Ethyl Alcohol Market is predicted to reach at USD 28,909 Million by 2028 at a CAGR of 6.4% CAGR during the forecast period.

Introduction of the Ethyl Alcohol Market

Ethyl Alcohol, also called ethanol is a faded, computing, flammable liquid C2H5OH, a spirituous agent in liquors and is also used in fuel and solvent. Ethanol is also an intoxicating ingredient in alcoholic beverages such as in beer, wine, and distilled spirits. Ethanol is obtained by two processes, either by fermentation or by synthesis as a dilute liquid solution.

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Market Dynamic

Key Drivers and Emerging Trends 

Growing demand for personal care and household cleaning products stands to be one of the primary drivers supporting market growth. Furthermore, the impact of Covid-19 pandemic has further supported the market growth as it is widely used in sanitizers as it effectively kills bacteria or used in medicine as anti-infective. For instance, Jublilant Ingrevia offers ethanol to different industries including food processing, pharmaceuticals, paint & coatings, personal care, beverages, detergents, among others which is expected to propel market growth.

Additionally, ethanol is also a renewable source and bio-ethanol is now being widely used as biofuel for transportation worldwide. Depletion of fossil fuels and growing environmental concerns has shifted focus towards the usage of renewables such as biofuels.  According to the US Department of Energy, a gasoline-ethanol blend containing 51% to 83% ethanol helps reduce emissions like any other alternative fuel. Such factors can escalate the growth of ethanol in the coming years

Restraint in the Ethyl Alcohol Market

However, ethanol can easily be replaced by methanol, as it requires less cost to be produced and has higher separating strength and is less toxic than ethanol. These are some of the restraints which can possibly hamper the market of Ethyl Alcohol.

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Grade- Segment Analysis

Based on grade, pharmaceutical grade product is expected to grow at a significant CAGR over the forecast period. For instance, Company such as Cargill is producing pharmaceutical agricultural product which is extracted by fermentation of sugar using yeast. This pharma agricultural alcohol is used in the pharmaceutical industry for producing products such as antiseptics, drugs, liniments, anesthetics, lotions, and many more.

Application- Segment Analysis

Based on application, fuel is expected to grow at a significant CAGR over the forecast period primarily due to the increasing demand for bio-ethanol in automotive fuel as an alternative to fossil fuel.  For instance, 12.6 billion gallons of ethanol were consumed in the US. 10% fuel ethanol by volume is sold in the US as motor gasoline.

Region- Segment Analysis

North America is projected to dominate the market for Ethyl Alcohol globally during the forecast period owing to the demand for the food processing industry. The consumption of ethanol has increased with 13.93 billion in the USA. Most of the US ethanol is produced from corn. The presence of leading players including Flint Hills Resources, Valero Energy Corporation and Advanced BioEnergy will also support market growth in the region.

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Top Market Players

Some of the leading players operating in the Ethyl Alcohol Market include Flint Hills Resources, Valero Energy Corporation, POET LLC, Bunge North America, Inc., Archer Daniels Midland Company, Kirin Holding Company, British Petroleum, Cargill Corporation, Andersons Ethanol Group, Advanced BioEnergy and many more. 

Key Developments:

• • In 2020, Archer Daniels Midland announced the resumption of ethanol production in its two idle facilities, with a production capacity of 575 million gallons of ethanol.

Segments covered in the Report:

The Ethyl Alcohol Market has been segmented based on grade, application, and region. Based on grade, the market is segmented into food grade, industrial grade, pharmaceuticals grade and lab grade. Based on application, market is segmented into fuel, disinfectant, industrial solvent, personal care, and others. 

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Key questions answered in this research report:

• • At what pace is Ethyl Alcohol market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Ethyl Alcohol Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Ethyl Alcohol market?
  • What are the various applications of Ethyl Alcohol Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2028)	USD 28,909 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Grade, By Application and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Flint Hills Resources, Valero Energy Corporation, POET LLC, Bunge North America, Inc., Archer Daniels Midland Company, Kirin Holding Company, British Petroleum, Cargill Corporation, Andersons Ethanol Group and Advanced BioEnergy.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Ethyl Alcohol Market by Grade

• • Food grade
  • Industrial grade
  • Pharmaceutical grade
  • Lab grade

Ethyl Alcohol Market by Application

• • Fuel
  • Disinfectant
  • Personal care
  • Industrial solvent
  • Others

Ethyl Alcohol Market by Region

• • North America Ethyl Alcohol Market (Option 1: As a part of the free 25% customization)
    • North America Ethyl Alcohol Market by Grade
    • North America Ethyl Alcohol Market by Application
    • US Ethyl Alcohol Market All-Up
    • Canada Ethyl Alcohol Market All-Up
  • Europe Ethyl Alcohol Market (Option 2: As a part of the free 25% customization)
    • Europe Ethyl Alcohol Market by Grade
    • Europe Ethyl Alcohol Market by Application
    • UK Ethyl Alcohol Market All-Up
    • Germany Ethyl Alcohol Market All-Up
    • France Ethyl Alcohol Market All-Up
    • Spain Ethyl Alcohol Market All-Up
    • Rest of Europe Ethyl Alcohol Market All-Up
  • Asia-Pacific Ethyl Alcohol Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Ethyl Alcohol Market by Grade
    • Asia-Pacific Ethyl Alcohol Market by Application
    • China Ethyl Alcohol Market All-Up
    • India Ethyl Alcohol Market All-Up
    • Japan Ethyl Alcohol Market All-Up
    • Rest of APAC Ethyl Alcohol Market All-Up
  • RoW Ethyl Alcohol Market (Option 4: As a part of the free 25% customization)
    • RoW Ethyl Alcohol Market by Grade
    • RoW Ethyl Alcohol Market by Application
    • Brazil Ethyl Alcohol Market All-Up
    • South Africa Ethyl Alcohol Market All-Up
    • Saudi Arabia Ethyl Alcohol Market All-Up
    • UAE Ethyl Alcohol Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Ethyl Alcohol Market All-Up 

Major Players Operating in the Ethyl Alcohol market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Flint Hills Resources
  • Valero Energy Corporation
  • POET LLC
  • Bunge North America, Inc.
  • Archer Daniels Midland Company
  • Kirin Holding Company
  • British Petroleum
  • Cargill Corporation
  • Andersons Ethanol Group
  • Advanced BioEnergy