Press release
Global Ethyl Alcohol Market Overview Covering Forecast Market Size And Growth Rate 2033 | Archer-Daniels-Midland Company (ADM), Wacker Chemie AG, Celanese Corporation, Valero Energy Corp, Lanxess AG
Ethyl Alcohol Global Market Report 2024
As per the report, the ethyl alcohol and other basic organic chemical market size has grown strongly in recent years. It will grow from $1303.83 billion in 2023 to $1421.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. 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 $1970.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
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Rising Alcoholic Beverage Consumption Boosts The Boosts Ethyl Alcohol And Organic Chemicals Market
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. For instance, in 2021, according to the National Institute on Alcohol Abuse and Alcoholism, a US-based alcohol-related researcher, the U.S. ethanol consumption from all alcoholic beverages combined per person in 2021 was 2.51 gallons, up 2.9% from 2.44 gallons in 2020. Furthermore, according to the U.S. Census area, per capita alcohol consumption increased between 2020 and 2021 in the Northeast by 5.4%, the Midwest by 1.6%, the South by 3.4%, and the West by 2.3%. Therefore, the increasing consumption of alcoholic beverages will drive the market for ethyl alcohol and other basic organic chemicals.
Automation And Instrumentation Boosting Efficiency In Chemical Manufacturing
Chemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters, and pressure transmitters that help to improve operational efficiency in manufacturing facilities. For example, Siemens process instrumentation and gas analytics solutions increase productivity and efficiency during plant operations.
The ethyl alcohol and other basic organic chemical market covered in this report is segmented -
1) By Type: Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals
2) By Grade: Food Grade, Industrial Grade, Cosmetics Grade
3) By End User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries
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Major companies operating in the ethyl alcohol and other basic organic chemical market include 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.
Contents of the report:
1. Executive Summary
2. Ethyl Alcohol Market Report Structure
3. Ethyl Alcohol Market Trends And Strategies
4. Ethyl Alcohol Market - Macro Economic Scenario
5. Ethyl Alcohol Market Size And Growth
…..
27. Ethyl Alcohol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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