Ethanol is an organic compound with the chemical formula C2H6O. Ethanol is also synonymous with ethyl alcohol, grain alcohol, drinking alcohol, or simply alcohol. It is an unstable, combustible, colourless liquid with a distinctive wine-like odour and bitter taste. Ethanol is produced naturally using the fermentation procedure of sugars by yeast or petrochemical processes like ethylene hydration.
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In addition, ethanol acts as a psychoactive recreational drug and is used as an active agent in alcoholic drinks. It is the oldest sedative known and is utilised as general anaesthesia through the mouth. Ethanol has widespread use as a solvent due to its molecular structure that permits the dissolving of polar, hydrophilic, and nonpolar, hydrophobic compounds.
Globally, the United States is the leading producer of ethanol, followed by Brazil. The United States produces a large quantity of ethanol by using corn, whereas Brazil primarily uses sugarcane.
Key Details About the Ethanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ethanol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The ethanol price trends, including India Ethanol price, USA Ethanol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Ethanol Price Trend:
An essential industrial chemical, ethanol, is utilised as a solvent in the production of other organic chemicals and as an additive to automotive gasoline, creating a combination known as gasohol. Ethanol is also used as an intoxication agent for several alcoholic beverages, such as beer, wine, and distilled spirits. In addition, it is employed in a variety of hand sanitisers and medical wipes due to its antibacterial and antifungal properties. Because of this reason, ethanol is also popularly used as an antiseptic and as a disinfectant. It is generally run as an antidote in situations of poisoning by ethylene glycol or methyl. Many drugs that are difficult to mix in water are normally dissolved in ethanol, for instance, ethanol used in mouthwashes.
Moreover, ethanol is the main constituent in several drinks that acts as a psychoactive drug by decreasing anxiety and initiating an emotion of excitement in Humans. Furthermore, industrially, it is employed in manufacturing ethyl esters, acetic acid, diethyl ether, and ethyl amines. Besides, ethanol is utilised as an ingredient in cooling baths in various laboratories because it has a melting point of -114.1oC.
Key Players:
- Archer Daniels Midland Company
- Cargill, Incorporated
- CHS Inc
- POET LLC
- BP Plc
- The Andersons Inc.
News & Recent Development
- February 2023: As a part of the plan to augment Kemin Bio Solutions portfolio, Kemin Industries launched FermSAVER, a tea-extract item that is utilised to ferment yeast for ethanol manufacturing.
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