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市場調査レポート
商品コード
1387701
エチルアルコールの世界市場レポート 2024年Ethyl Alcohol Global Market Report 2024 |
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カスタマイズ可能
適宜更新あり
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エチルアルコールの世界市場レポート 2024年 |
出版日: 2023年11月28日
発行: The Business Research Company
ページ情報: 英文 175 Pages
納期: 2~10営業日
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エチルアルコール市場規模は近年力強く成長しています。2023年の5,616億8,000万米ドルから2024年には6,012億米ドルへと、CAGR7.0%で拡大します。この期間に見られた成長は、アルコール飲料の需要、医薬品・ヘルスケア分野、工業・化学製造、パーソナルケア・化粧品業界など、いくつかの主要な要因によるものです。これらの産業は、その期間の成長を促進する上で重要な役割を果たしました。
食品加工分野でのエタノールへの意欲の高まりは、エチルアルコール市場拡大の大きな要因となっています。エチルアルコールは、ウォッカやジンなどの人気商品を含むアルコール飲料やノンアルコール飲料の製造に欠かせない成分として役立っています。さらに、ノンアルコール飲料の天然添加物としても利用されています。食品加工業界は大幅な成長を遂げているが、これは主に、調理済み食品、冷凍食品、包装食品に対する消費者需要の増加が要因となっています。この需要の高まりは、自然分娩と移住の両方による人口増加の結果であり、その結果、生産量が増加し、ひいては業界内のエタノール需要が急増します。特筆すべきは、食品加工セクターにおけるこのエタノールへの意欲の高まりが、世界のエチルアルコール市場の拡大を牽引すると予想されることです。一例として、インドのエタノール市場は2024年までに73億8,000万米ドルに達すると予測され、CAGRは14.50%です。食品加工におけるエタノール需要の増加は、予測期間中にエチルアルコール市場を推進する極めて重要な要因になると考えられています。
2023年のエチルアルコール市場で最大の地域はアジア太平洋でした。北米は世界のエチルアルコール市場で2番目に大きい地域でした。エチルアルコール市場レポートの対象地域は、アジア太平洋、西欧、中東欧、北米、南米、中東・アフリカです。
“Ethyl Alcohol Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ethyl alcohol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ethyl alcohol? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ethyl alcohol market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Ethyl alcohol, also known as ethanol or grain alcohol, is a volatile, flammable, and clear liquid with significant industrial utility. It serves as a chemical precursor for pharmaceutical ingredient production and functions as a solvent in various industrial processes. Ethyl alcohol plays a pivotal role as a solvent in the synthesis of other organic compounds and is a key ingredient in alcoholic beverages. Additionally, it serves as an additive in the automotive sector, enhancing gasoline properties.
There are two primary types of ethyl alcohol such as synthetic and fermented. Ethyl alcohol fermentation is a chemical process in which yeast converts glucose and fructose in a solution into ethanol, carbon dioxide, and heat. The versatile applications of ethyl alcohol span across industrial solvents, fuel and fuel additives, disinfectants, beverages, personal care products, and various other uses. It finds its primary markets in automotive, food and beverages, pharmaceuticals, personal care, and other sectors.
The ethyl alcohol market research report is one of a series of new reports from The Business Research Company that provides ethyl alcohol market statistics, including ethyl alcohol industry global market size, regional shares, competitors with an ethyl alcohol market share, detailed ethyl alcohol market segments, market trends and opportunities, and any further data you may need to thrive in the ethyl alcohol industry. This ethyl alcohol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ethyl alcohol market size has grown strongly in recent years. It will grow from $561.68 billion in 2023 to $601.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth witnessed during the historical period can be attributed to several key factors, including the demand for alcoholic beverages, the pharmaceutical and healthcare sector, industrial and chemical manufacturing, as well as the personal care and cosmetics industry. These industries played a significant role in driving growth during that period.
