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.

Fatty Acids Market Definition

The fatty acids market consists of sales of fatty acids by entities (organizations, sole traders or partnerships) that produce fatty acids. Fatty acids act as energy for muscles, the heart and other organs, as building blocks of fats in the human body and also as an agent that manages inflammation. Fatty acids comprise of a straight chain of an even number of carbon atoms with hydrogen atoms both along the length of the chain and at one end of the chain, and a carboxyl group (?COOH) at the other end. Fatty acids are both an energy source and a constituent of membranes. They have biological actions that influence the metabolism, function, and responsiveness of cells and tissues to hormonal and other signals. Humans consume a range of fatty acids, which are found in their diet, bloodstream, cells, and tissue.

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.

Hydrogen Market Definition

The hydrogen market consists of the sales of hydrogen by entities (organizations, sole traders or partnerships) that manufacture hydrogen ingas or liquid forms. Hydrogen is an active agent in oil refineries and an important ingredient in a range of other industries including chemical production, metal refining, food processing and electronics manufacturing. Only goods and services traded between entities or sold to end consumers are included. Hydrogen in its gaseous form, is supplied is supplied in high-pressure gas cylinders or in hydrogen tanks and gas tube trailers in case of bulk gas delivery. It can be distributed through pipelines for a continuous supply. Hydrogen can also be produced in on-site hydrogen plants.

The disinfectants market consists of sales of 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 main types of disinfectants are quaternary ammonium compounds, peracetic acid, chlorine compounds, hydrogen peroxide, alcohols and aldehyde products, and other products. Hydrogen peroxide is defined as an unstable, oily, colorless liquid that is used as a bleaching agent or an antiseptic. It also occurs naturally in the air in small amounts. The major forms of disinfectants are liquid and sprays. The various end-user industries of disinfectants include hospitals, clinics, domestic users, and other end users. The global disinfectants market size is expected to grow from $5.58 billion in 2021 to $6.1 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The global disinfectant market size is expected to grow to $8.99 billion in 2026 at a CAGR of 10.2%. The increasing 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 get infected by other diseases in hospitals themselves, 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 drones 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 strengthen the ICP BSG's family. Benefect is founded in year 2006 and leading supplier of hospital disinfectants using essential oils from plants. Major players in the 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, and American Biotech Labs. Asia Pacific was the largest region in the disinfectants market in 2021. Western Europe was the second-largest region in the global disinfectant market. The regions covered in the global disinfectants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the disinfectants market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global disinfectants market is segmented - 1) By Type: Quaternary Ammonium Compounds, Peracetic Acid, Chlorine Compounds, Hydrogen Peroxide, Alcohols and Aldehyde Products, Others 2) By Form: Liquid, Sprays 3) By End-User: Hospitals, Clinics, Domestic Users, Others

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 is also known as ethanol or grain alcohol is a volatile, flammable, colorless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent. The main types of ethyl alcohol are synthetic and fermented. Ethyl alcohol fermentation is defined as the chemical process in which the yeast transforms glucose and fructose in a solution to ethanol, carn dioxide, and heat. The various applications of ethyl alcohol include industrial solvent, fuel/fuel additive, bacteriacide/disinfectant, beverages, personal care, and other applications. The major end-use industries of ethyl alcohol are automotive, food and beverages, pharmaceutical, personal care, and other end users. The global ethyl alcohol market size is expected to grow from $486.53 billion in 2021 to $518.84 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global ethyl alcohol market size is expected to grow to $649.33 billion in 2026 at a CAGR of 5.8%. 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 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. For example, in India, the ethanol market is expected to grow 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 the food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the market. The rise in awareness about the 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 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. 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 the 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 that moved to ethanol processing during 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 dependency on foreign oil. In October 2019, The Andersons, Inc., a USA-based company specializing 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. Major players 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. Asia Pacific was the largest region in the ethyl alcohol market in 2021. North America was the second largest market in the ethyl alcohol market. The regions covered in the ethyl alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ethyl alcohol market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. 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, Others 3) By End-User Industry: Automotive, Food and Beverages, Pharmaceutical, Personal Care, Others