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Industrial Alcohol Market Share, Size, Trends, Industry Analysis Report 2023-2032 | Cargill Incorporated, Cristalco, Raizen Energia, MGP Ingredients, Green Plains Inc
Industrial Alcohol Market
As per the industrial alcohol market report by The Business Research Company, The increasing demand for biofuels among end-users is significantly contributing to the growth of the industrial alcohol market going forward. Biofuel is a renewable energy source made from microbial, plant, or animal waste. Global energy consumption is predicted to rise significantly in the next years, and it is widely acknowledged that alternative, sustainable methods to meet those requirements must be developed. Ethanol is also called distilled alcohol or industrial alcohol which is a renewable fuel that is used significantly for the production of biofuel.
The global industrial alcohol market size grew from $143.77 billion in 2022 to $160.49 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The industrial alcohol market size is expected to grow to $247.16 billion in 2027 at a CAGR of 11.4%.
Read More On The Industrial Alcohol Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-alcohol-global-market-report
Major competitors in the industrial alcohol market include Cargill Incorporated, Cristalco, Raizen Energia, MGP Ingredients, Green Plains Inc., Sigma-Aldrich, Grain Millers Inc., The Andersons Inc., Flint Hills Resources, Royal Dutch Shell PLC., Exxon Mobil Corporation, Univar Solutions, BASF, and Birla Sugar.
The industrial alcohol market is segmented -
• By Type: Isopropyl Alcohol, Methyl Alcohol, Ethyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol
• By Source: Molasses, Sugar, Grains, Fossil Fuels
• By Processing Method: Fermentation, Synthetic
• By Application: Fuel, Chemical Intermediates & Solvent, Pharmaceuticals, Personal care products, Food Ingredients. North America was the largest region in the industrial alcohol market.
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Industrial alcohol is employed in the production of vaccinations, compound tonics, syrups, tinctures, liniments, and antiseptics, as well as medications such as chloroform, atabrine, and barbiturates. Industrial alcohol refers to distilled ethyl alcohol used in industrial applications. It is majorly used as a primary raw material in the production of chemical compounds such as acetaldehyde, ethyl acetate, acetic acid, and others.
The Table Of Content For The Industrial alcohol Market 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
……
27. Industrial Alcohol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Alcohol Market
29. Industrial Alcohol Market Future Outlook and Potential Analysis
30. Appendix
The "Global Industrial Alcohol Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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