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 research report delivers a comprehensive assessment of the existing and projected market scenario to offer estimations of the anticipated growth rate of the industry vertical. Moreover, the report also offers key solutions and methodologies to help the companies and readers overcome the impact of the COVID-19 pandemic on the market.
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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
o U.S
o Canada
• Europe
o Germany
o France
o UK
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
• Latin America
o Brazil
o Rest of Latin America
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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.
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