Press release
Strong Growth Ahead: Ethyl Alcohol Market Size To Grow At Arecord 6.7% Cagr By 2029
Ethyl Alcohol
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How Big Is the Ethyl Alcohol Market Size Expected to Be by 2034?_x000D_
The ethyl alcohol market has also grown significantly in recent years. It is expected to increase from $600.06 billion in 2024 to $647.92 billion in 2025, with a CAGR of 8.0%. Key factors driving this growth include demand for alcoholic beverages, pharmaceutical and healthcare use, industrial and chemical manufacturing, and personal care products._x000D_
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The ethyl alcohol market is expected to see strong growth in the next few years. It will grow to $840.34 billion in 2029, at a compound annual growth rate (CAGR) of 6.7%. The growth is attributed to renewable energy, biofuels, pharmaceutical and healthcare growth, and chemical manufacturing innovations. Major trends include bio-based ethyl alcohol, advanced pharmaceutical formulations, circular economy initiatives, and digital transformation in ethyl alcohol production._x000D_
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What Are the Emerging Segments Within the Ethyl Alcohol Market?_x000D_
The ethyl alcohol market covered in this report is segmented -_x000D_
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1) By Type: Synthetic, Fermented_x000D_
2) By Application: Industrial Solvent, Fuel Or Fuel Additive, Bacteriacide Or Disinfectant, Beverages, Personal Care, Other Applications_x000D_
3) By End User Industry: Automotive, Food And Beverages, Pharmaceutical, Personal Care, Other End Use Industries_x000D_
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Subsegments:_x000D_
1) By Synthetic: Petroleum-Based Ethyl Alcohol, Coal-Based Ethyl Alcohol_x000D_
2) By Fermented: Grain-Based Ethyl Alcohol, Sugarcane-Based Ethyl Alcohol, Fruit-Based Ethyl Alcohol, Corn-Based Ethyl Alcohol_x000D_
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What Long-Term Drivers Are Shaping Ethyl Alcohol Market Trends?_x000D_
The increasing demand for ethanol in the food processing industry is contributing to the expansion of the ethyl alcohol market. Ethanol is used both in alcoholic and non-alcoholic beverages and is an important ingredient in many processed foods. As the food processing industry continues to grow, especially with the increased demand for ready-to-eat, frozen, and packaged foods, the demand for ethanol is expected to rise. For example, U.S. fuel ethanol exports averaged 121,000 barrels per day in 2024, the highest export levels for the period. This increasing demand for ethanol is driving the growth of the ethyl alcohol market._x000D_
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Who Are the Top Competitors in Key Ethyl Alcohol Market Segments?_x000D_
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._x000D_
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What Ethyl Alcohol Market Trends Are Gaining Traction Across Different Segments?_x000D_
Companies in the ethyl alcohol market are increasingly producing ethanol from corn and sugar. Corn-based ethanol is made via dry milling and helps reduce greenhouse gases by 18%, while sugar-based ethanol can cut emissions by up to 90%. According to the USDA, 5.2 billion hectares of corn were allocated for ethanol during the 2020-21 season, and the US and Brazil produce 85% of the world's ethanol._x000D_
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Which Regions Are Becoming Hubs for Ethyl Alcohol Market Innovation?_x000D_
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._x000D_
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Frequently Asked Questions:_x000D_
1. What Is the Market Size and Growth Rate of the Ethyl Alcohol Market?_x000D_
2. What is the CAGR expected in the Ethyl Alcohol Market?_x000D_
3. What Are the Key Innovations Transforming the Ethyl Alcohol Industry?_x000D_
4. Which Region Is Leading the Ethyl Alcohol Market?
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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,…
