The Industrial Alcohol Market is expected to grow at a CAGR of ~9.5% over the forecast period 2021-2027. The report study provides an overview of current statistics and future predictions of this Market.
The industrial alcohol market is estimated to be valued at USD 113.26 billion in 2017 and is projected to grow at a CAGR of 9.8% to reach USD 180.83 billion by 2022.
Global Industrial Alcohol Market Information: By Source, Type, Application (Fuel, Pharmaceuticals, Personal Care Products, Chemical Intermediate & Solvent), And Region- Forecast Till 2023
The rising population, growing awareness about the importance of biofuel for environmental safety, and increased applications of industrial alcohol are the factors driving the growth of this market.
Industrial Alcohol Market By Type ( Methyl Alcohol, Benzyl Alcohol, Ethyl Alcohol ) By Source ( Fossil Fuels, Others ) By End Use ( Food Industry, Petrochemical Industry, Chemical Industry, Others ) and Region - Global Forecast to 2024
The industrial alcohol market is projected to grow at a CAGR of 9.8%, in terms of value, from 2017 to reach a projected value of USD 180.83 Billion by 2022.