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<a href=” https://www.maximizemarketresearch.com/market-report/industrial-alcohol-market/13472/”> </a>Industrial Alcohol Market was valued US$ 105 Bn in 2017 and is estimated to reach US$ 200 Bn by 2026 at a CAGR of about 8 % during a forecast period. Industrial alcohols act as a reagent and solvent in various industrial applications. Industrial alcohols has gain popularity in end use industry due to its multi functionality hence driving the market. Furthermore, alcohols is used in petrol engines as a blender to gasoline. Alcohols such as methanol, benzyl alcohol, and isopropyl alcohol are also used in the production of food products, flavourings, cosmetics, and adhesives. Industrial alcohol is commonly used biofuel and is volatile, colorless, flammable liquid. Low emissions and less intoxicating effects makes it applicable to use in petrol vehicles.Based on product type industrial alcohol market is segmented into Isopropyl alcohol, Methyl alcohol, ethyl alcohol isobutyl alcohol, benzyl alcohol, and others. Ethanol is the leading segment in the industrial alcohol market followed by methanol. Methanol is used for synthesis of formaldehyde and as a fuel additive. Ethanol is used alcoholic beverages, as a fuel additive and as a solvent. Propanol, butanol and isobutyl alcohol is use as a solvent and precursor to solvents. Benzene alcohols used for plasticizers. Also other heavier alcohol find its application in detergent and pharmaceutical. Based on source industrial alcohols market is fragmented into molasses, sugar, grains, fossil fuels, and others. By source type grain segment holds the largest share. Ethanol fuel is the most common bio-fuel worldwide which is derived from grain. Lower grain prices, heavy ethanol exports, and more blending requirements has led to heighten grain segment in a industrial alcohol market. Molasses is the second largest segment of industrial alcohol by source type.

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