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Global Ethyl Alcohol Market 2023 Size, Industry Analysis, Key Insights And Forecast To 2032 | Major Players Are Advanced Bioenergy LLC, Andersons Ethanol Group, Archer Daniels Midland Company, Braskem SA, BP PLC.
Ethyl Alcohol Market
The Business Research Company's Ethyl Alcohol Global Market Report 2024 identifies Surging Demand For Personal Care Products as the major driver for the Ethyl Alcohol Market's growth in the forecast period. Rising demand for personal care products is expected to propel the growth of the ethyl alcohol market going forward. Personal care products encompass a range of self-care items used for personal hygiene, cleaning, and grooming, including items such as shampoos, conditioners, toothpaste, creams, cosmetics, and household products. Ethyl alcohol (ethanol) is a versatile ingredient in personal care products, offering several useful properties that contribute to the effectiveness and performance of these products.
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.
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Major competitors in the Ethyl Alcohol Market are 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.
A key trend in the Ethyl Alcohol Market includes Innovation With Sustainable Aviation Fuel Technology. Major companies operating in the ethyl alcohol market are focusing on developing innovative technology, such as sustainable aviation fuel technology, to preserve an upper hand in the market. Sustainable Aviation Fuel (SAF) technology refers to the development and production of aviation fuels that are more environmentally friendly and have a lower carbon footprint compared to traditional aviation fuels derived from fossil sources. For instance, in September 2023, Lummus Technology LLC, a US-based producer of both conventional and renewable transportation fuels, launched Sustainable Aviation Fuel Technology based on ethanol. This technology plays a crucial role in diminishing greenhouse gas emissions within the aviation sector, offering a dependable and sustainable alternative to conventional aviation fuels. The process seamlessly incorporates ethanol into ethylene (EtE), incorporates olefin oligomerization, and employs other refining techniques to generate sustainable aviation fuel (SAF).
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The Ethyl Alcohol Market 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
•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 Market.
The Business Research Company's "Global Ethyl Alcohol 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 Market Include:
1. Executive Summary
2. Ethyl Alcohol Market Characteristics
3. Ethyl Alcohol Market Trends And Strategies
4. Ethyl Alcohol Market - Macro Economic Scenario
5. Global Ethyl Alcohol Market Size and Growth
……
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
35. Appendix
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Product Name - Ethyl Acetate
HS Code - 29153100
Molecular Weight - 88.11g/mol
Chemical Formula - CH3COOC2H5
Synonyms - 141-78-6, Ethyl Ethanoate, Acetic Acid Ethyl Ester, Acetoxyethane, Acetic Ester
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan,…
