissions by 18% and using sugar reduces them by up to 90%. As such, ethanol production from corn and sugar yields multiple benefits, like mitigating greenhouse gas emissions and lowering reliance on foreign oil.
What Are the Emerging Segments in the Ethyl Alcohol Market?
The ethyl alcohol market covered in this report is segmented -
1) By Type: Synthetic, Fermented
2) By Application: Industrial Solvent, Fuel Or Fuel Additive, Bacteriacide Or Disinfectant, Beverages, Personal Care, Other Applications
3) By End User Industry: Automotive, Food And Beverages, Pharmaceutical, Personal Care, Other End Use Industries
Subsegments:
1) By Synthetic: Petroleum-Based Ethyl Alcohol, Coal-Based Ethyl Alcohol
2) By Fermented: Grain-Based Ethyl Alcohol, Sugarcane-Based Ethyl Alcohol, Fruit-Based Ethyl Alcohol, Corn-Based Ethyl Alcohol
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Who Are the Global Leaders in the Ethyl Alcohol Market?
Major companies operating in the ethyl alcohol market include Advanced Bioenergy LLC, Andersons Ethanol Group, Archer Daniels Midland Company, Braskem SA, BP plc, Cargill Corporation, Green Plains Inc., Kirin Holding Company Limited, LyondellBasell Industries NV, Mitsubishi Chemical Corporation, Alto Ingredients Inc., Saudi Arabia's Basic Industries Corporation, Sasol Limited, Solvay Group, Valero Energy Corporation, INEOS Group Holdings SA, Merck Millipore, Midwest Renewable Energy LLC, ChemCeed LLC, Vigon International, an Azelis Company, CJ Chemicals LLC, Maxill Inc., Barentz BV, SAE International, Exxon Mobil Corporation, Vinmar International Ltd., Ethanol US LLC, Aemetis Inc., Greenfield Global Inc., ECSA Chemicals SA, Penta Manufacturing Company, Sigma-Aldrich Co. LLC, Spectrum Chemical Manufacturing Corp., Alfa Aesar, Fisher Scientific International Inc.
Which are the Top Profitable Regional Markets for the Ethyl Alcohol Industry?
Asia-Pacific was the largest region in the ethyl alcohol market in 2023. North America was the second-largest region in the global ethyl alcohol market. The regions covered in the ethyl alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Product Name - Ethyl Acetate
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Currency US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan,…
