Global Industrial Alcohol Market: Key Highlights
Global Industrial Alcohol Market: Key Market Dynamics
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Global Industrial Alcohol Market: Regional Overview
North America is expected to account for the largest share in the global industrial alcohol market during the forecast period, owing to high demand for alcohol from major end-use industries such as automotive, personal care and pharmaceutical sectors. Moreover, favorable government schemes and projects have also driven the industrial alcohol market in the North America region. For Instance, the United States Department of Agriculture (USDA) has implemented the U.S. ethanol expansion through the agricultural sector.
Asia-Pacific is expected to grow at a higher CAGR on account of the growing demand for industrial alcohol from chemical, pharmaceutical, and other industries in the region. Moreover, available of feedstock such as corn and sugarcane, stringent regulations in the energy sector imposed by the government, increased consumer awareness on environment safety & carbon emissions, strong logistic facilities, and advanced technological developments are expected to drive the industrial alcohol market in the Asia-Pacific region.
Global Industrial Alcohol Market: Key Players Overview
Cargill, Incorporated. is a US-based company engaged in manufacturing agricultural, food/food processing, industrial, trading and financial products and services. The company operates through major business segments, i.e., animal nutrition & protein, food ingredients & bio-industrial, origination and processing, and industrial & financial services. The company has 160,00 employees across 70 countries globally. In March 2020, Cargill Incorporated has donated 100,000 litres of disinfecting alcohol to the Belgian government to produce disinfectant hand gel for the emergency services.
Raízen is a Brazil-based one of the largest integrated energy company. The company integrate all stages of the sugarcane production chain for the production of sugar, ethanol and bioenergy. Raízen distributes and market fuels to companies from various sectors of the economy and, through the license of the Shell brand.
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