Global Extra Neutral Alcohol (ENA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Extra Neutral Alcohol (ENA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Extra Neutral Alcohol (ENA) market finds that the global Extra Neutral Alcohol (ENA) market reached a value of USD 41145.94 million in 2022. It’s expected that the market will achieve USD 56637.05 million by 2028, exhibiting a CAGR of 5.47% during the forecast period.

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.

Key Companies in the global Extra Neutral Alcohol (ENA) market covered in Chapter 3:

Show Me Ethanol LLC
Ethanol Company Limited.
Harini Ethimex
Shahmurad Ethanol
India Glycols Limited
USA Distillers
Taicang Xintai Alcohol Co LTD
Alto Ingredients
Mumias Sugar Company
Cargill
Illovo Sugar
Agro Chemical and Food Company
ADM
NCP Alcohols
Conestoga Energy Holdings, LLC
Enterprise Ethanol
Pioneer Distilleries Limited
MGP
Vishwaraj Sugar Industries Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the Extra Neutral Alcohol (ENA) market from 2018 to 2029 is primarily split into:

Industrial grade
Pharma grade
Food grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Extra Neutral Alcohol (ENA) market from 2018 to 2029 covers:

Alcoholic Beverages
Cosmetics and Pharmaceuticals
Electronic
Printing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)