Stratview Research has published a new report on the Anhydrous Denatured Ethyl Alcohol Market, segmented By Type (High Purity, Middle Purity, Low Purity), By Application (Paint Thinners, Lacquers, Varnishes, Paints), and Region.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
The global growth of anhydrous denatured ethyl alcohol market size is primarily driven by widespread product usage in various applications such as paint thinners and lacquers. Growing paints & coatings industry with rising demand in automotive and building & construction industries is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for high purity anhydrous denatures ethyl alcohol is likely to create lucrative opportunities for the players operating in the global market during the review period.
Segmentation –
This report studies the Anhydrous Denatured Ethyl Alcohol Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on application, the anhydrous denatured ethyl alcohol market has been divided into paint thinners, lacquers, varnishes, and paints. The paints thinners application accounted for the largest market share in 2020. The segment growth can be attributed to widespread product usage in vehicles and building & construction industries. The lacquers segment is expected to register healthy growth during the review period.
By region, the Asia-Pacific Anhydrous Denatured Ethyl Alcohol market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to significant demand for paints and coatings in the automotive and building & construction industries. Increasing residential and non-residential construction activities in developing countries is another important factor propelling market growth. The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the established presence of paints & coatings and automotive industries in the region particularly in the US.
Following are the key players in the Anhydrous Denatured Ethyl Alcohol Market:
- THINH CUONG COMPANY LIMITED (Vietnam)
- P.Y.Agro Industries Ltd (India)
- Sucroal S.A. (US)
- The Science Company (US)
- MilliporeSigma (US)
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