市場調查報告書
商品編碼
1489500
全球乙醇市場 - 2024-2031Global Ethanol Market - 2024-2031 |
※ 本網頁內容可能與最新版本有所差異。詳細情況請與我們聯繫。
概述
全球乙醇市場將於 2023 年達到 1,025 億美元,預計到 2031 年將達到 1,538 億美元,2024-2031 年預測期間複合年成長率為 5.2%。北美,特別是美國,是全球乙醇需求的主要驅動力。近年來,隨著經濟的強勁成長,它們已迅速成為世界領先的金融、貿易和工業中心。
乙醇可以從植物材料和農業副產品等天然來源中提取。從這些資源生產乙醇的過程比其他能源消耗的能源要少得多,從長遠來看,它是一種更永續的選擇。此外,乙醇的碳足跡比化石燃料低得多,這意味著它在燃燒時不會向大氣中產生那麼多有害排放物,使其成為環保選擇。
乙醇之所以成為如此受歡迎的選擇,是因為它能夠直接轉化為液體燃料,然後可以用來滿足運輸能源需求,乙醇工業和其他生物燃料工業正在迅速變得越來越受歡迎,由於這個因素,乙醇市場持續成長。
此外,現在正在使用先進的過濾方法來去除和減少乙醇中的污染物,從而獲得更高品質的產品,其中還包括安裝新的過濾系統,例如超濾和奈米濾。膜材料來分離分子不同尺寸的,可以更徹底純化乙醇。
近年來,由於運輸業需求的增加,全球乙醇市場持續成長。交通運輸業的特別成長是由於其相對於傳統汽油和柴油燃料的高效燃燒和低碳排放。另一個優點包括可能為消費者節省價格,因為它通常比其他燃料便宜。
此外,微生物燃料電池是該領域的主要發展方向,具有多種優勢,因為它們可用於從農業廢物和廢水(如玉米稈、甘蔗渣和啤酒廢水)生產可再生能源,這使其成為替代能源的有吸引力的選擇。
動力學
乙醇作為再生汽油的好處
乙醇作為現代世界可靠的可再生汽油來源越來越受歡迎。其可再生、清潔燃燒的特性以及對環境的豐富性是其在市場上受歡迎的主要原因。使用乙醇作為再生汽油來源的主要優點與其可再生性及其對環境的正面影響有關。最突出的好處是乙醇是一種可再生資源,因此它可以減少我們對有限化石燃料的依賴。
由於其環境效益,乙醇作為再生燃料選擇越來越受歡迎。與傳統汽油相比,它產生的碳和氮氧化物排放量更少,使其成為更清潔的燃燒替代品。其可再生原料是永續的,並且比石油燃料對環境的影響更小。許多產業都採取了措施來促進使用乙醇作為再生燃料來源。
此外,還有許多政府補貼和措施來促進生物燃料生產,例如美國能源部製定的貸款擔保計劃,以幫助資助生產先進生物燃料的商業規模生物煉油廠的開發、建設和改造。
對清潔燃燒燃料的需求不斷成長
乙醇作為可再生生物燃料市場正在興起並越來越受歡迎,證明了它是汽車行業的主要組成部分。對提高燃油效率和減少排放的需求不斷增加,導致消費者對更有效率、更清潔的燃燒燃料來源的需求增加。因此,乙醇和再生生物燃料市場在過去幾年中急劇成長。作為一種經濟實惠且清潔的燃燒燃料選擇,乙醇越來越受到消費者的歡迎。
由於多種因素,對環保燃料的需求不斷增加,包括傳統燃料成本的上漲、對排放的環境擔憂以及政府和國家對使用再生能源的激勵措施。在巴西,政府提高了使用石油基燃料的稅收價格,高於使用乙醇基燃料的稅收價格。因此,對乙醇汽油的需求顯著增加,並有助於推動乙醇市場的成長。
用乙醇生物燃料打造更綠色的未來
由於乙醇生物燃料具有減少溫室氣體排放的潛力,長期以來一直被用作環保能源。因此,乙醇生物燃料的生產和使用預計可減少高達 88% 的溫室氣體排放。
乙醇生物燃料比化石燃料燃燒更清潔,使其成為空氣污染方面更環保的選擇。乙醇生物燃料產生的揮發性有機化合物、粒狀物和氮氧化物的排放量顯著降低,而這些都是空氣污染的主要原因。
傳統天然氣的廉價替代品
乙醇燃料通常比傳統汽油便宜,根據地區不同,價格差異可能相當大。乙醇燃料的生產成本較低,很大程度上是由於其再生性,不需要石油和煤炭等有限資源,而成本的降低也是乙醇生物燃料最顯著的好處。
乙醇生物燃料可以幫助再生能源領域創造就業機會。透過投資乙醇燃料的生產,企業可以為對再生能源感興趣的個人創造更多就業機會。然而,這也有助於刺激經濟,因為更多與再生能源相關的就業機會被創造出來並提供給有資格的人。
乙醇限量生產
乙醇的供應有限對一些國家的全球乙醇市場產生了重大影響,因為它造成了供需中斷,導致乙醇價格上漲和一些國家的供應短缺。此外,由於供應有限,生產摻假乙醇和品質較低的乙醇的風險增加,這可能會影響整個市場的聲譽。
According to US Department of Agriculture (USDA) global ethanol production decreased from nearly 95 billion liters in 2018 to 85 billion liters in 2022,which was primarily due to reduced availability of ethanol in certain countries, such as China and India and the negative impact of COVID-19.乙醇供應量的減少是由於對生物柴油和再生柴油等其他生物燃料的需求增加,以及玉米和甘蔗等原料供應量的減少。
乙醇生物燃料監管的挑戰
政府對生產和使用乙醇生物燃料的政策和激勵措施可能會在沒有警告的情況下迅速變化,這種不確定性會導致企業對燃料的投資上下波動。對於投資乙醇生物燃料生產和使用的企業來說,監管不確定性是一個難以預測和難以應對的問題。
美國環保署制定了聯邦再生燃料標準,要求燃料精煉廠每年在汽油中添加一定比例的乙醇。當再生燃料標準水準定得太低時,對乙醇的需求可能會減少,導致價格下跌並降低乙醇生產商的獲利能力。
