Global Denatured Alcohol Market 2019 Top Manufacturers – Valero Energy Corporation, Green Plains Inc, Cargill Incorporation etc.
Denatured alcohol, commonly known as a methylated spirit, is a spirit that contains 70-99% ethyl alcohol. The high level of ethanol content present in these spirits makes them unfit for human consumption. In the diluted form, denatured alcohol can be used for a wide range of household applications such as general cleaners or sanitizers. It also works as a stain remover, glass cleaner, pest exterminator, and mold remover. The growing demand for bioethanol, coupled with rising awareness regarding health and hygiene, is anticipated to be the key factor favoring the market's growth during the forecast period. Additionally, the growing adoption of denatured alcohol fuel additive in the automotive industry and as a fuel for camping stoves is anticipated to influence the market's growth during the forecast period positively.
However, the potential health risk associated with the inhaled, ingested, or chronic exposure of these alcohols, such as irritation to the respiratory tract, headaches, gastritis, and in acute cases, death, are some of the concerning factors that are expected to hamper the growth of the market during the forecast period.
In recent years, the importance of cleanliness and hygiene has increased in commercial and residential sectors, primarily driven by the growing health and hygiene-related concerns among individuals. This demand has further led to continuous product innovation, with an increasing number of companies extending their product portfolio, which has revolutionized the market. The fastest expanding demand for this cleaning solvent is in less mature, developing world markets, which includes the markets of China, India, Indonesia, and Argentina where the rising populace, improving GDP per capita, changing lifestyle, and growing awareness among the individuals regarding their health and hygiene have been the key drivers.
Additionally, the arrival of eco-friendly and sustainable cleaning solvents drives the market as individuals are getting more inclined towards cleaning products that contain 'natural' ingredients, avoid the use of harmful chemicals, and have a minimum contribution to the carbon dioxide emission during their manufacturing and use. This megatrend is majorly witnessed in the premium household cleaning products, particularly in the developed markets of the U.K., the USA, Germany, and Japan.
Ethanol-gasoline blends have higher octane levels than pure gasoline, owing to which these blends burn cleaner than the normal gasoline. Thus, resulting in higher fuel efficiency and lower CO2 emissions. And since global warming has become a major concern worldwide. Many international and environmental agencies across various regions are taking various initiatives to curb the pollution rate and GHG emissions by imposing stringent regulations that mandate the consumption of cleaner fuels and fuel additives. And as denatured alcohols made from the biomass such as corn and sugarcane are considered cleaner fuel additives than the conventional ones. It can be foreseen that this shift in the trend towards cleaner fuels will tend to push the demand for denatured alcohol in the upward trend across the regional market in the near future.
As there is a potential health risk associated with the inhaled, ingested, or chronic exposure of these alcohols, such as irritation to the respiratory tract, headaches, and gastritis. Various government agencies such as the European Union and the Federal government have imposed specific regulations regarding manufacturing these alcohols, assuring that these alcohols are made unfit for human consumption and distributed through certified distributors. Thus, these stringent regulations discourage new entrants willing to enter the market and limit the market growth opportunity.
IDA segment is projected to dominate the global denatured alcohol market during the assessment period. The key factors favoring the growth of the segment are rapid industrialization and globalization, further supported by the government of various economies, particularly in developing economies such as India and China. This rapid industrialization across these economies is expected to bolster the growth of the various end-use industries. And consequently, progress the demand for denatured alcohol in the market.
Asia-Pacific is accounted for the largest share of the global denatured alcohol market in 2019 and is expected to follow the same trend in the years to come. The growth of the regional market can be attributed to being one of the largest regions with an adequate agricultural land area that offers an abundance of agricultural livestock needed for the production of this denatured alcohol. Thus, making the region the largest producer of denatured alcohol.
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The Major Prominent Players Covered in this Report:
Valero Energy Corporation, Green Plains Inc, Cargill Incorporation, Abengoa Bioenergy SA, Big River Resources LLC, Pacific Ethanol Inc, Celanese, LyondellBasell Industries N.V., Sasol Limited, Flint Hills Resources, Aventine Renewable Energy, Warner Graham Company, Tangshan Jidong Solvent, Jilin Alcohol Group, Jiangsu Lianhai, Jinyimeng Group, Shandong Longlive, Henan Tianguan, COFCO Biochemical Zhaodong, Shandong QingzhouXinhai & More.
Completely Denatured Alcohol (CDA)
Industrial Denatured Alcohol (IDA)
Trade Specific Denatured Alcohol (TSDA)
Food and Beverages
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Denatured Alcohol in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Denatured Alcohol market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Denatured Alcohol and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Denatured Alcohol. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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Key Questions Answered in The Report:
What will the Denatured Alcohol market growth rate?
What are the key factors driving the global Denatured Alcohol market?
Who are the key manufacturers in the Denatured Alcohol market space?
What are the market opportunities, market risk, and market overview of the Denatured Alcohol market?
What are sales, revenue, and price analysis of top manufacturers of the Denatured Alcohol market?
Who are the distributors, traders, and dealers of the Denatured Alcohol market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Denatured Alcohol Industry?
What are sales, revenue, and price analysis by regions of Denatured Alcohol industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Key Denatured Alcohol Market Trends:
- The report identifies, determines, and forecasts the Global Denatured Alcohol Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Denatured Alcohol Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Denatured Alcohol Market.
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