Published: 06-Feb-2020 | Published By: Market Research Store
The published report on “Global Denatured AlcoholMarket – By Type (Specially Denatured Alcohol (SDA) and Completely Denatured Alcohol (CDA)), By Application (Cleaner & Solvent, Remove mold and Mildew, Thinner, Alcohol Fuel, Pharmaceuticals, Personal Care & Cosmetics, Woodworking and Restoring Furniture, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” exhibits the escalating demand for global Denatured Alcohol market in 2018 was approximately USD 69 Billion. It is anticipated to reach around USD 104 Billion by 2025 with a CAGR of around 7%.
Browse Full Report 191 Market Data Tables and 46 Figures spread through 191 Pages and in-depth TOC on "Denatured Alcohol Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-denatured-alcohol-market-research-report-2020-segment-715050
Denatured alcohol is commonly referred to as methylated spirits, which has a wide range of application both indoor and outdoor. It is a mixture of additive chemicals and ethyl alcohol is thus unpleasant for human intake. Denatured alcohol has bright colored dyes added to it to help differentiate it from other household sanitizing agents. Denatured alcohol is used for various indoor purposes such as heating fuel, glass cleaning, removing make-up or ink stains, etc. The presence of a large number of toxic compounds in the denatured alcohol makes it a harmful product for further use in household areas including hall or kitchen and also for recreational drinkers.
Increasing demand for denatured alcohol in the household chemicals and industrial usage are anticipated to propel the Denatured Alcohol market during the forecast period. In addition to this, rising application as fuel and solvent for both indoor and outdoor purposes are likely to help surge market growth. The growing demand for a cleaning and sanitizing agent in industrial and commercial sectors will further supplement the growth of Denatured Alcohol market.
Denatured alcohol contains ethyl alcohol made from corn starch and grains and methanol derived from wood stock extract, thereby making it an eco-friendly alternative for hazardous household chemicals. The eco-friendly nature of denatured alcohol is expected to propel the market growth over the forecast period.The denatured alcohol evaporates so quickly if not stored in cool and shaded places and this is anticipated to hinder the Denatured Alcohol market growth. Moreover, the consumption of denatured alcohol can cause serious health issues like damage of the optic nerve. This factor is expected to have a negative impact on the global Denatured Alcohol market. The stringent industrial and government policies for the production of denatured alcohol the market growth is likely to slow the Denatured Alcohol market growth.
North America holds the largest share of the global Denatured Alcohol market. It is followed by Europe. Asia Pacific is anticipated to offer significant potential for future growth due to the growing industrial and commercial sector.
Some of the major players in the global Denatured Alcohol market include BASF, Commercial Alcohols, Recochem, SABIC, ADM, Sherwin-Williams, Dow Chemical, LyondellBasell, Celanese, Cargill, Warner Graham Company, Tangshan Jidong Solvent, Jilin Alcohol Group, WM Barr, and Jiangsu Lianhai.
The global Denatured alcohol market is segmented into:
Global Denatured Alcohol Market: By Product
- Specially Denatured Alcohol (SDA)
- Completely Denatured Alcohol (CDA)
Global Denatured Alcohol Market: By Application
- Cleaner & Solvent
- Alcohol Fuel
- Personal Care & Cosmetics
- Remove mold and Mildew
- Woodworking and Restoring Furniture
Global Denatured Alcohol Market: By Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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