Middle East and Africa Industrial Ethanol Market, By Raw material (Bio Based and Synthetic), Type (Absolute Ethanol, Ethanol 95%, Denatured Ethanol and Others), Application (Paints and Coatings, Pharmaceutical, Food & Beverages, Printing Ink, Agricultural, Household and Industrial Cleaning Solutions, Cosmetics and Personal Care, Adhesives and Others), Country (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and Rest of Middle East and Africa) Industry Trends and Forecast To 2028.
Market Analysis and Insights: Middle East and Africa Industrial Ethanol Market
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 7.1% in the forecast period of 2021 to 2028 and is expected to reach USD 9,670,167.41 thousand by 2028. Increase in the global trade of alcohol is expected to drive and boost the demand for the industrial ethanol market.
Industrial ethanol is a colorless organic solvent obtained by both traditional fermentation and other synthetic methods. It is highly inflammable and requires specialized storage conditions. Further, it finds widespread application in several industries such as paints and coatings, cosmetics and personal care, automotive and several others.
Effective use of industrial ethanol in the paints and coating industry is expected to drive and boost the demand for the industrial ethanol market. Rising adverse environmental impact of ethanol production is expected to hamper the demand for the industrial ethanol market. Rising use of ethanol as marine fuel is expected to act as an opportunity for the industrial ethanol market. Fluctuation in the prices of raw materials is expected to act as challenge for the industrial ethanol market.
The industrial ethanol market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the industrial ethanol market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Industrial Ethanol Market Scope and Market Size
The industrial ethanol market is segmented based on the raw material, type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of raw material, the industrial ethanol market is segmented into bio based and synthetic. In 2021, bio based segment is expected to dominate as it has witnessed a massive demand due to government rules and regulations to reduce the carbon emission.
- On the basis of type, the industrial ethanol market is segmented into absolute ethanol, ethanol 95%, denatured ethanol and others. In 2021, absolute ethanol segment is expected to dominate as it is primarily boosted by the extensive metal and chemical manufacturing process happening in the region that depends on ethanol as a solvent.
- 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 segment is expected to dominate the market due to the abundant availability of raw materials such as petrochemicals, which allow the mass production and consumption of paints and coatings.
Middle East and Africa Industrial Ethanol Market Country Level Analysis
Middle East and Africa 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 Middle East and Africa industrial ethanol market report are the South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and rest of Middle East and Africa.
South Africa is expected to dominate in the Middle East and Africa industrial ethanol market due to the large population, large-scale production and abundant availability of raw materials. Further, large-scale ethanol application as industrial fuel, which also creates a large customer base in the region for the industrial ethanol market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Industrial Ethanol is boosting the Industrial Ethanol Market Growth
The industrial ethanol market also provides you with detailed market analysis for every country growth in industrial ethanol market. Additionally, it provides the detailed information regarding the industrial ethanol market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Industrial Ethanol Market Share Analysis
The industrial ethanol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Middle East and Africa industrial ethanol market.
The major companies covered in the Middle East and Africa industrial ethanol market report are INEOS, Cargill, Incorporated, Mitsubishi Chemical Corporation, Sasol, BASF SE, ADM among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contract and agreement are also initiated by the companies’ worldwide which are also accelerating the industrial ethanol market.
For instance,
- In June 2021, BASF SE partnered with Japanese chemical giant Mitsui Chemicals to conduct studies regarding recycling of chemical wastes. The company expects to commercialize chemical recycling in Japan and improve its revenue with this partnership.
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market players is enhancing the company footprints in the industrial ethanol market which also provides the benefit for organization’s profit growth.
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