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Industrial Alcohols Market Global Growth, Top Companies and Industry Analysis 2023 | CAGR: 10.2%
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Overview:
Industrial alcohol serves diverse purposes in reagents and solvents, finding applications in pharmaceuticals, personal care, energy, and chemical industries. Ethanol, a prominent type, is crucial in the fuel sector, driven by government mandates for blending petrol with 5% ethanol in developing countries.
Market Drivers and Challenges:
Biofuel demand fuels industrial alcohol growth.
Alcohols like ethyl, methyl, benzyl, and isobutyl play a key role in the fuel and energy sector.
Environmental concerns and government support drive bioethanol production.
Fluctuating raw material prices pose a challenge to market growth.
Market Segmentation:
The grains segment, particularly in the U.S., UK, and France, is expected to dominate, driven by rapid alcohol production from corn.
Fermentation processing method anticipates a 10.3% growth rate in the forecast period.
Asia-Pacific leads the global market with a projected CAGR of 11.8% in value until 2023.
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Regional Insights:
North America dominated the market in 2016 and is expected to maintain this trend, followed by LAMEA.
Hungary is expected to grow at a CAGR of 9.9% from 2017 to 2023.
Thailand held one-fifth of the Asia-Pacific industrial alcohol market in 2016.
Key Benefits of Industrial Alcohols Market:
► The report provides an extensive analysis of the global industrial alcohols market share, size and trend from 2016 to 2023 to determine the prevailing opportunities.
► Comprehensive analysis of the factors that drive and restrict the market growth is provided in the market.
► Extensive analysis of the industry is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
► Porters five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
► The report provides key insights on strategic industrial alcohols industry analysis of various companies and the value chain analysis of the alcohol industry.
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Leading Market Players: -
► Cargill Inc
► MGP Ingredients Inc
► Green Plains Inc
► Birla Sugar
► Cristalco
► Greenfield Specialty Alcohols
► Flint Hills Resources
► Sigma Aldrich
► The Andersons Inc
► and BASF SE
Similar Report:
Bio-alcohols Market: https://www.alliedmarketresearch.com/bioalcohol-market
Industrial Explosives Market: https://www.alliedmarketresearch.com/industrial-explosives-market
Natural Fatty Alcohols Market: https://www.alliedmarketresearch.com/natural-fatty-alcohols-market
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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