The Global Ethyl Alcohol Market Report by The Business Research Company covers ethyl alcohol market drivers and restraints, ethyl alcohol market size, major players, and the impact of COVID-19 on the ethyl alcohol market.
The ethyl alcohol market consists of sales of ethyl alcohol and related services. Ethyl alcohol is used as a solvent in the synthesis of other organic chemicals, as an ingredient in alcoholic beverages like beer, wine or brandy, and as a gasoline additive in the automotive industry. Ethyl alcohol also known as ethanol or grain alcohol is a volatile, flammable, colourless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent.
Rising demand for ethanol in the food processing industry is contributing to the growth of the ethyl alcohol market. The global ethyl alcohol market is expected to grow from $457.43 billion in 2020 to $489.49 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $585.47 billion in 2025 at a CAGR of 5%.
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Some ethyl alcohol market trends include increasingly producing ethanol from corn and sugar in the ethyl alcohol market. Ethanol is produced from corn by dry milling process. In this process, corn kernel is prepared into flour or mash, which is then mixed with water. It is purified through distillation and dehydration to create ethanol.
Global ethyl alcohol market segments include:
1) By Type: Synthetic, Fermented.
2) By Application: Industrial Solvent, Fuel/Fuel Additive, Bactericide/Disinfectant, Beverages, Personal Care, Other Applications.
3) By End Use Industry: Automotive, Food and Beverages, Pharmaceutical, Personal Care, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Ethyl Alcohol Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides ethyl alcohol market overviews, analyses and forecasts market size, share, ethyl alcohol market players, ethyl alcohol market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The ethyl alcohol market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Ethyl Alcohol Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Advanced Bioenergy LLC, Andersons Ethanol Group, Archer Daniels Midland Company, Aventine Renewable Energy, Braskem, British Petroleum, Cargill Corporation, Green Plains Inc., Kirin Holding Company, LyondellBasell Industries NV, Mitsubishi Chemical Corporation, Pacific Ethanol Inc., SABIC, Sasol Limited, POET, Solvay Group, Valero, INEOS Group Holdings SA, Merck Millipore (U.S.)
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Ethyl Alcohol Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Ethyl Alcohol Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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