Anhydrous Denatured Ethyl Alcohol Market is Expected to Register a Considerable Growth by 2026
March 23, 2022
Stratview Research has recently added a new report titled Anhydrous Denatured Ethyl Alcohol Market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Anhydrous Denatured Ethyl Alcohol Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- THINH CUONG COMPANY LIMITED (Vietnam)
- S.P.Y.Agro Industries Ltd (India)
- Sucroal S.A. (US)
- The Science Company (US)
- MilliporeSigma (US)
Market Highlights
The global growth of anhydrous denatured ethyl alcohol market size is primarily driven by widespread product usage in various applications such as paint thinners and lacquers. Growing paints & coatings industry with rising demand in automotive and building & construction industries is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for high purity anhydrous denatures ethyl alcohol is likely to create lucrative opportunities for the players operating in the global market during the review period.
Segment-wise analysis
Based on application, the anhydrous denatured ethyl alcohol market has been divided into paint thinners, lacquers, varnishes, and paints. The paints thinners application accounted for the largest market share in 2020. The segment growth can be attributed to widespread product usage in vehicles and building & construction industries. The lacquers segment is expected to register healthy growth during the review period.
By region, the Asia-Pacific Anhydrous Denatured Ethyl Alcohol market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to significant demand for paints and coatings in the automotive and building & construction industries. Increasing residential and non-residential construction activities in developing countries is another important factor propelling market growth. The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the established presence of paints & coatings and automotive industries in the region particularly in the US.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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