Industrial Alcohol Market is anticipated to grow at a CAGR of 9% during 2019 to 2024

The global industrial alcohol market is projected to grow at a CAGR of 9% during 2019 to 2024. The growth of industrial alcohol market is driven by increasing demand for bio-ethanol and organic solvents and higher use of alcohol in a wide spectrum of applications.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising potential, high-growth opportunities for the global industrial alcohol market by product type (ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, and others), source (sugar and molasses, corn, grains (excluding corn), fossil fuels, and others, application (personal care product, pharmaceuticals, fuel, food ingredients (excluding beverages), chemical intermediates and solvent, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the industrial alcohol market?

Q.4 What are some changing demands of customers in the industrial alcohol market?

Q.5 What are the new developments in the industrial alcohol market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this industrial alcohol area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this industrial alcohol market? 

Download Brochure of this report by clicking on https://www.lucintel.com/industrial-alcohol-market.aspx 

Market Segmentation:

Based on product, the industrial alcohol market is segmented into ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, and others. The ethyl alcohol segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period.

North America will remain the largest region over the forecast period due to rapid growth in demand for personal care products, increase in awareness of the role of alcohol in maintaining a hygienic environment, and growth in the number of production facilities.

Key Players in the industrial alcohol market are Cargill, Raízen Energia, Green Plains, Cristalco, MGP Ingredients, The Andersons, Grain Processing Corporation, Greenfield Specialty Alcohols, Flint Hills Resources, and Sigma Aldrich.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/industrial-alcohol-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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