Global Industrial Alcohol Market 2028 – Forecast & Projected Growth
Global Industrial Alcohol Market is expected to reach USD 180.95 Billion by 2028 growing at a CAGR of over 10%. The increasing need for fuel-grade ethanol, rising demand for ethanol, and rising demand for alternate fuels drive 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 2022, 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 2022 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 in the industrial alcohol market include Cargill, Green Plains Inc., Raizen Energi...