Global Olefin Derivatives Market

Water Based Printing Inks Market Definition

The water-based printing inks market consists of sales of water-based printing inks and related services used for printing on fabric and paper. Water-based printing inks are referred to as aqueous inks and are dye and pigment inks. Water based inks are not waterproof and they have the property to fade in UV light. The use of water-based printing inks has been limited due to compatibility with substrate materials, but they are successfully used in various applications including printing on fabric, paper, and some plastics. Water based ink is an ink that is made with water as opposed to using plastic or polyvinyl chloride (PVC). These water-based inks can be split into two main ingredients, water and pigments. Water based inks are an alternative to plastisol ink. The most prominent feature of water-based ink is that the base does not include plastic, which makes it an eco-friendlier option. The ink seeps into garments and dyes the material rather than sitting on top of the fabric. This creates a more consistent feel along with a more vintage look after a few washes.

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.

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%.

The ethyl alcohol market covered in this report is segmented by end use industry into automotive, food and beverages, pharmaceutical, personal care, others.

Rising demand for ethanol in the food processing industry is contributing to the growth of the ethyl alcohol market. It is used as an intoxicating ingredient in manufacturing alcoholic and non-alcoholic beverages such as vodka and gin. Additionally, ethyl alcohol is also used as a natural product in non-alcoholic beverages. Due to increased ready-to-eat, frozen and packaged foods, the food processing industry is growing significantly. As a result, the demand from the food processing industry has also increased due to 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. For example, in India, the ethanol market is expected to grow from $2.50 billion in 2018 to $7.38 billion by 2024, at a CAGR of 14.50% due to ethanol use in applications such as food and beverages. Rising demand for ethanol in food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the market.

The rise in awareness about ill effects of alcohol consumption is expected to limit the growth of the ethyl alcohol market. According to a study by World Health Organization (WHO), alcohol consumption is responsible for more than 200 diseases and injury conditions. It possesses risks of health problems such as mental and behavioural disorders, diseases such as liver cirrhosis, cardiovascular diseases and injuries from road accidents. With rising awareness of effects of alcohol consumption on global health, the demand for information on consumption and its related harm and policies, has risen significantly. For example, in 2020, according to the Journal of Studies, alcohol awareness in the Yukon increased to 42%, a 10% rise in awareness due to warning labels on alcohol bottles and drugs. This is bound to negatively impact the market.

Companies are 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. The rising demand for liquid fuels in the transportation industry, global rising demand for oil, and negative consequences of global warming have contributed to the increased use of corn-based sugar to produce ethanol, thereby reducing global warming gases. It can be used in many of today's passenger cars and trucks as a substitute for burning gasoline. The US Department of Agriculture (USDA) predicts that during the 2020-21 crop season, 5.2 billion hectares of corn will go to ethanol generation, up 250 million hectares compared to the approximate amount of corn which moved to ethanol processing during the 2019-20 crop season. Additionally, the U.S and Brazil produce 85% of the global ethanol from corn. Production of ethanol from corn helps in reducing greenhouse gases by 18% and production of ethanol from sugar helps in reducing greenhouse gases by 90%. Production of ethanol from corn and sugar offers several advantages such as reduced greenhouse gases and decreases the dependency of foreign oil.

In October 2019, The Andersons, Inc., a USA-based company specialized in agriculture, grain, rail, plant nutrients, and ethanol merged with Marathon Petroleum Corp. to form a new entity, The Andersons Marathon Holdings LLC. The merger is expected to enhance and broaden the ethyl alcohol facilities. The ethyl alcohol facilities in the merger include those in Albion, Mich, Clymers, Ind, and Greenville, Ohio. Marathon Petroleum Corp. is a USA-based petroleum refining company that specializes in refining, supplying, marketing, and transporting petroleum products.

The major players covered in the global 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, LyondellBasell Industries NV, Mitsubishi Chemical Corporation, Pacific Ethanol Inc., SABIC, Sasol Limited, POET, Solvay Group, Valero, INEOS Group Holdings SA, Merck Millipore (U.S.).

