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The global ethyl alcohol and other basic organic chemical market is expected to grow from $867.84 billion in 2020 to $953.99 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%.
Major companies in the ethyl alcohol and other basic organic chemicals market include ADM Company; DowDuPont Inc; Celanese Corporation and Raizen.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1096.2 billion in 2025 at a CAGR of 4%.