The global industrial alcohol market was valued at USD 93.4 billion in 2020 and is projected to reach USD 112 billion by 2025, recording a CAGR of 3.7% during the forecast period. Growing consumer demand for petrochemicals and commercialization of alternative fuels in emerging economies such as India, China, and Brazil have fueled the market growth of industrial alcohol.

The industrial alcohol market is dominated by a few globally established players such as Sigma-Aldrich (US), Univar Solutions (US), Cargill (US), Raizen Energia (Brazil), and MGP Ingredients (US). Major players are focusing on investing in production capacity expansion, in order to meet the increased demand for industrial alcohol from chemical and fuel industries.

To know about the assumptions considered for the study download the pdf brochure: https://www.marketsandmarkets.....com/pdfdownloadNew.a