The report "Industrial Alcohol Market by Type (Ethyl, Methyl, Isopropyl, Isobutyl, Benzyl Alcohol), Source (Sugar & Molasses, Corn, Grains, Fossil Fuels), Application (Personal Care, Pharmaceutical, Fuel, Food, Chemical), and Region - Global Forecast to 2022" projects the market to grow at aCAGR of +9% from 2017 to 2022. Industrial alcohol is widely accepted either as a reagent or solvent in a wide number of applications, such as the pharmaceutical, personal care, energy sector, and chemical industries. Their multi-functionality increases its adoption in end-use applications. Also, the growing demand of biofuel and increase in demand for alcohol across varied sectors has expanded the application areas of industrial alcohol. The study answers several questions for the stakeholders, primarily which market segments to focus in the next 2–5 years for prioritizing efforts and investments.
This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global Industrial Alcohol Market, along with the estimates and forecasts of the revenue and market share analysis.
The industrial alcohol market has been segmented on the basis of type, source, application, and region. In terms of insights, this research report has focused on various levels of analyses-industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global industrial alcohol market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
To get an overview of the global industrial alcohol market
To get an overview of the key players of the industrial alcohol industry and key strategies adopted by key players to attain market presence
To gain insights of the major regions in which the industrial alcohol market is growing
To gain knowledge of the growth of various industrial alcohols
Browse 71 market data Tables and 66 Figures spread through 169 Pages and in-depth TOC on Industrial Alcohol Market by Type (Ethyl, Methyl, Isopropyl, Isobutyl, Benzyl Alcohol), Source (Sugar & Molasses, Corn, Grains, Fossil Fuels), Application (Personal Care, Pharmaceutical, Fuel, Food, Chemical), and Region - Global Forecast to 2022 at http://www.rnrmarketresearch.com/industrial-alcohol-market-by-type-ethyl-methyl-isopropyl-isobutyl-benzyl-alcohol-source-sugar-molasses-corn-grains-fossil-fuels-application-personal-care-pharmaceutical-fuel-food-chemical-and-r-st-to-2022-market-report.html
The industrial alcohol market projected to grow at a CAGR of 9.8%during the forecast period”
The industrial alcohol market is projected to grow at a CAGR of 9.8% from 2017, to reach USD 180.83billion by 2022. The demand for industrial alcohol is projected to be on the rise, owing to factors such as the increase in demand for petrochemicals, commercialization of alternative fuels such as bioethanol and bio-butanol, and growth in several applications such as cosmetics, pharmaceuticals, and paints & coatings, due to their multi-functionality. Growth in consumer awareness regarding utilization of low carbon alternate fuels, coupled with governmental mandates for the blending of biofuels in gasoline and diesel in several countries, is fueling the increase in demand for industrial alcohol in the biofuel industry. The fluctuations in prices of raw materials are the major restraints for the industrial alcohol market.
“Fuel segment is projected to be the fastest-growing in the industrial alcohol market”
In terms of value, the fuel segment, by application, is projected to grow at the highest rate between 2017 and 2022. Due to functional properties such as high octane number and flammability characteristics, ethyl alcohol, methyl alcohol, and isobutyl alcohol are widely used in the fuel and energy sector. The support extended by the government of individual countries for the development of biofuels in the energy sector and the growth in agricultural land availability for bioethanol production have fueled the growth of this market.
“Asia-Pacific is estimated to be the fastest-growing region in the market.”
In the global industrial alcohol market, Asia-Pacific is estimated to be the fastest-growing region, in terms of value and volume, between 2017 and 2022. This region comprises developing economies such as China, India, and Thailand whose market of industrial alcohol has been increasing annually over the last five years. It is also the largest producer of all types of industrial alcohol except ethyl alcohol.
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The increasing adoption of alcohol in applications such as cosmetics, pharmaceuticals, chemical intermediates and solvents, rapid growth in demand for personal care products, availability of feedstock such as sugar, natural gas, coal in countries such as India and China, clubbed with the increase in the number of production facilities is expected to drive the industrial alcohol market in the biofuel and chemical industries. The industrial alcohol market in India, in terms of volume, is projected to grow at the highest rate among the Asia-Pacific countries.
he global market for industrial alcoholis dominated by large players such as Green Plains Inc. (U.S.), Cargill (U.S.), MGP Ingredients (U.S.), Cristalco (France), The Andersons Inc. (U.S.), Sigma Aldrich (U.S.), Grain Processing Corporation (U.S.), Greenfield Specialty Alcohols (Canada), and Flint Hills Resources (U.S.).