Ethanol Market
Ethanol Market is expected to register a CAGR of 1.00% during the forecast period to reach
USD 53,105.3 Million by 2025
Ethanol Market – Insights
Ethanol commonly known as ethyl alcohol is colorless and flammable chemical compound with an
agreeable odor and taste. It is renewable, and can be produced by the fermentation of starch and
sugar based biological materials and cellulosic feedstock, such as sugarcane, wood, wheat, corn,
and barley. Corn and starch based crops are majorly used for the production of ethanol. Ethanol is
highly soluble in water and most of the organic solvent, due to this it is widely used as a solvent in
various industries. Further, it is extensively used as a preservative in pharmaceutical industries and
it is a major component in producing alcoholic beverages.
Extensive usage of ethanol in automotive industry as a fuel or fuel additive, is propelling the
demand for ethanol in the global market. The ethanol market has witnessed a rapid growth over the
past 10 years due to rapid funding for biofuel by the regulating bodies, since biofuel is considered
as an eco-friendly alternative for gasoline. However, rising raw material prices is one of the major
factors barring the growth of the ethanol market globally. Based on the process used, the ethanol
market has been segmented into dry milling and wet milling. Furthermore, dry milling process
dominated the global ethanol market both by revenue and by volume in 2016 and is expected to
lead the market throughout the forecast period.Based on sources, the ethanol market has been
segmented into natural and synthetic sources, where the latter accounted for the major share in 2016
and is expected to lead the market throughout the forecast period.
In terms of revenue, global ethanol market was valued at US$ 48,734.3 Million in 2016 and is
expected to register a CAGR of 1.00% during the forecast period to reach USD 53,105.3 Million by
2025. However, in terms of volume, the market stood at 27,145.9 Million Gallons in 2016 and the
same is anticipated to reach 32,165.3 Million Gallons by the end of the forecast period, projecting a
CAGR of 1.77% during the forecast period.
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Major Players in the Global Ethanol Market:
Cargill Inc., Archer Daniels Midland Company, Grain Processing Corporation, Ace Ethanol LLC,
Advanced Bio Energy LLC, MGP Ingredients, Flint Hills Resources, Marquis Energy, and various
others.
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