The global industrial alcohol market size was valued at USD 130.8 billion in 2021, growing at a significant CAGR of 8.2% from 2022-28. Industrial alcohols are used as a reagent and a solvent in a variety of industries, including medicines, healthcare, energy, and chemicals. Apart from drinking, these alcohols are used in a variety of applications. Multifunctionality also boosts the adoption of a variety of end-user applications. Furthermore, ethanol, which is mostly manufactured and consumed as an alcoholic beverage, is widely used as a biofuel worldwide. Sugars obtained from wheat, corn, sugar beets, sugar cane, and molasses are fermented to produce these fuels. It's also used as a substitute for gasoline in gasoline engines. Alcohols including methanol, benzyl alcohol, and isopropyl alcohol are also utilised in the manufacturing of food, flavourings, cosmetics, and adhesives.

View Detailed Report Description at https://precisionbusinessinsights.com/market-reports/global-industrial-alcohol-market/       

A prominent factor expected to fuel the growth of the worldwide industrial alcohol market is rising bioethanol consumption due to a growing demand for renewable energy sources. Bioethanol is a viable alternative to traditional fuels such as gasoline and diesel. Bioethanol also produces the least amount of pollution, has a low toxicity, and is biodegradable, all of which have increased demand in the long term and propelled global market expansion. Growing demands for industrial alcohol in a variety of industries, including personal care, food, pharmaceuticals, and the chemical industry, is likely to boost the target market's growth. Nevertheless, fluctuating raw material prices may stifle the worldwide industrial alcohol market's expansion. Nonetheless, as bioethanol becomes more popular in emerging economies, revenue prospects for firms in the target market may increase.

The global industrial alcohol market segmentation:

1) Type: Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol.

2) By Preparation: Fermentation, Synthetic.

3) By Source: Sugar and Molasses, Grains, Corn, Fossil Fuels, Others.

4) Application: Fuel, Personal Care Products, Pharmaceuticals, Chemical Intermediate. and Solvent

terms of region, North America dominates the industrial alcohol market. Other regions, such as the Middle East and Africa, as well as Asia Pacific, are likely to become lucrative markets for industrial alcohol. Asia Pacific industrial alcohol market is predicted to increase due to the availability of feedstock, such as corn, as well as rising consumer awareness of carbon emissions and environmental conservation. Other factors projected to increase the market in this region include government-enforced regulations, efficient logistic facilities, and technological improvements.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=36560              

There are several industry players working in the Industrial Alcohol Market, which include BASF SE (Germany) Cargill, Incorporated (U.S.) Exxon Mobil Corporation (U.S.) Raizen (Brazil) Eastman Chemical Company (U.S.) Royal Dutch Shell plc (Netherlands) MGP (U.S.) Greenfield Global, Inc. (Canada) Cristalco (France) Green Plains Inc. (U.S.)

About Precision Business Insights:

We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

Contact:

Mr. Satya

Precision Business Insights | Toll Free: +1 866 598 1553

Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747