Global Ethyl Alcohol And Other Basic Organic Chemical Market Share 2024, Forecast To 2033
11 Jan, 2024
The market for ethyl alcohol and other basic organic chemicals has exhibited robust growth, ascending from $1303.83 billion in 2023 to $1421.02 billion in 2024, reflecting a 9.0% Compound Annual Growth Rate (CAGR). Historical growth is attributed to industrialization, petrochemical industry expansion, consumer product manufacturing, agricultural chemicals, and energy sector demand. Projections suggest continued strong growth, reaching $1970.24 billion by 2028, with an 8.5% CAGR. This growth is driven by renewable energy, biofuels, environmental regulations, green chemistry principles, and health and wellness trends. Key trends include biobased chemicals, sustainable packaging, carbon capture and utilization (CCU), and specialty chemicals.
Global Ethyl Alcohol And Other Basic Organic Chemical Market Key Driver
The ethyl alcohol and basic organic chemicals market is expected to expand due to increased consumption of alcoholic beverages. As alcoholic drink consumption rises, particularly in the U.S. with a 2.9% increase in ethanol consumption per person in 2021, the market for ethyl alcohol and related organic chemicals is growing. Factors such as flavor compounds and sugars contribute to the sensory experience of alcoholic beverages, highlighting the market's dependence on the flourishing alcoholic beverage industry.
Get A Free Sample Of The Global Ethyl Alcohol And Other Basic Organic Chemical Market ReportGlobal Ethyl Alcohol And Other Basic Organic Chemical Market Segments
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
By Geography: The regions covered in the ethyl alcohol and other basic organic chemical market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the ethyl alcohol and other basic organic chemical market in 2023. North America was the second-largest region in the ethyl alcohol and other basic organic chemical market. The regions covered in the ethyl alcohol and other basic organic chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Ethyl Alcohol And Other Basic Organic Chemical Industry Players
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.
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Ethyl Alcohol And Other Basic Organic Chemical Market Overview
The ethyl alcohol is a clear, colorless liquid made through the hydration of ethylene and basic organic chemicals are substances that contain carbon and hydrogen. The ethyl alcohol is highly flammable and contains pleasant odor and burning taste.
Ethyl Alcohol And Other Basic Organic Chemical Global Market Report 2023 provides data on the global ethyl alcohol and other basic organic chemical market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ethyl alcohol and other basic organic chemical market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.