Global Industrial Alcohol Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global industrial alcohol market in its upcoming report titled, “Global Industrial Alcohol Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global industrial alcohol market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial alcohol market report has been segmented on the basis of source, type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Pure alcohol is also known as industrial alcohol as it is used in various industrial products such as paints, ink, flavors, fragrances, coatings, etc. It is also called a grain alcohol or drinking alcohol. Pure alcohol is colorless, volatile and flammable liquid, commonly derived from molasses or grains. Alcohol fuels are derived from corn, sugarcane, potato, fruit waste or wheat by formation process. Industrial alcohol can be used in petrol engines as an alternative to petrol and it can also mix with gasoline in certain percentages for efficient working of the engine.

Increasing consumption of bioethanol, due to the rising preference for renewable energy sources is a major factor, anticipated to drive the growth of the global industrial alcohol market. Bioethanol is an effective alternate solution to the conventional fuels such as petrol and diesel. Bioethanol also causes the least amount of pollution and have low toxicity and biodegradable nature, which resulted in the demand over the long run and propel the growth of the global market. Increasing demand for industrial alcohol in various industrial sectors such as personal care, food, pharmaceuticals, chemical industry, also expected to bolster the growth of the target market.

However, frequently changing prices of raw material may hamper the growth of the global industrial alcohol market. Nevertheless, the increasing preference of bioethanol in emerging economies can create higher revenue opportunities for players in the target market.

North America accounts for a major market share in terms of revenue and is expected to witness a high growth over the forecast period. Growing awareness regarding carbon emission and renewable energy sources among consumers is also expected to drive the growth of the market in the region. Availability of raw materials and adoption of new technology are also factors expected to propel the growth of the industrial alcohol market in Europe region. Market in Asia Pacific is expected to witness a significant growth, owing to rising demand for renewable energy sources in this region, especially in developing countries such as China and India.

Global Industrial Alcohol Market Segmentation:

By Source:

• Fossil Fuels
• Sugar & Molasses
• Grains
• Corn
• Others (Cellulosic Materials, Algae)

By Type:

• Methyl Alcohol
• Ethyl Alcohol
• Benzyl Alcohol
• Isopropyl Alcohol
• Isobutyl Alcohol
• Others (Maltitol and Sorbitol)

By Application:

• Personal Care Products
• Pharmaceuticals
• Food Ingredients
• Fuel
• Chemical Intermediates and Solvent
• Others (Reagents and Home Care Products)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa