The Global Benzene-Free Anhydrous Industrial Ethyl Alcohol Market size is projected to reach USD X.X billion by 2028, growing at a CAGR of 3.7% from 2021-2028. The growth will be driven by the increasing use of ethanol as a substitute for gasoline in vehicles and the increased demand for alcoholic beverages with low calories & sugar content as well as improved regulations on global trade policies against the use of benzene derived products such as solvents, paints & coatings, etc.
Industrial ethyl alcohol is a colorless, flammable liquid that has many industrial and commercial uses. Ethanol molecules consist of an oxygen atom connected to two hydrogen atoms by covalent bonds. Ethyl alcohol or ethanol can be created synthetically in the laboratory but it naturally occurs when yeasts ferment sugar dissolved in water. The ethyl alcohol or ethanol is then separated from the mixture through distillation. Benzene-free industrial ethyl alcohol contains no benzene which makes it safe for consumption and use in foodstuffs, beverages, pharmaceuticals, essential oils as well as beauty products. Benzene-free anhydrous industrial ethyl alcohol has a high level of purity and is clear. It also offers good solvency properties for nonionic organic compounds.
On the basis of Type, the global benzene-free anhydrous industrial ethyl alcohol market is segmented into High Purity, Middle Purity, and Low purity.
High Purity Benzene-free Anhydrous Industrial Ethyl Alcohol is alcohol manufactured to be free of benzene. High Purity benzene-free anhydrous industrial ethyl alcohol is specifically developed and formulated to meet the requirements of various applications. It does not contain any toxic impurities such as Benzene, Heavy metals, and other VOC's (Volatile organic compound). The product meets the ASTM D675 standard for reagent grade purity grades.
Middle Purity benzene-free anhydrous industrial ethyl alcohol is a synthetic, colorless liquid with the chemical formula of C H O. The weight percent concentration of benzene in Middle Purity Benzene Free Industrial Ethyl Alcohol is 0%. Middle Purity benzene-free anhydrous industrial ethyl alcohol has properties like purification, solvent extraction, and chemical synthesis. Middle Purity benzene-free anhydrous industrial ethyl alcohol is prepared by hydrogenation of high purity (benzene free) ethanol. The use of the former results in better color, less odor, and more flavor than that produced from low purity products.
Low Purity anhydrous industrial ethyl alcohol is the type of benzene-free Industrial Ethyl Alcohol with low purity. Low Purity is a form of industrial ethyl alcohol which has a purity level of less than 99.95% and offers specific properties that make it suitable for many applications in the chemical, pharmaceutical, food & beverages industries. Industrial grade ethanol and denatured fuel ethanol are examples of Low Purity Anhydrous Industrial Ethanol.
On the basis of Application, the global benzene-free anhydrous industrial ethyl alcohol market is segmented into Reagent Alcohols, Specially Denatured Alcohols (SDA), Special Industrial Solvents (SIS), Proprietary Solvents (PROPS) & Completely Denatured Alcohols (CDA).
On the basis of Region, the global benzene-free anhydrous industrial ethyl alcohol market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Amongst these regions, North America accounted for the largest share of about 38% in 2017 owing to high demand from end-use industries such as pharmaceuticals; paints & coatings; and inks.
The Asia Pacific is projected to be the fastest-growing regional segment during the forecast period, owing to rising demand from end-use industries such as pharmaceuticals; paints & coatings; and inks, especially from China. Furthermore, increasing use of this product for various applications such as Chemical Auxiliary Solvent (CAS) and Solvent for Reactive Polymers (SRP) in emerging economies such as India, South Korea & China is expected to drive the demand over the forecast period.
Demand from end-use industries such as pharmaceuticals; paints & coatings; and inks led the European market of Benzene-free Anhydrous Industrial Ethyl Alcohol to achieve the highest CAGR over the forecast period. Furthermore, increasing use of this product for various applications such as Chemical Auxiliary Solvent (CAS) and Solvent for Reactive Polymers (SRP), in particular from Germany is expected to drive the demand over the next eight years.
It has become increasingly difficult to obtain ethanol from other sources such as sugar, starch, and corn due to various factors such as production costs and regulatory restrictions in some countries. This further boosts the global market for benzene-free anhydrous industrial ethyl alcohol. High Purity Anhydrous Industrial Ethanol has emerged as one of the key drivers for this market owing to its high purity level, which makes it a very popular choice for a wide range of applications including reagent alcohols, Specially Denatured Alcohol (SDA), Special Industrial Solvents (SIS) and Proprietary Solvents.
Up Market Research published a new report titled “Benzene free Anhydrous Industrial Ethyl Alcohol Sales Market research report which is segmented by Types (High Purity, Middle Purity, Low Purity), By Applications (Reagent Alcohols, Specially Denatured Alcohols (SDA), Special Industrial Solvents (SIS), Proprietary Solvents (PROPS), Completely Denatured Alcohols (CDA), Duplicating Fluids (DUP)), By Players/Companies Grain Processing Corporation, Ethanol, CPC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Benzene free Anhydrous Industrial Ethyl Alcohol Sales Market Research Report |
By Type | High Purity, Middle Purity, Low Purity |
By Application | Reagent Alcohols, Specially Denatured Alcohols (SDA), Special Industrial Solvents (SIS), Proprietary Solvents (PROPS), Completely Denatured Alcohols (CDA), Duplicating Fluids (DUP) |
By Companies | Grain Processing Corporation, Ethanol, CPC |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 232 |
Number of Tables & Figures | 163 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type High Purity, Middle Purity, Low Purity and By Application Reagent Alcohols, Specially Denatured Alcohols (SDA), Special Industrial Solvents (SIS), Proprietary Solvents (PROPS), Completely Denatured Alcohols (CDA), Duplicating Fluids (DUP).
Some of the companies that are profiled in this report are:
Benzene free Anhydrous Industrial Ethyl Alcohol Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Benzene free Anhydrous Industrial Ethyl Alcohol Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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