Industrial Alcohol Market Size, Industry Outlook And Forecast For 2031 - Cargill Incorporated U.S, Cristalco, Raizen Energia, MGP INGREDIENTS, Green plains Inc

Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!
https://www.thebusinessresearchcompany.com/opportunities-and-strategies-reports

The global industrial alcohol market report by the business research company identifies increasing demand for biofuels among end-users to be a major growth driver for the industrial alcohol market. Biofuel, such as ethanol, is a renewable energy source made from microbial, plant, or animal waste. It is an alcohol that is also used in gasoline as a blending ingredient to boost octane and reduce carbon monoxide and other smog-causing pollutants to minimize air pollution. In order to lower air pollution and energy costs, alternative fuels such as biodiesel and alcohol are being used in engine technology. For instance, according to the US Department of Energy, a US-based government department, in 2021, 98% of U.S. gasoline will contain ethanol (industrial alcohol), typically E10 (10% ethanol, 90% gasoline) to oxygenate the fuel, which reduces air pollution. Furthermore, in 2020, biodiesel was second to fuel ethanol as the most produced and consumed biofuel in the United States, and accounted for about 11% and 12% of total U.S. biofuel production and consumption, respectively. Therefore, increasing demand for biofuels among end-users is driving the demand for the industrial alcohol market.

The global industrial alcohol market size is expected to grow from $131.13 billion in 2021 to $145.00 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The industrial alcohol market is expected to reach $207.03 billion in 2026 at a CAGR of 9.3%.

Purchase The Industrial Alcohol Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-alcohol-global-market-report

North America was the largest region in the industrial alcohol market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the industrial alcohol market are Cargill Incorporated U.S, Cristalco, Raizen Energia, MGP INGREDIENTS, Green plains Inc, Sigma-aldrich, Grain Millers Inc., The Andersons Inc, BASF, Royal Dutch shell plc, Exxon mobil corporation, Univar Solutions, and BIRLA SUGAR.

The global industrial alcohol market is segmented -
1) By Type: Isopropyl Alcohol, Methyl Alcohol, Ethyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol
2) By Source: Molasses, Sugar, Grains, Fossil Fuels
3) By Processing Method: Fermentation, Synthetic
3) By Application: Fuel, Chemical Intermediates And Solvent, Pharmaceuticals, Personal Care Products, Food Ingredients

Request A Free Sample Of The Industrial Alcohol Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7114&type=smp

The Industrial Alcohol Market Report Contents Include
1. Executive Summary
2. Industrial Alcohol Market Characteristics
3. Industrial Alcohol Market Trends And Strategies
4. Industrial Alcohol Market - Macro Economic Scenario
5. Industrial Alcohol Market Size And Growth
....
28. Key Mergers And Acquisitions In The Industrial Alcohol Market
29. Industrial Alcohol Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the industrial alcohol market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
TBRC Blog: http://blog.tbrc.info/
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Healthcare Blog: https://healthcareresearchreports.com/

About Us:
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. It has published over 3000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

This release was published on openPR.