Press release
Industrial Alcohol Market 2024-2033: Growth Trends & Competitive Landscape
The industrial alcohol market size is expected to see rapid growth in the next few years. It will grow to $289.24 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to increasing renewable energy, rising demand hand sanitizers and disinfectants, rising demand for alcoholic beverages, increasing demand from personal care products, emphasis on sustainable chemicals. Major trends in the forecast period include ethanol for hand sanitizers, demand for ethanol as a fuel additive, distillation and purification technologies, industrial alcohol as solvent, food-grade alcohol production.
Market Overview -
Industrial alcohol is a kind of alcohol that is utilized in industrial applications. Ethanol is the most frequent form of industrial alcohol. Adhesives, cosmetics, detergents, explosives, inks, and hand creams are all made with this alcohol. Industrial alcohol is used in the production of vaccinations, compound tonics, syrups, tinctures, liniments, and antiseptics.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7114&type=smp
Growing End-User Demand For Biofuels Boosts Industrial Alcohol Market
The increasing demand for biofuels among end-users is significantly contributing to the growth of the industrial alcohol market going forward. 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 growth of the industrial alcohol market.
Competitive Landscape -
Major companies operating in the industrial alcohol market include Cargill Incorporated, Cristalco SAS, Raizen Energia SA, MGP Ingredients Inc., Green plains Inc., Sigma-Aldrich, Grain Millers Inc., The Andersons Inc., BASF SE, Royal Dutch shell plc, Exxon mobil corporation, Univar Solutions, BIRLA SUGAR, Valero Energy Corporation, Flint Hills Resources, Roquette Freres SA, Jiangsu Lianhai Biological Technology Co. Ltd., Shell Chemicals, Cosan S.A., Celanese Corporation, Novozymes A/S, Solvay S.A., IG Petrochemicals, The Andersons Inc., Raízen Energia S.A., Aemetis Inc., Vantage Oleochemicals, Pannonia Bio, ACI Alloys Inc.
Product Advancements Drive Industrial Alcohol Market Growth
Product advancements have emerged as the key trend gaining popularity in the industrial alcohol market. Major companies operating in the industrial alcohol sector are focused on developing technologically advanced products to strengthen their market position. For instance, in January 2021, DuPont Nutrition & Biosciences, a Denmark-based bio-based company, launched the SYNERXIA Gemstone Collection, the next advancement in high-performance yeasts for the ethanol market designed for the unique needs of ethanol producers. SYNERXIA SAPPHIRE is developed to give a high ethanol yield boost compared to standard yeast and power through fermentation. Additionally, the substance expresses enough glucoamylase to replace up to 80% of the glucoamylase added during fermentation. The potent glucoamylase is strongly expressed in yeast, which benefits many producers by reducing leftover starch.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/industrial-alcohol-global-market-report
Key Segments -
The industrial alcohol market covered in this report 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
4) By Application: Fuel, Chemical Intermediates & Solvent, Pharmaceuticals, Personal care products, Food Ingredients
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
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
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Alcohol Market 2024-2033: Growth Trends & Competitive Landscape here
News-ID: 3494440 • Views: …
More Releases from The Business research company
Emerging Growth Trends Driving Expansion in the Rocket Exhaust Plume Management …
The rocket exhaust plume management sector is poised for significant expansion as space activities intensify worldwide. Growing demand for efficient and environmentally conscious technologies is driving innovation and investment in this specialized market. The following analysis explores the market size, key players, prevailing trends, and the main segments shaping this industry's future.
Forecasted Growth of the Rocket Exhaust Plume Management Market
The rocket exhaust plume management market is projected to reach…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Na …
The naval-based remote weapons station market is on track for significant expansion in the coming years, driven by advances in maritime defense technology and evolving naval strategies. As navies worldwide seek to enhance operational efficiency and safety, the demand for sophisticated remote weapon systems is rising steadily. Here's an insightful overview of the market's size, key players, driving factors, notable trends, and segmentation.
Projected Market Valuation and Growth Trajectory of the…
Top Players and Competitive Dynamics in the Nano UAV Market
The nano UAV market is on the verge of remarkable expansion, driven by technological advancements and widening applications across various sectors. As these ultra-compact drones evolve, they are set to transform industries such as agriculture, environmental monitoring, and urban surveillance, offering unprecedented precision and efficiency. Let's explore the current market size, influential players, key trends, and significant opportunities shaping the future of this dynamic industry.
Forecasted Expansion and Size of the…
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Glob …
The multi-band global navigation satellite system (GNSS) receiver market is poised for significant expansion in the coming years, driven by technological advancements and growing applications across various sectors. As navigation needs become more complex and diverse, the demand for sophisticated GNSS receivers continues to rise, making this a crucial market to watch through 2030.
Projected Market Size and Growth of the Multi-Band GNSS Receiver Market
The multi-band GNSS receiver market is…
More Releases for Alcohol
Alcohol E-Commerce: Core Growth Enabler in the Surging Alcohol Consumption Drive …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Alcohol E-Commerce Industry Market Size Be by 2025?
The size of the alcohol e-commerce market has rapidly increased in the past few years. The market which stood at $64.55 billion in 2024 is set to escalate to $73.91 billion in 2025, showing a compound annual growth…
Digital Breath Alcohol Testers Market Reliable and Accurate Solutions for Alcoho …
Global Digital Breath Alcohol Testers Market Overview:
The Digital Breath Alcohol Testers market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Digital Breath Alcohol Testers market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Alcohol Screening Breathalyzer and Alcohol Screening Device Manufacturer | ALCOF …
ALCOFIND, a DA Tech brand, is a trustworthy and flawless maker of alcohol screening breathalyzer. It includes both an advanced alcohol tester and an alcohol screening device.
DA Tech has dedicated itself to the research and development of sensor-related application solutions since its foundation in 2002, firmly establishing itself as a specialized breathalyser company and emerging as a global leader.
ALCOFIND breathalyser has quality certifications for the world's major breathalyser markets, including…
Impact of COVID-19 on Alcohol Disinfectants Market by Products (Propyl Alcohol, …
The global Alcohol Disinfectants market is one of the fastest-growing markets in the world. The following report contains all the statistics and facts & figures related to the global Alcohol Disinfectants market. Their business strategies, sales data, projections, and a host of other important data have been covered for an in-depth outlook. The report also has PEST analysis, SWOT analysis, risk analysis, and regional analysis. 3M Company, BODE Chemie Gmbh,…
PRESS- Premium Alcohol Seltzer
MEDIA RELEASE CONTACT: FRANK SINGLETON
frank@franksingletoncommunications.com
678.316.4237
PRESS launches premium alcohol seltzer in key US markets
Regional distribution includes Chicago, Boston, Atlanta, New York, Salt Lake
Milwaukee, WI—Major metropolitan locations across the country are part of a multi- region, multi-city national launch of new light-alcohol beverage brand PRESS, a fruit and spice infused alcohol seltzer being distributed in cities known as trend-forward cuisine and beverage marketplaces. Locations were selected based on market demographics including active…
Alcohol Testing Market - Increasing usage of alcohol testing devices, which are …
Alcohol testers are used to scrutinize whether an individual is under the effect of alcohol. Alcohol testing looks for traces of alcohol in a human body using samples of urine, hair, saliva, blood, breath, or sweat. Alcohol testing is an expanding market, due to the high consumption of alcohol and growth in the aging population that shows indications of increase in use of alcohol and prescription drugs. Alcohol tester is…
