Alcohol Market to Be driven by Expanding End-use Industries & High Demand for Ethanol: Transparency Market Research
By Business Wire News
By Business Wire News
The report, titled “Alcohol Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”, published by Transparency Market Research provides a detailed overview of the global alcohol market. The report states that the market, featuring the numerous compounds having at least one hydroxyl group attached to a group of single bonded alkane, is a continuously expanding market due to the rising application of alcohols across a number of industries.
The report states that the high demand for ethanol from a variety of application areas in industries such as alcoholic beverages, pharmaceuticals, and cosmetics is the key factor driving the global alcohol market. High demand for methanol from industries such as paints and coatings, fleece, and adhesives also boosts the global alcohol market. Many other types of alcoholic substances such as dimethyl terephthalate, acetic acid, and methyl chloride find application in a number of industrial manufacturing processes.
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The report segments the global alcohol market on the basis of three criteria: type of alcohol, geography, and application. On the basis of product type, the market is segmented into ethanol, methanol, xylitol, butanol, sorbitol, pentanol, and ethylene glycol. On the basis of application, the market is segmented into antifreeze, antiseptics, fuels, preservatives, alcoholic beverages, and solvents. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. As a fuel, ethanol is consumed the most in Europe, the U.S., and Brazil.
The report also analyzes the competitive landscape of the global alcohol market. Profiles of some of the key businesses in the market, including Methanex Corporation, Glacial Lakes Energy LLC, Aventine Renewable Energy-Pekin, and Absolute Energy LLC, are discussed along with details such as key developments observed in recent times.
Transparency Market Research is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.