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Industrial Alcohol Market Innovation Trends and Current Business Trends by 2024

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Request for TOC report @ Industrial Alcohol Market size is witnessing a significant growth owing to surge in demand for petrochemicals, alternative fuels and other major applications including production of cosmetics, pharmaceuticals, paints, and coatings. Recent development of biofuels due to growing concern for energy security and demand for low-priced feedstock in chemical industry will drive of industrial alcohol market size in forecasted time frame. – PowerPoint PPT presentation

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Title: Industrial Alcohol Market Innovation Trends and Current Business Trends by 2024


1
Industrial Alcohol Market Innovation Trends and
Current Business Trends by 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
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.

3
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

4
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.

5

Browse Full Market Research Report On Industrial
Alcohol Market _at_ http//bit.ly/2sFEqqY Request
for an in-depth table of contents for this report
_at_ https//www.gminsights.com/request-toc/upcoming/
1456
6
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