Ethyl Alcohol (Ethanol) Market Size

Statistics for the 2023 & 2024 Ethyl Alcohol (Ethanol) market size, created by Mordor Intelligence™ Industry Reports. Ethyl Alcohol (Ethanol) size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Ethyl Alcohol (Ethanol) Industry

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Ethyl Alcohol (Ethanol) Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Ethyl Alcohol (Ethanol) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Ethanol Market Analysis

The ethyl alcohol (ethanol) market is expected to register a CAGR of more than 5% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to reach pre-pandemic levels and is expected to grow steadily in the future

  • Major factors driving the market studied growth is the rising ethanol demand as biofuel, the growing use in beer production and food processing, and stringent government policies to restrict the usage of fossil fuels.
  • Conversely, increased awareness about the ill effects of alcohol consumption and the hybrid electric vehicle advent is likely to hamper the market studied growth.
  • The surging demand to produce ethanol from corn and sugar will likely provide opportunities for the market studied during the forecast period.
  • North America dominated the market across the world due to increasing regulations and rising demand for the food processing industry.

Ethanol Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)