Industrial Alcohol Market Growth, Statistics, By Application, Production, Revenue and Forecast To 2029

Industrial Alcohol Market Overview:

Objective of the competitive intelligence and market study is to give comprehensive analyse of Industrial Alcohol market and industry to the users. The report has studied and analysed local, regional manufacturing dynamics, cost advantages of location, supply chain and local as well as regional market for the key players. Report has also covered the availability of supplier the cost analysis of final product manufactured with the advantages to players.

Food, medicines, home and personal care products, chemical industries, research facilities, paints, inks, adhesives and coatings, and insecticides are all examples of where alcohol is used. Despite the fact that ethyl alcohol is the most commonly used type of alcohol in these industries, methyl alcohol, sorbitol, maltitol, benzyl alcohol, and isopropyl alcohol are also used in specialised procedures. Because of its solubility, insect repellency, antibacterial nature, preservation properties, and anti-freezing capabilities, ethyl alcohol has applications in the aforementioned domains.

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Industrial Alcohol Market Scope and research methodology:

The report covers the 30 countries from all five continents. Bottom-up approach has been used to collect, analyse the data, which has helped research analyst to give micro details of the local market in the report. Even though this is global report, local level market dynamics are covered in the report. Primary and secondary, both the techniques are used to collect the data. Having said this, more focus was on secondary data base since paid, government sources are used to collect the secondary information. Company’s annual reports are used to collect the data, however, if company’s annual reports are not available, data is purchased from the different sources available in each country, that include each country’s tax department. Primary interviews are done with executives from key players, market experts and consultants in each country.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.

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Industrial Alcohol Market Segmentation:

By way of example, in 2021, transportation fuel and fuel additives dominated the industrial alcohol market, accounting for more than 26.7% of the total. MMR predicts that it will grow at a CAGR of around 4.3% over the forecast period. Growth is primarily due to the continued expansion of the automobile industry. The segment would also benefit from increased demand for gasoline-powered vehicles in Europe and Asia Pacific. The use of bioethanol in existing gasoline vehicles would benefit the environment because it produces fewer hazardous components than other fossil fuels like gasoline and diesel. Bioethanol can also extend the life of an engine. Because of increased sales of flexible fuel vehicles, bioethanol producers are expected to increase output globally.

Industrial Alcohol Market Key Players:

Due to the limitations of giving profiles of all the players, companies for profiling sections are chosen on different parameters like market leader, local leaders, innovative companies. Profiling section of the report covers the competitive benchmarking of key players by region. Benchmarking is done on market presence, dominance pricing, penetration in end use application, market share, recent expansions, M&A.

Even though all the players in the industry are not profiled, it is taken caret that while estimating market size not a single player in scope area is missed out of consideration. “Profiles of additional companies can be provided on request”, said Sr. Research Analyst at MMR.

The major players covered in the Industrial Alcohol market report are:

  • 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
  • MGP Ingredients

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

Key Questions Answered in the Industrial Alcohol Market Report are:

  • Which segment grabbed the largest share in the Industrial Alcohol market?
  • Who are the market leaders, market followers, and new entrants?
  • Strategies of market leaders in each segment with investment
  • SWOT analysis of each player
  • Region wise market structure and dynamics that impact the industry and companies
  • What was the competitive scenario of the Industrial Alcohol market in 2021?
  • Which are the key factors responsible for the Industrial Alcohol market growth?
  • Which region held the maximum share in the Industrial Alcohol market in 2021?

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 12,500 high growth opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and Communications, Mobile Device Management, Food and Beverages, Aerospace and Défense and other manufacturing sectors.

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Similar Article:

Industrial Alcohol Market: Global Industry Forecast (2022-2029)

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