Industrial Alcohol Market Innovation Trends and Current Business Trends by 2024

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Industrial Alcohol Market Innovation Trends and
Current Business Trends by 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Industrial Alcohol Market

• Asia-Pacific is estimated to be the
  fastest-growing region for industrial alcohol
  market. In last few years, demand of industrial
  solvents in developing economies consisting of
  China, India, and Thailand increased
  substantially. The major factors that influence
  the demand in this region are availability of
  feedstock for low-cost production such as corn
  and sugarcane, government regulations in the
  energy sector, increased awareness on environment
  safety carbon emissions. Increasing number of
  production facilities is expected to drive
  regional growth of industrial alcohol market in
  forecasted time frame.
• North America chemical industry is witnessing
  rising production of industrial solvents from
  agricultural wastes and algae in countries
  including the U.S. and Canada. U.S is one of the
  worlds top ethanol producer representing more
  than 50 percent of the global production followed
  by Brazil. In last few years more than 90 percent
  of the gasoline sold in the region is blended
  with ethanol. U.S. ethanol has appeared as the
  low-cost conveyance fuel and high octane source
  in the world and major consumers of ethanol are
  Canada, Mexico, United Arab Emirates, and the
  Philippines.

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Application Analysis of Industrial Alcohol Market

• Organic solvents consisting of ethanol, methanol,
  and isobutanol are most widely used solvents in
  chemical industry after water. The feedstock
  prepared from starch and corn is low cost and
  used to meet energy requirement in various
  industries. Increasing demand for ethanol,
  followed by methanol is projected to account for
  the largest market share in industrial alcohol
  market due to their wide range of applications in
  chemical industry.
• With the increasing environmental concerns and
  stringent government regulations supporting the
  development of bioethanol in developed countries
  will further boost industrial alcohol market. As
  per the Department of Energys GREET model,
  discusses fuel production pathways from various
  energy feedstocks. The use of bioethanol
  significantly reduces greenhouse gas emissions by
  34 compared to petroleum-derived gasoline and
  without indirect emissions, average bioethanol
  decreases emissions by 44, thus will supplement
  industrial alcohol market growth

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Competitive Market Share of Industrial Alcohol
Market

• The major companies involved in industrial
  alcohol market are Cargill, Flint Hills
  Resources, Raizen Energia, Green Plains,
  Cristalco, Grain Processing Corporation, MGP
  Ingredients and Greenfield Specialty Alcohols.
  The world is waking up to the fact that
  industrial fuel including ethanol reduces air
  pollution, extends oil supplies, and provides
  cheaper sources of energy. In last few years,
  ethanol has constituted 10 gasoline supply at
  pump stations providing high octane number and
  low prices.
• The concern regarding energy security shifting
  the focus of industry on alternative fuels
  produced domestically. Applications in various
  manufacturing industries not only reduces
  reliance on oil imports but also creates more
  economic value.

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