Europe Ethanol Market, By Raw Material (Bio based and Synthetic), Type (Ethanol 95%, Absolute Ethanol, Denatured Ethanol and Others), Industry (Cosmetics and Personal Care, Electronics, Construction, Automotive, Pharmaceutical, Agricultural, Paints and Coatings, Food and Beverage and Others) – Industry Trends and Forecast to 2029.
Europe Ethanol Market Analysis and Size
Ethanol is frequently used in the medical field to create pharmaceuticals and antidotes that lead to unprecedented growth. New competitors are seizing this once-in-a-lifetime opportunity with a calculated profit-maximizing strategy. Several studies show that ethanol demand has increased significantly despite numerous challenges. With rising demand from the automotive and aviation industries, the growth chart is impressive.
Data Bridge Market Research analyses that the ethanol market was valued at USD 10.3 billion in 2021 and is expected to reach the value of USD 14.87 billion by 2029, at a CAGR of 4.7% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe Ethanol Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Raw Material (Biobased and Synthetic), Type (Ethanol 95%, Absolute Ethanol, Denatured Ethanol and Others), Industry (Cosmetics and Personal Care, Electronics, Construction, Automotive, Pharmaceutical, Agricultural, Paints and Coatings, Food and Beverage and Others)
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Countries Covered
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Germany, U.K, Italy, France, Spain, Russia, Belgium, Switzerland, Netherlands, Turkey and Rest of Europe
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Market Players Covered
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Akzo Nobel N.V. (Netherlands), Clariant AG (Switzerland), Dow (U.S.), Huntsman International LLC (U.S.), Stepan Company (U.S.), India Glycols Limited (India), SABIC (Saudi Arabia), PJSC Nizhnekamskneftekhim (Russia), Solvay (Belgium), Fibrol (India), Niram Chemicals. (India), KH Chemicals (Netherlands), Shubh Industries (India), Shree Vallabh Chemicals (India), Matangi Industries (India), Mona Exim Inc. (India), Merck KGaA (Germany) and PCC Exol SA (Poland)
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Opportunities
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Market Definition
Ethanol is a clear, colourless liquid with several properties such as a pleasant odour, flammability, colourlessness, and a slightly toxic chemical compound. Ethanol has a slightly sweet flavour in dilute aqueous solution, but a burning flavour in concentrated solution. Ethanol has the formula CH3CH2OH and is an alcohol, which is a group of chemical compounds with a hydroxyl group, -OH, bonded to a carbon atom.
Europe Ethanol Market Dynamics
Drivers
- Ethanol as a fuel
The growing use of ethanol as a fuel is expected to accelerate the growth of the ethanol market during the forecast period. The automobile industry has grown significantly in recent years as a result of advancements in the design of compact and high-efficiency motors. Furthermore, the aviation industry took advantage of the opportunity to experiment with ethanol blending, resulting in a significant advance in fuel innovation. Because raw materials are produced in large quantities around the world, ethanol production is a low-cost procedure. It is possible to replace a significant amount of crude oil imported from countries such as India, where raw materials are abundant.
- High demand for alcohol beverages
Previously considered luxury items, ethyl alcohol-containing beverages are now gradually becoming a necessity in the majority of households worldwide. Last but not least, government initiatives around the world to aid in the production of self-sufficient fuel and to encourage the establishment of new businesses have increased ethanol sales during the forecast period.
Opportunities
- Intervention of bio-ethanol fuels
The European Committee for Standardization (CEN) commissioned research into the costs and benefits of introducing a 20% bioethanol fuel, or E20. Europe is also preparing to introduce E20 fuel, which contains 20% ethanol and will help boost octane ratings while also allowing the development of more efficient automobile engines.
Restraints
- Lack of arable land
Due to a lack of available free land in the region for crop production of bioethanol crops, the demand for bioethanol products cannot be met, limiting the growth of the European ethanol market.
- A shift towards electric vehicles
The increasing shift of people to electric vehicles, government initiatives to promote electric vehicle adoption, and the introduction of new hybrid and electric vehicles will pose a challenge to Europe's ethanol market.
This ethanol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethanol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Ethanol Market
Due to the ongoing COVID-19 pandemic, the use of alcohol-based hand sanitizers has increased. According to the Food and Drug Administration, ethanol can be used as an active ingredient in hand sanitizers. As a result, the target industry's leading players are focusing on increasing ethanol production in order to gain a competitive advantage in the global market. Furthermore, COVID-19 can be treated with ethanol vapour inhalation, according to data published by the National Institutes of Health (NIH) in September 2020. A drug that combines ethanol and aspirin is in its third phase of clinical trials and has the potential to treat viral diseases. This has the potential to boost the growth of the ethanol industry.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Europe Ethanol Market Scope
The ethanol market is segmented on the basis of raw material, type and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw material
- Synthetic
- Bio-based
Type
- Ethanol 95%
- Absolute Ethanol
- Denatured Ethanol
- Others
Industry
- Cosmetics and Personal Care
- Electronics
- Construction
- Automotive
- Pharmaceutical
- Agricultural
- Paints and Coatings
- Food and Beverage
- Others
Ethanol Market Regional Analysis/Insights
The ethanol market is analyzed and market size insights and trends are provided by country, raw material, type and industry as referenced above.
The countries covered in the ethanol market report are Germany, U.K, Italy, France, Spain, Russia, Belgium, Switzerland, Netherlands, Turkey and Rest of Europe.
Germany dominates the European ethanol market because ethanol production and consumption are increasing in the country. Germany is expected to grow at the fastest rate during the forecast period due to increased demand for bio-based fuel in automobiles in the country. It is leading the growth of the Europe ethanol market due to the ease of producing bio-based ethanol.
The United Kingdom dominates the Europe ethanol market with the second highest market share due to increased consumption of alcoholic beverages in which bio-based ethanol is used, while France dominates the Europe ethanol market with the third highest market share due to increased crop plantation of bio-based crops in the country, allowing bio-based raw materials to dominate in the market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ethanol Market Share Analysis
The ethanol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethanol market.
Some of the major players operating in the ethanol market are:
- Akzo Nobel N.V. (Netherlands)
- Clariant AG (Switzerland)
- Dow (U.S.)
- Huntsman International LLC (U.S.)
- Stepan Company (U.S.)
- India Glycols Limited (India)
- SABIC (Saudi Arabia)
- PJSC Nizhnekamskneftekhim (Russia)
- Solvay (Belgium)
- Fibrol (India)
- Niram Chemicals. (India)
- KH Chemicals (Netherlands)
- Shubh Industries (India)
- Shree Vallabh Chemicals (India)
- Matangi Industries (India)
- Mona Exim Inc. (India)
- Merck KGaA (Germany)
- PCC Exol SA (Poland)
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