Industrial Alcohol Market Will Surpass $194.7 Billion By 2032, With Use Increasing In Pharmaceutical Industry – Study by Future Market Insights Inc. – GlobeNewswire | Region & Cash

NEWARK, Del, July 27, 2022 (GLOBE NEWSWIRE) — The global industrial alcohol market is expected to grow at a CAGR of 7.6% in the forecast period (2022-2032) and is expected to be assessed $194.7 billion until 2032.

Alcohol-based disinfectants are considered powerful cleaning agents that are used in a wide variety of industries to disinfect machines and systems. Increasing consumer preference for sanitizers will spur growth in the global industrial alcohol market.

The increasing use of alcohol-based disinfectants in the healthcare sector to clean medical devices is expected to drive growth due to their high effectiveness in killing a wide range of microorganisms. They are also non-toxic and easy to use, making them ideal for use in medical facilities.

Endoscope disinfection is one of the most common uses of alcohol-based disinfectants in healthcare. Cleaning and disinfecting respiratory therapy equipment, which is often contaminated with various microorganisms, is another important use of industrial alcohol. Alcohol-based disinfectants can be used to kill microorganisms and thus prevent the spread of infection.

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KEY FINDINGS: Industrial alcohol market

  • The industrial alcohol market is expected to expand at a CAGR of 7.6% over the forecast period.
  • By origin, the corn segment will dominate the market by holding out 30.2% share and is expected to grow at a CAGR of 4.2% over the forecast period.
  • Based on product type, the ethyl alcohol segment is likely to lead the industrial alcohol market by holding more than 31.2% share in 2022.
  • In terms of application, it is expected to generate the transportation fuels and fuel additives segment 26.7% share in 2022.
  • The US industrial alcohol market is currently holding more than 75.7% share in North America.

“The increasing adoption of bioethanol as a fuel for transportation around the world to reduce carbon emissions in the atmosphere and promote sustainability is likely to propel the global industrial alcohol market,” says a Future Market Insights analyst.

Competitive Landscape: Industrial Alcohol Market

Key manufacturers in the global industrial alcohol market primarily focus on research and development activities to create innovative and unique product offerings. Additionally, major players are focusing on mergers, acquisitions and joint ventures to expand their geographic footprint as well as their existing manufacturing capabilities.

  • In July 2020, Green Plains Wood River LLC, a subsidiary of Green Plains Inc., announced the installation of a separate 25 million gallon facility to manufacture Food Chemical Codex (FCC) grade alcohol for export and domestic markets. There are plans to expand the production process to produce US Pharmacopeia-grade (USP) alcohol over the next few months.

Key companies profiled in the industrial alcohol market are Cargill Inc., Archer-Daniels-Midland Company, Green Plains Inc., Grain Millers Inc., Willmar Group, MGP Ingredients, Inc., Cristalco, Royal Dutch Shell Plc, Raizen Energia, GREENFIELD SPECIALTY ALCOHOLS

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More valuable insights into the Industrial Alcohol market

Future Market Insights offers an impartial analysis of the global industrial alcohol market in its new report, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.

The study provides compelling insights based on source (bagasse and sugar cane, molasses, grain, corn, fossil fuel, other), product type (ethyl alcohol, isopropyl alcohol, isobutyl alcohol, methyl alcohol, other) (pharmaceutical, fuel and fuel). additives, chemical intermediates, food ingredients, personal care, detergents and cleaning products, others) and processing methods (fermentation, synthetic) in seven major regions of the world.

Industrial Alcohol Market Outlook by Category

By source:

  • Bagasse & Sugarcane
  • molasses
  • grains
  • Corn
  • Fossil fuels
  • Other

By product type:

  • ethyl alcohol
  • isopropyl alcohol
  • isobutyl alcohol
  • methyl alcohol
  • Other

After application:

  • pharmacy
  • Transportation fuels and fuel additives
  • Chemical Intermediates
  • food ingredient
  • personal hygiene
  • washing and cleaning chemicals
  • Other

By processing method:

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About the Food & Beverage division at Future Market Insights

Future Market Insights’ Food & Beverage team provides all the necessary insights and consultative analytics to meet the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports covering the latest food and beverage industry statistics and analysis, the team is happy to help with any business intelligence research and consulting needs.

Table of Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand-side trends

1.3. Supply-side trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Restrictions

3. Market background

3.1. market dynamics

3.1.1. driver

3.1.2. limitations

3.1.3. opportunity

3.1.4. tendencies

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Explore FMI’s extensive ongoing coverage food and beverages domain

Indian Alcohol Market Size: The Indian alcohol market is expected to grow at a CAGR of 7.4%accumulate $68 billion until the end of 2026.

Wine market share: wine market is appreciated $513.8 billion in 2022 and is expected to be achieved $846.3 billion until 2032.

Food Grade Alcohol Market Trends: Food Alcohol Market The size is estimated at US$4.0 billion in 2022 and is projected to reach US$6.0 billion by 2032

Sugar Alcohol Market Demand: The sugar alcohol market is expected to outperform a billion valuationincreasing at a steady CAGR over the forecast period of 2020 to 2030.

Grain Alcohol Market Overview: Market size for grain alcohol expected to be estimated $15.6 billion in 2022 and is poised to expand at a CAGR of 4.2% from 2022 to 2032.

Baking Powder Substitute Market Forecast: Soda Replacement Market is expected to reach a market valuation of $4.1 billion by 2022, accelerating at a CAGR of 6% in the forecast period (2022-2032)

Market Value of Frozen Pet Food: Frozen Pet Food Market is expected to reach a market valuation of $14 billion by 2022, with demand increasing at a CAGR of 5.1% over the assessment period.

Water Booster Market Analysis: water conditioner market is expected to achieve a rating of $1.6 billion by 2022, accelerating at a CAGR of 9.5% in the period 2022-2032. The market is set for reach U.S$ 4 billion in 2032.

Banana Milk Market Revenues: banana milk market is expected to reach a market valuation of $29.4 Mn in 2022, with demand increasing at a CAGR of 5.6% over the forecast period.

Fermented Food and Beverage Market Growth: Fermented Food and Beverage Market reached size $575.6 billion in 2022 and is expected to grow at a CAGR of 5.6% during the forecast period a total of around $989.2 billion until 2032.

Download a free copy of the Future Market Insights White Paper in collaboration with PBFIA on the Vegetable Market, which highlights potential opportunities and investments in the global vegetable market

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