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Alcohol Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2015 - 2023

Compounds having at least one hydroxyl (-OH) group attached to a single bonded alkane is referred to as alcohol. There are numerous types of alcohol being used in varied applications across industries. Some of the popular types of alcohol are ethano
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Alcohol Market - Global Industry
Analysis, Size, Share, Growth, Trends
And Forecast 2015 - 2023
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Compounds having at least one hydroxyl (-OH) group attached to a single bonded alkane is referred to as alcohol. There are
numerous types of alcohol being used in varied applications across industries. Some of the popular types of alcohol are ethanol,
methanol, butanol, pentanol, ethylene glycol, sorbitol and xylitol among many others. The market for alcohol is vast and it is
used in many applications, the most common being in alcoholic beverages, as solvents, fuel, preservatives, antifreeze and
antiseptics. Alcohol can be produced by a variety of methods including oxo processes, hydration reactions and through
biological fermentation.
Ethanol is one of the most used alcohol type in the world. The global demand for ethanol exceeds 100 billion liters of which
more than 80% are used as fuel. Ethanol is considered as renewable fuel and a potential substitute for gasoline. The wide
acceptance of ethanol fuel is the driver for this market. The demand for ethanol as fuel is particularly high in the U.S, Europe
and Brazil. The demand is expected to pick up in Asia Pacific as well. Ethanol is also used in alcoholic beverages, in
pharmaceuticals, cosmetics and other industrial applications. Ethanol is used as an antiseptic to disinfect the skin before
injections and other invasive procedures. It is also commonly used as soaps and hand sanitizers due to its volatile nature.
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Methanol is another important type of alcohol, which has witnessed extraordinary demand growth from several sectors. It is
commonly used as an intermediate to produce formaldehyde used in automotive, pharmaceutical, resins and wood industry. It is
also the intermediate chemical for other chemicals such as methyl methacrylate, methyl chloride, dimethyl terepthalate, and
acetic acid among others. Methyl methacrylate is used to manufacture LED and LCD of electronic devices and as cement in total
hip replacements and total knee replacements. Methyl chloride is primarily used to manufacture silicone which is used widely to
produce adhesives, sealants, lubricants and in certain medical applications. Dimethyl terephthalate is used to manufacture
recyclable plastic bottles and acetic acid is used in a wide array of industries such as paints and coatings, adhesives and fleece.
The methanol market is driven by the expanding horizons of its application and high growth in the end use industries. Most of
the other alcohols are used in different industries as feed stocks. Ethylene glycol finds application as antifreeze in low
temperature regions and applications.
The overall alcohol market is expected to grow at a fast pace, due to its application in so many industries in different forms. The
main opportunity lies with ethanol due to its application as automotive fuel which is expected to grow exponentially with
growing automotive industry. Alcoholic drinks are another favorable market for ethanol, as it is the main psychoactive
constituent in the beverages. The global alcoholic beverage demand has increased substantially over the past few years and is
expected to rise especially in Asia Pacific region.
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North America is the largest producer of alcohol, followed by South America, Europe and Asia Pacific. The U.S. and Brazil are the
largest producers of ethanol, which constitute the bulk of alcohol demand. Asia Pacific region however is growing rapidly both in
terms of demand and production.
Some of the key players operating in the alcohol market are Methanex Corporation, Aventine Renewable Energy-Pekin, Absolute
Energy LLC, and Glacial Lakes Energy LLC among many others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
North America
Asia Pacific
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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