The countries covered in the global ethyl alcohol market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global ethyl alcohol market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global ethyl alcohol market is segmented -

1) By Type: Synthetic, Fermented

2) By Application: Industrial Solvent, Fuel/Fuel Additive, Bacteriacide/Disinfectant, Beverages, Personal Care, Other Applications

3) By End Use Industry: Automotive, Food and Beverages, Pharmaceutical, Personal Care, Others

The disinfectants market consists of sales of the chemical solutions that kill microorganisms and prevent infectious diseases. Disinfectant in general refers to a chemical agent that is used to kill all recognized pathogenic microorganisms on inanimate objects on the surface of floors, tiles, washrooms, furniture and instrument.

The global disinfectants market is expected grow from $0.66 billion in 2020 to $0.84 billion in 2021 at a compound annual growth rate (CAGR) of 27.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 $1.42 billion in 2025 at a CAGR of 14%.

Rising occurrence of hospital-acquired infections increased spending on disinfectant solutions globally and this factor contributed to the global disinfectant market's growth. Patients sometimes get cured in hospitals but however get infected by other diseases in hospitals itself, this is called Hospital-acquired infections (HAI). According to the world health organization (WHO), in Europe, nearly 41.31 lakhs patients are infected by approximately 45.441 lakhs episodes of healthcare-associated infections every year. The increase in safety towards patients in hospitals has boosted the spending on disinfecting solutions which resulted in the growth of the disinfectant market.

A saturated market of developed economies is expected to limit the growth of the disinfectant market. In recent years, the developed countries are using the same quantity of disinfectant solutions as previous years. Due to the stabilized consumption, the growth rate in developed markets is expected to decline when compared to the growth of disinfectants in the emerging market. Inadequate change in the market hampers the disinfectant market.

Disinfectant service providers are using the drone to spray the disinfectant solutions without using humans to reduce the spread of infection from the contaminated area. In China, several drone manufacturer has modified their agricultural drone models, which were originally intended to spray crops with pesticides, to spray disinfectant. Over large areas can be disinfected with ease and effective way.

In March 2019, Innovative chemical products acquired Benefect for an undisclosed amount. The acquisition is expected to strength the ICP BSG's family. Benefect is founded in year 2006 and leading supplier of hospital disinfectant using essential oils from plants.

The major players covered in the global disinfectants market are 3M Company, Johnson & Johnson, Reckitt Benckiser Group PLC, Bio-Cide International Inc., Cardinal Health, Steris Corporation, Procter & Gamble, Kimberly-Clark Corporation, Novartis AG, BD, Abc Compounding, Advanced Sterilization Products, American Biotech Labs, Angelini Pharma Inc., Becton, Dickinson And Company, Nufarm Limited and Carefusion Corp, Cantel Medical, The Clorox Company, Ecolab, Diversey, Inc, CarroLLClean, Whiteley Corporation, Gojo Industries, Inc.

The countries covered in the global disinfectants market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global disinfectants market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global disinfectants market is segmented -

1) By Type: Quaternary Ammonium Compounds, Peracetic Acid, Chlorine Compounds, Hydrogen Peroxide, Alcohols & Aldehyde Products, Others

2) By End User: Hospitals, Clinics, Domestic Users, Others

3) By Form: Liquid, Sprays

Carbon Dioxide Market Definition

The carbon dioxide market consists of the sales of carbon dioxide by entities (organizations, sole traders or partnerships) that manufacture carbon dioxide gas in compressed, liquid, and solid forms. Carbon dioxide (CO2) is an odorless, colorless gas with a slightly pungent, acid taste. Commercial carbon dioxide is recovered from industrial plants, which produce hydrogen or ammonia from natural gas, coal and hydrocarbon feedstock. Corn-to-ethanol plants have been the most rapidly growing source of feed gas for CO2 recovery. CO2-rich natural gas reservoirs are another source of recoverable carbon dioxide.