According to ChemAnalyst report, “Global Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, Ethanol Derivatives market has shown considerable growth in historic period and is expected to achieve a healthy CAGR of 5.23% during the forecast period. Growing demand of Ethanol Derivatives such as Ethyl Alcohol, Anhydrous Alcohol, High Grade Aerosol Alcohol, and others for a variety of industrial applications is anticipated to boost the global Ethanol Derivatives market in the upcoming years. The production of Ethanol Derivatives is highly associated with the safety concerns of environment and human health before it can be further used which also enhances the compliance standards.
Ethanol with the chemical formula C2H6O is a colorless liquid which is flammable in nature. It is extensively used as a solvent in cosmetics, food colorings, alcoholic beverages, paints, medicines, surgical spirits, aerosol products etc. Due to the increasing demand of Ethanol derivatives from end-user industries, the number of facilities for the production of Ethanol is also increasing. Ethanol derivatives have come into the limelight as they are eco-friendly and affordable in comparison to several crude derivatives. The are widely utilized as key commodity chemicals in various industries including food & beverages, Chemical, Pharmaceutical and others. Growing demand of biobased Derivates of ethanol as a renewable fuel and cleaning agent is expected to augment the global market growth of Ethanol Derivatives during the forecast period.
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Ethanol Derivatives market comprises of a large number of chemical products that are categorized as per their applications and properties. The demand of Ethyl Acetate from the cosmetic industry is also driving the Ethanol market. Ethanol and its derivates are extensively used in automotive industry as a transportation fuel. With rapid urbanization and industrialization, the demand of renewable transportation fuels for automobiles is expected to accelerate the Ethanol Derivates market worldwide in coming years. Moreover, with the rise in demand from Alcoholic beverages segment would further accelerate the consumption of Ethanol and its Derivatives across the world. Many leading manufacturers are merging with new acquisitions to strengthen the R&D department and improve the product portfolio and market footprint to expand their businesses.
The global Ethanol Derivatives market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Ethanol Derivatives market is segregated into Paints, Coatings & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Other end-use industries. Paints, Coatings & Adhesives is the leading segment and expected to create huge demand of Ethanol Derivatives such as Ethyl Acetate, which is a widely used solvent in this sector.
Region wise, Asia Pacific region holds the largest market share of the global demand of Ethanol Derivatives followed by the Europe. China is the world's major producer of ethanol derivatives due to the volume of feedstock that is readily available.
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“Global Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, the significant players active in Ethanol Derivatives market are Celanese Corporation, Jiangmen Handsome, Jiangsu Jinmaoyuan, India Glycols Limited, Jubliant Lifesciences, Jiangu Sopo, Laxmi Organic Industies Ltd, Anhui Huayi, and Braskem.
“Being linked to the downstream applications in the cosmetic, automotive, pharmaceutical, Food & Beverage industry, the Global Ethanol Derivatives Industry has shown considerable growth along with the increasing population and changes in the costumer preference. It is solely expected that Asia Pacific region will retain as one of the biggest consumer markets of Ethanol Derivatives during the forecast period. In addition, growing per capita income worldwide poised a stronger outlook to the country’s Ethanol Derivatives demand. Meanwhile, China serves as the major holder with latest technologies as a producer of Ethanol Derivatives.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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