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Ethyl Alcohol market Report 2021 : COVID-19 Impact And Recovery
Ethyl Alcohol Market Report 2021
The Business Research Company's Ethyl Alcohol Global Market Report 2021 : COVID-19 Impact And Recovery
LONDON, GREATER LONDON , UK, September 8, 2021 /EINPresswire.com / -- According to the new market research report Ethyl Alcohol Global Market Report 2021: COVID-19 Impact And Recovery' published by The Business Research Company, the ethyl alcohol market is expected to grow from $4.57 trillion in 2020 to $4.89 trillion 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 $5.85 trillion in 2025 at a CAGR of 5%. Rising demand for ethanol in food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the market.
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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, colorless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent.
Trends In The Global Ethyl Alcohol 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.
Global Ethyl Alcohol Market Segments :
The global ethyl alcohol market is further segmented based on type, application, end use industry and geography.
By Type: Synthetic, Fermented
By Application: Industrial Solvent, Fuel/Fuel Additive, Bactericide /Disinfectant, Beverages, Personal Care, Other Applications
By End Use Industry: Automotive, Food and Beverages, Pharmaceutical, Personal Care, Others
By Geography: The global ethyl alcohol market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Ethyl Alcohol Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ethyl alcohol market overviews, analyzes and forecasts market size and growth for the global ethyl alcohol market, ethyl alcohol market share, ethyl alcohol market players, ethyl alcohol market segments and geographies, ethyl alcohol market's leading competitors' revenues, profiles and market shares. The ethyl alcohol market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors' approaches.
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Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Ethyl Alcohol Market Organizations Covered: 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.).
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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Here is a list of reports from The Business Research Company similar to the Ethyl Alcohol Global Market Report 2021:
Ethyl Alcohol And Other Basic Organic Chemical Global Market Report 2021 - By Type (Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (Except Resins), Fatty Acids, Gum And Wood Chemicals), By End-User Industry (Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry), By Grade (Food Grade, Industrial Grade, Cosmetics Grade), COVID-19 Impact And Recovery
Chemicals By End Use Global Market Report 2020 - By Type (Ethyl Alcohol And Other Basic Organic Chemical, Petrochemicals, Plastics Materials And Resin, Fertilizer, Toiletries, General Chemical Product, Soap And Cleaning Compounds, Paints And Coatings, Printing Inks, Industrial Gas, Adhesives, Synthetic Dye And Pigment, Synthetic Rubber And Fiber, Pesticide And Other Agricultural Chemicals, Other Basic Inorganic Chemical)
Chemicals Global Market Report 2021 - By Type (General Chemical Product, Printing Inks, Toiletries, Soap And Cleaning Compounds, Adhesives, Paints And Coatings, Pesticide And Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber And Fibers, Plastic Material And Resins, Ethyl Alcohol And Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye And Pigment, Industrial Gas, Petrochemicals), COVID-19 Impact And Recovery
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