Ethyl alcohol and other basic organic chemicals are a broad class of substances containing carbon and its derivatives. Many of these chemicals contain hydrogen with or without oxygen, nitrogen, sulfur, phosphorus, and other elements. They exist in either carbon chain or a carbon ring form. Acetic acid, methanol, ethyl alcohol, formaldehyde, citric acid, aromatic polymers and other basic organic chemicals are part of this segment and find their applications in drugs, pesticides, plastics, cosmetics and other products.
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The global ethyl alcohol and other basic organic chemicals market has been declining in the past years with a CAGR of almost 2%. The year 2017 recorded decline in this market with a net market value more than 4% lower than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the decline claims.
The report also shows the global ethyl alcohol and other basic organic chemicals market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Some companies are avoiding the use of phthalates in their products to reduce the risk of liability. Citrate esters derived from citric acid are also being used to replace phthalate plasticizers. For example, IHS Chemical expects global phthalate demand to grow by about 2% per year, whereas non phthalate plasticizers will post 7% growth.
Companies included in the report are ADM Company, DowDuPont Inc., Celanese Corporation, and Raízen.
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