Non-Fuel Grade Alcohol Market – Upcoming Growth Opportunities, Revolutionary Trends & Future Benefits of Product 2023

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Non-Fuel Grade Alcohol Market Research Report -
Global Forecast till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Non-Fuel Grade Alcohol Market - 2023
Global Non-Fuel Grade Alcohol Market
Information By Type (Food Grade, Pharmaceutical
Grade, Lab Grade, Industrial Grade, Others), By
Application (Food Beverages, Pharmaceuticals,
Cosmetics Personal Care, Chemical Solvent And
Other) - Forecast Till 2023 Market research
future will be publishing a cooked research
report on global non-fuel grade alcohol market
that contains the information from 2013 to 2023.
Non-Fuel Grade alcohol market is expected to grow
at a CAGR 4.26 during forecast period
2018-2023. Market Research Future (MRFR)
recognizes the following companies as the key
players in the global Non-Fuel Grade alcohol
market that includes Archer Daniels Midland
Company, Cargill, Incorporated, Sasol, Merck
KGaA, CropEnergies AG, LyondellBasell Industries
Holdings BV, Pannonia Bio, Wilmar Bioethanol,
Godavari Biorefineries Ltd, Solvay and
others. Market Highlights The non-fuel grade
alcohol market is estimated to be valued at USD
18,001.6 million in 2018 and expected to grow at
a CAGR of 4.26 during the forecast period. The
increasing application of non-fuel-grade ethyl
alcohol in the food beverage industry and
surging demand for industrial grade ethyl alcohol
are factors expected to fuel the growth of the
global market during the forecast period.
However, the fluctuating raw material prices are
estimated to restrain the growth of the global
non-fuel-grade ethyl alcohol market.
Nevertheless, the growing use of cosmetics and
personal care products is expected to create
immense growth opportunities for the players
operating in the global market during the review
period.
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Non-Fuel Grade Alcohol Market - 2023
Segment analysis Global non-fuel grade alcohol
market has been segmented on the basis of type,
application, and region. On the basis of type,
the market has been divided into food grade,
pharmaceutical grade, lab grade, industrial
grade, others. Food-grade ethyl alcohol is the
ultra-pure grade of ethyl alcohol having a purity
of 99100 (absolute ethanol) and are used for
potable applications, such as alcoholic
beverages, aromas, and flavors. Since the
food-grade ethyl alcohol is intended for human
consumption, chemicals are permitted to be mixed
with this alcohol to maintain the highest
possible level of purity. Thus, it accounts for
largest market share of 53 in 2018. Based on
applications, the global market is segmented in
to food beverages, pharmaceuticals, cosmetics
personal care, chemical solvent and other
segments. The ethyl alcohol (food-grade) is
majorly used in the manufacturing of various
types of alcoholic beverages as an intoxicating
agent in varying amount such as Vodka (alcohol by
volume (ABV) 40-95), brandy (ABV 35-60), Gin
(ABV 36-50), rum (ABV 36-50), Whiskey (ABV
36-50), tequila (ABV 50-51), liqueurs (ABV
15), fortified wine (ABV 16-24), unfortified
wine (ABV 14-16), and beer (ABV 4-8). Besides,
food-grade ethyl alcohol is also used to extract
and concentrate flavors and aromas, which are
then used as a flavoring agent in the food
beverage industry. The growing demand for
alcoholic beverages is expected to contribute to
the growth of the segment during the forecast
period. Thus, application of Non-Fuel Grade
alcohol in food beverages industry accounted
for the largest market share of 50 in
2018. Browse Full Page _at_ https//www.marketresear
chfuture.com/reports/non-fuel-grade-alcohol-market
-7759 Regional Analysis Geographically, the
global non-fuel grade alcohol market is segmented
into Asia Pacific, Europe, North America, Latin
America, and the Middle East Africa. As per
MRFR analysis, Europe dominated the market,
accounted for the largest share of the market in
2018, and expected to grow at a CAGR of 4.24.
Europe market is followed by North America, which
is accounted for the second largest number of
shares in the global Non-Fuel Grade alcohols
market, as of 2018. Asia Pacific is estimated to
reach USD 3,939.0 million by the end of
2023. Latin America and Middle East Africa
registered considerable growth during the
forecast period of 2018-2023.
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Non-Fuel Grade Alcohol Market - 2023

• Key Findings of the Study
• The global non-fuel-grade ethyl alcohol market
  was valued at USD 18,001.6 million in 2018 and is
  projected to register a CAGR of 4.26 to reach
  around USD 22,179.2 million by the end of 2023.
• Based on type, the food grade segment held the
  largest share of 53 by value in 2018. The
  segment is expected to register a CAGR of 4.26
  during review period.
• By application, the food beverage is estimated
  to be the largest segment of the global
  non-fuel-grade ethyl alcohol market, which
  accounted for a 50 value share in 2018.
• The European market accounted for the largest
  share of above 30 in 2018.
• This research report provides the insights, on
  various levels of analyses such industry
  analysis, market share analysis leading market
  players and their profiles. This report also
  helps in studying the target segments by
  providing views on emerging high-growth
  segments and market conclusion. Together the
  market data comprise and discuss with the basic
  assessments on the competitive scenarios
  strategies, of the Global Non-Fuel Grade alcohol
  Market, including the high-growth regions and
  their political, economic and technological
  environments. Furthermore, the project report
  also provide the views over the historical market
  values as well as, pricing and cost analysis of
  the same.
• Intended Audience
• Non-Fuel Grade Alcohols manufacturers
• Suppliers and traders
• Government, associations and industrial bodies.
• Investors and Trade experts
• Consulting in chemical experts

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