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Ethyl Alcohol And Other Basic Organic Chemical Market 2024 Share Analysis, Industry Share And Forecast To 2033
Ethyl Alcohol And Other Basic Organic Chemical Market
The Business Research Company's Ethyl Alcohol And Other Basic Organic Chemical Global Market Report 2024 identifies Rising Alcoholic Beverage Consumption as the major driver for the Ethyl Alcohol And Other Basic Organic Chemical Market's growth in the forecast period. Increasing consumption of alcoholic beverages is expected to propel the growth of the ethyl alcohol and other basic organic chemicals market going forward. Alcoholic drinks are those appropriate for human consumption and have a volume alcohol content of 1% or higher. Ethyl alcohol (ethanol) is the primary alcohol found in alcoholic beverages, and it serves as the main psychoactive ingredient. Other basic organic chemicals, such as flavor compounds and sugars, contribute to the taste, aroma, and complexity of alcoholic beverages, enhancing their overall sensory experience.
The ethyl alcohol and other basic organic chemical market size has grown strongly in recent years. It will grow from $1,303.83 billion in 2023 to $1,421.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to industrialization, petrochemical industry growth, consumer product manufacturing, agricultural chemicals, energy sector demand.
The ethyl alcohol and other basic organic chemical market size is expected to see strong growth in the next few years. It will grow to $1,970.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to renewable energy and biofuels, environmental regulations, circular economy initiatives, the adoption of green chemistry principles, health and wellness trends. Major trends in the forecast period include biobased chemicals, specialty chemicals, sustainable packaging, carbon capture and utilization (ccu), personal care and cosmetics.
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Major competitors in the Ethyl Alcohol And Other Basic Organic Chemical Market are Archer-Daniels-Midland Company (ADM), Wacker Chemie AG, Celanese Corporation, Valero Energy Corp, Lanxess AG, Evonik Industries AG, Kao Corporation, The Clorox Co, Eastman Chemical Corporation, Atul Limited, HPCL Biofuels Limited, Advanced Bioenergy LLC, Aventine Renewable Energy, Andersons Ethanol Group, British Petroleum, Braskem, Cargill Corporation, Butamax Advanced Biofuels LLC, Green Plains Inc., Flint Hill Resources LP, LyondellBasell Industries NV, INspec Ethylene Oxide and Specialities (INEOS), Mitsubishi Chemical Corporation, Baden Aniline and Soda Factory ( BASF SE), DowDuPont Inc., PPG Industries Inc., Solvay SA, Huntsman Corporation, Ashland Global Holdings Inc.
A key trend in the Ethyl Alcohol And Other Basic Organic Chemical Market includes Increasing demand. Ethanol is a renewable biofuel produced from plant materials and used as a component in gasoline to reduce emissions and increase octane ratings. Ethanol (ethyl alcohol) improves fuel efficiency and reduces emissions when mixed with gasoline, making it a greener and more sustainable fuel option. For instance, in August 2023, according to the Foreign Agricultural Service, a US-based government agency, fuel ethanol consumption in Canada increased by an estimated 20 percent year over year, and the production of biodiesel reached 416 million liters in 2022, up from 405 million liters the previous year. Therefore, the increasing demand for ethanol as a fuel component is driving the growth of the ethyl alcohol and other basic organic chemicals market.
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The Ethyl Alcohol And Other Basic Organic Chemical Market is segmented -
By Type: Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals
By Grade: Food Grade, Industrial Grade, Cosmetics Grade
By End User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Ethyl Alcohol And Other Basic Organic Chemical Market.
The Business Research Company's "Global Ethyl Alcohol And Other Basic Organic Chemical Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ethyl Alcohol And Other Basic Organic Chemical Market Include:
1. Executive Summary
2. Ethyl Alcohol And Other Basic Organic Chemical Market Characteristics
3. Ethyl Alcohol And Other Basic Organic Chemical Product/Service Analysis -Product/Service Examples
4. Ethyl Alcohol And Other Basic Organic Chemical Market Trends And Strategies
5. Ethyl Alcohol And Other Basic Organic Chemical Market - Macro Economic Scenario
……
68. Global Ethyl Alcohol And Other Basic Organic Chemical Market Competitive Benchmarking
69. Global Ethyl Alcohol And Other Basic Organic Chemical Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Ethyl Alcohol And Other Basic Organic Chemical Market
71. Ethyl Alcohol And Other Basic Organic Chemical Market Future Outlook and Potential Analysis
72. Appendix
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