According to the report by Expert Market Research (EMR), the India extra neutral alcohol (ENA) market is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by the increasing demand from the beverage industry and other industrial applications, the market is expected to grow significantly by 2032.
Extra Neutral Alcohol (ENA) is a high-purity alcohol, devoid of impurities, and is primarily used in the production of alcoholic beverages such as whisky, vodka, and gin. It is also a crucial ingredient in the manufacturing of cosmetics, pharmaceuticals, and inks. ENA’s versatility and purity make it an essential component in these diverse industries.
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The burgeoning alcoholic beverage industry in India is a primary driver of the India extra neutral alcohol (ENA) market growth. The country’s increasing middle-class population, along with a shift in social norms and lifestyle changes, has led to a rise in alcohol consumption, subsequently boosting the demand for ENA.
In addition, the pharmaceutical sector in India, known as the “pharmacy of the world,” significantly contributes to the demand for ENA. The sector uses ENA as a solvent and a key ingredient in the production of antiseptics, drugs, and syrups. The consistent growth in the pharmaceutical industry directly correlates with the healthier India extra neutral alcohol (ENA) market outlook.
Industry Dynamics
The India ENA market’s growth trajectory is influenced by several factors, including government regulations, advancements in production technology, and the supply chain dynamics.
Stringent government regulations concerning the production, distribution, and taxation of alcohol propel the India extra neutral alcohol (ENA) market demand. Regulatory policies regarding alcohol vary from state to state in India, impacting the accessibility and pricing of ENA.
Technological advancements in the distillation and purification processes have enhanced the quality of ENA, making it suitable for a broader range of applications. These technological improvements have also led to more efficient production, reducing costs and environmental impact.
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Supply chain dynamics, including the sourcing of raw materials like molasses and grains, transportation, and storage, also significantly impact the ENA market. Fluctuations in the availability and pricing of these raw materials can affect the market’s stability.
India Extra Neutral Alcohol (ENA) Market Segmentation
The market can be divided based on raw material, end use, and states.
Market Breakup by Raw Material
- Grain Based
- Sugarcane Based
- Others
Market Breakup by End Use
- Alcoholic Beverages
- Flavours and Fragrances
- Pharmaceuticals
- Cosmetics
- Others
Market Breakup by States
- Punjab
- Maharashtra
- Madhya Pradesh
- Uttar Pradesh
- Karnataka
- Andhra Pradesh and Telangana
- Tamil Nadu
- Haryana
- West Bengal
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India extra neutral alcohol (ENA) market. Some of the major players explored in the report by Expert Market Research are as follows:
- India Glycols Limited
- Triveni Engineering & Industries Ltd.
- Dhampur International Pte. Ltd.
- Privilege Industries Limited
- Others
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