Global Absolute Ethanol Market Report and Forecast 2024-2032

Global Absolute Ethanol Market Outlook

The global absolute ethanol market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4.10%.

Medical Applications of Absolute Ethanol Driving the Growth of the Market

The growing market for absolute ethanol can be associated with its wide applications across different end-use industries, such as medical and cosmetics. Pure alcohol or absolute ethanol is widely used as an antiseptic and disinfectant in the medical industry. Ethanol is used as a primary ingredient in hand sanitisers and medical wipes to control the spread of bacteria. With the advent of the coronavirus pandemic in 2020, the robust demand for antibacterial hand sanitisers all over the world is providing impetus to the market growth of absolute ethanol.

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In addition to this, ethanol is used to disinfect surgical equipment and sterilise the skin before injections or surgeries. Thus, the wide applications of pure ethanol in the medical industry are stimulating the market growth. Furthermore, in the pharmaceutical industry, absolute ethanol is actively used to dissolve water-insoluble medication, such as liquid cold and cough medicine, which is bolstering the market growth.

Absolute Ethanol: Market Segmentation

Absolute ethanol is an alcohol that has contains less than 1% of solvent and about 99% of ethanol. It is a colourless liquid with pungent taste and odour. It is typically used in scientific research and development (R&D) activities. Absolute ethanol further finds its applications in various end-use industries like medical, molecular biology, and chemical, among others.

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On the basis of type, the market can be divided into:

• 80% – 90%
• 90% - 100%

Based on application, the market can be categorised into:

• Medical
• Cosmetics
• Sanitary Products
• Grease and Dye

The EMR report looks into the regional markets of absolute ethanol like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Demand for Cleaner Engine Fuel to Bolster the Market Growth of Absolute Ethanol

Ethanol is popularly used as an engine fuel or additive fuel as it reduces greenhouse gas emissions, along with other ozone-forming pollutants. The global market for absolute ethanol is anticipated to be driven by the growing demand for cleaner fuel alternatives in the coming years. The rising levels of CO2 and GHG emissions in recent years caused by fuel combustion have propelled the imposition of stringent regulations mandating the use of sustainable and clean sources. This is a major factor expected to augment the growth of the market. Bioethanol is an inexpensive and climate-neutral alternative for gasoline and petroleum, which not only reduces harmful emissions but also increases fuel efficiency. This is another factor projected to contribute to the market growth of absolute ethanol in the coming years.

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Key Industry Players in the Global Absolute Ethanol Market

The report presents a detailed analysis of the following key players in the global absolute ethanol market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Spectrum Laboratory Products, Inc.
• ITW Reagents Division
• Bio Basic, Inc.
• IBI Scientific
• Honeywell International Inc.
• Beantown Chemical Corporation
• Alfa Aesar
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report