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Industrial Alcohol Market share research by applications and regions for 2017 – 2024

Industrial Alcohol Market share research by applications

Industrial Alcohol Market size is witnessing a significant growth owing to surge in demand for petrochemicals, alternative fuels and other major applications including production of cosmetics, pharmaceuticals, paints, and coatings. Recent development of biofuels due to growing concern for energy security and demand for low-priced feedstock in chemical industry will drive of industrial alcohol market size in forecasted time frame.

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With the increasing environmental concerns and stringent government regulations supporting the development of bioethanol in developed countries will further boost industrial alcohol market. As per the Department of Energy’s GREET model, discusses fuel production pathways from various energy feedstocks. The use of bioethanol significantly reduces greenhouse gas emissions by 34% compared to petroleum-derived gasoline and without indirect emissions, average bioethanol decreases emissions by 44%, thus will supplement industrial alcohol market growth.

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Organic solvents consisting of ethanol, methanol, and isobutanol are most widely used solvents in chemical industry after water. The feedstock prepared from starch and corn is low cost and used to meet energy requirement in various industries. Increasing demand for ethanol, followed by methanol is projected to account for the largest market share in industrial alcohol market due to their wide range of applications in chemical industry.

Asia-Pacific is estimated to be the fastest-growing region for industrial alcohol market. In last few years, demand of industrial solvents in developing economies consisting of China, India, and Thailand increased substantially. The major factors that influence the demand in this region are availability of feedstock for low-cost production such as corn and sugarcane, government regulations in the energy sector, increased awareness on environment safety & carbon emissions. Increasing number of production facilities is expected to drive regional growth of industrial alcohol market in forecasted time frame. China started promotion of ethanol based fuel in five cities to reduce the consumption of petroleum in domestic market.

Reasons to Buy This Report:
1. Industrial Alcohol Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Industrial Alcohol Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

North America chemical industry is witnessing rising production of industrial solvents from agricultural wastes and algae in countries including the U.S. and Canada. U.S is one of the world’s top ethanol producer representing more than 50 percent of the global production followed by Brazil. In last few years more than 90 percent of the gasoline sold in the region is blended with ethanol. U.S. ethanol has appeared as the low-cost conveyance fuel and high-octane source in the world and major consumers of ethanol are Canada, Mexico, United Arab Emirates, and the Philippines. Ethanol is the most common industrial solvents used in Brazil. Nation’s building partnerships with developing countries to reduce the greenhouse-gas emissions and dependence of energy sector on imported fossil fuels.

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On the basis of products, the market is bifurcated as removers, strippers, developers, deposition precursors, etchants, dopants, resists and others. The major applications for Industrial Alcohol are microelectronic, semiconductor devices, optoelectronic devices, electronic circuits, and silicon wafers. Based on end-user industries, Industrial Alcohol market can be classified as electronics industry, photography industry, and printing industry.

Asia Pacific is anticipated to be a major contributor in the global Industrial Alcohol market during the forecast period. Demand for electronic products and other consumer durable goods in developing countries such as, India, South East Asia is making this region a significant contributor in the market. North America is expected to grow at a decent growth rate in the Industrial Alcohol market owing to the advanced technology and established electronics market in the region.

Major manufacturers in Industrial Alcohol market are RD chemicals, Mitsubishi materials Corp, Honeywell electronic material, Dow corning co, Taiyo Nippon sansoWako, Air Products and Chemicals, Inc., Sumitomo Chemical Co., Ltd., Dow chemical co, Du-Pont, General chemical corp, Nikko materials, Eternal chemical co., ltd, Huntsman, Applied materials In

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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