Press release
Ethyl Alcohol Market Trends, Overview With Detailed Analysis 2023-2032 | Advanced Bioenergy LLC., Andersons Ethanol Group, Archer Daniels Midland Company, Aventine Renewable Energy, Braskem
Ethyl Alcohol Market Research
The Business Research Company's Ethyl Alcohol Global Market Report 2023 identifies rising demand for ethanol in the food processing industry as the major driver for the Ethyl Alcohol market's growth in the forecast period. Ethyl alcohol is also used as a natural product in non-alcoholic beverages as an adjunct. The food processing industry is growing significantly due to increased demand for ready-to-eat, frozen, and packaged foods. As a result, the demand from the food processing industry has also increased due to the growing population through new births and migrations, which further increases the industry's production and demand for ethanol. The demand for ethanol in the food processing industry will lead to the expansion of the global market for ethyl alcohol.
The global ethyl alcohol market size will grow from $526.75 billion in 2022 to $563.12 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ethyl alcohol market size is expected to grow from $721.58 billion in 2027 at a CAGR of 6.4%.
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Major competitors in the Ethyl Alcohol market are Advanced Bioenergy LLC., Andersons Ethanol Group, Archer Daniels Midland Company, Aventine Renewable Energy, Braskem, British Petroleum, Cargill Corporation, Green Plains Inc., Kirin Holding Company, and LyondellBasell Industries NV.
A key trend in the Ethyl Alcohol market includes rise in awareness about the ill effects of alcohol consumption. According to a study by the World Health Organization (WHO), alcohol consumption is responsible for more than 200 diseases and injury conditions. It possesses a risk of health problems such as mental and behavioral disorders, diseases such as liver cirrhosis, cardiovascular diseases, and injuries from road accidents. With rising awareness of the effects of alcohol consumption on global health, the demand for information on consumption and its related harm and policies has risen significantly.
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The Ethyl Alcohol market is segmented -
By Type: Synthetic, Fermented
By Application: Industrial Solvent, Fuel/Fuel Additive, Bacteriacide/Disinfectant, Beverages, Personal Care, Other Applications
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 2023" 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. Ethyl Alcohol Market Size And Growth
……
26. Africa Ethyl Alcohol Market
27. Ethyl Alcohol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ethyl Alcohol Market
29. Ethyl Alcohol Market Future Outlook and Potential Analysis
30. 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,…
