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Ethyl Alcohol Market Size, Share, and Industry Report [2031]

Ethyl Alcohol Market

Name: Growth Market Reports
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Segments - by Grades (Industrial Grade, Pharmaceutical Grade, Food Grade, and Lab Grade), Purities (Denatured Ethanol and Undenatured Ethanol), Applications (Fuel, Industrial Solvent, Bactericide/Disinfectant, Beverages, Personal Care, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

The Global Ethyl Alcohol Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period, 2023 – 2031. Ethyl alcohol is an organic compound, also known as ethanol which belongs to an ethyl group and is linked to a hydroxyl group. The compound is flammable, colorless, and volatile liquid that is characterized by a pungent taste and an odor similar to wine.

Ethyl alcohol is produced organically by the process of fermentation of sugars by yeast or through various petrochemical processes. The compound is used as an antiseptic, medical solvent, and as a component of fuel. It is used in a variety of applications and is an active ingredient in alcoholic beverages.

Market Trends, Drivers, Restraints, and Opportunities

High use of ethyl alcohol as a fuel due to its renewable, eco-friendly, low emissions and sustainable properties drives the market.
Integration of ethanol in low-octane gasoline as it burns better than natural oil has significantly increased the demand for ethyl alcohol.
Technological and economic difficulties restrain the growth of the market.
The use of ethanol as an antiseptic due to its anti-bacterial properties has also driven the market in the recent years.
The spread of COVID 19 increased the use of hand sanitizers which primarily contain ethanol due to its antiseptic and anti-fungal properties. This is projected to offer lucrative opportunities for the market growth.

Scope of Ethyl Alcohol Market Report

The report on the global ethyl alcohol market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Ethyl Alcohol Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016 - 2021
Forecast Period	2023–2031
Segmentation	Grades (Industrial Grade, Pharmaceutical Grade, Food Grade, and Lab Grade), Purities (Denatured Ethanol and Undenatured Ethanol), Applications (Fuel, Industrial Solvent, Bactericide/Disinfectant, Beverages, Personal Care, and Others)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market Scope, Analysis, Share, Competitive Analysis, Growth Facts, Restraints, Opportunities, and Revenue Forecast
Key Players Covered	ADM; Valero; Bunge North America; Flint Hills Resources; POET LLC; and Green Plains Inc.

Global Ethyl Alcohol Market Segment Insights

The food grade segment is projected to expand at a significant CAGR during the forecast period

Based on grades, the ethyl alcohol market is segmented into industrial grade, pharmaceutical grade, food grade, and lab grade. The food grade segment is projected to grow at a significant CAGR during the forecast period due to rising use of ethanol in safe food applications. The organic compound is used as a natural solvent in kitchens, labs, and workbenches.

Few examples of the wide application of ethyl alcohol as solvents include flavor extracts (citrus, vanilla, root, and botanical), craft vinegar, non-toxic personal care, perfumery, cosmetics, among others. By the use of food grade alcohol in cosmetics, the presence of dirt and impurities is reduced.

The denatured ethanol segment is estimated to grow at rapid pace

On the basis of purities, the market is bifurcated into denatured and undenatured ethanol. The denatured ethanol segment is estimated to grow at rapid pace. Denatured ethanol is used as a cleaning agent for paint removal and is also used for pest control.

It is a disinfectant which increases the application in various cleaning formulas. The primary difference between denatured and undenatured ethanol is that denatured ethanol is toxic and contains a high number of additives.

The fuel segment holds the major market share

Based on applications, the market is fragmented into fuel, industrial solvent, bactericide/disinfectant, beverages, personal care, and others. The fuel segment holds the major market share owing to high use of ethanol in fuel and its additives. The addition of ethanol in fuel makes it eco-friendly and lowers the carbon emissions which has propelled various manufacturers to integrate the use of ethanol in low octane gasoline as well.

Ethanol burns cleaner than pure gas which lowers the carbon footprint and leads the way to a sustainable future. The use of ethanol in personal care items has also substantially increased due to its application in DIY perfumery, cosmetics, and other beauty products. Ethanol acts as a cleansing agent and also has an anti-bacterial property which has accelerated the use of this compound in hand sanitizers, antidotes, medical solvents, and other pharmaceutical applications.

