Press release
Global Alcohol Market to be driven by surging demand for Ethanol and Methanol
The demand for alcoholic beverages is on the rise and is expected to surge in the years to come. The key companies operating in the global alcohol market are Glacial Lakes Energy LLC, Absolute Energy LLC, Aventine Renewable Energy-Pekin, and Methanex Corporation.
View exclusive Global strategic Business report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6032
Demand for Ethanol to drive the Global Alcohol Market
The global alcohol market is segmented on the basis of type of alcohols, applications, and geography. On the basis of type of alcohol, this market is categorized into ethanol, butanol, methanol, sorbitol, xylitol, ethylene glycol, and pentanol. The market for ethanol is by far the largest, since it is the most widely used variety of alcohol all over the world. 100 billion liters is the global consumption of ethanol, out of which more than 80 billion liters is used as fuel. The high demand for ethanol can be attributed to it being considered a renewable fuel and also the fact that it is used as a substitute for gasoline.
High demand for ethanol as a fuel is a key factor that drives the global alcohol market. Much of the demand for ethanol also comes from industries such as cosmetics, pharmaceuticals, and alcoholic beverages. In the healthcare sector, ethanol is used as a skin disinfectant for invasive procedures and injections. Also, because of its highly volatile nature, ethanol is a crucial ingredient in hand sanitizers and soaps. Based on applications, the global alcohol market is segmented into antiseptics, antifreeze, preservatives, fuels, solvents, and alcoholic beverages.
Expanding Automotive and Pharmaceuticals Markets to Propel the Methanol Market
Another extensively used type of alcohol in the industrial segment is methanol. Over the past couple of years, the market for methanol has been expanding significantly. Methanol is an important component of formaldehyde that is used extensively in industries such as wood and resins, pharmaceuticals, and automotive. The other chemicals that use methanol as an intermediate component are acetic acid, dimethyl terephthalate, methyl chloride, and methyl methacrylate.
High demand for methanol from several end-use industries drives the global market for alcohol. Acetic acid is mainly used in industries such as adhesives and fleece, and paints and coatings. The demand for dimethyl terephthalate comes from the market for recyclable plastic bottles. Methyl chloride is used in the production of silicone, which is used in medical applications, lubricants, sealants, and adhesives.
North America: Dominant Regional Market
Geographically, the global alcohol market is segmented into Europe, North America, Latin America, Asia Pacific, Africa, and the Middle East. Brazil, Europe, and the U.S. are by far the largest consumers of ethanol as a fuel. The demand for ethanol in the Asia Pacific market is expected to increase substantially in the forecast period. Also, the demand for alcoholic beverages is increasing in Asia Pacific and is projected to increase in the forthcoming years as well.
In terms of production, North America holds the highest share in the global alcohol market. The other prominent regional players in the global alcohol market are Asia Pacific, Europe, and South America. Also, Brazil and the U.S. are the largest manufacturers of ethanol in the global alcohol market.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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 Global Alcohol Market to be driven by surging demand for Ethanol and Methanol here
News-ID: 433450 • Views: …
More Releases from Transparency Market Research- Food & Beverage
Licorice Extracts Market Anticipated to Expand at a CAGR of 4.0% during 2017 to …
Of late, the global licorice extracts market is witnessing a stable progress, thanks to the growing demand for pharmaceutical products, herbal medicines, and various other health products among people across the world. The increasing uptake of natural ingredients in medical supplements, together with the rising inclination of consumers towards sugar-free products, boosted by the upswing in the consumer consciousness towards health and fitness, is fueling the demand for licorice extracts,…
Low Intensity Sweeteners Market: Demand to Rise with Nations Inclining toward He …
In the last few years the world has witnessed drastic change in lifestyle and eating pattern across most developed and developing nations. While this paradigm shift is steered by adverse effects of unhealthy living, it is here to stay as people look for an overall better standard of living. As cutting down sweet seems easier way of committing toward a healthy living, the prevailing environment is highly conducive to the…
Juice Concentrate Market: Trend of Adopting Healthy Lifestyle for Upkeep of Good …
Global analysis of the juice concentrate market along with the various segments and sub-segments have been considered under the scope of this report providing data for the forecast period of 2017-2025. Different types of juice concentrates are prepared using the method of concentration through reduction in the water content. These are a more condensed and concentrated form of juices that can be both fruit and vegetable. These juice concentrates achieved…
Fresh Cherries Market: Increasing Preference for Fresh Fruits Reflect Positively …
The global fresh cherries market is extremely competitive and this is fuelled by the continued entry of new players, states Transparency Market Research (TMR). Leading players operating in the fresh cherries market include: Rainier Fruit, Alacam Tarim, Vitin Fruits, Leelanau Fruit, Dell's Marachino Cherries, The Global Green Company, Smelterz Orchard, Bel'Export, and Hood River Cherry. Players within the market are improving the sales of fresh cherry
Request to view Sample Report:…
More Releases for Alcohol
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.Â
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,…
Alcohol Sensor Market By Drägerwerk AG & Co. KGaA, Abbott, Alcohol Countermeasur …
Global alcohol sensor market is expected to reach USD 4.33 billion by 2026 from USD 1.55 billion in 2018 and is projected to grow at a CAGR of 13.7% in the forecast period of 2019 to 2026.
Global Alcohol Sensor market research report provides a detailed synopsis on the study for market and how it is impacting the Semiconductors and Electronics industry. The key research methodology used here by DBMR team…
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…
