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 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.

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Isopropyl alcohol market is also anticipated to develop owing to its wide variety of applications in diverse industries. However, oversupply exists in the isopropyl alcohol market. This may become a significant market restraint during the forecast period. By application, the isopropyl alcohol market can be classified into a solvent, cleaning agent, coating solvent, and others. Isopropyl alcohol dissolves various types of non-polar compounds. It also evaporates immediately and leaves negligible oil spots compared to ethanol. It is comparatively non-toxic compared to other solvents. Thus, isopropyl alcohol is used broadly as a catalyst and cleaning fluid, specifically for dissolving oils.

Market Overview:

All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.

As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.

Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.

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Some of the Leading Market Players Are Listed Below:

·       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)

·       Others

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Industrial Alcohol market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Industrial Alcohol market.

The global Industrial Alcohol market is segmented into:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·       Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentation:

On the basis of type, the industrial alcohol market has been segmented as follows:

• Ethyl  alcohol 
• Methyl alcohol
• Isopropyl alcohol
• Isobutyl alcohol
• Benzyl alcohol
• Others (sorbitol and maltitol)

On the basis of application

• Personal care products
• Pharmaceuticals
• Fuels
• Food ingredients (excluding beverages)
• Chemical intermediates & solvents
• Others (home care products and reagents)

On the basis of source

• Sugar & molasses
• Corn
• Grains (excluding corn)
• Fossil  fuels
• Others (whey, cellulosic materials, and algae)

Key Questions Addressed in the Report:

·       What are the dominating factors that are influencing the growth of the industry?

·       In the forecast period, which market segment is expected to rise the most?

·       What are the risks and challenges that the industry is facing?

·       In the coming years, which area is projected to dominate the market?

·       Who are the major players in the market? What kind of strategic business plans have they made?

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