세계의 재생 에탄올 시장 예측 : 생산 공정별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Renewable Ethanol Market is accounted for $735.99 million in 2024 and is expected to reach $7,475.00 million by 2030 growing at a CAGR of 47.2% during the forecast period. Renewable ethanol, often referred to as bioethanol, is a form of alcohol derived from biomass, primarily through the fermentation of sugars found in plant materials such as corn, sugarcane, and agricultural waste. As a renewable energy source, it plays a crucial role in reducing greenhouse gas emissions compared to fossil fuels. The production of renewable ethanol not only helps in diversifying energy sources but also supports rural economies through agricultural cultivation and processing.

According to the Renewable Fuels Association, the cumulative decline in production from March to November 2020 was estimated to be 2.0 billion gallons (BG). This indicated a decline of 50% in production when compared with 2019.

Market Dynamics:

Driver:

Growing consumer demand for sustainable and eco-friendly products

As awareness of environmental issues increases, consumers are actively seeking alternatives to fossil fuels, leading to a surge in the adoption of biofuels like renewable ethanol. This biofuel, produced from plant materials such as corn, sugarcane, and agricultural waste, not only reduces greenhouse gas emissions but also supports sustainable agricultural practices. The incorporation of renewable ethanol in transportation fuels aligns with global efforts to combat climate change and decrease dependency on non-renewable resources. As consumers prioritize sustainability in their purchasing decisions, the renewable ethanol sector is positioned for robust growth, fostering innovation and contributing to a greener economy while meeting the demand for cleaner energy solutions.

Restraint:

Cost competitiveness

Cost competitiveness poses a significant challenge for the renewable ethanol industry, primarily due to the lower prices of fossil fuels. Traditional gasoline often remains cheaper, making it difficult for renewable ethanol to compete in the marketplace. Production costs for ethanol, driven by feedstock prices, processing technologies, and infrastructure investments, can be higher compared to fossil fuels. Fluctuations in agricultural yields and global commodity prices further complicate the economic landscape for ethanol producers. Consumer perceptions and a lack of widespread infrastructure for ethanol distribution can hinder adoption.

Opportunity:

Infrastructure development

Infrastructure development plays a crucial role in enhancing renewable ethanol production by improving supply chains, processing facilities, and distribution networks. Upgraded transportation systems, such as rail and road networks, facilitate the efficient movement of biomass to refineries, ensuring a steady supply of feedstock for ethanol production. Investment in advanced processing technologies allows for higher yields and more sustainable practices, reducing waste and energy consumption. Additionally, expanding storage facilities ensures that ethanol can be safely stored and distributed, making it more accessible to consumers. Enhanced blending infrastructure at fuel stations increases the availability of renewable ethanol, encouraging its adoption as a cleaner alternative to fossil fuels.

Threat:

Environmental concerns

Environmental concerns surrounding renewable ethanol production primarily stem from its impact on land use, water resources, and biodiversity. While ethanol is often touted as a cleaner alternative to fossil fuels, the cultivation of crops like corn for ethanol can lead to deforestation, soil degradation, and habitat loss. Intensive farming practices often require significant water use and fertilizers, which can contribute to water pollution and depletion of aquifers. The conversion of natural ecosystems into agricultural land poses a threat to wildlife and biodiversity.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the renewable ethanol industry, primarily through disruptions in supply chains and decreased demand. Lockdowns and travel restrictions led to a dramatic decline in fuel consumption, especially in the transportation sector, which relies heavily on ethanol-blended fuels. This resulted in reduced production rates, as many ethanol plants were forced to halt operations or scale back output due to oversupply and plummeting prices. The shift in consumer behavior toward more sustainable practices faced setbacks, as economic uncertainty made investors cautious.

The Cellulosic Ethanol Production segment is expected to be the largest during the forecast period

Cellulosic Ethanol Production segment is expected to be the largest during the forecast period, leveraging non-food biomass, such as agricultural residues, wood chips, and dedicated energy crops. Unlike traditional ethanol derived from corn or sugarcane, cellulosic ethanol utilizes the cellulose and hemicellulose components of plant materials, which are abundant and often underutilized. This process not only helps in reducing greenhouse gas emissions but also mitigates food versus fuel debates by relying on waste and non-edible plant materials. The production involves complex biochemical processes, including pretreatment, hydrolysis, and fermentation, requiring advanced technologies to efficiently convert cellulose into fermentable sugars.

The Pharmaceuticals segment is expected to have the highest CAGR during the forecast period

Pharmaceuticals segment is expected to have the highest CAGR during the forecast period. The pharmaceuticals segment is increasingly turning to renewable ethanol as a sustainable alternative to traditional petrochemical-derived solvents and reagents. Ethanol, derived from biomass such as corn and sugarcane, offers a greener solution for drug formulation, extraction, and purification processes. This shift is driven by the pharmaceutical industry's commitment to reducing its carbon footprint and enhancing environmental sustainability. Renewable ethanol not only minimizes reliance on fossil fuels but also contributes to a circular economy by utilizing agricultural waste.

Region with largest share:

Europe region is anticipated to command the largest share of the Renewable Ethanol Market throughout the extrapolated period. As public and governmental concerns about environmental sustainability grow, there is a heightened push for alternative energy sources that can reduce carbon emissions. Ethanol, produced from biomass such as sugarcane, corn, and agricultural waste, offers a cleaner fuel option that can help decrease dependency on fossil fuels. European nations are implementing stricter regulations and policies to promote renewable energy, including incentives for ethanol production and usage. This transition not only supports agricultural economies by creating new markets for crop production but also fosters innovation in biofuel technology across the region.

Region with highest CAGR:

Europe region is estimated to witness profitable growth over the projected period. Initiatives such as the Renewable Energy Directive (RED II) aim to increase the use of renewable energy sources, mandating a specific share for biofuels, including ethanol, in transportation. Financial incentives, such as subsidies and tax breaks, encourage investment in advanced biofuel technologies, fostering innovation and production scalability. Additionally, stringent greenhouse gas reduction targets compel industries to shift towards cleaner alternatives, bolstering demand for renewable ethanol. Governments are also supporting research and development initiatives to improve production efficiency and feedstock diversification. These elements are enhancing the regional growth.

Key players in the market

Some of the key players in Renewable Ethanol market include Archer Daniels Midland Company, Cargill, Inc, Iogen Corporation, Novozymes A/S, Raven Industries, Inc, Renewable Energy Group, Inc, Syngenta AG, Tereos Group and Valero Energy Corporation.

Key Developments:

In July 2024, Syngenta AG, a leader in agricultural innovation, and Ginkgo Bioworks, known for its pioneering platform in cell programming and biosecurity, have announced a new partnership to accelerate the development and launch of a novel biological solution. This collaboration builds on their previous work together on next-generation seed technology.

In August 2023, Raven Industries, Inc Launches Pre-Order for Harvesting Automation Solution, Unveils Ag Technology Advancements at Farm Progress. Raven leverages its proven track record of leading innovation to accelerate integration with CNH Industrial platforms, creating a cohesive user experience.

Production Processes Covered:

• Fermentation of Starch Crops
• Fermentation of Sugar Crops
• Cellulosic Ethanol Production

End Users Covered:

• Industrial
• Transportation Fuel
• Pharmaceuticals
• Automotive
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Renewable Ethanol Market, By Production Process

• 5.1 Introduction
• 5.2 Fermentation of Starch Crops
• 5.3 Fermentation of Sugar Crops
• 5.4 Cellulosic Ethanol Production

6 Global Renewable Ethanol Market, By End User

• 6.1 Introduction
• 6.2 Industrial
• 6.3 Transportation Fuel
• 6.4 Pharmaceuticals
• 6.5 Automotive
• 6.6 Other End Users

7 Global Renewable Ethanol Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Archer Daniels Midland Company
• 9.2 Cargill, Inc
• 9.3 Iogen Corporation
• 9.4 Novozymes A/S
• 9.5 Raven Industries, Inc
• 9.6 Renewable Energy Group, Inc
• 9.7 Syngenta AG
• 9.8 Tereos Group
• 9.9 Valero Energy Corporation