North America Extra Neutral Alcohol (ENA) Market
The North America Extra Neutral Alcohol (ENA) market is expected to reach USD 3,347,849.57 thousand by 2033 from USD 1,708,333.21 thousand in 2023, growing with a substantial CAGR of 7.02% during the forecast period of 2024 to 2033.
Market Segmentation: North America 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 (U.S., Canada, Mexico)- Industry Trends and Forecast to 2033
Overview of North America 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 North America 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 North America)
• 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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