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Alcohol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

  • Date Submitted: 10/04/2015 09:33 PM
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Alcohol Market - Global Industry
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Compounds having at least one hydroxyl (-OH) group attached to a single bonded alkane is referred to as alcohol. There are
numerous types of alcohol being used in varied applications across industries. Some of the popular types of alcohol are ethanol,
methanol, butanol, pentanol, ethylene glycol, sorbitol and xylitol among many others. The market for alcohol is vast and it is
used in many applications, the most common being in alcoholic beverages, as solvents, fuel, preservatives, antifreeze and
antiseptics. Alcohol can be produced by a variety of methods including oxo processes, hydration reactions and through
biological fermentation.
Ethanol is one of the most used alcohol type in the world. The global demand for ethanol exceeds 100 billion liters of which
more than 80% are used as fuel. Ethanol is considered as renewable fuel and a potential substitute for gasoline. The wide
acceptance of ethanol fuel is the driver for this market. The demand for ethanol as fuel is particularly high in the U.S, Europe
and Brazil. The demand is expected to pick up in Asia Pacific as well. Ethanol is also used in alcoholic beverages, in
pharmaceuticals, cosmetics and other industrial applications. Ethanol is used as an antiseptic to disinfect the skin before
injections and other invasive procedures. It is also commonly used as soaps and hand sanitizers due to its volatile nature....

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