Overview
Global Ethanol Market reached US$ 102.5 Billion in 2023 and is expected to reach US$ 153.8 Billion by 2031 growing with a CAGR of 5.2% during the forecast period 2024-2031. North America and particularly United States, is a major driver of global demand for ethanol. With their strong economic growth in recent years, they have quickly become the world's leading hub for finance, trade and industry.
Ethanol can be extracted from natural sources like plant material and agricultural by-products. The process of creating ethanol from these resources is much less energy-intensive than other sources of energy, making it a much more sustainable option over the long-term. In addition, ethanol has a much lower carbon footprint than fossil fuels which means that it does not produce as many harmful emissions into the atmosphere when it is burned, making it an environmentally friendly choice.
Ethanol became such a popular choice due to its ability to be directly converted into liquid fuels, which can then be used to meet transportation energy needs, the ethanol industry and other biofuel industries are quickly becoming more and more popular and because of this factor the ethanol market is on continuous growth.
Furthermore, advanced filtration methods are now being used to remove and reduce contaminants from ethanol, resulting in a higher quality product which further includes the installation of new filtration systems, such as ultrafiltration and nanofiltration .UF and NF systems use different membrane materials to separate molecules of different sizes, allowing for a more thorough purification of the ethanol.
The global ethanol market has seen constant growth in recent years due to the increased demand from the transportation sector. Particular growth in the transportation sector is due to its efficient combustion and low carbon emissions relative to traditional gasoline and diesel fuels. Another advantage includes potential price savings to consumers because it is typically cheaper than other fuels.
Furthermore, microbial fuel cells are the major development in this sector which is having several benefits as they can be used to produce renewable energy from agricultural waste and wastewater, such as corn stalks, sugarcane bagasse and brewery wastewater, that makes them an attractive alternative to traditional fuel sources such as oil and gas.
