DUBLIN--(BUSINESS WIRE)--The "Industrial Alcohol - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Global Industrial Alcohol Market accounted for $126.91 billion in 2017 and expected to grow at a CAGR of 9.4% to reach $286.95 billion by 2026.
Factors such as production of biofuels, demand of organic solvents, low-cost production of corn and sugarcane, alcohol leaves a smaller carbon footprint and research & development in the industrial alcohol sector will boost the market growth. However, volatility in raw material prices will hamper the market growth.
Based on Type, methanol (methyl alcohol) is majorly driven by emerging energy applications.
By Source, corn is the largest grain crop in the world. Ethanol fuel has become the most common bio-fuel worldwide which is derived mainly from corn. Lower corn prices, heavy ethanol exports, and more blending requirements makes corn consumption in ethanol production.
North America is projected to dominate the market in terms of revenue, due the ethanol blending requirement, and the biofuels volume requirement. Also, U.S. is a major exporter of ethanol.
However, Asia Pacific is expected to witness the fastest growth, during the forecast period due top resence of large number of auto mobile manufacturers. China has started to import a significant amount of ethanol. Ethylene production in Southeast Asia has improved. Taiwan, Japan and Indonesia are the major markets for industrial alcohol.
Key Topics Covered
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porter's Five Forces Analysis
5 Global Industrial Alcohol Market, By Source
6 Global Industrial Alcohol Market, By Purity
7 Global Industrial Alcohol Market, By Processing Method
8 Global Industrial Alcohol Market, By Type
9 Global Industrial Alcohol Market, By Functionality
10 Global Industrial Alcohol Market, By Application
11 Global Industrial Alcohol Market, By Geography
12 Key Developments
13 Company Profiling
- Cargill Inc.
- Razen Energia
- Green Plains Inc.
- Cristalco
- MGP Ingredients
- The Andersons Inc.
- Grain Processing Corporation
- Greenfield Specialty Alcohols
- Flint Hills Resources
- Sigma Aldrich
- BASF SE
- Eastman Chemical Company
For more information about this report visit https://www.researchandmarkets.com/research/2nl69f/global_industrial?w=4
