Global Industrial Alcohol Market Size, Trends, Growth, Report and Forecast 2027
Global Industrial Alcohol Market is expected to reach USD 180.95 Billion by 2027 growing at a CAGR of over 10%. The i ncreasing need for fuel grade ethanol, rising demand for ethanol and rising demand for alternate fuels drives the Industrial Alcohol Market. Based on type, the market has been segmented into Ethyl Alcohol, Isobutyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Benzyl Alcohol and Others. In 2021, ethyl alcohol dominates the market due to its multifunctional properties and applications and is expected to maintain its dominance over the next five years as well. In regions, North America dominated the market in 2021 due to growing technological advancements and growing innovations. Moreover, due to emerging markets like India, China etc. where the growth opportunities are very vast, the APAC region is expected to dominate the market during the forecast period. The top players of the industrial alcohol market include Cargill, Green Plains Inc., Raizen Energia, MGP Ingredients