The ethyl alcohol market size is expected to see strong growth in the next few years. It will grow to $785.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be linked to various driving factors, including the expansion of renewable energy and biofuels, the continuous growth of the pharmaceutical and healthcare sectors, innovations in chemical manufacturing, and the increased focus on sustainable packaging solutions. Furthermore, several noteworthy trends are expected to shape this forecast period, such as the adoption of bio-based ethyl alcohol, the development of advanced pharmaceutical formulations, the implementation of circular economy initiatives, and the integration of digital transformation within ethyl alcohol production processes. These factors are poised to have a significant impact on business operations and opportunities in the industry during the forecasted timeframe.
The growing appetite for ethanol within the food processing sector is a significant driver of the ethyl alcohol market's expansion. Ethyl alcohol serves as a crucial component in the production of alcoholic and non-alcoholic beverages, including popular choices like vodka and gin. Furthermore, it finds application as a natural additive in non-alcoholic beverages. The food processing industry is experiencing substantial growth, primarily fueled by the increasing consumer demand for ready-to-eat, frozen, and packaged foods. This heightened demand is a result of population growth through both natural births and migrations, consequently leading to increased production and, in turn, a surge in the requirement for ethanol within the industry. Notably, this growing appetite for ethanol in the food processing sector is expected to drive the global ethyl alcohol market's expansion. As an example, the Indian ethanol market is projected to reach $7.38 billion by 2024, with a compound annual growth rate (CAGR) of 14.50%, largely due to its applications in the food and beverages sector. The increasing demand for ethanol in food processing is poised to be a pivotal factor propelling the ethyl alcohol market during the forecasted period.
The ethyl alcohol market is poised for substantial growth, primarily driven by the increasing demand for personal care products. Personal care products encompass a wide array of items used for personal hygiene, cleaning, and grooming, including shampoos, conditioners, toothpaste, creams, cosmetics, and various household products. Ethyl alcohol, also known as ethanol, serves as a versatile ingredient in these products, offering several advantageous properties that enhance their effectiveness and overall performance. For instance, a notable example from February 2023, L'Oreal S.A., a prominent personal care company based in France, reported significant growth in consumer product sales, with an increase from 11.8% to 14.6%, while active cosmetics sales rose from 28.0% to 30.6% between the third and fourth quarters of 2022. Furthermore, data from January 2021, as shared by Automat.ai, a Canadian business service and software company, revealed that skincare product sales in the United States grew by 13% in 2020, with a 1% increase in makeup item sales. Online beauty retailers experienced a remarkable 24% growth, with skincare products leading the way. This surge in demand for personal care products has become a significant driving force behind the ethyl alcohol market's growth. Ethyl alcohol's multifaceted utility in the personal care industry underscores its pivotal role in enhancing the performance and appeal of these products.
The growth of the ethyl alcohol market is expected to face limitations due to the increasing awareness of the adverse effects associated with alcohol consumption. A study conducted by the World Health Organization (WHO) has revealed that alcohol consumption is linked to more than 200 diseases and injury conditions, posing significant health risks, including mental and behavioral disorders, liver cirrhosis, cardiovascular diseases, and road accidents. As global awareness about the detrimental impacts of alcohol consumption on health continues to rise, there is a growing demand for information regarding alcohol consumption and its associated risks, along with the implementation of related policies. For example, data from January 2023, sourced from the National Institute on Alcohol Abuse and Alcoholism, a U.S.-based government agency, indicates that alcohol use accounted for 47.4% of the 100,530 liver disease-related deaths among adults aged 12 and older in 2021. These findings are expected to have an adverse impact on the ethyl alcohol market as concerns about the health consequences of alcohol consumption continue to grow.
