Global Industrial Alcohol Market (2016-2024)- Research Nester
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<strong>Global</strong> <strong>Industrial</strong> <strong>Alcohol</strong> <strong>Market</strong> : Industry<br />
Insights & Opportunity Evaluation, <strong>2016</strong>-<br />
<strong>2024</strong><br />
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<strong>Global</strong> <strong>Industrial</strong> <strong>Alcohol</strong> <strong>Market</strong><br />
<strong>Alcohol</strong> used in industries is denatured alcohol which is usually ethyl<br />
alcohol (C2H5OH). This denatured alcohol is of two types: type a<br />
(completely denatured alcohol) and type b (special denatured alcohol).<br />
Type b ethyl alcohol is very common for industrial uses. Further,<br />
industrial alcohol or denatured alcohol is made by similar processes as<br />
for food-grade alcohol. Moreover, denaturing substances are further<br />
aided in industrial alcohol just to make them unfit for food. <strong>Industrial</strong><br />
alcohol is highly used in industries including petrochemical, cosmetics,<br />
pharmaceutical and chemical industries for sanitizing, cleaning and other<br />
solvent uses. Moreover, industrial alcohols are also used in different<br />
products such as cosmetics, medicines, detergents, solvents and other<br />
products in order to make them taste unpleasant.<br />
<strong>Market</strong> Size & Forecast<br />
<strong>Global</strong> industrial alcohol market is anticipated to grow at a compound<br />
annual growth rate (CAGR) of 9.9% during the forecast period i.e. 2017-<br />
<strong>2024</strong>. Additionally, global industrial alcohol market is projected to reach<br />
at a valuation of around USD 182.1 Billion by the end of forecast period<br />
Rising adoption of industrial alcohol in cosmetic, paint & art and<br />
petrochemical industries coupled with commercialization of alternative<br />
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fuels such as bioethanol and bio-butane are some of major factors which<br />
are expected to escalate the growth of global industrial alcohol market<br />
during the forecast period.<br />
In terms of region, global industrial alcohol market is segmented into<br />
five major regions including North America, Europe, Asia Pacific, Latin<br />
America and Middle East & Africa region. Further, North America<br />
region is anticipated to witness a remarkable growth during the forecast<br />
period. U.S. and Canada countries are expected to dominate the North<br />
America industrial market in near future. U.S. is the leading producer of<br />
ethanol and producing more than 50% of the global ethanol production.<br />
This growth in North America industrial alcohol market can be<br />
attributed to growing prevalence of <strong>Industrial</strong> alcohol in chemical<br />
industries and uses of ethanol as alternative fuel in this region.<br />
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Additionally, Asia Pacific region is expected to grow at maximum pace<br />
during the forecast period. Factors such as growing awareness towards<br />
greenhouse effect and additional benefits of fossil fuels coupled with<br />
existing government rule and regulations in energy sector are expected<br />
to foster the growth of industrial alcohol market in this region.<br />
Moreover, India, and China are expected to be the dominating countries<br />
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in Asia Pacific industrial alcohol market due to high adoption of<br />
industrial alcohol in end use industries in these countries.<br />
Furthermore, several government initiatives in this region in order to<br />
promote biofuels as an efficient alternative of fuels are expected to fuel<br />
the growth of industrial market in Europe region. Sweden, Germany and<br />
Spain countries are expected to be the key contributors to the growth of<br />
Europe industrial alcohol market during the forecast period.<br />
<strong>Market</strong> Segmentation<br />
Our-in depth analysis of the industrial alcohol market includes the<br />
following segments:<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
By Type<br />
Isopropyl <strong>Alcohol</strong><br />
Isobutyl <strong>Alcohol</strong><br />
Methyl <strong>Alcohol</strong><br />
Benzyl <strong>Alcohol</strong><br />
Ethyl <strong>Alcohol</strong><br />
By Source<br />
Sugar & Molasses<br />
Grains<br />
Wood Wastes<br />
Fossil Fuels<br />
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Others<br />
<br />
<br />
<br />
<br />
<br />
<br />
By End User<br />
