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The alcohol companies have benefited from rising alcohol intake, rising disposable incomes, the growth of party culture in metropolitan areas across the country, and the explosion of pubs, lounges, and bars. As a result of the increasingly rising beer industry, the associated extra-neutral alcohol industry now has a favourable market climate. The extra neutral alcohol industry has grown in response to the increasing market demand for labelled liquors over country liquors. Extra neutral alcohol's use as a carrier of fragrances and solvents in the cosmetic and personal care industries has contributed to its use in perfumes and sprays. Furthermore, the growing sales of cosmetics and personal care products through online platforms like Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA) are also contributing to the industry growth.
The market growth is boosted by the growing competition among the key industry players, such as India Glycols Limited (NSE: INDIAGLYCO), Triveni Engineering & Industries Ltd, and others. India Glycols' Uttarakhand unit is considered one of the most efficient distilleries in India, producing the finest quality extra neutral alcohol (ENA), with a capacity of 20 million litres per annum. The growing disposable incomes and the wide range of applications are expected to bolster the growth rate of the extra neutral alcohol market during the forecast period.
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India Glycols Limited, Triveni Engineering & Industries Ltd., Dhampur International Pte. Ltd., and Privilege Industries Ltd., among others are the major players in the India extra neutral alcohol (ENA) market. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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