Companies are increasingly focusing on ethanol production derived from corn and sugar within the ethyl alcohol market. Ethanol is obtained from corn through the dry milling process, where corn kernels are ground into a flour-like consistency and mixed with water. Subsequent purification is achieved through distillation and dehydration to yield ethanol. This heightened interest in corn-based and sugar-based ethanol production is driven by various factors. The escalating demand for liquid fuels in the transportation sector, the global increase in the need for oil, and the mounting concerns regarding the environmental impact of global warming have all played pivotal roles in driving the utilization of corn-based sugar for ethanol production. This shift contributes to a reduction in greenhouse gas emissions. Furthermore, ethanol derived from corn and sugar can serve as a viable alternative to gasoline in many contemporary passenger cars and trucks. The U.S. Department of Agriculture (USDA) forecasts a significant increase in corn allocation for ethanol production, with 5.2 billion hectares of corn earmarked for this purpose during the 2020-21 crop season, reflecting a notable increase of 250 million hectares. Notably, the United States and Brazil jointly account for 85% of the global ethanol production from corn. The production of ethanol from corn results in an 18% reduction in greenhouse gases, while ethanol from sugar brings about an impressive 90% reduction. This dual approach to ethanol production offers numerous advantages, including mitigating greenhouse gas emissions and reducing reliance on foreign oil sources.
Prominent companies within the ethyl alcohol market are placing a strong emphasis on technological innovation, particularly in the realm of sustainable aviation fuel (SAF) technology, as a strategic move to maintain a competitive edge in the market. Sustainable Aviation Fuel technology involves the development and production of aviation fuels that are more environmentally friendly and possess a lower carbon footprint when compared to conventional aviation fuels derived from fossil sources. For example, in September 2023, Lummus Technology LLC, a leading US-based producer of both conventional and renewable transportation fuels, introduced a groundbreaking Sustainable Aviation Fuel Technology rooted in ethanol. This technology plays a pivotal role in reducing greenhouse gas emissions within the aviation sector, providing a reliable and sustainable alternative to traditional aviation fuels. The process seamlessly incorporates ethanol into ethylene (EtE), utilizes olefin oligomerization, and employs various refining techniques to produce sustainable aviation fuel (SAF). This innovation underscores the commitment of major industry players to advancements that enhance the environmental sustainability of aviation fuels, offering a significant competitive advantage in the market.
In October 2022, CIE, a prominent US-based global supplier of high-quality, specialty alcohols derived from grains, completed the acquisition of Elkhorn Valley Ethanol from Louis Dreyfus Company, a global leader in agricultural commodities. This acquisition significantly augments CIE's production capacity, widens its geographical presence, and broadens its customer portfolio through the integration of Elkhorn Valley Ethanol's assets. Elkhorn Valley Ethanol, an American ethanol producer, now becomes part of CIE, enhancing the company's position and capabilities in the industry.
Major companies operating in the ethyl alcohol market include Advanced Bioenergy LLC, Andersons Ethanol Group, Archer Daniels Midland Company, Braskem SA, BP plc, Cargill Corporation, Green Plains Inc., Kirin Holding Company Limited, LyondellBasell Industries NV, Mitsubishi Chemical Corporation, Alto Ingredients Inc., Saudi Arabia's Basic Industries Corporation, Sasol Limited, Solvay Group, Valero Energy Corporation, INEOS Group Holdings SA, Merck Millipore, Midwest Renewable Energy LLC, ChemCeed LLC, Vigon International, an Azelis Company, CJ Chemicals LLC, Maxill Inc., Barentz BV, SAE International, Exxon Mobil Corporation, Vinmar International Ltd., Ethanol US LLC, Aemetis Inc., Greenfield Global Inc., ECSA Chemicals SA, Penta Manufacturing Company, Sigma-Aldrich Co. LLC, Spectrum Chemical Manufacturing Corp., Alfa Aesar, Fisher Scientific International Inc.
Asia-Pacific was the largest region in the ethyl alcohol market in 2023. North America was the second-largest region in the global ethyl alcohol market. The regions covered in the ethyl alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the ethyl alcohol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The ethyl alcohol market consists of the sales of ethyl alcohol used in products such as perfumes, aftershaves, beverages, liniments, colognes, medicinal liquids, mouthwashes, and rubbing alcohols. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.