The Ethyl Alcohol And Other Basic Organic Chemical Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Ethyl Alcohol And Other Basic Organic Chemical Global Market Report 2024, The ethyl alcohol and other basic organic chemical market size has grown strongly in recent years. It will grow from $1303.83 billion in 2024 to $1421.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to industrialization, petrochemical industry growth, consumer product manufacturing, agricultural chemicals, energy sector demand.
The ethyl alcohol and other basic organic chemical market size is expected to see strong growth in the next few years. It will grow to $1970.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to renewable energy and biofuels, environmental regulations, circular economy initiatives, the adoption of green chemistry principles, health and wellness trends. Major trends in the forecast period include biobased chemicals, specialty chemicals, sustainable packaging, carbon capture and utilization (ccu), personal care and cosmetics.
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 2021, according to the National Institute on Alcohol Abuse and Alcoholism, a US-based alcohol-related researcher, the U.S. ethanol consumption from all alcoholic beverages combined per person in 2021 was 2.51 gallons, up 2.9% from 2.44 gallons in 2020. Furthermore, according to the U.S. Census area, per capita alcohol consumption increased between 2020 and 2021 in the Northeast by 5.4%, the Midwest by 1.6%, the South by 3.4%, and the West by 2.3%. Therefore, the increasing consumption of alcoholic beverages will drive the market for ethyl alcohol and other basic organic chemicals.
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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
Top 5 Major Players:
- Archer-Daniels-Midland Company (ADM)
- Wacker Chemie AG
- Celanese Corporation
- Valero Energy Corp
- Lanxess AG
The ethyl alcohol and other basic organic chemical market report table of contents includes:
1. Executive Summary
2. Ethyl Alcohol And Other Basic Organic Chemical Market Characteristics
3. Ethyl Alcohol And Other Basic Organic Chemical Product/Service Analysis -Product/Service Examples
4. Ethyl Alcohol And Other Basic Organic Chemical Market Trends And Strategies
5. Ethyl Alcohol And Other Basic Organic Chemical Market – Macro Economic Scenario
…..
67 Facilities Support Services Market Competitive Landscape And Company Profiles
68. Global Ethyl Alcohol And Other Basic Organic Chemical Market Competitive Benchmarking
69. Global Ethyl Alcohol And Other Basic Organic Chemical Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Ethyl Alcohol And Other Basic Organic Chemical Market
71. Ethyl Alcohol And Other Basic Organic Chemical Market Future Outlook and Potential Analysis
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Ethyl Alcohol And Other Basic Organic Chemical Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Ethyl Alcohol And Other Basic Organic Chemical Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Ethyl Alcohol And Other Basic Organic Chemical Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 144: Archer-Daniels-Midland Company (ADM) Financial Performance
Table 145: Wacker Chemie AG Financial Performance
Table 146: Celanese Corporation Financial Performance
Table 147: Valero Energy Corp Financial Performance
Table 148: Lanxess AG Financial Performance
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