Global Alcohol Market to Find New Growth Prospects in Extensive Use as Fuels, Solvents, and in Beverages

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Alcohol Market - Global Industry
Analysis, Size, Share, Growth, Trends
And Forecast 2015 - 2023
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REPORT DESCRIPTION
A new market intelligence study by Transparency Market Research presents a detailed overview of the global alcohol market.
The report is titled “Alcohol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report
studies the changing market dynamics of the alcohol industry. It offers a six-year forecast assessed on the basis of historical
figures and present statistics. Graphs, charts, tables, and statistics have been included wherever required.
Alcohol is any compound that has a minimum of one hydroxyl (-OH) group attached to a single bonded alkane. Alcohol of
various types is used across industries for various applications. The market for alcohol is driven by the high consumption of
alcoholic drinks among consumers across the globe. Apart from its use in alcoholic beverages, alcohol is used as fuel, solvents,
preservatives, antifreeze, and antiseptics.
Various methods are used to produce alcohol. They are: Oxo processes, hydration reactions, and biological fermentation. The
types of alcohol available in markets include butanol, glycol, xylitol, ethanol, methanol, pentanol, and sorbitol. Of these, ethanol
is the most used alcohol in the world, with a demand that exceeds 100 bn liters. 80% of the ethanol produced is used as fuel,
since it is considered a renewable fuel with a potential to substitute gasoline. The demand for ethanol is particularly high in
Brazil, Europe, and the U.S. The demand for ethanol is also expected to pick up in Asia Pacific in the future. Apart from fuel,
ethanol is used as an antiseptic, in alcoholic beverages, in pharmaceuticals, and also in cosmetics. The use of ethanol to
disinfect the skin before injections and other invasive procedures is also common. Furthermore, ethanol is used in hand
sanitizers and soaps, thus driving their demand.
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Methanol is another alcohol type that has witnessed growth. Methanol is used as an intermediate chemical to produce
formaldehyde, which is used in the pharmaceuticals, resins, wood, and automotive industry. The methanol market is driven by
the expanding horizons of its application and growth in the end use industries.
The overall alcohol market is expected to grow rapidly due to the expanding applications in various industries. The biggest
growth opportunity lies in the use of ethanol as automotive fuel, which is expected to grow exponentially, thus driving the global
alcohol market.
The report segments the global alcohol market on the basis of geography into Asia Pacific, North America, Europe, Latin
America, and the Middle East and Africa. North America is the largest producer of alcohol. The alcohol market in Asia Pacific is
expected to grow rapidly in the future both in terms of demand and production.
The key players operating in the global alcohol market have been studied in the report. They are: Absolute Energy LLC,
Methanex Corporation, Glacial Lakes Energy LLC, and Aventine Renewable Energy-Pekin.
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A new market intelligence study by Transparency Market Research presents a detailed overview of the global alcohol market. The report is titled “Alcohol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report studies the changing market dynamics of the alcohol industry. It offers a six-year forecast assessed on the basis of historical figures and present statistics. Graphs, charts, tables, and statistics have been included wherever required. Browse Full Report with TOC:http://www.transparencymarketresearch.com/alcohol-market.html