(Food-Beverage-News.Com, August 15, 2019 ) Industrial alcohol is one of the major segments in the alcohol market, used in a wide range of applications. The most common application areas for industrial alcohol are fuel, pharmaceuticals, food ingredients (except beverages), personal care products, chemical intermediates & solvents, and other applications, which include home care products and reagents. The application sector where a majority of alcohol is used is the energy sector, in the form of biofuel.
• To define, segment, and measure the industrial alcohol market based on type, application, source, and region • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) • To strategically analyze the Micromarkets with respect to individual growth trends, future prospects, and contribution to the total market • To analyze opportunities in the market for stakeholders and details of the competitive landscape for market leaders • To project the size of the market, in terms value (USD million), in the five main regions, namely, North America, Europe, Asia-Pacific, South America, and the Rest of the World (RoW) • To project the market size, in terms value (USD million) and volume (KT) on the basis of key industrial alcohol by type • To analyze opportunities in the industrial alcohol market for stakeholders and study the details of a competitive landscape, to be provided to the key market leaders • To strategically profile the key players and comprehensively analyze their market share and core competencies • To track and analyze the competitive developments such as acquisitions, expansions and investments, agreements, and joint ventures in the industrial alcohol market
In the global industrial alcohol market, Asia-Pacific is estimated to be the fastest-growing region, in terms of value and volume, between 2017 and 2022. This region comprises developing economies such as China, India, and Thailand whose market of industrial alcohol has been increasing annually over the last five years. It is also the largest producer of all types of industrial alcohol except ethyl alcohol.
The increasing adoption of alcohol in applications such as cosmetics, pharmaceuticals, chemical intermediates and solvents, rapid growth in demand for personal care products, availability of feedstocks such as sugar, natural gas, coal in countries such as India and China, clubbed with the increase in the number of production facilities is expected to drive the industrial alcohol market in the biofuel and chemical industries. The industrial alcohol market in India, in terms of volume, is projected to grow at the highest rate among the Asia-Pacific countries.
Key Players:
• Cargill (US) • Raizen Energia (Brazil) • Green Plains Inc (US) • Cristalco (France) • MGP Ingredients (US)
