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The global Extra Neutral Alcohol (ENA) market size was valued at USD 41145.94 Million in 2022 and will reach USD 56637.05 Million in 2028, with a CAGR of 5.47% during 2022-2028.
Extra Neutral Alcohol (ENA) is ethanol with a purity of 96% or higher. Extra Neutral Alcohol (ENA) is produced by using yeast to ferment sugar cane molasses or grains to produce extra neutral alcohol (ENA), and distilled multiple times to produce colorless and odorless alcohol.
ENA is used to make drinkable alcoholic beverages such as vodka, gin and rum. ENA is also an important ingredient in the production of cosmetics and personal care products. Because ENA has good solvent properties, ENA can also be used in industry, and used to produce certain varnishes, coatings and inks for the printing industry, as well as coatings and inks in pharmaceutical products such as preservatives, drugs, syrups and sprays.
Growth of the downstream application market
The growth of the Extra Neutral Alcohol (ENA) industry is driven by downstream industry demand. On the one hand, with the increasing acceptance of the alcohol industry by society, the increase in alcohol consumption has provided the impetus for the Extra Neutral Alcohol (ENA) industry. At the same time, a high standard of living and an increase in disposable income have promoted consumer demand for high-quality alcoholic beverages among the more mature and moderate younger generation. In addition, the pharmaceutical, cosmetics and personal care industries are also developing rapidly. For example, the demand for consumer products such as air fresheners, colognes, perfumes, detergents, syrups, etc. has increased, and the volatility of Extra Neutral Alcohol (ENA) as a fragrance and solvent The demand for carriers is becoming more and more extensive. The increase in the use of Extra Neutral Alcohol (ENA) in various applications has promoted the growth of the global Extra Neutral Alcohol (ENA) market.
Policy impact
One of the main application areas of Extra Neutral Alcohol (ENA) is alcoholic beverages. Due to the increase in alcohol abuse, governments of various countries impose high taxes and strict laws on the supply of alcohol. This is expected to hinder the growth of the Extra Neutral Alcohol (ENA) market. At the same time, in almost all cases, companies must have an alcohol import license to purchase bulk neutral alcohol. The taxes involved in the purchase of bulk alcohol can be determined at the state, federal, or national/regional level, or by trade or trade and political organizations (such as the European Union). In addition, regulatory agencies in Africa have established specific standards for alcohol testing methods used in food and other industries, resulting in high production costs. All these factors are expected to hinder Extra Neutral Alcohol (ENA) market growth during the forecast period.
Region Overview:
From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
ADM is one of the major players operating in the Extra Neutral Alcohol (ENA) market, holding a share of 1.33% in 2022.
ADM
Archer-Daniels-Midland Company (ADM) procures, transports, stores, and merchandises agricultural commodities and products. The Company processes oilseeds, corn, milo, oats, barley, peanuts, and wheat. ADM also processes produce products which have primarily two end uses including food or feed ingredients.
Cargill
Cargill provides agricultural products. The Company produces grains and oilseeds and provides farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food, and industrial products. Cargill serves customers worldwide.
Segmentation Overview:
As for product types, the Food grade segment held the largest market share in 2021.
Industrial grade
Industrial grade Extra Neutral Alcohol (ENA) usually removes most of the impurities, and the purpose of production and sales is not for beverages. Industrial grade Extra Neutral Alcohol (ENA) is mainly used to produce solvents, thinners and some cosmetic additives.+
Pharma grade
Pharma grade Extra Neutral Alcohol (ENA) usually has requirements for concentration and water content. It is mainly used in the pharmaceutical industry to produce pharmaceutical intermediates and products, medical disinfectants, and pharmaceutical sprays.
Food grade
Food grade Extra Neutral Alcohol (ENA) has higher requirements for the content of impurities and purity, and is mainly used to make alcoholic beverages.
Application Overview:
By application, the Alcoholic Beverages segment occupied the biggest share from 2017 to 2022.
Alcoholic Beverages
Extra Neutral Alcohol (ENA) is the main raw material for the manufacture of Alcoholic Beverages. Extra Neutral Alcohol (ENA) can be used to produce vodka, gin, rum, liqueur and alcoholic fruit drinks.
Cosmetics and Pharmaceuticals
Extra Neutral Alcohol (ENA) is used as a preservative, antibacterial agent and as a product solvent in Cosmetics and pharmaceuticals. It can be used to produce hair spray, lotion, deodorant, disinfectant, shampoo, perfume medical spray , Medicines and other products.
Electronic
Extra Neutral Alcohol (ENA) can be used to clean electronic parts and the carrier for electronic parts coating in the electronic field.
Printing
Extra Neutral Alcohol (ENA) has good solvent properties and can be used to produce certain varnishes, coatings and inks for the printing industry.
The Extra Neutral Alcohol (ENA) market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Extra Neutral Alcohol (ENA) market covered in Chapter 4:
MGP
Vishwaraj Sugar Industries Limited
Pioneer Distilleries Limited
India Glycols Limited
Shahmurad Ethanol
Illovo Sugar
Harini Ethimex
Alto Ingredients
NCP Alcohols
Mumias Sugar Company
Show Me Ethanol LLC
Enterprise Ethanol
Conestoga Energy Holdings, LLC
USA Distillers
Ethanol Company Limited.
Cargill
Taicang Xintai Alcohol Co LTD
Agro Chemical and Food Company
ADM
In Chapter 12 and Chapter 14.1, on the basis of types, the Extra Neutral Alcohol (ENA) market from 2018 to 2028 is primarily split into:
Industrial grade
Pharma grade
Food grade
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Extra Neutral Alcohol (ENA) market from 2018 to 2028 covers:
Alcoholic Beverages
Cosmetics and Pharmaceuticals
Electronic
Printing
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Extra Neutral Alcohol (ENA) market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Extra Neutral Alcohol (ENA) market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Extra Neutral Alcohol (ENA) industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Extra Neutral Alcohol (ENA) industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Extra Neutral Alcohol (ENA) market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Extra Neutral Alcohol (ENA) market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Extra Neutral Alcohol (ENA) market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Extra Neutral Alcohol (ENA) market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028