Asia Pacific is anticipated to dominate the market

In terms of regions, the global ethyl alcohol market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a significant share of the market in 2020 due to rapid application of ethanol in fuel and pharmaceutical products.

Asia Pacific is anticipated to dominate the market. Rapid urbanization in developing countries such as China, India, and Japan support the growth of the ethyl alcohol market in the region. Moreover, increasing investments by petrochemical industries and growing use of ethanol in eco-friendly and sustainable fuel are driving the market.

Segments

By Grades

Industrial Grade
Pharmaceutical Grade
Food Grade
Lab Grade

By Purities

Denatured Ethanol
Undenatured Ethanol

By Applications

Fuel
Industrial Solvent
Bactericide/Disinfectant
Beverages
Personal Care
Others

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

ADM
Valero
Bunge North America
Flint Hills Resources
POET LLC
Green Plains Inc.

Competitive Landscape

Key players in the global ethyl alcohol market include ADM; Valero; Bunge North America; Flint Hills Resources; POET LLC; and Green Plains Inc. These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ethyl Alcohol Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ethyl Alcohol Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ethyl Alcohol Market - Supply Chain
  4.5. Global Ethyl Alcohol Market Forecast
     4.5.1. Ethyl Alcohol Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ethyl Alcohol Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Ethyl Alcohol Market Absolute $ Opportunity
5. Global Ethyl Alcohol Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Ethyl Alcohol Market Size and Volume Forecast by Applications
     5.3.1. Fuel
     5.3.2. Industrial Solvent
     5.3.3. Bactericide/Disinfectant
     5.3.4. Beverages
     5.3.5. Personal Care
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Ethyl Alcohol Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Ethyl Alcohol Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Ethyl Alcohol Demand Share Forecast, 2019-2026
7. North America Ethyl Alcohol Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Ethyl Alcohol Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Ethyl Alcohol Market Size and Volume Forecast by Applications
     7.4.1. Fuel
     7.4.2. Industrial Solvent
     7.4.3. Bactericide/Disinfectant
     7.4.4. Beverages
     7.4.5. Personal Care
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Ethyl Alcohol Demand Share Forecast, 2019-2026
8. Latin America Ethyl Alcohol Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Ethyl Alcohol Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Ethyl Alcohol Market Size and Volume Forecast by Applications
     8.4.1. Fuel
     8.4.2. Industrial Solvent
     8.4.3. Bactericide/Disinfectant
     8.4.4. Beverages
     8.4.5. Personal Care
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Ethyl Alcohol Demand Share Forecast, 2019-2026
9. Europe Ethyl Alcohol Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Ethyl Alcohol Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Ethyl Alcohol Market Size and Volume Forecast by Applications
     9.4.1. Fuel
     9.4.2. Industrial Solvent
     9.4.3. Bactericide/Disinfectant
     9.4.4. Beverages
     9.4.5. Personal Care
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Ethyl Alcohol Demand Share Forecast, 2019-2026
10. Asia Pacific Ethyl Alcohol Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Ethyl Alcohol Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Ethyl Alcohol Market Size and Volume Forecast by Applications
     10.4.1. Fuel
     10.4.2. Industrial Solvent
     10.4.3. Bactericide/Disinfectant
     10.4.4. Beverages
     10.4.5. Personal Care
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Ethyl Alcohol Demand Share Forecast, 2019-2026
11. Middle East & Africa Ethyl Alcohol Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Ethyl Alcohol Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Ethyl Alcohol Market Size and Volume Forecast by Applications
     11.4.1. Fuel
     11.4.2. Industrial Solvent
     11.4.3. Bactericide/Disinfectant
     11.4.4. Beverages
     11.4.5. Personal Care
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Ethyl Alcohol Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Ethyl Alcohol Market: Market Share Analysis
  12.2. Ethyl Alcohol Distributors and Customers
  12.3. Ethyl Alcohol Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ADM
     12.4.2. Valero
     12.4.3. Bunge North America
     12.4.4. Flint Hills Resources
     12.4.5. POET LLC
     12.4.6. Green Plains Inc.

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