The global ethyl alcohol and other basic organic chemical market size is expected to grow from $1,087.27 billion in 2021 to $1,176.33 billion in 2022 at a compound annual growth rate (CAGR) of 8.2%. The global ethyl alcohol and other basic organic chemical market size is expected to grow to $1,556.98 billion in 2026 at a CAGR of 7.3%.
What is the Global Ethyl Alcohol And Other Basic Organic Chemical Market?
The ethyl alcohol and other basic organic chemicals market consists of the sales of ethyl alcohol and other basic organic chemicals by entities (organizations, sole traders, or partnerships) that distill wood or gum into products, such as tall oil and wood distillates, distill coal tars, produce wood or gum chemicals, such as naval stores, natural tanning materials, charcoal briquettes, and charcoal (except activated), produce cyclic crudes or cyclic intermediates (i.e., hydrocarbons, except aromatic petrochemicals) from refined petroleum or natural gas, and/or produce basic organic chemical products (except aromatic petrochemicals, industrial gases, synthetic organic dyes and pigments, gum and wood chemicals, cyclic crudes and intermediates, and ethyl alcohol).
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What drives the Global Ethyl Alcohol And Other Basic Organic Chemical Market?
Ethyl alcohol or ethanol is being used as a combination with motor fuel in some countries. Ethyl alcohol used for fuel is being blended into gasoline at concentrations of 5% to 10%. Mostly sugar cane and corn are used to produce ethanol. For example, ethanol has replaced methyl tertiary butyl ether as a gasoline component and 50% of cars in Brazil are using 100% ethanol as fuel. Ethanol-only engines and flex-fuel engines are also adding to the growth of this market. Furthermore, many state and local governments in emerging markets such as China and India are passing laws for mandatory blending of ethanol in gasoline and diesel to reduce carbon emissions. For instance, China announced a nationwide ethanol mandate, which expanded the mandatory use of E10 fuel (gasoline containing 10% ethanol) from 11 trial provinces to the entire country by 2020, thus driving the growth of the ethyl alcohol market.
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Global Ethyl Alcohol And Other Basic Organic Chemical Market Segments
The global ethyl alcohol and other basic organic chemical market is segmented:
By Type: Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals
By Grade: Food Grade, Industrial Grade, Cosmetics Grade
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.
Ethyl Alcohol And Other Basic Organic Chemical Global Market Report 2022provides market size and growth forecasts for the global ethyl alcohol and other basic organic chemical market, global ethyl alcohol and other basic organic chemical market share, ethyl alcohol and other basic organic chemical market segments and geographies, ethyl alcohol and other basic organic chemical market competitive landscape including leading competitors’ revenues, profiles and market shares. The ethyl alcohol and other basic organic chemical market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Ethyl Alcohol And Other Basic Organic Chemical Industry Playersinclude Archer-Daniels-Midland Company (ADM), Wacker Chemie AG, Celanese, Valero Energy Corp, Lanxess AG, Evonik Industries AG, Kao Corporation, The Clorox Co, Eastman Chemical Corporation, and Atul Limited. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
