Industrial Alcohol Market: Current Analysis and Forecast (2022-2028)
Industrial alcohol is distilled ethyl alcohol, normally of high proof, produced and sold for other than beverage purposes. It is usually distributed in the form of pure ethyl alcohol, completely denatured alcohol, specially denatured alcohol, and proprietary solvent blends. The market for industrial alcohol has expanded as a result of rising alcohol consumption as a beverage and its use in a variety of foods, including cakes and other desserts. Industrial alcohol is used to process vaccines, compound tonics, syrups, tinctures, liniments, and antiseptics as well as being vital in the manufacture of pharmaceuticals such as chloroform, atabrine, and barbiturates.
The Industrial Alcohol Market is expected to grow at a steady rate of around 9.6% owing to the growing adoption of ethanol as a fuel in transportation applications. The automobile industry's expanded use of ethanol as motor fuel and decreased reliance on greenhouse gas emissions from vehicles. As a result, blended ethanol is increasingly in demand as a transportation fuel in developing nations like China, Thailand, and India, which in turn drives market expansion.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook