Pune, Nov 23, 2022: As per the new industry analysis by Maximize Market Research, a market research and competitive intelligence provider, the Global Industrial Alcohol Market was valued at USD 155 Billion in 2021, and it is expected to reach USD 291.17 Billion by 2029, at a CAGR of 8.2% during the forecast period.
Request Sample Copy (To Understand the Complete Structure of this Report [Summary+TOC]) @ https://www.maximizemarketresearch.com/request-sample/13472
Industrial Alcohol Market Report Scope & Research Methodology:
The research evaluates current trends and developments in each sub-sector, as well as revenue growth at the global, regional, and global levels (2021-2029). For analysis, MMR segmented the industrial alcohol market into source, product type, application, and geographic locations. The market analysis also contains expected market estimates and trends for 22 countries spread throughout the world’s primary geographic zones. The value for the aforementioned categories is provided in the report (in USD million). The research also aids in understanding the industrial alcohol market trends, structure, and size projections by evaluating market segments. The research serves as an investor’s guide by providing a clear depiction of competition analysis of major competitors in the industrial alcohol market by financial situation, product portfolio, growth plans, and geographical presence.
Secondary research, primary research, and expert panel review were all phases of the research project. The following are the key facts that make it possible to assess the Industrial Alcohol market:
- Government funding and research and development costs incurred by manufacturers.
- The number of final consumers, the amount consumed, the price, and the value.
- The revenues of significant market segment companies.
- The micro and macro environmental factors driving the Industrial Alcohol market currently, as well as their anticipated impact over the course of the forecast period.
Utilizing exclusive software that looks at a range of qualitative and quantitative characteristics, market forecasting was carried out. Numerous secondary and primary sources were consulted in order to establish the growth rate and CAGR. Accuracy is guaranteed throughout all of the report’s various analysed market categories thanks to data triangulation across several data points. The logical, scientific, and mathematical coherence of the quantitative data is ensured by the employment of both a top-down and bottom-up technique for market evaluation.
Industrial Alcohol Market Overview:
Industrial alcohols are employed as a reagent and a solvent in a wide range of industrial applications, including pharmaceuticals, healthcare, the energy sector, and the chemical industry. These alcoholic beverages are used for reasons other than drinking.
Industrial alcohol is in great demand in a range of industries because of its antibacterial properties, solubility, and high octane number. These factors are driving the demand for industrial alcohol. Industrial alcohols such as ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, and benzyl alcohol are widely employed in a range of industries. Furthermore, the increasing use of methanol and isopropanol in personal care, automotive, and pharmaceutical applications is having an impact on the growth of the industrial alcohol market.
Industrial Alcohol Market Dynamics:
In a variety of industrial applications, industrial alcohols serve as a reagent and a solvent. Because of its multifunctionality, industrial alcohols have gained appeal in the end-use sector, which is driving the Industrial Alcohol Market. Furthermore, alcohol is employed as a gasoline mixer in gasoline engines. Methanol, benzyl alcohol, and isopropyl alcohol are also employed in the manufacture of food, flavourings cosmetics, and adhesives. Industrial alcohol is a typical biofuel that is volatile, ccolorless and flammable. Because of its low emissions and fewer intoxicating effects, it is suitable for use in gasoline cars.
Considering water contamination and depletion, the use of fossil fuels in the manufacture of industrial alcohol has a considerable detrimental impact on the environment. Many hazardous compounds are required as raw materials in the production of alcohol. When hazardous substances are discharged into the atmosphere, they have an impact on the environment. Industrial alcohol production is limited by rigorous government environmental rules, which also impede market expansion. Furthermore, the high cost of isopropyl and isobutyl synthesis is expected to hinder the market growth.
Industrial Alcohol Market Regional Insights:
The Asia-Pacific region held the majority of the global market.
Government agencies anticipate that increased industrial alcohol costs will assist the Chinese and Indian markets. India has already begun steps to adopt different alcohol fuels such as ethanol. With a market share of more than 32.5%, China dominates the East Asian industrial alcohol market. This has resulted in an upsurge in industrial alcohol sales in Asian countries. In South Asia, however, the Indian alcohol market is expected to remain dominant until 2029. Rising crude oil prices are likely to open up new avenues for biofuel producers in both countries.
For Detailed insights on this market, request for methodology here @ https://www.maximizemarketresearch.com/request-sample/13472
Industrial Alcohol Market Segmentation:
- Bagasse & Sugarcane
- Fossil Fuels
By Product Type:
- Ethyl Alcohol
- Isopropyl Alcohol
- Isobutyl Alcohol
- Methyl Alcohol
- Transportation Fuel & Fuel Additives
- Chemical Intermediates
- Food Ingredient
- Personal Care
- Detergent & Cleaning Chemicals
Industrial Alcohol Market Key Competitors:
- Raizen Energia
- Exxon Mobil Corporation
- Royal Dutch Shell Plc
- Eastman Chemical Company
- Grain Processing Corporation
- Greenfield Specialty Alcohols
- Cargill Inc.
- MGP Ingredients Inc.
- Green Plains Inc.
- Birla Sugar
- Greenfield Specialty Alcohols
- Flint Hills Resources
- Sigma Aldrich
- The Andersons Inc.
- BASF SE
- MGP Ingredients
- The Andersons Inc.
Key Questions answered in the Industrial Alcohol Market Report are:
- What is the competitive scenario of the Industrial Alcohol Market?
- Which are the key factors aiding the Industrial Alcohol Market growth?
- Which region is expected to hold the largest share of the Industrial Alcohol Market by 2029?
- What will be the CAGR of the Industrial Alcohol Market during the forecast period?
- Which are the prominent players in the Industrial Alcohol Market?
- What key trends are likely to emerge in the Industrial Alcohol Market during the forecast period?
- What is the expected Industrial Alcohol Market size by 2029?
- Which company held the largest share of the Industrial Alcohol Market in 2021?
- Which application segment is expected to emerge as the leading segment in the Industrial Alcohol Market?
- Which product segment held the largest share of the Industrial Alcohol Market in 2021?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
Ethanol Market – The Ethanol Market size is expected to reach USD 152.2 Billion by 2029, at a CAGR of 5.5% during the forecast period. The growing interest in using the substance as a biofuel is driving up demand for the ethanol market. Emerging ethanol uses are expected to provide up new business prospects for the major players in the global market.
Industrial Enzymes Market – The Industrial Enzymes Market size is expected to reach USD 10.96 Billion by 2029, at a CAGR of 6.4 % during the forecast period. The growth of the Industrial Enzymes market is being driven by increased product demand from end-use industries such as biofuel, household cleaning, animal feed, and food and beverage.
About Maximize Market Research:
Maximize Market Research provides syndicate as well as custom-made business and market B2B and B2C research on 6,500 high-growth emerging technologies and opportunities as well as threats to the companies across the Chemical, Healthcare, Pharmaceuticals, Electronics and Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries. Additional information is available at https://www.maximizemarketresearch.com/.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: Geeta Yevle
Email: Send Email
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,