According to a report,”U.S. Industrial Ethanol Market Size, Share & Trends Analysis Report By Grade, By Source (Agriculture, Synthetic), By Application (Food & Beverage, Cosmetics & Personal Care), And Segment Forecasts, 2019 – 2025″, published by Grand View Research, Inc., The U.S. industrial ethanol market size is expected to reach USD 44.20 billion by 2025, according to a new study by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.9% over the forecast period. The market is majorly driven by increasing demand from various application industries such as food and beverage, cosmetics and personal care, pharmaceuticals, electronics, and fuel. The country has produced ethanol at record levels and experienced an increase in domestic and export demand accompanied by the construction of new production facilities in 2017.
Industrial ethanol market in U.S. is anticipated to continue witnessing impressive growth on account of growing demand from various application industries. The regional growth is driven by the individual contribution in application industries such as pharmaceutical, fuel, cosmetics and personal care, printing inks, paints and coatings, detergents, and food and beverages.
Key Takeaways from the report:
In terms of revenue, industrial segment in the U.S. industrial ethanol market is projected to expand at a CAGR of 3.2% over the forecast period
Agriculture was the largest source segment in 2016 and is anticipated to continue dominating the market through the forecast period.
Food and beverage segment is projected to augment at a CAGR of 4.6%, in terms of revenue over the forecast period on account burgeoning alcoholic and nonalcoholic beverage industries in the country
Key market players are Cargill, Inc.; Grain Millers, Inc.; MGP Ingredients, Inc.; Cristalco SAS; and Greenfield Global
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Ethanol is heavily used in transportation sector as a fuel, primarily driven by the ethanol mandates made by the U.S. government. Moreover, growing alcoholic and non-alcoholic beverage industry in the country is expected to further bolster growth of industrial grade ethanol over the forecast period. Burgeoning alcoholic and nonalcoholic beverage industries in the U.S. owing to factors such as changing lifestyles and increasing disposable income are anticipated to further boost the demand.
Ethanol is also widely used in various cosmetics and personal care products such as perfumes, deodorants, hairsprays, and other related products. It is used in a broad range of products where there is direct exposure to the human skin as it is made from the fermentation of sugars of corn, sugarcane, or wheat. . Corn is the primary agriculture feedstock used for the production of ethanol. However, stringent government regulations and volatile raw material prices, especially corn, are posing a challenge to the growth of the U.S. industrial ethanol market.
Grand View Research has segmented the U.S. industrial ethanol market on the basis of grade, source, and application:
U.S. Industrial Ethanol Grade Outlook (Volume, Million Gallons; Revenue, USD Million, 2014 – 2025)
U.S. Industrial Ethanol Source Outlook (Volume, Million Gallons; Revenue, USD Million, 2014 – 2025)
U.S. Industrial Ethanol Application Outlook (Volume, Million Gallons; Revenue, USD Million, 2014 – 2025)
Food & Beverage
Cosmetics & Personal Care
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About Grad View Research, Inc.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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