According to the
current analysis of Reports and Data, the global Industrial
Alcohol Market was valued at USD 93.25 Billion in
2020 and is expected to reach USD 123.64 Billion by the year 2028, at a CAGR of
9.3%. Rising demand for organic solvents due to dynamic properties, including
high octane number and flammability characteristics, will lead to an increase
in demand for industrial alcohol in the transportation sector. It is a
cleaner-burning fuel that is combined with gasoline and diesel fuels to
decrease fuel consumption and emissions.
The
global Industrial Alcohol market research report provides a brief overview
inclusive of competitive landscape and key developments in the market. It
provides an extensive study analysis of the strategic
alliances such as mergers and acquisitions, joint ventures, collaborations,
product launches and brand promotions, corporate deals and partnerships, among
others. It also offers insights into company overview, financial standing,
business expansion plans, and revenue growth of each company.
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Some of the key market
players are Cargill (US), Raizen Energia (Brazil), Green Plains Inc. (US),
Cristalco (France), MGP Ingredients (US), The Andersons Inc. (US), Sigma
Aldrich (US), Grain Processing Corporation (US), Greenfield Specialty Alcohols
(Canada), and Flint Hills Resources (US)
Further key findings
from the report suggest:
- Isopropyl alcohol finds use among
physicians, who rub the poisonous substance onto surfaces, tools and human
bodies for its cooling and disinfecting properties. Isopropyl
alcohol also is found in cosmetics, including lotions
- Methyl alcohol primarily finds use
as an industrial solvent. For example, paint remover and photocopier
developers make use of it
- Ethanol is a common ingredient in
many cosmetics and beauty products. It acts as an astringent to help clean
skin, in lotions as a preservative and to help ensure that lotion
ingredients do not separate, and in hairsprays to help the spray adhere to
hair
- More than 97 percent of U.S. and
other developed countries produce gasoline which contains ethanol,
typically in a mixture called E10, made up of 10 percent ethanol and 90
percent gasoline, to oxygenate the fuel and reduce air pollution
- Asia-Pacific regional segment of
the Industrial Alcohol market is expected to remain highest growing
segment during 2020-2028, at a CAGR of 10.8%, owing to increasing demand
for healthy food and health consciousness in the region
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Segments covered in the
report:
On the basis of type,
the industrial alcohol market has been segmented as follows:
- Ethyl alcohol
- Methyl alcohol
- Isopropyl alcohol
- Isobutyl alcohol
- Isobutyl alcohol
- Others (sorbitol and
maltitol)
On the basis of
application, the industrial alcohol market has been segmented as follows:
- Personal care products
- Pharmaceuticals
- Fuels
- Food ingredients (excluding
beverages)
- Chemical intermediates &
solvents
- Others (home care products and
reagents)
On the basis of source,
the industrial alcohol market has been segmented as follows:
- Sugar & molasses
- Corn
- Grains (excluding corn)
- Fossil fuels
- Others (whey, cellulosic materials,
and algae)
Regional Outlook
(Revenue, USD Million; 2020-2028, and Volume Metric Tons-2028)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
- Rest of Latin America
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https://www.reportsanddata.com/report-detail/industrial-alcohol-market
Objective of Studies:
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
·
To
provide country level analysis of the market for segment by application,
product type and sub-segments.
·
To
provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
·
To
track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Industrial Alcohol market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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