Personal Care Industry<br />
Pharmaceutical Industry<br />
Food Industry<br />
Petrochemical Industry<br />
Chemical Industry<br />
Others<br />
<br />
By Region<br />
<strong>Global</strong> industrial alcohol market is further classified on the basis of<br />
region as follows:<br />
North America (U.S. & Canada) <strong>Market</strong> size, Y-O-Y growth &<br />
Opportunity Analysis<br />
Latin America (Brazil, Mexico, Rest of Latin America) <strong>Market</strong> size, Y-<br />
O-Y growth & Opportunity Analysis<br />
<br />
<br />
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,<br />
Netherlands & Luxembourg, Rest of Europe) <strong>Market</strong> size, Y-O-Y<br />
growth & Opportunity Analysis<br />
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand,<br />
Rest of Asia) <strong>Market</strong> size, Y-O-Y growth & Opportunity Analysis.<br />
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Middle East and Africa (GCC, North Africa, South Africa, Rest of<br />
Middle East and Africa) <strong>Market</strong> size, Y-O-Y growth & Opportunity<br />
Analysis<br />
Growth Drivers & Challenges<br />
Rising population of ethanol as an alternative for fuels in countries such as<br />
United States, Brazil and Canada is a major factor driving the growth of<br />
global industrial alcohol market. Further, increasing prevalence of<br />
industrial alcohol in end use industries such as personal care industries and<br />
chemical industries is propelling the growth of global industrial alcohol<br />
market.<br />
Moreover, government initiatives in emerging economies such as India and<br />
China for promotion of biofuels and existing rule and regulations in energy<br />
sector are some major factors which are fostering the growth of global<br />
industrial alcohol market.<br />
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Growing awareness among consumers towards greenhouse effects and<br />
hazardous effect of carbon emission on environment is fostering the<br />
demand for biofuels. Further, increasing preference of biofuels is also a<br />
reason which is likely to drive the growth of global industrial alcohol<br />
market during the forecast period. Apart from this, growing demand for<br />
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industrial alcohol in medical pharmaceutical industries for production of<br />
vaccines, syrups and other drugs is likely to propel the growth of global<br />
industrial alcohol market. Moreover, availability of feed stock such as corn,<br />
sugarcane for low cost raw material production in countries such as India,<br />
China, and Brazil is also a major factor which is driving the growth of<br />
global industrial alcohol market.<br />
However, continuous price variation with raw materials is a major factor<br />
which is expected to be hampering the growth of global industrial alcohol<br />
market during the forecast period. Additionally, lack of awareness among<br />
consumers towards uses of biofuels as fuel alternative is a major challenge<br />
which is dampening the growth of global market of industrial alcohol.<br />
<br />
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Key Players<br />
Cargill<br />
Company Overview<br />
Key Product Offerings<br />
Business Strategy<br />
SWOT Analysis<br />
Financial<br />
Raizen Energia<br />
Green Plains Inc.<br />
Cristalco<br />
The Andersons Inc.<br />
Grain Processing Corp.<br />
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Flint Hills Resources<br />
Sigma Aldrich<br />
Greenfield Specialty <strong>Alcohol</strong>s<br />
Scope & Context<br />
Overview of the Parent <strong>Market</strong><br />
Analyst View<br />
Segmentation<br />
The global industrial alcohol ventilators market is segmented as follows:<br />
<br />
<br />
<br />
<br />
By Type <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Source <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By End User <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Region <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
Geographical Economic Activity<br />
Key Players (respective SWOT Analysis) and their Strategies and<br />
Product Portfolio<br />
Industry Growth Drivers and Challenges<br />
Key Information for Players to establish themselves in current dynamic<br />
environment<br />
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http://www.researchnester.com/reports/industrial-alcohol-market-globalhistorical-growth-2012-<strong>2016</strong>-future-outlook-2017-<strong>2024</strong>-demand-analysisopportunity-evaluation/468<br />
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