Industrial Alcohol Market was valued at USD 155 Bn in 2021, and it is expected to reach USD 291.17 Billion by 2029, exhibiting a CAGR of 8.2 % during the forecast period (2022-2029)
Industrial Alcohol Market Overview
The Industrial Alcohol Market Report 2020-2029 (Forecast Period) examines market growth determinants, regional-level analysis, Industrial Alcohol market distributors, and competitive landscape analysis of major industry players. Every sector of the worldwide Industrial Alcohol market is thoroughly explored in the research report. The segment study reveals critical opportunities in the global Industrial Alcohol industry through leading segments. The global Industrial Alcohol market regional research aids readers in acquiring a full grasp of the recent and future developments of the various geographic marketplaces.
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Industrial Alcohol Market Scope
The report on Industrial Alcohol Market offers a thorough analysis of the industry that is equipped with a major key finding that includes major market drivers, opportunities, challenges, regional outlook, and growth rate. The report acts as a guide for investors as well as stakeholders in the Industrial Alcohol industry. The report provides the size of the Industrial Alcohol Market and the Compound Annual Growth Rate for the forecast period (2022 to 2029).
The bottom-up approach is used for the estimation of several market sectors. Regional analysis of the Industrial Alcohol Market is conducted at the local, regional, and global levels.
Segmentation :
By Product Type, according to MMR, the ethyl alcohol segment is expected to dominate the industrial alcohol market, accounting for more than 31.2% of the market in 2021. Over the forecast period, it is expected to increase at a CAGR of roughly 3.9%. Ethyl alcohol is a renewable fuel with a high octane level that may be combined with gasoline. The chemical characteristics of ethanol produced from many sources, such as maize, potatoes, wheat, barley, sugar crops, and grain sorghum, are the same, and it is accessible in a variety of forms. In terms of corn-based ethanol production, the United States is regarded as a global leader. Furthermore, rising sugar output in Brazil and other Asian Pacific countries, including India and Indonesia, is expected to boost the segment.
Key Players:
• Exxon Mobil Corporation (US)
• Royal Dutch Shell Plc (UK)
• Eastman Chemical Company (US)
• Grain Processing Corporation (US)
• Cargill Inc. (US)
• MGP Ingredients Inc. (US)
• Green Plains Inc. (US)
• MGP Ingredients (US)
• The Andersons, Inc (US)
• The Andersons Inc. (US)
• Greenfield Specialty Alcohols (Canada)
• Logen Corporation (Canada)
• Sigma Aldrich-Merck Group (Germany)
• BASF SE (Germany)
• Lanxess AG (Germany)
• Nordzucker AG (Germany)
• Cristalco (France)
• Birla Sugar (India)
• India Glycols Ltd. (India)
• Dalmia Bharat Group (India)
• HPCL Biofuels Limited (India)
• Praj Industries Ltd. (India)
• Wilmar International (Singapore)
• Sasol Limited (South Africa)
• Raizen Energia (Brazil)
Regional Analysis
The report on the Industrial Alcohol Market’s growth provides a detailed regional analysis. It analysis the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, Industrial Alcohol market research gains a better perspective and understanding of the market and target audience.
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Key Questions answered in the Industrial Alcohol Market Report are:
Key offerings:
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Mar 06, 2023