The Global Ethyl Alcohol And Other Basic Organic Chemicals Market Is Expected To

Posted by ananth on July 16th, 2018

The ethyl alcohol and other basic organic chemicals industry comprises of establishments primarily engaged in manufacturing basic organic chemicals except petrochemicals, industrial gases and synthetic dyes and pigments. Ethyl alcohol and other basic organic chemicals industry in this report is segmented into synthetic sweeteners, plasticizers, ethyl alcohol, silicone (except resins), fatty acids and gum and wood.

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The reasons for substantial growth of the market from 1 billion in 2017 to 3 billion by 2021 are the economic growth, increase in demand from the transportation industry and extended mandatory use of ethanol in emerging markets.

The ethyl alcohol and other basic organic chemicals market in The Business Research Company’s report is segmented into six segments, namely synthetic sweeteners, plasticizers manufacturing, ethyl alcohol manufacturing, silicone (except resins) manufacturing, fatty acids manufacturing and gum and wood manufacturing.While the first and the second segments accounts for more than half of the share, the remaining share is accounted to the other four segments.

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Western Europe was the largest region in the Ethyl alcohol and other Organic chemicals market in 2017, accounting for 39% market share. North America was the second largest region accounting for 26% market share..

Archer Daniels Midland Co. (ADM Company) was the largest competitor in the ethyl alcohol and other basic organic chemicals market, followed by DowDuPont Inc. and Celanese Corporation. ADM engages in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It manufactures various products, including vegetable oil, protein meal, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients.

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ananth

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ananth
Joined: June 11th, 2018
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