The comprehensive Asia-Pacific Industrial Ethanol market research report surely provides productive ideas with which product can be made more effective and striking in the competitive market. The report highlights the change in the market which is taking place due to the moves of key players and brands such as product launches, joint ventures, mergers and acquisitions that in turn changes the view of the global face of ABC industry. The significant Asia-Pacific Industrial Ethanol market research study analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.
The industrial ethanol market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.0% in the forecast period of 2021 to 2028 and is expected to reach USD 17,779,111.36 thousand by 2028. China, Japan and India are the major countries to produce industrial ethanol and export to other countries is expected to foster the market’s growth.
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The major companies which are dealing in the industrial ethanol are INEOS, Cargill, Incorporated, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Valero, Flint Hills Resources (a subsidiary of Koch Industries, Inc.), Sasol, CropEnergies AG, The Andersons, Inc., BASF SE, Alto Ingredients, Inc., and ADM, among other domestic and international players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Industrial Ethanol Market Scope and Market Size:
- On the basis of raw material, the industrial ethanol market is segmented into bio based and synthetic. In 2021, the bio-based segment is expected to dominate the market as the demand for bio-based ethanol is rapidly rising due to the application of ethanol in the formulation of paints and coatings that have extensive market demand in the region.
- On the basis of type, the industrial ethanol market is segmented into absolute ethanol, ethanol 95%, denatured ethanol and others. In 2021, absolute ethanol is expected to dominate the market as the demand for absolute ethanol witnessed a significant increment due to the huge demand for personal and self-care products such as hand sanitizers, oral care products that requires ethanol for their production.
- On the basis of application, the industrial ethanol market is segmented into paints and coatings, pharmaceutical, food & beverages, printing ink, agricultural, household and industrial cleaning solutions, cosmetics and personal care, adhesives and others. In 2021, paints and coatings is expected to dominate the market as the segment is experiencing a massive market demand due to the region's large-scale construction and developmental activities to address the growth in population in the respective region.
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Industrial Ethanol Market Country Level Analysis:
The industrial ethanol market is analyzed and market size information is provided by the country, raw material, type and application as referenced above.
The countries covered in the industrial ethanol market report are the Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific.
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