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Global Denatured Alcohol Market InsightFebruary 9, 2022 Comments
The denatured alcohol is forecast to crazy over the next few years. According to WK-chem Research, “Global Denatured Alcohol Professional Survey Report 2022, Forecast to 2027”, The denatured alcohol industry is growing rapidly with the increasing consumer demand. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.4% base on WK-chem Research regression analysis model.
“Denatured alcohol has a wide range of applications, including indoor uses such as glass cleaning, heating fuel to remove makeup or ink stains, etc. Denatured alcohol contains typically derived from cornstarch and grain and wood extracts, and this environmentally friendly attribute makes denatured alcohol a dangerous household chemical The denatured alcohol market is expected to continue to expand in the coming years,” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK-chem Research.
The main driving force for the denatured alcohol market is the growing demand for household chemicals followed by industrial use. Denatured alcohol, increasing demand for the denatured alcohol market owing to its multiple applications as solvents and fuels, both indoors and outdoors, and the demand for cleaners and disinfectants in commercial and industrial settings. Denatured alcohol is treated with different chemicals and is not suitable for casual drinkers, so it is suitable for home use.
Denatured alcohol dries out easily and can evaporate if not stored carefully. The container should be stored in a cool, cool place, tightly sealed and packaged to prevent evaporation. Denatured alcohol can cause serious health hazards if consumed, such as permanent damage to the optic nerve. Denatured alcohol is similar in smell and appearance to ethanol, making it difficult to distinguish between the two, which can be a major challenge for customers. Denatured alcohol contains a lot of toxic substances that can be harmful if used to clean common household areas such as living rooms or kitchens. The quality of denatured alcohol and its cleaning solvents can also restrain the market growth due to its harmful effects.
Key players in the global denatured ethanol market are adopting various organic and inorganic growth strategies such as joint ventures, mergers and acquisitions, expansions, collaborations, new product launches, strategic alliances, and R&D to increase their regional presence and business operations. Some of the market players in the global denatured alcohol market include Commercial Alcohol, Warner Graham Company, Dow Chemical, BASF, SABIC, and others.
Segmentation of Denatured Alcohl Market:
The denatured alcohol market can be segmented based on its applications, including: cleaning solvents, medical disinfectants, cosmetics, specimen preservation, solvents, shellac, fuel, etc., among which cleaning solvents occupy the largest market, such as for cleaning window panes and glass, instruments and metal parts in cars, remove hard stains from makeup, ink or grass.
In terms of type, the denatured alcohol market can be divided into specialty denatured alcohol and fully denatured alcohol. The specialty denatured alcohol segment is expected to hold a significant market share over the forecast period, specialty denatured alcohol is mainly used in fuel blending and other industrial and research related applications, where industrial applications include detergents, adhesives, chemicals, inks, plastics, paints and thinner.
Denatured Alcohol Market: Regional Analysis：
By region, the global denatured ethanol market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In terms of consumption, Asia Pacific is expected to account for a significant share of the global denatured ethanol market over the forecast period. End-user industries such as pharmaceuticals, manufacturing, cosmetics and personal care, and automotive are expanding rapidly in the region. Rising disposable income and rising living standards in many countries in Asia Pacific are driving the demand for cosmetics and personal care. This in turn increases the demand for denatured ethanol in Asia Pacific. Rapid expansion of the pharmaceutical and automotive industries in China, India, Vietnam, Singapore and South Korea is expected to increase the consumption of denatured ethanol in these industries. This is expected to boost markets in these countries. The North American market is also expected to expand at a significant rate over the forecast period owing to the presence of various industries in the United States and Canada and changes in environmental regulations. The European market is expected to expand rapidly over the forecast period owing to the presence of key market players and the easy availability of raw materials
Largest share area： Asia Pacific
Largest share country：China
Product Type: Specially Denatured Alcohol and Fully Denatured Alcohol
Application:cleaning solvents, medical disinfectants, cosmetics, specimen preservation, solvents, shellac, fuel
Leading Company: Commercial Alcohol, Warner Graham Company, Dow Chemical, BASF, SABIC