Dynamics
Benefits Of Ethanol As Renewable Gasoline
Ethanol is becoming increasingly popular as a reliable source of renewable gasoline in the modern world. Its renewable and clean burning properties, as well as its abundance in the environment are the major reasons for its popularity in the market. The main advantages of using ethanol as a source of renewable gasoline are related to its renewable nature and the positive environmental impacts it can have. The most prominent benefit is that ethanol is a renewable resource, so it can reduce our dependence on finite fossil fuel.
Ethanol is gaining popularity as a renewable fuel option due to its environmental benefits. It produces fewer carbon and nitrogen oxide emissions than traditional gasoline, making it a cleaner burning alternative. Its renewable source materials are sustainable and have a lesser environmental impact than petroleum-based fuels. So many industries have implemented initiatives to promote the use of ethanol as a renewable fuel source.
Also, So many government subsidies and initiatives are there to promote the biofuel production such as the loan guarantee program created by U.S. Department of Energy to help fund the development, construction and retrofitting of commercial-scale biorefineries that produce advanced biofuels.
Growing Demand For A Clean Burning Fuel
Ethanol as a renewable biofuel market is emerging and gaining popularity which proves it as a major part of the automotive industry. The constant increasing demand for better fuel efficiency and reduced emissions has led to an increasing demand from consumers for more efficient and clean burning fuel sources. As a result, the market for ethanol and renewable biofuels has grown dramatically in past years. Ethanol, in, is becoming more popular with consumers as an affordable and clean burning fuel option.
The demand for environmentally friendly fuel sources is increasing because of several factors, including the rising cost of conventional fuels, environmental concerns about emissions and governmental and state incentives for the use of renewable energy sources. In Brazil, the government increased tax prices on using petroleum-based fuels than it does for using ethanol-based fuels. Because of this a significant increase in the demand for ethanol-based gasoline is being reflected and helped to fuel a growth in the ethanol market.
Crafting a Greener Future with Ethanol Biofuel
Ethanol biofuel has been used from long time as an environmentally friendly source of energy due to its potential to reduce greenhouse gas emissions Ethanol biofuel has the potential to reduce greenhouse gas emissions because it does not release carbon dioxide as it burns, unlike fossil fuels. As a result, production and use of ethanol biofuel is estimated to reduce greenhouse gas emissions by up to 88%.
Ethanol biofuel burns cleaner than fossil fuels, making it a more environmentally friendly option when it comes to air pollution. The emissions generated by ethanol biofuel are significantly lower in terms of volatile organic compounds, particulate matter and nitrogen oxides, which are some of the primary causes of air pollution.
An Inexpensive Alternative to Traditional Gas
Ethanol fuel is typically cheaper than traditional gasoline and that price difference can be quite substantial depending on the region. The lower cost of production for ethanol fuel is largely due to its renewable nature, which does not require finite resources like oil and coal, also the reduce cost is the most significant benefits of ethanol biofuel.
Ethanol biofuel can help create jobs in the renewable energy sector. By investing in the production of ethanol fuel, businesses can create more job opportunities for individuals who are interested in renewable energy. However, this can also help to stimulate the economy, as more renewable energy-related jobs are created and given to those who are qualified for them.
Limited Production Of Ethanol
The limited availability of ethanol is having a significant impact on the global ethanol market in several countries, as it has created a disruption in supply and demand which has resulted in higher prices for ethanol and a lack of supply in some countries. Also, due to the limited availability, there is an increased risk of adulterated ethanol and lower quality ethanol being produced, which can impact the overall market's reputation.
According to U.S. Department of Agriculture (USDA) global ethanol production decreased from nearly 95 billion liters in 2018 to 85 billion liters in 2022,which was primarily due to reduced availability of ethanol in certain countries, such as China and India and the negative impact of COVID-19. Reduction in ethanol availability is due to an increased demand for other biofuels, like biodiesel and renewable diesel, as well as a decrease in the availability of feedstocks, like corn and sugarcane.
