The Global Industrial Alcohol Market is worth USD 71 billion in 2016 and estimated to grow at a CAGR of 9.8%, to reach USD 113 billion by 2021. The global Industrial Alcohol market is developing at an exceptionally quick pace.
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Industrial alcohol is a refined type of ethyl alcohol that is delivered and sold for differed drink purposes. Industrial alcohol is generally disseminated as unadulterated ethyl alcohol. Unadulterated ethyl alcohol is utilized as a part of the compound research facilities or ventures with the end goal of sterilizing, cleaning and other dissolvable use. Besides, this sort of ethyl alcohol is likewise utilized as a part of solutions, as nourishment fixing, seasoning and other restorative items. In medicinal division, industrial alcohol is utilized as a part of the way toward assembling antibodies, syrups and sterilizers. Ethyl alcohol, famously named Ethanol is unpredictable, combustible and dreary fluid and is the most broadly utilized biofuel all around. The generation of industrial alcohol is through aging and refining process that requires a specific temperature of warmth as vitality to create. At first industrial alcohol out parted from the development of alcoholic drinks however now a days it is utilized as a dissolvable and blending different chemicals.
The significant drivers for Industrial Alcohol rising demand of organic solvents owing to efficient properties including high octane number and flammability characteristics . It is a better and cleaner burning fuel which is blended with gasoline and diesel fuels to reduce the fuel consumption and emissions. With the rising environmental concerns and strict government guidelines supporting the development of bioethanol in several countries will further boost industrial alcohol market.
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The Global market for Industrial Alcohol is segmented on the basis of type, source, and application, purity, processing method, functionality and region. Based on application, the market is segmented into Personal Care, Pharmaceutical, Fuel, Food, Chemical. Based on purity, the market is segmented into Denatured alcohol & Undenatured alcohol. Based on source, the market is segmented into Sugar & molasses, Corn, Grains (excluding corn), Fossil Fuels, Others (whey, cellulosic materials, and algae). Based on Processing Method, the market is segmented into Fermentation Method and Synthetic Method. Based on functionality, the market is segmented into Antimicrobial Activity ,Fragrant/Flavoring Agents, Solubility ,Antifreeze ,and Flammability & Volatility. Based on Type, the market is segmented into ethyl alcohol, methyl alcohol, isopropyl alcohol, benzyl alcohol and others. Ethyl alcohol is the largest used industrial alcohol amongst all these and is used in more applications than any other type of industrial alcohol.
Geographically, the Industrial Alcohol market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second largest shareholder for the market during the forecast period.
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MGP Ingredients (U.S.), The Andersons Inc. (U.S.), Sigma Aldrich (U.S.), Grain Processing Corporation (U.S.), Cargill (U.S.), Raizen Energia (Brazil), Green Plains Inc. (U.S.), Cristalco (France), Greenfield Specialty Alcohols (Canada), and Flint Hills Resources (U.S.) are the leaders in the global Industrial Alcohol market.
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