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According to the current analysis of Reports and Data, the global Industrial Alcohol market was valued at USD 118.9 Billion in 2018 and is expected to reach USD 241.2 Billion by the year 2026, 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 booming demand for industrial alcohol in various industries owing to its solubility, antimicrobial action, high octane number. These factors are boosting the requirement for the industrial alcohol market in the international market.This report covers the current COVID-19 effects on the economy. This outbreak has brought along drastic changes in world economic situations. The current scenario of the ever-evolving business sector and present and future appraisal of the effects are covered in the report as well.
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In market segmentation by manufacturers, the report covers the following companies-
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)
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Industrial Alcohol market on the basis of type, application and region:
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 Billion; 2017-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
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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 2019-2026, at a CAGR of 10.8%, owing to increasing demand for healthy food and health consciousness in the region
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To summarize, the global Industrial Alcohol market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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