Ethyl Alcohol Manufacturing Global Market Report 2020-30: Covid 19 Implications and Growth
May 2020
200
About the Report
About the Report
Major players in the ethyl alcohol manufacturing market are Advanced Bioenergy LLC, Andersons Ethanol Group, Archer Daniels Midland Company, Aventine Renewable Energy, Braskem, British Petroleum, Cargill Corporation, Green Plains Inc., Kirin Holding Company, and LyondellBasell Industries NV.
The global ethyl alcohol manufacturing market is expected to grow from USD 493.1 billion in 2019 to about USD 692.8 billion in 2020. Hand hygiene and use of sanitizers is an important step amongst the preventive measures of COVID-19. The Centers for Disease Control and Prevention (CDC) has also recommended that people use an alcohol-based hand sanitizer that contains at least 60% ethanol or ethyl alcohol. The market is expected to stabilize and reach USD 661.8 billion at a CAGR of 7.6% through 2023.
The ethyl alcohol market consists of sales of ethyl alcohol and related services. Ethyl alcohol is used as a solvent in the synthesis of other organic chemicals, as an ingredient in alcoholic beverages like beer, wine or brandy, and as a gasoline additive in the automotive industry. Ethyl alcohol also known as ethanol or grain alcohol is a volatile, flammable, colorless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent.
The global ethyl alcohol market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific is expected to be the largest region in the ethyl alcohol market during 2019-2023.
In October 2019, The Andersons, Inc., a USA-based company specialized in agriculture, grain, rail, plant nutrients, and ethanol merged with Marathon Petroleum Corp. to form a new entity, The Andersons Marathon Holdings LLC. The merger is expected to enhance and broaden the ethyl alcohol facilities. The ethyl alcohol facilities in the merger include those in Albion, Mich, Clymers, Ind, and Greenville, Ohio. Marathon Petroleum Corp. is a USA-based petroleum refining company that specializes in refining, supplying, marketing, and transporting petroleum products.
The ethyl alcohol market covered in this report is segmented by end use industry into automotive, food and beverages, pharmaceutical, personal care, others. It is also segmented by feedstock type into coarse-grain based ethanol, sugarcane based ethanol, wheat-based ethanol.
The rise in awareness about ill effects of alcohol consumption is expected to limit the growth of the ethyl alcohol market. According to a study by World Health Organization (WHO), alcohol consumption is responsible for more than 200 diseases and injury conditions. It possess risks of health problems such as mental and behavioural disorders, diseases such as liver cirrhosis, cardiovascular diseases and injuries from road accidents. With rising awareness of effects of alcohol consumption on global health, the demand for information on consumption and its related harm and policies, has risen significantly. For instance, in 2017, according to the 'Journal of Public Health', UK introduced new guidelines for alcohol consumption, due to increased occurences of alcohol-related health problems. The introduction of these new guidelines led to 71% of people being aware of the new alcohol consumption guidelines taking into account the growing evidences of ill-effects of alcohol. This is bound to negatively impact the market.
Companies are increasingly producing ethanol from corn and sugar in the ethyl alcohol market. Ethanol is produced from corn by dry milling process. In this process, corn kernel is prepared into flour or mash, which is then mixed with water. It is purified through distillation and dehydration to create ethanol. The rising demand for liquid fuels in the transportation industry, global rising demand for oil, and negative consequences of global warming have contributed to the increased use of corn-based sugar to produce ethanol, thereyby reducing global warming gases. It can be used in many of today's passenger cars and trucks as a substitute for burning gasoline. For example, according to the 'U.S. Department of Energy', the U.S is the largest producer of ethanol, producing ethanol mostly from corn. The production grew from 14.81 billion gallons in 2015 to nearly 16 billion gallons in 2017. Additionally, the U.S and Brazil produce 85% of the global ethanol from corn. Production of ethanol from corn helps in reducing greenhouse gases by 18% and production of ethanol from sugar helps in reducing greenhouse gases by 90% Production of ethanol from corn and sugar offers several advantages such as reduced greenhouse gases and decreases the dependency of foreign oil.
Rising demand for ethanol in the food processing industry is contributing to the growth of the ethyl alcohol market. It is used as an intoxicating ingredient in manufacturing alcoholic and non-alcoholic beverages such as vodka and gin. Additionally, ethyl alcohol is also used as a natural product in non-alcoholic beverages. Due to increased ready-to-eat, frozen and packaged foods, the food processing industry is growing significantly. As a result, the demand from the food processing industry has also increased due to growing population through new births and migrations, which further increases the industry's production and demand for ethanol. The demand for ethanol in the food processing industry will lead to the expansion of the global market for ethyl alcohol. For example, in India, the ethanol market is expected to grow from USD 2.50 billion in 2018 to USD 7.38 billion by 2024, at a CAGR of 14.50% due to ethanol use in applications such as food and beverages. Rising demand for ethanol in food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the market.
