Mexico Ethanol Market (2024-2030) | Size, Outlook, Share, Industry, Trends, Growth, Analysis, Revenue, Segmentation & COVID-19 IMPACT

Mexico Ethanol Market | Country-Wise Share and Competition Analysis

In the year 2021, the USA  was the largest exporter in terms of value, followed by Guatemala. It has registered a decline of -25.74% over the previous year. While Guatemala registered a growth of 87.05% as compared to the previous year. In the year 2017, the USA was the largest exporter followed by Guatemala. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Mexico has a Herfindahl index of 6590 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  8524 which signifies high concentration in the market.

Mexico Ethanol Market - Export Market Opportunities

Topics Covered in the Mexico Ethanol Market

Mexico ethanol market report thoroughly covers the market by purity, by sources, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Mexico Ethanol Market

Mexico Ethanol Market is experiencing tremendous growth in the country backed by some promising growing drivers such as the rising replacement of traditional fuels with renewable fuels to decrease the carbon footprints Mexico's exporting ethanol to other countries is one of the major factors leaving a positive impact on the market growth by increasing the ethanol production capacity to meet the export demands. Additionally, Ethanol product being a main ingredient used widely in the manufacturing of solvents and other chemical products is estimated to fuel the ethanol demand and widen the Mexico Ethanol Market growth. Furthermore, ethanol use is not only limited to the chemical industry, it is used to produce various essential products such as pharmaceuticals, home care, and cleaning items. This represents a continuous demand for ethanol in the country and is estimated to augment the market growth in the coming years. 

Mexico Ethanol Market Synopsis

Mexico Ethanol Market is expected to register growth over the forecast period on account of the increasing product demand in the automotive industry along with the rising automobile sector in the country. The rising popularity of premium quality alcohol, changing lifestyle, rapid urbanization, changing preferences and tastes of consumers, and the availability of raw materials are major reasons driving the growth of the ethanol market in Mexico.

According to 6wresearch, the Mexico Ethanol Market size is expected to grow during 2020-2026 on the back of the rising explosive growth of the automotive industry at a starry rate. Further, the Country registers high export practices of automobiles by exporting vehicles to neighboring countries as well. Further, Increasing automobile manufacturing in the country due to the rising shift of the consumer's demand towards innovative vehicles has led to stimulating automakers manufacturers to design accordingly, in order to meet consumer demand, ethanol is estimated to propel significant demand as fuel and is expected to proliferate the growth of Mexico ethanol market in the upcoming six years.

COVID-19 Impact on the Mexico Ethanol Market

COVID-19 Impacted significantly the Mexico Ethanol industry. During the lockdown phase market faced several restrictions such as social distancing led to the closure of businesses, cease in industrial operations, and disruption in the supply chains caused by the strict travel restrictions. All these aspects resulted in a major drop in the market shares and revenues.

Key Players in the Mexico Ethanol Market

Some are the emerging companies in the country that have been offering a range of chemicals, including, ethanol. Some of the prominent players are mentioned below in the list:

• Grupo Alco is a prominent ethanol producer and distributor in the country. This company has a number of ethanol plants that they supply to various end users.
• BioFields is a well-known Mexican bioenergy company engaged in the production of ethanol.
• Grupo Omega is another prominent player in the country, who is involved in ethanol production.
• Pemex is Mexico's state-owned petroleum company that has relevance in the ethanol market. The company is engaged in ethanol production and blending.

Market Analysis by Purity

According to Nitesh Kumar, Research Manager, 6Wresearch, the demand for denatured ethanol segment is higher than for Non-denatured ethanol, followed by some factors, such as industrial applications and regulations.

Market Analysis by Sources

Based on sources, the sugar & molasses-based segment is leading a major share in the ethanol market revenue over the past few years in Mexico owing to the growing sugar production in the country. The second-generation segment is anticipated to dominate a large share in the ethanol market revenue over the forecast period as it helps in a large proportion of the supply of fuel and helps in maintaining environmental balance.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2030.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Reports: 

• Mexico Ethanol Market Overview
• Mexico Ethanol Market Outlook
• Mexico Ethanol Market Forecast
• Historical Data of Mexico Ethanol Market Revenues and Volumes, for the Period 2020-2030.
• Market Size & Forecast of Mexico Ethanol Market Revenues and Volumes, until 2030.
• Historical Data of Mexico Ethanol Market Revenues and Volumes, by purity, for the Period 2020-2030.
• Market Size & Forecast of Mexico Ethanol Market Revenues and Volumes, by purity, until 2030.
• Historical Data of Mexico Ethanol Market Revenues and Volumes, by Source, for the Period 2020-2030.
• Market Size & Forecast of Mexico Ethanol Market Revenues and Volumes, by source, until 2030.
• Historical Data of Mexico Ethanol Market Revenues and Volumes, by application, for the Period 2020-2030.
• Market Size & Forecast of Mexico Ethanol Market Revenues and Volumes, by application, until 2030.
• Market Drivers and Restraints
• Mexico Ethanol Market Price Trends
• Mexico Ethanol Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Mexico Ethanol Market Share, By Players
• Mexico Ethanol Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Mexico Ethanol Market report provides a detailed analysis of the following market segments:

By Purity

• Denatured
• Non-Denatured

By Source

• Sugar & molasses Based
• Second Generation
• Grain Based

By Application

• Fuel & Fuel Additives
• Disinfectant
• Industrial Solvents
• Personal Care
• Beverages
• Others

Mexico Ethanol Market (2024-2030): FAQs