Overview and Scope
Ethyl alcohol, also known as ethanol or grain alcohol, is a volatile, flammable, colorless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent. Ethyl alcohol is used as a solvent in the synthesis of other organic chemicals, as an ingredient in alcoholic beverages and as a gasoline additive in the automotive industry.
Sizing and Forecast
The ethyl alcohol market size has grown strongly in recent years. It will grow from $561.68 billion in 2023 to $601.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to alcoholic beverages, pharmaceuticals and healthcare, industrial and chemical manufacturing, personal care and cosmetics.
The ethyl alcohol market size is expected to see strong growth in the next few years. It will grow to $785.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to renewable energy and biofuels, pharmaceutical and healthcare growth, chemical manufacturing innovation, sustainable packaging. Major trends in the forecast period include bio-based ethyl alcohol, advanced pharmaceutical formulations, circular economy initiatives, digital transformation in ethyl alcohol production.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/ethyl-alcohol-and-other-basic-organic-chemical-global-market-report
The ethyl alcohol market covered in this report is segmented –
1) By Type: Synthetic, Fermented
2) By Application: Industrial Solvent, Fuel/Fuel Additive, Bacteriacide/Disinfectant, Beverages, Personal Care, Other Applications
3) By End User Industry: Automotive, Food and Beverages, Pharmaceutical, Personal Care, Other End Use Industries
Asia-Pacific was the largest region in the ethyl alcohol market in 2023. North America was the second-largest region in the global ethyl alcohol market. The regions covered in the ethyl alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=2314&type=smp
Major Driver Impacting Market Growt
Rising demand for ethanol in the food processing industry is contributing to the growth of the ethyl alcohol market. It is used as an intoxicating ingredient in manufacturing alcoholic and non-alcoholic beverages such as vodka and gin. Additionally, ethyl alcohol is also used as a natural product in non-alcoholic beverages as an adjunct. The food processing industry is growing significantly due to increased demand for ready-to-eat, frozen, and packaged foods. As a result, the demand from the food processing industry has also increased due to the growing population through new births and migrations, which further increases the industry’s production and demand for ethanol. The demand for ethanol in the food processing industry will lead to the expansion of the global market for ethyl alcohol. For example, in India, the ethanol market is expected to grow to $7.38 billion by 2024 at a CAGR of 14.50% due to ethanol use in applications such as food and beverages. Rising demand for ethanol in the food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the market.
Key Industry Players
Major companies operating in the ethyl alcohol market include Advanced Bioenergy LLC, Andersons Ethanol Group, Archer Daniels Midland Company, Braskem SA, BP plc, Cargill Corporation, Green Plains Inc., Kirin Holding Company Limited, LyondellBasell Industries NV, Mitsubishi Chemical Corporation, Alto Ingredients Inc., Saudi Arabia’s Basic Industries Corporation, Sasol Limited, Solvay Group, Valero Energy Corporation, INEOS Group Holdings SA, Merck Millipore, Midwest Renewable Energy LLC, ChemCeed LLC, Vigon International, an Azelis Company, CJ Chemicals LLC, Maxill Inc., Barentz BV, SAE International, Exxon Mobil Corporation, Vinmar International Ltd., Ethanol US LLC, Aemetis Inc., Greenfield Global Inc., ECSA Chemicals SA, Penta Manufacturing Company, Sigma-Aldrich Co. LLC, Spectrum Chemical Manufacturing Corp., Alfa Aesar, Fisher Scientific International Inc.
The ethyl alcohol market report table of contents includes:
1. Executive Summary
2. Ethyl Alcohol Market Characteristics
3. Ethyl Alcohol Market Trends And Strategies
4. Ethyl Alcohol Market – Macro Economic Scenario
…
31. Global Ethyl Alcohol Market Competitive Benchmarking
32. Global Ethyl Alcohol Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ethyl Alcohol Market
34. Ethyl Alcohol Market Future Outlook and Potential Analysis
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
