LONDON, Sept. 26, 2016 /PRNewswire/ -- 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.
Ethyl Alcohol And Other Basic Organic Chemicals was the fourth largest part of the market in 2015 at $XX billion or XX% of the overall market.
XX was the largest geographic market in the ethyl alcohol and other basic organic chemicals market in 2015, accounting for $XX billion or XX% of the global market. XX was the largest market because of the presence of many construction, transportation, electrical and electronic companies catering to both its own population and development and to its overseas sales. The XX was the second largest geographic market, accounting for $XX billion or XX% of the global market. XX was the third largest geographic market, accounting for $XX billion or XX% of the global market.
Global per capita ethyl alcohol and other basic organic chemicals consumption grew from $XX in 2011 to $XX in 2015 at a CAGR of XX% and is expected to grow to $XX in 2019 at a CAGR of XX%. Per capita consumption is increasing because of higher ethanol consumption by the transportation industry and silicone products consumption by electrical and electronics industry.
Phthalate plasticizers are losing ground to non-phthalate plasticizers. 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 XX% per year, whereas non phthalate plasticizers will post XX% growth.
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