Products
Products
1) By End Use Industry: Automotive; Food and Beverages; Pharmaceutical; Personal Care; Others; 2) By Feedstock Type: Coarse-Grain Based Ethanol; Sugarcane Based Ethanol; Wheat-Based Ethanol
Companies
Advanced Bioenergy LLC; Andersons Ethanol Group; Archer Daniels Midland Company; Aventine Renewable Energy; Braskem; British Petroleum; Cargill Corporation; Green Plains Inc.; Kirin Holding Company; LyondellBasell Industries NV; Mitsubishi Chemical Corporation; Pacific Ethanol Inc.; SABIC; Sasol Limited; POET; Solvay Group; Valero; INEOS Group Holdings SA; Merck Millipore (U.S.)
Table of Contents
Table of Contents
1. Executive Summary
2. Ethyl Acholol Market Characteristics
3. Ethyl Acholol Market Size And Growth
3.1. Global Ethyl Acholol Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Ethyl Acholol Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Ethyl Acholol Market Segmentation
4.1. Global Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Synthetic
Fermented
4.2. Global Ethyl Acholol Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Industrial Solvent
Fuel/Fuel Additive
Bacteriacide/Disinfectant
Beverages
Personal Care
Other Applications
5. Ethyl Acholol Market Regional And Country Analysis
5.1. Global Ethyl Acholol Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Ethyl Acholol Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Ethyl Acholol Market
6.1. Asia-Pacific Ethyl Acholol Market Overview
6.2. Asia-Pacific Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Ethyl Acholol Market
7.1. China Ethyl Acholol Market Overview
7.2. China Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Ethyl Acholol Market
8.1. India Ethyl Acholol Market Overview
8.2. India Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Ethyl Acholol Market
9.1. Japan Ethyl Acholol Market Overview
9.2. Japan Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Ethyl Acholol Market
10.1. Australia Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Ethyl Acholol Market
11.1. Indonesia Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Ethyl Acholol Market
12.1. South Korea Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Ethyl Acholol Market
13.1. Western Europe Ethyl Acholol Market Overview
13.2. Western Europe Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Ethyl Acholol Market
14.1. UK Ethyl Acholol Market Overview
14.2. UK Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Ethyl Acholol Market
15.1. Germany Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Ethyl Acholol Market
16.3. France Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Ethyl Acholol Market
17.1. Eastern Europe Ethyl Acholol Market Overview
17.2. Eastern Europe Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Ethyl Acholol Market
18.1. Russia Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Ethyl Acholol Market
19.1. North America Ethyl Acholol Market Overview
19.2. North America Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Ethyl Acholol Market
20.1. USA Ethyl Acholol Market Overview
20.2. USA Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Ethyl Acholol Market
21.1. South America Ethyl Acholol Market Overview
21.2. South America Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Ethyl Acholol Market
22.1. Brazil Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Ethyl Acholol Market
23.1. Middle East Ethyl Acholol Market Overview
23.2. Middle East Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Ethyl Acholol Market
24.1. Africa Ethyl Acholol Market Overview
24.2. Africa Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Ethyl Acholol Market Competitive Landscape And Company Profiles
25.1. Ethyl Acholol Market Competitive Landscape
25.2. Ethyl Acholol Market Company Profiles
25.2.1. Advanced Bioenergy LLC
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Andersons Ethanol Group
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Archer Daniels Midland Company
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Aventine Renewable Energy
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. British Petroleum
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Ethyl Acholol Market
27. Ethyl Acholol Market Trends And Strategies
28. Ethyl Acholol Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Ethyl Acholol Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Ethyl Acholol Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Ethyl Acholol Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Advanced Bioenergy LLC Financial Performance
Figure 27: Andersons Ethanol Group Financial Performance
Figure 28: Archer Daniels Midland Company Financial Performance
Figure 29: Aventine Renewable Energy Financial Performance
Figure 30: British Petroleum Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Ethyl Acholol Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Ethyl Acholol Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Ethyl Acholol Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Ethyl Acholol Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Advanced Bioenergy LLC Financial Performance
Table 27: Andersons Ethanol Group Financial Performance
Table 28: Archer Daniels Midland Company Financial Performance
Table 29: Aventine Renewable Energy Financial Performance
Table 30: British Petroleum Financial Performance
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