Ethanol is an organic chemical compound, and is a volatile, flammable, colorless liquid with a slight characteristic odor. It is a psychoactive substance, recreational drug, and the active ingredient in alcoholic drinks. Ethanol is naturally produced by the fermentation of sugars by yeasts or via petrochemical processes such as ethylene hydration. It has medical applications as an antiseptic and disinfectant. It is used as a chemical solvent and in the synthesis of organic compounds.
The ethanol used in food industries are known as food grade ethanol or food grade ethyl alcohol. Food grade ethanol is prepared from naturally sourced food ingredients such as sugarcane, corn, grains, and other fruits. Industrial ethanol, that is, ethanol used in industry, is a volatile, colorless, flammable liquid. Industrial ethanol can be used in printing, electronics, hardware, chemical synthesis, etc. Alcohols, in various forms, are used within medicine as an antiseptic, disinfectant, and antidote. Alcohols applied to the skin are used to disinfect skin before a needle stick and before surgery. The laboratory grade ethanol includes the denaturants and, therefore, is not pure ethanol. Laboratory grade ethanol is that of intermediate purity.
Proprietary Solvents, Special Industrial Solvents, and Completely Denatured Alcohol are ethyl alcohols that have been modified by the addition of chemicals, or denaturants, which makes the product unfit for human consumption. Because ethanol is effective in killing microorganisms like bacteria, fungi and viruses, it is a common ingredient in many bactericides and disinfectants. Food grade ethanol is used as a natural product to extract and concentrate flavors and aromas, which are then used by the beverage industry. Ethanol is a common ingredient in many cosmetics and beauty products. It acts as an astringent to help clean skin, as a preservative in lotions and to help ensure that lotion ingredients do not separate. The industrial ethanol fuel is most commonly used as an automobile fuel, mainly as a biofuel additive for gasoline. The ability of ethanol to burn much cleaner than pure gas also promotes the addition of ethanol to the fuel, which helps reduce the carbon footprint.
Due to the COVID-19 outbreak, many factories were closed. Ethanol production is also affected. The supply chain and downstream application industries have been affected by the epidemic, and production has stagnated, market transportation is restricted and trade liquidity is weakened, resulting in a large amount of ethanol spot shortage. At the beginning of the epidemic, the market inventory was not high, and the overall supply was tight, which brought up prices in various places. With the epidemic under control, the demand for disinfection has gradually returned to calm, and downstream users have mostly turned to consume inventory. From an overall point of view, the current ethanol market supply is insufficient, the cost is high, and the manufacturers are not willing to make low-price transactions. Although the demand is sluggish, the overall transaction downside space is relatively limited. With the global outbreak of the coronavirus and consumers hoarding hand sanitizer made from industrial ethanol, ethanol producers in many regions around the world said that the demand for ethanol in the sterilization market continues to rise. So far, the coronavirus has infected more than 100 countries and regions. Governments and health agencies in various countries recommend that people wash their hands and use hand sanitizer to control the spread of the virus. With the continuous development of epidemic prevention work, in addition to the disinfection needs of medical institutions, the demand for alcohol in homes, offices and other places has soared. However, due to the long-term closure of ethanol production plants during the outbreak, raw materials are in short supply, and supply is in short supply, and due to the massive closure of offline physical stores and the suspension of co-production, the sales of food-grade ethanol and industrial-grade ethanol have dropped significantly. Therefore, the overall market development will be affected. It is expected that 2020 The annual market value of the ethanol industry was 39,474.16 M USD, representing a year -on-year decrease of 25.78%.
Get the complete sample, please click: https://www.globalmarketmonitor.com/reports/762895-ethyl-alcohol-market-report.html
The Environmental Protection Goal Will Bring Opportunities to the Industry, but the Health Problems Caused by Ethanol Will Limit the Development to a Certain Extent
Under the influence of increasing efforts to control polluting enterprises in many countries, ethanol raw material processing companies have invested in the construction of environmental protection facilities such as sewage treatment, making the later raw material processing and production less and less harmful to the environment, bring new opportunity to ethanol companies. In addition, due to the introduction of carbon neutral targets, new energy vehicles have gradually entered the field of vision of public. The old gasoline and diesel-powered automobile industry is threatened, and the oil and gas production industry is also affected. Manufacturers need to seek new development opportunities. Ethanol can not only be used as an additive in gasoline to increase flammability, reduce carbon emissions, and burn cleaner than pure gas. Fuel-grade ethanol can also be directly used as a clean fuel instead of gasoline, providing new products for affected traditional fuel producers. Because fuel grade ethanol covers the largest market share among all the application fields, these factors are conducive to promoting the development of the entire ethanol industry. The incidence of alcohol-related health problems has increased. Drinking alcohol can cause more than 200 diseases and injuries. It carries risks of health problems, such as mental and behavioral disorders, liver cirrhosis, cardiovascular disease and traffic accident injuries. As the awareness of the impact of alcohol consumption of people on global health continues to increase, this may limit the development of the global ethyl alcohol market. But in an overall outlook, the market value of the ethanol industry will continue to rise in the next few years.
Get the complete sample, please click: https://www.globalmarketmonitor.com/reports/762895-ethyl-alcohol-market-report.html
We provide more professional and intelligent market reports to complement your business decisions.
Chinese
