Increasing healthcare spending around the world is expected to increase the demand for dehydrated alcohol. While many countries were already increasing their healthcare spending, the COVID-19 outbreak has intensified the focus more than ever before. In light of the pandemic, countries are likely to undergo rigorous changes in healthcare spending, creating opportunities for the dehydrating alcohol market. Dehydrated alcohol has significant application as an antiseptic while administering injections and in treating several neurological disorders. Most of its raw material is either sourced from China or the U.S., where the COVID-19 impact is severe. Disruptions in the global supply chain are expected to adversely impact market growth.
Other applications such as chemical and industrial where dehydrated alcohol is used as solvent or reagent are also facing the brunt of COVID-19, with supply chain disruption as the foremost issue. The U.S., Germany, and China are the leading producers of chemicals in the world and striving to come up with different strategies to fulfill the local demand for dehydrated alcohol. The world post-COVID-19 will be a different world where protectionist policies will likely be on the rise, creating demand-supply fallouts and resulting in price fluctuations.
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Dehydrated Alcohol Market: Segmentation
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* Customer Behaviour Analysis
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