How Is The Ethyl Alcohol And Other Basic Organic Chemical Market Segmented?
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 And Printing Industry, Electronics Industry, Food And Pharmaceutical Industry, Other End-User Industries
Subsegments:
1) By Synthetic Sweeteners: Aspartame, Sucralose, Saccharin, Acesulfame K
2) By Plasticizers: Phthalate-Based Plasticizers, Non-Phthalate Plasticizers, Bio-Based Plasticizers
3) By Ethyl Alcohol: Synthetic Ethyl Alcohol, Fermented Ethyl Alcohol
4) By Silicone (Except Resins): Silicone Fluids, Silicone Elastomers, Silicone Rubbers
5) By Fatty Acids: Saturated Fatty Acids, Unsaturated Fatty Acids, Essential Fatty Acids
6) By Gum And Wood Chemicals: Gum Rosin, Tall Oil, Wood Tar, Pine Chemicals
What Is Driving The Ethyl Alcohol And Other Basic Organic Chemical Market? Rising Alcoholic Beverage Consumption Boosts The Boosts Ethyl Alcohol And Organic Chemicals Market
Increasing consumption of alcoholic beverages is expected to propel the growth of the ethyl alcohol and other basic organic chemicals market going forward. Alcoholic drinks are those appropriate for human consumption and have a volume alcohol content of 1% or higher. Ethyl alcohol (ethanol) is the primary alcohol found in alcoholic beverages, and it serves as the main psychoactive ingredient. Other basic organic chemicals, such as flavor compounds and sugars, contribute to the taste, aroma, and complexity of alcoholic beverages, enhancing their overall sensory experience. For instance, in December 2023, according to the data published by Kirin Holdings Co. Ltd., a Japan-based alcoholic and non-alcoholic beverage and pharmaceuticals product company, global beer consumption in 2022 grew by around 5.4 million kiloliters, which is equivalent to about 8.5 billion bottles (633 ML each) compared to the previous year. Therefore, the increasing consumption of alcoholic beverages will drive the market for ethyl alcohol and other basic organic chemicals.
What Is Driving The Ethyl Alcohol And Other Basic Organic Chemical Market? Rising Demand For Ethanol As A Green Fuel Boosts Ethyl Alcohol And Organic Chemicals Market Growth
Increasing demand for ethanol as a fuel component is expected to propel the growth of the ethyl alcohol and other basic organic chemicals market going forward. Ethanol is a renewable biofuel produced from plant materials and used as a component in gasoline to reduce emissions and increase octane ratings. Ethanol (ethyl alcohol) improves fuel efficiency and reduces emissions when mixed with gasoline, making it a greener and more sustainable fuel option. For instance, in August 2023, according to the Foreign Agricultural Service, a US-based government agency, fuel ethanol consumption in Canada increased by an estimated 20 percent year over year, and the production of biodiesel reached 416 million liters in 2022, up from 405 million liters the previous year. Therefore, the increasing demand for ethanol as a fuel component is driving the growth of the ethyl alcohol and other basic organic chemicals market.
Who Are The Major Players In The Global Ethyl Alcohol And Other Basic Organic Chemical Market?
Major companies operating in the ethyl alcohol and other basic organic chemical market include Archer-Daniels-Midland Company (ADM), Wacker Chemie AG, Celanese Corporation, Valero Energy Corp, Lanxess AG, Evonik Industries AG, Kao Corporation, The Clorox Co, Eastman Chemical Corporation, Atul Limited, HPCL Biofuels Limited, Advanced Bioenergy LLC, Aventine Renewable Energy, Andersons Ethanol Group, British Petroleum, Braskem, Cargill Corporation, Butamax Advanced Biofuels LLC, Green Plains Inc., Flint Hill Resources LP, LyondellBasell Industries NV, INspec Ethylene Oxide and Specialities (INEOS), Mitsubishi Chemical Corporation, Baden Aniline and Soda Factory ( BASF SE), DowDuPont Inc., PPG Industries Inc., Solvay SA, Huntsman Corporation, Ashland Global Holdings Inc.
What Are The Key Trends Of The Global Ethyl Alcohol And Other Basic Organic Chemical Market? Automation And Instrumentation Boosting Efficiency In Chemical Manufacturing
Chemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively. Automation instruments include control valves, temperature transmitters, level transmitters, flow transmitters, and pressure transmitters that help to improve operational efficiency in manufacturing facilities. For example, Siemens process instrumentation and gas analytics solutions increase productivity and efficiency during plant operations.
What Are The Key Trends Of The Global Ethyl Alcohol And Other Basic Organic Chemical Market? Strategic Partnerships Enhance Ethyl Alcohol Production Through Innovative Collaborations
Major companies operating in the ethyl alcohol and other basic organic chemical market are focusing on strategic partnerships to leverage a competitive edge in the market. Strategic partnerships are collaborative relationships between two or more organizations that aim to achieve mutual goals by pooling resources, expertise, and capabilities while maintaining their independence. For instance, in March 2022, the Twelve Benefit Corporation, a US-based carbon transformation company, partnered with LanzaTech, a US-based carbon recycling technology company, to transform CO2 emissions into ethanol as part of an ongoing research and development partnership. The two companies combined their technological capabilities to create ethanol, which is a common alcohol used as fuel and an ingredient in hand sanitizers, personal care products, and household cleaning products. Strategic partnerships are collaborative relationships between two or more organizations that aim to achieve mutual goals by pooling resources, expertise, and capabilities while maintaining their independence.
Regional Outlook For The Global Ethyl Alcohol And Other Basic Organic Chemical Market
Asia-Pacific was the largest region in the ethyl alcohol and other basic organic chemical market in 2024. 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.
The countries covered in the ethyl alcohol and other basic organic chemical market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Ethyl Alcohol And Other Basic Organic Chemical Market?
The ethyl alcohol and other basic organic chemicals market consists of the sales of tall oil and wood distillates, distil coal tars, wood or gum chemicals, naval stores, natural tanning materials, charcoal briquettes, charcoal, cyclic crudes or cyclic intermediates, aromatic petrochemicals, industrial gases, and synthetic organic dyes and pigments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Ethyl Alcohol And Other Basic Organic Chemical Industry?
The ethyl alcohol and other basic organic chemicals market research report is one of a series of new reports from The Business Research Company that provides ethyl alcohol and other basic organic chemicals market statistics, including ethyl alcohol and other basic organic chemicals industry global market size, regional shares, competitors with an ethyl alcohol and other basic organic chemicals market share, detailed ethyl alcohol and other basic organic chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the ethyl alcohol and other basic organic chemicals industry. This ethyl alcohol and other basic organic chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
