Industrial Alcohol Market Overview:
The high purity grade refined ethyl alcohol is used for other than manufacturing of liquor purposes. It is colorless, volatile, and flammable and is commonly used as a biofuel. It is found in various applications such as cosmetics, pharmaceuticals, and others. Industrial alcohol can be produced by sugar & molasses, corn, grains, fossil fuel, and others.
The global industrial alcohol market is segmented on the basis of its type as ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, and others. Among these, ethanol (grain alcohol) is the leading segment due to its wide application in the blending of gasoline, which enhances fuel efficiency and reduces emissions. Owing to its anti-bacterial properties, it is also used across the pharmaceutical and personal care industry. Methanol is the second largest segment and can be used as an antifreeze, solvent, rocket fuel, and as denaturant for ethanol.
Get a Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/5787
Market Segmentation
The global industrial alcohol market is segmented on the basis of the source, type, application, and region.
On the basis of the source, the market is segmented into sugar & molasses, corn, grains, fossil fuels, and others.
Based on the type, the global industrial alcohol market is segmented into ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, and others.
The application segment of the global industrial alcohol market is further segmented into fuel, pharmaceuticals, personal care products, food ingredients, chemical intermediate & solvent, and others.
Browse Complete Report for Better Understanding https://www.marketresearchfuture.com/reports/industrial-alcohol-market-5787
Regional Analysis
The global industrial alcohol market is segmented into five regions of North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is the leading region in the global industrial alcohol market due to the high demand for high octane fuel from the aerospace and transportation sectors in the region.
Asia Pacific is expected to grow at a higher CAGR on account of the rising demand from growing chemical industries in countries such as China and India.
Europe is projected to witness considerable growth in the global industrial alcohol market owing to the growing demand from various industries such as automotive, pharmaceuticals, chemicals, and others.
The untapped yet growing industrial sectors such as automotive and chemicals in GCC countries may drive the market growth during the assessment period.
Enquiry For Discount https://www.marketresearchfuture.com/sample_request/5787
Competitive Analysis
Some of the manufacturers operating in the global industrial alcohol market are Cargill, Incorporated (U.S.), BASF SE (Germany), Raizen (Brazil), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (Netherlands), Eastman Chemical Company (U.S.), Greenfield Global, Inc. (Canada), MGP (U.S.), Green Plains Inc. (U.S.), and Cristalco (France).
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
0
