Asia Pacific Extra Neutral Alcohol (ENA) Market
The Asia-Pacific extra neutral alcohol (ENA) market is expected to reach USD 6,832,657.16 thousand by 2033 from USD 3,364,537.69 thousand in 2023, growing with a substantial CAGR of 7.40% during the forecast period of 2024 to 2033.
Market Segmentation: Asia-Pacific Extra Neutral Alcohol (ENA) Market, By Raw Material (Grain-Based, Sugarcane-Based, Fruit Based, and Others), Purity (95%-98%, 98%-99%, and More than 99%), Application (Potable Alcohol, Pharmaceuticals, Flavors & Fragrances, Cosmetics & Personal Care, and Others)- Countries (China, India, Japan, South Korea, Australia & New Zealand, Thailand, Indonesia, Singapore, Malaysia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2033
Overview of Asia-Pacific Extra Neutral Alcohol (ENA) Market Dynamics:Drivers
• Growth in pharmaceutical industry
• Expansion in applications of ENA various industrial
• Rising emphasis on use of ENA in production of bioethanol
• Increasing demand for alcoholic beverages
Restraints
• High production costs
• Compliance with stringent regulations and standards
Opportunities
• Rapid urbanization and increasing disposable incomes in emerging markets
• Innovations in product development
• Growing consumer preference for natural and organic ingredients
Challenges
• Price volatility of raw materials and availability of alternative solvents and alcohols
• Environmental concerns related to the production process
Market Players:The key market players operating in the Asia-Pacific Extra Neutral Alcohol (ENA) market are listed below:• TEREOS PARTICIPATIONS
• kakirasugar
• Cargill, Incorporated
• Radico Khaitan Limited.
• BCL INDUSTRIES LTD
• NSL Sugar
• Tandlianwala Sugar Mills Ltd.
• Gulshan Polyols Ltd.
• Associated British Foods plc
• Dhampur Bio Organics Limited
• Hunza Sugar Mills (Pvt.) Limited
• IFB Agro Industries Limited.
• Radical Bio Organics Limited
• PRO INDUSTRIES PTE LTD (Subsidiary of Oswal Group Asia-Pacific)
• Agro-Chemical and Food Company Limited (ACFC)
• New Phaltan
• Baramati Agro
• Vitthal Corporation Ltd.
• Pioneer Industries Private Limited
• SHIKHA PACKAGING INDIA PVT LTD
• The Boudh Distillery Pvt. Ltd
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