Industrial Alcohol Market Growth: Global Industry In-Depth Study and Huge Demand in Future 2022-2027

Astute Analytica released a new market report on the Industrial alcohol Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Global Industrial Alcohol Market will record a tremendous compound annual growth rate (CAGR) of 9.5% during the forecast period from 2021 to 2027.

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Regional Analysis:

As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.

The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.

COVID-19 Impact:

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Major Key Players in Industrial Alcohol Market are:

Cargill Inc.
Raizen Energia
Cristalco SAS
MGP Ingredients Incorporated
Grain Millers Inc.
Grain processing Corporation
The Andersons Inc.
Green Plains Inc
Royal Dutch Shell Plc
Exxon Mobil Corporation
Eastman Chemical Company
Dow Chemical Company
LyondellBasell Industries
Wilmar International
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Industrial alcohol market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Type:

Benzyl alcohol
Ethyl alcohol
Methyl alcohol
Isobutyl alcohol
Isopropyl alcohol
Others (Sorbitol and maltitol)
By Source:

Corn
Fossil fuels
Grains
Molasses
Sugarcane
Others
By Application:

Chemical intermediates and Solvents
Food Industry
Fuel Additives
Personal care products
Pharmaceuticals
Other
By Process Method:

Fermentation
Synthetic
By Region:

North America
Europe
Asia Pacific
Middle East & Africa
South America
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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

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This release was published on openPR.