Fuel Ethanol Market Size and Key Players and Analysis
The global fuel ethanol market size is projected to surpass around USD 166.46 billion by 2033 from USD 101.03 billion in 2023, expanding at a solid CAGR of 5.12% between 2023 and 2033. The key players operating in the fuel ethanol market are Solvay SA, Sasol Limited, SABIC, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings BV, INEOS Group Limited, HPCL Biofuels Limited, Cargill Incorporated, Braskem S.A., BP Plc, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size by 2033 |
USD 166.46 Billion |
| Market Size in 2023 |
USD 101.03 Billion |
| Market Growth Rate |
5.12% |
| Leading Region |
North America |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Product, Technology, Application, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Fuel Ethanol Key Players
- Solvay SA
- Sasol Limited
- SABIC
- Mitsubishi Chemical Corporation
- LyondellBasell Industries Holdings BV
- INEOS Group Limited
- HPCL Biofuels Limited
- Cargill Incorporated
- Braskem S.A.
- BP Plc
Latest Announcements by Industry Leaders
- June 11, 2024 – Indian Oil Corporation Ltd
- Union Minister for Petroleum & Natural Gas and Housing and Urban Affairs - Mr. Hardeep Singh Puri
- Announcement- Union Minister for Petroleum & Natural Gas and Housing and Urban Affairs launched ‘ETHANOL 100’, a revolutionary automotive fuel, at the IndianOil retail outlet M/s. Irwin Road Service Station in New Delhi today. Customers can purchase ETHANOL 100 at 183 select retail outlets of IndianOil across five states: Maharashtra, Karnataka, Uttar Pradesh, New Delhi, and Tamil Nadu. He stated, “This initiative reflects the government's commitment to reducing import dependency, conserving foreign exchange, and boosting the agricultural sector. Since the Hon'ble Prime Minister's announcement on E20 (20% ethanol blended fuel) in 2023, the availability of E20 has increased to 12,000 outlets in less than a year.
Recent Developments
- In July 2024, Stellantis, the global carmaker behind brands, including Fiat, Peugeot, and Jeep, announced a groundbreaking USD 6 billion investment in ethanol-based bio-hybrid engines. This move will enhance flexibility and sustainability in the automotive sector, using a combination of ethanol and electric power in new bio-hybrid models. The engines will be produced in Brazil, where ethanol is already a widely adopted fuel, marking a major step toward cleaner transportation technologies.
- In August 2024, Gevo, a company focused on renewable fuels, launched a strategic partnership with major biofuel producers to develop sustainable ethanol. The initiative aims to scale up the production of renewable ethanol to meet the growing demand for low-carbon alternatives in aviation and transportation. This partnership is expected to drive the commercial success of sustainable ethanol in various industries.
- In September 2024, POET, a leading biofuel producer, expanded its bioethanol production capabilities with a new facility designed to meet increasing market demand. The expansion focuses on producing higher volumes of ethanol from renewable resources like corn, helping reduce the carbon footprint of the fuel industry and further solidifying POET's position in the renewable energy sector.
We have prepared a service to support you. please feel free to contact us at sales@precedenceresearch.com | +1 804 441 9344
