Extra Neutral Alcohol Market Overview
The global Acoustic Insulation Market was valued at $6.90 billion in 2021 and is expected to reach $15.60 billion by 2030, growing at a 6.9% CAGR between 2023 and 2030.
There are various grades of alcohol available on the market. Fuel grade and industrial grade are two of them. Extra neutral alcohol (ENA) is food-grade alcohol that has been thoroughly distilled and comprises approximately 96 per cent by volume of alcohol. Potable alcoholic beverages such as vodka, gin, and rum are made from this alcohol. ENA is made by fermenting sugarcane molasses or grains with yeast and then distilling it several times to generate colourless and odourless alcohol.
Increasing demand for alcoholic beverages across the world is one of the prime factors that boost the demand for extra neutral alcohol (ENA) globally. This fact propels the growth of the global Extra Neutral Alcohol market. Additionally, alcohol consumption is increasing as a result of rising disposable incomes, a shift in people's attitudes toward drinking, and drinking becoming more socially acceptable.
On the other hand, an increase in alcohol abuse and stringent government policies with high taxes are anticipated to hamper the growth of the Extra Neutral Alcohol market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments Covered | Raw Material, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Illovo Sugar Ltd., NCP Alcohols, USA Distillers, Sasol Solvents, Mumias Sugar Company, Agrochemical and Food Company Ltd (AFCL), Kakira Sugar Works Ltd (KSW), Tag Solvent Products, Swift Chemicals, and Greenpoint Alcohols. |
COVID-19 Impact on Extra Neutral Alcohol Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Extra Neutral Alcohol Market Segment Overview
In terms of application, the Potable Alcohol segment dominates the global Extra Neutral Alcohol (ENA) market. The maximum share of the extra neutral alcohol produced goes into the making of alcoholic beverages and potable alcohol. Additionally, extra neutral alcohol (ENA) is used as a carrier in an extensive range of medicines in the pharmaceutical industry. Also, it is used to manufacture disinfectants, sprays, and syrups. As well, it is used as a solvent in the paints and printing industries.
Extra Neutral Alcohol Market, By Raw Material
· Grain-Based
· Sugarcane-Based
Extra Neutral Alcohol Market, By Application
· Potable Alcohol
· Flavors & Fragrances
· Pharmaceuticals
· Cosmetics
· Others
Extra Neutral Alcohol Market Regional Overview
Regio-wise, Asia Pacific is dominate the global Extra Neutral Alcohol (ENA) market. In terms of consumption, North America and Europe hold a significant share of the extra neutral alcohol (ENA) market. Besides this, Latin America, and Middle East & Africa grasp a small share of the extra neutral alcohol (ENA) market. These regions are projected to make opportunities in the extra neutral alcohol (ENA) market during the forecast period. In addition, South Africa and India are expected to create various lucrative opportunities in the extra neutral alcohol (ENA) market, as a large number of extra neutral alcohol (ENA) producers and distillers that produce alcoholic beverages are present in these countries. In India, the alcohol industry is rapidly expanding. In Asia, the country is a major producer of alcohol. These countries are likely to be in the spotlight in the next years since they are expected to drive global demand growth.
Extra Neutral Alcohol Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Extra Neutral Alcohol Market, Key Players
· Illovo Sugar Ltd.
· NCP Alcohols
· USA Distillers
· Sasol Solvents
· Mumias Sugar Company
· Agrochemical and Food Company Ltd (AFCL)
· Kakira Sugar Works Ltd (KSW)
· Tag Solvent Products
· Swift Chemicals
· Greenpoint Alcohols
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Extra Neutral Alcohol market?
Increasing demand for alcoholic beverages across the world is one of the prime factors that boost the growth of the Extra Neutral Alcohol (ENA) market.
Q2. What are the restraining factors for the Extra Neutral Alcohol market?
Increase in alcohol abuse and stringent government policies with high taxes are anticipated to restrain the growth of the Extra Neutral Alcohol Market.
Q3. Which Segments are covered in the Extra Neutral Alcohol market report?
Raw Material, Application, and Region, these segments are covered in the Extra Neutral Alcohol market report.
Q4. Which segment is projected to hold the largest share in the Extra Neutral Alcohol Market?
The Potable Alcohol segment is projected to hold the largest share in the Extra Neutral Alcohol Market.
Q5. Which are the prominent players in the Extra Neutral Alcohol Market?
Illovo Sugar Ltd., NCP Alcohols, USA Distillers, Sasol Solvents, Mumias Sugar Company, Agrochemical, and Food Company Ltd (AFCL), Kakira Sugar Works Ltd (KSW), Tag Solvent Products, Swift Chemicals, and Greenpoint Alcohols. are some key players in the Extra Neutral Alcohol Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Extra Neutral Alcohol Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Raw Material
- 5.2.1. Grain-Based
- 5.2.2. Sugarcane-Based
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Potable Alcohol
- 5.3.2. Flavors & Fragrances
- 5.3.3. Pharmaceuticals
- 5.3.4. Cosmetics
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Extra Neutral Alcohol Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Raw Material
- 6.2.1. Grain-Based
- 6.2.2. Sugarcane-Based
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Potable Alcohol
- 6.3.2. Flavors & Fragrances
- 6.3.3. Pharmaceuticals
- 6.3.4. Cosmetics
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Extra Neutral Alcohol Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Raw Material
- 7.2.1. Grain-Based
- 7.2.2. Sugarcane-Based
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Potable Alcohol
- 7.3.2. Flavors & Fragrances
- 7.3.3. Pharmaceuticals
- 7.3.4. Cosmetics
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Extra Neutral Alcohol Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Raw Material
- 8.2.1. Grain-Based
- 8.2.2. Sugarcane-Based
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Potable Alcohol
- 8.3.2. Flavors & Fragrances
- 8.3.3. Pharmaceuticals
- 8.3.4. Cosmetics
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Extra Neutral Alcohol Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Raw Material
- 9.2.1. Grain-Based
- 9.2.2. Sugarcane-Based
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Potable Alcohol
- 9.3.2. Flavors & Fragrances
- 9.3.3. Pharmaceuticals
- 9.3.4. Cosmetics
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Illovo Sugar Ltd.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. NCP Alcohols
- 10.6. USA Distillers
- 10.7. Sasol Solvents
- 10.8. Mumias Sugar Company
- 10.9. Agrochemical and Food Company Ltd (AFCL)
- 10.10. Kakira Sugar Works Ltd (KSW)
- 10.11. Tag Solvent Products
- 10.12. Swift Chemicals
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
