Industrial Ethanol Market
Regions Covered
Global
Regions Covered
Global
The global industrial ethanol market is set to grow at a CAGR of 2 percent over the next five years Non-fuel ethanol accounts for approximately 20 billion litres of the total ethanol production. In other words, 15-20 percent of the total ethanol consumption is for non-fuel applications such as chemicals, plastics, pharmaceutical and beverage industries, including cosmetics, cleaning products, paints and alcoholic drinks. In terms of production (entire ethanol industry), US accounts for 57 percent, followed by Brazil with 28 percent and then, Europe accounting for 6 percent. However, Asia and Brazil are the largest producers of non-fuel ethanol accounting for more than 60 percent of the total non-fuel production.. Demand and production is expected to grow in tandem and the market is expected to remain balanced with a very narrow supply-demand gap. Asia is the center for industrial ethanol market, as it is the largest producer as well as consumer of industrial grade ethanol, accounting for slightly over 50 percent of the market…Europe, with its large base of pharmaceutical, personal care and food and beverage industries, is the second largest consuming region for industrial grade ethanol, accounting for more than 2.5 billion litres..
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