Industrial Alcohol Market

1. Industrial Alcohol Market Revenue, Industry Growing Demand, Size, Share and Forecast – 2023-2029 The global industrial alcohol market is anticipated to grow at a CAGR of 6.8% during the forecast period. Cohesive government policies to promote ethanol blending with petrol are anticipated to drive the growth of the global industrial alcohol market. The government's decision to bring forward the ethanol blending target of 20% to 2025-26 from 2030 has brought additional cheer to sugar producers. India’s sugar industry had been experiencing tepid growth for years. Between FY14 and FY21, growth was just 3.6%. This situation worsened during the pandemic as demand suffered and inventory levels with sugar producers reached record highs. To achieve this 20% blending target, India needs an ethanol production capacity of over 10 billion liters. To Request a Sample of Industrial Alcohol Market https://www.omrglobal.com/request-sample/industrial-alcohol-market Apart from this, recent developments by market players are further anticipated to drive the growth of the global industrial alcohol market. For instance, in July 2020, Green Plains Inc. announced that its subsidiary, Green Plains Wood River LLC has installed a separate 25 million gallon facility engineered and constructed by ICM, Inc. to produce FCC Grade alcohol for domestic and export markets and expects to upgrade the production process to produce USP Grade alcohol over the next four to six months. At completion time, the upgrade to USP at Wood River will bring Green Plains’ total USP production capacity to approximately 75 million gallons per year. A full Report of Industrial Alcohol Market https://www.omrglobal.com/industry-reports/industrial-alcohol-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered-    By Type By Source By Application Regions Covered-      North America Europe Asia-Pacific Rest of the World Competitive Landscape- Cargill Inc., Raizen Energia, Sigma-Aldrich Inc., Univar Solutions, and MGP Ingredients among others Key questions addressed by the report          What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? How COVID-19 impacted the market? Deviation from the pre-COVID-19 forecast Most affected region and segment Who is the leader in the market? How are players addressing challenges to sustain growth? Where is the investment opportunity? Global Industrial Alcohol Market Report by Segment By Type       Ethyl Alcohol Methyl Alcohol Isopropyl Alcohol Isobutyl Alcohol Benzyl Alcohol Others By Source       Sugarcane & Bagasse Corn Grains Molasses Fossil Fuels Others

2. By Application       Fuel Chemical Intermediates & Solvents Pharmaceuticals Personal Care Products Food Others For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/industrial-alcohol-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404