Germany Ethanol Derivatives Market to Grow at a CAGR of 3.96% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Germany Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, The Ethanol Derivatives market is expected to reach approximately 26 thousand tonnes in 2030 at an expected CAGR of 3.96% in the forecast period.  The surging demand for Ethanol Derivatives in Paints, Coating & Adhesives, Personal Care and Cosmetics, and Pharmaceutical is anticipated to favour the Ethanol Derivatives market expansion in the upcoming years.

Ethyl acetate and acetaldehyde are the two main substances that are ethanol derivatives. It is released during the production of synthetic leather and silk, as well as during the making of photographic plates and films. Ethyl acetate serves as a solvent in base coats, nail polish remover, nail polish, nitrocellulose, dry cleaning, stains, lacquers, varnishes, and other materials. In addition to flavouring, ethanol acetate is used to decaffeinate coffee and tea. Insecticides, fragrances, medications, and dyes are all produced using acetaldehyde as an intermediate. With increasing investments in its downstream industries, including cosmetics, paint & coatings, pharmaceuticals, etc., Germany’s use of ethanol derivatives has significant potential of growth in the forthcoming years. Furthermore, owing to its eco-friendly attributes and ideal properties, it is expected to raise its preference significantly over other available alternatives in the forecasted period. The increased demand for ethanol as a renewable fuel and cleaning agent has led to an increase in ethanol production facilities, and ethanol derivatives have become increasingly popular due to their low cost and environmentally favourable nature compared to other petroleum derivatives.

Read the full report here: https://www.chemanalyst.com/industry-report/germany-ethanol-derivatives-market-297

The Ethanol Derivatives market is segregated based on end-use, sales channel, and region. Based on the end-user industry, the Germany Ethanol Derivatives market is segregated into Paints, Coating & Adhesives, Personal Care and Cosmetics, Pharmaceutical, and Others. Although, the Paints, Coating & Adhesive industry is dominating the Ethanol Derivatives market in Europe and accounted for consumption of nearly 61% in 2022. Paints, Coating & Adhesive are expected to remain the major application of Ethanol Derivatives even in the forecasted period.

Based on region, the Germany Ethanol Derivatives market is divided into Southwest, Southeast, Northeast, and Northwest. Among these, Southwest is the leading consumer of Ethanol Derivatives and held a market share of approximately 50% which includes cities like Mannheim, Karlsruhe, Stuttgart, Freiburg, and Heidelberg.  Furthermore, Southeast Germany is also a prominent consumer of Ethanol Derivatives.

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 “Germany Ethanol Derivatives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, 2015-2030”, Currently, there is only one domestic producer of Ethanol Derivatives in Germany which is CropEnergies AG. Other major players in the Europe Ethanol Derivatives market are Taco Chemical Company, Adokim Chemical Company, Sekab BioFuels and Chemicals AB, and Others.

“Ethanol Derivatives are quite useful and find applications in numerous industries, but mainly Paints, Coating & Adhesives industries are the key consumers. Germany’s steadily rising need for environmentally friendly chemical components to manufacture paints and coatings is anticipated to drive demand for ethanol derivatives there through 2030. Growing usage of Bio-based ethanol with lower carbon emissions is further augmenting the market growth. Furthermore, greater steps by governments across Germany towards decarbonization and is lubricating the Ethanol Derivatives market expansion. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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