The Global Industrial Alcohol Market had a valuation of USD 111.01 billion in 2022 and is projected to reach USD 261.73 billion by 2032, with a compound annual growth rate (CAGR) of 10% throughout the forecast period. This market’s expansion is primarily attributed to increasing demand for biofuels, the growing utilization of alcohol across various industries, and the uptick in alcoholic beverage consumption. Additionally, the pharmaceutical sector’s rising reliance on industrial alcohol as a solvent is contributing to revenue growth.
The escalating global demand for biofuels, such as Ethanol and biodiesel, is driven by the urgent need for sustainable energy sources and a decreasing dependence on fossil fuels. This heightened demand for biofuels is intertwined with the industrial alcohol market’s growth since ethanol, a key type of industrial alcohol, plays a pivotal role in biofuel production. Furthermore, the surging popularity of environmentally friendly products is poised to further boost the demand for biofuels, thereby stimulating market expansion.
Various industries, including pharmaceuticals, personal care, food, and beverages, extensively utilize industrial alcohol. In the pharmaceutical sector, industrial alcohol serves as a crucial solvent in the production of medications, vaccines, and other healthcare products. Anticipated growth in pharmaceutical consumption, especially in emerging economies, is expected to drive demand for industrial ethanol. Additionally, industrial alcohol is a vital component in the manufacturing of lotions, fragrances, and other personal care items, further contributing to market revenue growth.
Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/2886
Competitive Landscape:
The global industrial alcohol market is highly fragmented, with a number of large and medium-sized players accounting for a majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. Some major companies included in the global industrial alcohol market report are:
- Archer Daniels Midland Company (ADM)
- BASF SE
- Cargill, Incorporated
- Grain Processing Corporation (GPC)
- MGP Ingredients, Inc.
- Merck KGaA
- Osage Bio Energy, LLC
- Roquette Freres
- The Andersons, Inc.
- The Dow Chemical Company
- Solvay
Further key findings from the report suggest:
- Isopropyl alcohol finds use among physicians, who rub the poisonous substance onto surfaces, tools and human bodies for its cooling and disinfecting properties. Isopropyl alcohol also is found in cosmetics, including lotions
- Methyl alcohol primarily finds use as an industrial solvent. For example, paint remover and photocopier developers make use of it
- Ethanol is a common ingredient in many cosmetics and beauty products. It acts as an astringent to help clean skin, in lotions as a preservative and to help ensure that lotion ingredients do not separate, and in hairsprays to help the spray adhere to hair
- More than 97 percent of U.S. and other developed countries produce gasoline which contains ethanol, typically in a mixture called E10, made up of 10 percent ethanol and 90 percent gasoline, to oxygenate the fuel and reduce air pollution
Industrial Alcohol Market Report Scope
| By Type Outlook |
|
| By Source Outlook |
|
| By Application Outlook |
|
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2886
Browse More Reports:
Water Storage Systems Market :https://www.reportsanddata.com/report-detail/water-storage-systems-market
Concierge Medicine Market :https://www.reportsanddata.com/report-detail/concierge-medicine-market
Varactor Diode Market :https://www.reportsanddata.com/report-detail/varactor-diode-market
Veterinary Chemical Analyzer Market :https://www.reportsanddata.com/report-detail/veterinary-chemical-analyzer-market
Veterinary Orthopedic Implant Market :https://www.reportsanddata.com/report-detail/veterinary-orthopedic-implant-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports