The new report by Expert Market Research titled, ‘Global Extra Neutral Alcohol (ENA) Market Size, Share, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the extra neutral alcohol (ENA) market, assessing the market based on its segments like raw material, end use, and major regions among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Extra Neutral Alcohol (ENA) Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview 2018-2028
• Historical Market Size (2021): USD 8.49 billion
• Forecast CAGR (2023-2028): 6.25%
• Forecast Market Size (2027): USD 12.22 billion
The Asia Pacific area accounts for a sizable portion of the extra neutral alcohol (ENA) market. This is a result of the area’s extensive production of extra neutral alcohol (ENA). The rise of the alcohol sector in countries like India and China in the region is also moving the market forward. The market is projected to develop strongly, thanks to increased production of extra neutral alcohol (ENA) to fulfil rising demand.
Extra Neutral Alcohol (ENA) Market Industry Definition and Major Segments
ENA (extra neutral alcohol) is the purest form of alcohol, usually manufactured from molasses or grains. It is refined several times to obtain colourless and odourless properties. It is used in a variety of products, including potable alcohol, perfumes, toiletries, oils, lacquers, antiseptics, dental sprays, and pharmaceuticals. Extra neutral alcohol (ENA) absorbs roughly 95% of alcohol by volume. It is a great solvent and is used for making paints, coatings, and inks in the manufacturing sector.
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The market is divided in terms of raw material into:
• Grain Based
• Sugarcane Based
• Others
The market is broadly categorised based on its end use into:
• Alcoholic Beverages
• Flavours and Fragrances
• Pharmaceuticals
• Cosmetics
• Others
Based on major regions, the extra neutral alcohol (ENA) market is divided into:
• North America
• Asia Pacific
• Latin America
• Europe
• Middle East and Africa
Extra Neutral Alcohol (ENA) Market Trends
Increasing alcohol use, rising disposable incomes, the growth of party culture in metropolitan areas across the world, and the penetration of pubs, lounges, and bars are all benefiting various alcohol companies. This, in turn, is boosting the beer industry’s growth and the surge in demand for extra neutral alcohol (ENA), boosting the extra neutral alcohol (ENA) industry’s growth. Furthermore, the increased preference for labelled liquors over country liquors might be ascribed to the market rise of extra neutral alcohol (ENA). The cosmetic and personal care industry’s increasing usage of extra neutral alcohol (ENA) as a carrier of perfumes and solvents is fuelling market expansion. The market is rapidly expanding due to increased demand for cosmetic and personal care items such as hair sprays and toiletries, among others. In addition, the extensive usage of extra neutral alcohol in consumer goods such as air fresheners, colognes, detergents, syrups, and other items is expected to boost the market in the predicted timeframe.
Key Market Players
The major players in the market:
• Illovo Sugar Africa (Pty) Ltd.
• NCP Alcohols (Pty) Ltd.
• Godavari Biorefineries Ltd
• India Glycols Limited
• others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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