Global Industrial Alcohol Market: Growth, Opportunities, and Trends and Forecast 2017-2025
According to a new report published by Reports Monitor titled, “Global Industrial Alcohol Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Industrial Alcohol Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Industrial alcohol also known as ethyl alcohol, grain alcohol or drinking alcohol, a volatile and flammable colorless derived from molasses is the most common biofuel used world-wide. It is mainly produced by the fermentation of sugars which is derived from wheat, corn, beets and sugar cane, molasses. The production process involves the process such as enzyme digestion specifically for releasing sugars from starch, fermentation of sugars, distillation and drying.
The demand for industrial alcohol is rising due to its increased adoption in pharmaceuticals and chemical industries. It is widely adopted in pharmaceuticals such as anesthetics, antiseptics, and drugs also in cosmetics such as fragrance and deodorants. Increased demand for bioethanol in Automotives owing to the environment friendly properties significantly result in propelling the market growth. However, the fluctuation in the raw materials prices may affect the market growth negatively. Emergence of eco-friendly ethyl alcohol sources results in generating various opportunities in market.
This report provides a detailed analysis of Industrial Alcohol Market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources and with bottom-up and top-down approaches.
The industrial alcohol market is majorly segmented on the basis of type, source, application, and processing method. Depending upon the type, market is bifurcated Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol, and other, while based on the source, market is segmented into: Sugar & Molasses, Corn, Grains, Fossil Fuels, and others. Based on application, market is classified into, Fuel, Chemicals, Pharmaceuticals, Cosmetics, Food Ingredients and Others. Based on the processing method adopted, market is segmented into: fermentation and synthetic method.
The global industrial alcohol market is majorly studied across four regions: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).Among the following regions covered North America is anticipated to achieve major market share owing growing adoption in automotive sector. Availability of raw materials in substantial amount is also one of the factors in propelling the growth. Growing chemical and pharmaceutical industries in the developing economies such as China, India and Japan supports Asia Pacific to emerge as fastest growing region.
The major key players operating in the market are: Cargill, Incorporated, BASF SE, Raizen, Exxon Mobil Corporation, Royal Dutch Shell Plc, Eastman Chemical Company, Greenfield Global, Inc. , MGP , Green Plains Inc. , and Cristalco.
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