Challenges of Ethanol Biofuel Regulation
Government policies and incentives for the production and use of ethanol biofuel can change quickly and without warning and this uncertainty leads to up and down in businesses from investing in the fuel. Regulatory uncertainty is an issue that is difficult to predict and also difficult to navigate for businesses invested in the production and use of ethanol biofuel.
U.S. Environmental Protection Agency has set the federal renewable fuel standard that requires fuel refiners to provide a certain percentage of ethanol into their gasoline each year. When the renewable fuel standard levels are set too low, the demand for ethanol can decrease, leading to lower prices and reduced profitability for ethanol producers.
The global ethanol market is segmented based on potential of feedstock, generation, fuel type, end-user and region.
Starch-based Feedstocks an important source
Starch-based feedstock is an important source of energy in many industries, primarily for producing ethanol. It is derived from a variety of crops, most commonly corn, but also potatoes, sweet potatoes, tapioca, rice, rye and barley. Corn is the most common source of starch-based feedstock due to its high production in agriculture all globally and cost-effectiveness, as well as the fact that it provides a high yield of ethanol. Due to this reason, it is the preferred option for many energy companies
Potatoes are another source of starch-based feedstock and offer a number of advantages compared to corn. Potatoes contain more starch than corn, which results in more ethanol being produced. Furthermore, potatoes are a more sustainable option as they require less area land and water to grow. Sweet potatoes, tapioca, rice, rye and barley are also used as sources of starch-based feedstock, but to a lesser extent than corn and potatoes.
North-America is Growing owing to government initiatives
North America globally accounts for a large production of Ethanol. According to a report from the Renewable Fuels Association, U.S. is the leading producer and consumer of ethanol globally. The US is also the world's largest market for ethanol, accounting for nearly 1/3 of global ethanol consumption. Within U.S., the majority of ethanol in the fuel supply comes from corn ethanol. In the Automotive and biofuel segment, the trend has been similar, with US being the top producer and consumer of ethanol-based fuel.
The US ethanol industry has benefited from government incentives and supportive policies, as well as from an increase in the number of cars capable of using ethanol-blended gasoline. The US is well-positioned to remain the world's leading ethanol producer, given its vast supply of corn and other feedstock, advanced Feedstock Biofuel and supportive policies. Going forward, US will continue to be a major player in the global ethanol market.
The major global players in the market include Royal Dutch Shell, BP, Valero Energy Corporation, Petrobras, Chevron Corporation, Sasol, Cenovus Energy Inc., PBF Energy, Husky Energy, Abengoa Bioenergy
The impact of COVID-19 on the global ethanol market has been significant. The coronavirus pandemic has led to a reduction in global demand for crude oil as transportation restrictions and lockdowns have led to a reduction in overall mobility which in turn, has led to a decline in demand for gasoline fuel, creating an opportunity for ethanol to replace gasoline as an automotive fuel.
Global ethanol production has increased significantly since the pandemic began in 2020. The increment is primarily due to the increased demand for ethanol as a gasoline fuel substitute. The increased demand for ethanol as a fuel substitute has also led to a surge in prices. Also increase in price has led to a more profitable ethanol industry, which has attracted additional investment from the private sector.
Russia-Ukraine War Analysis
Russia and Ukraine's ongoing conflict has had an impact on global ethanol production markets. While the conflict has yet to directly affect ethanol production, it has caused instability in global markets. Ethanol prices have been volatile after the conflict due to increased uncertainty and reduced trading activity which has resulted in a decrease in investments in the region, which has in turn affected ethanol production.
The war impact caused a decrease in Ukrainian production of ethanol and gasoline which led to a decrease in global production, as Ukraine was one of the major players in the global ethanol and gasoline markets prior to the conflict. Also decrease in production of ethanol and gasoline due to Ukraine-Russia conflict caused a notable impact on global supply and demand.
The Global Ethanol Market report would provide approximately 68 tables, 70 figures and 213 Pages.
Target Audience 2024
LIST NOT EXHAUSTIVE