Industrial Alcohol Market 2023: Size, Share, Segments, And Forecast 2032

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Industrial Alcohol Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Industrial Alcohol Market Definition
Industrial alcohol is employed in the production
of vaccinations, compound tonics, syrups,
tinctures, liniments, and antiseptics, as well as
medications such as chloroform, atabrine, and
barbiturates. Industrial alcohol refers to
distilled ethyl alcohol used in industrial
applications. It is majorly used as a primary raw
material in the production of chemical compounds
such as acetaldehyde, ethyl acetate, acetic acid,
and others.
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Industrial Alcohol Market Characteristics
The global industrial alcohol market size grew
from 143.77 billion in 2022 to 160.49 billion
in 2023 at a compound annual growth rate (CAGR)
of 11.6. The industrial alcohol market size is
expected to grow to 247.16 billion in 2027 at a
CAGR of 11.4.
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Key Market Drivers And Trends
Drivers
Trends
The increasing demand for biofuels among
end-users is significantly contributing to the
growth of the industrial alcohol market.
Technological advancements are the key trend
gaining popularity in the industrial alcohol
market.
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Drivers, Trends, Restraints, Strategies, And
Opportunities On The Industrial Alcohol Market
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Industrial Alcohol Global Market Segments
The report covers the industrial alcohol markets
segments-
By Processing Method


By Type
By Source
By Application
Fuel, Chemical Intermediates Solvent,
Pharmaceuticals, Personal care products, Food
Ingredients
Isopropyl Alcohol, Methyl Alcohol, Ethyl Alcohol,
Isobutyl Alcohol, Benzyl Alcohol
Fermentation, Synthetic
Molasses, Sugar, Grains, Fossil Fuels
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Major companies in the market include
Key Market Players
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1. Measure the impact of high global inflation on
   market growth
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   forecasted to 2032
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