Industrial Alcohol Market Worth US$ 194.7 Bn by 2022-2032 | Future Market Insights

 The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. The global market is projected to reach US$ 194.7 Bn by 2032. Denatured alcohol is used in alcohol burners and camping stoves as a solvent and a fuel. A variety of denaturing and additive methods are used in the manufacturing of denatured alcohol, which is further utilizing in a wide range of applications, particularly in the industrial sector.

The most commonly used conventional additive is 10% methanol and methyl alcohol and hence it is called methylated spirits. Some of the other important additives include isopropyl alcohol, methyl ethyl ketone, acetone, and methyl isobutyl ketone.

In the U.S., denatured alcohol mixtures with a higher percentage of methanol are sold. In contrast to the biochemistry denaturation method, ethanol molecules remain intact and are not chemically altered during the denaturation process.

Rapid expansion of the E15 and flex-fuel infrastructure is expected to be largely pushed by the U.S. Department of Agriculture’s (USDA) Higher Blends Infrastructure Incentive Program (HBIIP), which provides fuel retailers with various resources to enable true fuel choice.

Spurred by the aforementioned factors, the global industrial alcohol market is expected to showcase a CAGR of 7.6% during 2022-2032, as compared to 6.2% CAGR exhibited in 2017-2021.

 Why is the Demand for Industrial Alcohol Increasing in the U.S.?

“Denatured Ethanol Manufacturers to Use Industrial Alcohol”

The U.S. holds more than 75.7% of share in the North America industrial alcohol market, which is predicted to increase at a CAGR of around 4.2% over the forecast period. In 2021, the U.S. held the highest share of the industrial alcohol market in North America, finds FMI.

Biogenic carbon dioxide, which is one of the industry's essential co-products that typically go unnoticed, received a lot of attention in 2020. A quarter of the U.S. ethanol plants capture CO2 and use it for various applications, right from beverage carbonation and wastewater treatment to meat processing and dry ice production.

More info@https://www.futuremarketinsights.com/reports/industrial-alcohol-market

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