Industrial Alcohol Market Overview:
Industrial alcohol is distilled ethyl alcohol made and sold for purposes other than human consumption. It is frequently quite powerful. It is also known as pure ethyl alcohol, totally denatured alcohol, specially denatured alcohol, and distinct solvent mixtures.
With increased petrochemical demand and the emergence of alternative fuels, the industrial alcohol market has expanded. Industrial alcohols have a wide range of applications due to their flexibility in industries such as paints and coatings, medicines, and cosmetics. Methanol, benzyl alcohol, and isopropyl alcohol are just a few examples of alcohols used in the manufacture of food, flavourings, cosmetics, and adhesives.
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COVID-19 Impact Analysis on Industrial Alcohol Market:
The COVID-19 outbreak has caused substantial changes in consumer behaviour across many areas of society. On the other hand, industries will need to modify their strategies to account for changing market supply. This report offers an overview of COVID-19’s impact on the Industrial Alcohol market and will help you build your business in accordance with the new industry standards. The results are verified through reviews and market leaders. The secondary research and analysis of the same are done using both paid and unpaid databases. Consumption in each nation by kind and supply by each player are sourced from legitimate government databases, paid databases, and, in the case of listed firms, company annual reports.
Industrial Alcohol Market Scope:
Aftermarket engineering undertook thorough primary research that included data triangulation, market breakdown, estimates, computations of market statistics, and calculations of market size in order to gather information, validate important figures, and verify the findings. To calculate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. Based on the stated market size’s % acceptance or usage in the relevant region, the global markets and their sub-segments are segmented by country. Numerous market and industry-related topics are highlighted in the research. New product launches, business expansions, partnerships, joint ventures, and acquisitions are a few examples of marketing techniques. Additionally, the key components of the market research that clearly focus on the industry landscape have all been taken into consideration when structuring this study.
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Industrial Alcohol Market Segmentation:
According to MMR, the ethyl alcohol segment will dominate the industrial alcohol market in 2021, accounting for more than 31.2% of the market. It is expected to grow at a CAGR of around 3.9% over the forecast period. Ethyl alcohol is a renewable, high-octane fuel that can be mixed with gasoline. The chemical properties of ethanol produced from a variety of sources, including maize, potatoes, wheat, barley, sugar crops, and grain sorghum, are the same, and it is available in a variety of forms. The United States is regarded as a global leader in corn-based ethanol production. Furthermore, rising sugar output in Brazil and other Asian Pacific countries, including India and Indonesia, is expected to boost global sugar production.
Industrial Alcohol Market Key Players:
The industry placed a strong emphasis on alliances, purchases, and collaborations as inorganic growth tactics. The Industrial Alcohol market’s potential for future rapid growth means that industry participants should benefit from it. The businesses listed below make up the global Industrial Alcohol market.
- 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
- Cristalco
- Greenfield Specialty Alcohols
- Flint Hills Resources
- Sigma Aldrich
- The Andersons Inc.
- BASF SE
Regional Analysis:
After examining the political, economic, social, and technological aspects influencing the Industrial Alcohol market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
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