Global Industrial Alcohol Market is expected to foresee significant growth. APAC to lead the growth!

• Himanshu Patni
• February 17, 2023
• HEALTHCARE, NEWS
• Industrial Alcohol Market, Industrial Alcohol Market growth, Industrial Alcohol Market share, Industrial Alcohol Market size, Industrial Alcohol Market trends
• 0 Comments

Industrial alcohol is distilled ethyl alcohol, normally of high proof, produced and sold for other than beverage purposes. It is usually distributed in the form of pure ethyl alcohol, completely denatured alcohol, specially denatured alcohol, and proprietary solvent blends. The market for industrial alcohol has expanded as a result of rising alcohol consumption as a beverage and its use in a variety of foods, including cakes and other desserts. Industrial alcohol is used to process vaccines, compound tonics, syrups, tinctures, liniments, and antiseptics as well as being vital in the manufacture of pharmaceuticals such as chloroform, atabrine, and barbiturates.

The Industrial Alcohol Market is expected to grow at a steady rate of around 9.6% owing to the growing adoption of ethanol as a fuel in transportation applications. The automobile industry’s expanded use of ethanol as motor fuel and decreased reliance on greenhouse gas emissions from vehicles. As a result, blended ethanol is increasingly in demand as a transportation fuel in developing nations like China, Thailand, and India, which in turn drives market expansion.

For a detailed analysis of the Global Industrial alcohol Market browse through – https://univdatos.com/report/industrial-alcohol-market/

On the basis of sources, the market is categorized into grains, sugar & molasses, corn, fossil fuels, and others. Among these, corn held a significant share of the market in 2020. Corn is a major provider of ethanol. This is attributed to the product’s high demand as a renewable source for energy production. Globally, the ethanol industry’s expansion has caused a boom in corn distiller oil, which is utilized as a fuel for biodiesel or as animal feed.

Based on application, the industrial alcohol market has been classified into personal care, chemical intermediates, food industry, pharmaceutical, fuels, and others. The fuels held a significant market share in 2020. the forecast period. This is mainly due to the rapid use of fossil fuels in the growing automotive sector driving the segment. As per the U.S. Department of Energy 2022, Ethanol is a renewable fuel made from various plant materials collectively known as “biomass.” More than 98% of U.S. gasoline contains ethanol, typically E10 (10% ethanol, 90% gasoline), to oxygenate the fuel, which reduces air pollution.

Request for a sample of the report browse through- https://univdatos.com/get-a-free-sample-form-php/?product_id=33419

For a better understanding of the market adoption of the Industrial alcohol industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. The demand for gasoline-powered automobiles has dramatically expanded in APAC regions. As compared to other fossil fuels such as diesel and gasoline made from fossil fuels. In addition, the use of bioethanol in existing gasoline cars has benefits for the environment. Additionally, bioethanol lengthens the life of the engines. Due to the rising sales of flexible fuel cars, bioethanol manufacturers have a chance to break into the regional product market.

Some of the major players operating in the market include Cargill Incorporated; MGP Ingredients, Inc., Green Plains Inc, Cristalco, GREENFIELD GLOBAL INC., Flint Hills Resources, Merck KGaA, The Andersons Inc, BASF SE, Raízen.

Global Industrial Alcohol Market Segmentation

Market Insight, by Type

·       Ethyl Alcohol

·       Methyl Alcohol

·       Isopropyl Alcohol

·       Isobutyl Alcohol

·       Others

Market Insight, by Sources

·       Grains

·       Sugar & Molasses

·       Corn

·       Fossil Fuels

·       Others         

Market Insight, by Application

·       Personal Care

·       Chemical Intermediates

·       Food Industry

·       Pharmaceutical

·       Fuels

·       Others

Market Insight, by Region

·       North America

o   US

o   Canada

o   Rest of North America

·       Europe

o  Germany

o  United Kingdom

o  France

o  Italy

o  Spain

o  Rest of Europe

·       Asia-Pacific

o  China

o  Japan

o  India

o  Rest of Asia-Pacific

·       Rest of the World

Top Company Profiles

·       Cargill, Incorporated

·       MGP Ingredients, Inc. Green Plains Inc

·       Cristalco

·       GREENFIELD GLOBAL INC.

·       Flint Hills Resources

·       Merck KGaA

·       The Andersons Inc

·       BASF SE

·       Raízen