H1 2023: During H1 2023, the key players in the North America Ethanol Derivatives market were Celanese Corporation and Eastman Chemical. However, Celanese is the largest producer of one of the most prominent ethanol derivatives, i.e., ethyl acetate. Acetic acid and bioethanol are used by Celanese to produce ethyl acetate. Celanese Ethyl Acetate makes use of bioethanol as an ingredient as a step towards sustainable chemical manufacturing process. North American ethyl acetate market showed a bullish market trend in H1 2023. In May 2023, Celanese had successfully completed the construction of feedstock Acetic Acid facility in Clear Lake, Texas, which boosted market optimism. Additionally, the market's low inventory level combined with the downstream industry's increasing demand led to the hike in the prices of ethyl acetate in the US market. In addition, the rate of inflation in the US market fell steadily from April 2023. Acetaldehyde is yet another derivative of ethanol. From April 2023, due to improvement in the buying trends, acetaldehyde prices rose in the US market. The demand for acetaldehyde as a food preservative from downstream food and beverages increased in the US market. The cost of producing acetaldehyde in the US market surged due to rise in the raw material ethanol prices in the US. Additionally, operating rates in the nation was steady to keep up with the increasing demand of acetaldehyde from the downstream sectors.
The North America Ethanol Derivatives market reached approximately 250 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 3.32% during the forecast period until 2030.
Ethanol is a versatile chemical with widespread industrial use. Ethanol is further used to create a number of derived chemicals which are termed as ethanol derivatives. Ethanol derivatives are used in the chemical, pharmaceutical, food, and beverage sectors to create a variety of downstream goods. The most common derivatives of ethanol are ethyl acetate and acetaldehyde. Ethyl acetate performs the function of a solvent component in paint solvents or thinners in adhesives, spread-coating compounds for fake leather, and cleansers. Ethyl acetate also functions as a component in the composition of many compounds, including epoxies, urethanes, cellulose, acrylics, and vinyl, ethanol acetate is commonly employed. Acetaldehyde is a chemical compound that is used to make basic dyes, polyester resins, and fragrances. Acetaldehyde is also employed in the rubber, tanning, and paper industries as a solvent, as a flavoring agent, as a denaturant for alcohol, in fuel compositions, for the hardening of gelatin, and as a preservative for fruit and fish.
The major cause of the high demand for Ethanol Derivatives is the rising need for paints and coatings across North America. The significant industrialization across the region call for huge sums of paints & coating for utilization by both domestic and industrial uses. The growing usage of paints & coatings for coating surfaces of automotives is another reason. The demand for ethyl acetate as a solvent is growing across the continent due to its expanding use in various significant end-use sectors, including medications, food and beverage manufacturing, and perfumes. Additionally, with the growing usage of personal hygiene products across the regions, the demand for ethanol derivatives as a significant solvent is on a hike. The Ethanol Derivatives market is expected to reach 325 thousand tonnes in the year 2030.
Based on region, the North America Ethanol Derivatives market is divided into USA, Mexico, and Canada. Although, United States dominates the Ethanol Derivatives market. This region consumed approximately 54% of the market in 2022 and is anticipated to retain its position in the market in the forecast period till 2030. The United States and Mexico are the key players in terms of producing ethanol derivatives. Due to the abundance of corn which is used as a raw material to procure ethanol, corn accounts for most of the ethanol produced in the United States.
Based on the end-user industry, the North America Ethanol Derivatives market is segregated into Paints, Coatings & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Other end-use industries. Ethanol Derivatives are primarily consumed in the Paints, Coatings & Adhesives industry. In 2022, this industry accounted for approximately 67% of the global market. Ethyl Acetate is a derivative of ethanol that is employed as a solvent for manufacturing paints & varnishes which are used for shellac for wood furniture and fixtures, automotive refinishing, ceramic object decorating, interior and exterior architectural coatings, etc.
Major players in the North America Ethanol Derivatives market are Eastman Chemical, Prairie Catalytic, LLC, Zea2 LLC, Celanese Corporation, and Industrias Monfel. Other players in the Global Ethanol Derivatives market are Jiangmen Handsome, Jiangsu Jinmaoyuan, India Glycols Limited, Jubliant Lifesciences, Jiangu Sopo, Laxmi Organic Industies Ltd, Anhui Huayi, and Braskem.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Ethanol Derivatives which covers production, demand and supply of Ethanol Derivatives market in the globe.
• To analyse and forecast the market size of Ethanol Derivatives
• To classify and forecast North America Ethanol Derivatives market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethanol Derivatives market in the globe.
To extract data for North America Ethanol Derivatives market, primary research surveys were conducted with Ethanol Derivatives manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for North America Ethanol Derivatives market over the coming years.
ChemAnalyst calculated Ethanol Derivatives demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Ethanol Derivatives. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethanol Derivatives’ manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethanol Derivatives’ distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethanol Derivatives’ manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, North America Ethanol Derivatives market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
250 thousand tonnes
Market size Volume by 2030
325 thousand tonnes
Growth Rate
CAGR of 3.32% from 2023 to 2030
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape,
Segments covered
By End-Use: (Paints, Coatings & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others)
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was North America market size of Ethanol Derivatives in terms of volume in 2022?
Ans:
The North America market size of Ethanol Derivatives has grown significantly in the historic period of 2015-2022 and reached approximately 250 thousand tonnes in 2022.
Q2.
Which industry is the major consumer of North America Ethanol Derivatives market?
Ans:
The Paints, Coatings & Adhesives industry is dominating the Ethanol Derivatives market with a market share of approximately 67% in 2022.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.