DUBLIN--(BUSINESS WIRE)--The "Industrial Alcohols Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global industrial alcohols market was valued at $100,535 million in 2016, and is expected to reach $198,610 million by 2023, growing at a CAGR of 10.2% from 2016 to 2023.
Industrial alcohols are used by end users for various applications such as sanitizing, cleaning, and solvent properties. Moreover, these alcohols are required for the production of medicines, food products, flavorings agents, and cosmetics. In addition, they are used to develop vaccines, compound tonics, syrups, tinctures, liniments, and antiseptics as well as manufacturing pharmaceuticals such as chloroform, atabrine, and barbiturates.
The global market has witnessed significant growth in the recent years, owing to the rise in demand for biofuels. Moreover, surge in environmental concerns and stringent governmental regulations have fueled the development of Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation Model (GREET) model.
As per the Department of Energy's GREET model, the use of bioethanol significantly reduces greenhouse gas emissions by 34% as compared to petroleum-derived gasoline which is thereby propelling the market growth. Presently, the adoption of other alcohols, such as ethanol, methanol, and isobutanol, as solvents has increased in the chemical industry.
- Cargill Inc.
- MGP Ingredients Inc.
- Green Plains Inc.
- Birla Sugar
- Greenfield Specialty Alcohols
- Flint Hills Resources
- Sigma Aldrich
- The Andersons Inc.
- BASF SE
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Industrial Alcohols Market, By Type
5. Industrial Alcohols Market, By Application
6. Industrial Alcohols Market, By Source
7. Industrial Alcohols Market, By Processing Method
8. Industrial Alcohols Market, By Geography
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/hbppg8/global_industrial?w=4