Industrial Alcohol Market Analysis Additives Market Size, Share and Forecast by Type , Application
Industrial Alcohol Market Analysis is projected to be worth USD 240.23 Billion by 2027, registering a CAGR of 10.2% during the forecast period (2021–2027). Industrial alcohol experiences high demand from diverse industries such as automotive, chemical, pharmaceutical, and others since it has multiple advantages. Industrial alcohol can be used as an antimicrobial agent, solvent, and as biofuel which supports the growth of the industrial alcohol market. Industrial alcohol is used for a broad spectrum of uses. Stringent emission norms and regulations mandating the use of ethyl alcohol as a biofuel blend with petroleum fuels have spurred the growth of the global industrial alcohol market. Owing to raising awareness regarding greenhouse gas emissions, ethyl alcohol is gaining prominence as a biofuel as they are cleaner-burning fuel than diesel and pure gasoline. Industrial alcohols are also used in the food & beverage industries too. In the pharmaceutical industry, industrial alcohol i