Industrial Alcohol Market Expected to Reach 180.83 Billion USD by 2022

1. MarketsandMarkets Presents Industrial Alcohol Market worth 180.83 Billion USD by 2022

2. The report "Industrial Alcohol Market by Type (Ethyl, Methyl, Isopropyl, Isobutyl, Benzyl Alcohol), Source (Sugar & Molasses, Corn, Grains, Fossil Fuels), Application (Personal Care, Pharmaceutical, Fuel, Food, Chemical), and Region - Global Forecast to 2022", is projected to reach USD 180.83 Billion by 2022 in terms of value, at a CAGR of 9.8% from 2017 to 2022. Industrial alcohol is widely accepted either as a reagent or solvent in a wide number of applications, such as the pharmaceutical, personal care, energy sector, and chemical industries. Their multi-functionality increases its adoption in end-use applications. Also, the growing demand of biofuel and increase in demand for alcohol across varied sectors has expanded the application areas of industrial alcohol. • Browse •  71 market data tables • 66 figures • 169 pages and in-depth TOC on “Industrial Alcohol Market”. • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=202506822

4. The industrial alcohol market is projected to grow at a CAGR of 9.8%, in terms of value, from 2017 to reach a projected value of USD 180.83 Billion by 2022. The multifunctional nature of industrial alcohol, and increase in demand for biofuel are the main factors driving the industrial alcohol market. Increase in awareness with regard to the environment deterioration among the global population also fuels the demand for industrial alcohol. The industrial alcohol market, on the basis of type, has been segmented into ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, and others. The ethyl alcohol segment has emerged as the most widely used industrial alcohol owing to their multifunctional properties and their vast application in the energy sector as biofuel. Based on source, the market is segmented into sugar & molasses, corn, grains (excluding corn), fossil fuels, and others. Corn is estimated to account for the largest market share in 2017. The global demand for industrial alcohol from fossil fuels is seen to witness an exponential increase. Since ethyl alcohol is the largest produced industrial alcohol, and U.S. is the main producer of ethyl alcohol from corn, corn is estimated to account for the largest share, among all other sources. The industrial alcohol market has been segmented on the basis of application into fuel, chemical intermediates & solvents, pharmaceuticals, personal care products, food ingredients (excluding beverages), and others. Industrial alcohol has been gaining importance in the fuel segment with an increase in demand for biofuels and development of flex cars to boost the use of biofuels, for a safe environment.

5. North America is estimated to be the largest share in terms of value, in the global industrial alcohol market, in 2017. Positive knowledge of segments create a platform for innovative applications of industrial alcohol, and tapping the emerging markets in China, India, and Thailand leads to growth opportunities in Asia-Pacific. • The market is dominated by key players such as Cargill (U.S.), RaizenEnergia (Brazil), Green Plains Inc. (U.S.), Cristalco (France), MGP Ingredients (U.S.), The Andersons Inc. (U.S.), Sigma Aldrich (U.S.), Grain Processing Corporation (U.S.), Greenfield Specialty Alcohols (Canada), and Flint Hills Resources (U.S.). • Scope of the report: • Based on Type, the market has been segmented as follows: • Ethyl Alcohol  • Methyl alcohol •  Isopropyl alcohol •  Isobutyl alcohol •  Benzyl alcohol •  Others  (sorbitol and maltitol) • Based on Source, the market has been segmented as follows: • Sugar & molasses • Corn • Grains (excludingcorn) • Fossil Fuels • Others (whey, cellulosic materials, and algae)

6. Based on Application, the market has been segmented as follows: • Personal care products • Pharmaceuticals • Fuel • Food ingredients (excluding beverages) • Chemical intermediates & solvent • Others (home care ptoducts and reagents) • Based on Region, the market has been segmented as follows: • North America • Asia-Pacific • Europe • South America • RoW (the Middle East & Africa, Other in RoW) • Available Customizations: • Product Analysis • Product matrix, which gives a detailed comparison of the product portfolio of each company • Application Analysis • Application analysis, which gives a detailed analysis of other industrial applications in the industrial alcohol market

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