Increasing Number of End Use Industries is Likely to Drive the Growth of Industrial Alcohol Market at a CAGR of 9.9% till 2024
The global industrial alcohol market is segmented into product type such as isopropyl alcohol, isobutyl alcohol, methyl alcohol, benzyl alcohol and ethyl alcohol. Further, ethyl alcohol segment is anticipated to experience substantial growth over the forecast period. Wide range application of ethyl alcohol in various industries such as coating industry and in production of adhesives, cosmetics, detergents, explosives, inks, hand cream, plastic and textiles are envisioned to foster the growth of market across all regions. Global industrial alcohol market is expected to register robust CAGR over the forecast period. Moreover, the global industrial alcohol market is expected to reach at notable revenue of USD 181.1 Billion by the end of 2024. The market is expected to expand on the back of growing industrialization across the globe. Further, rising utilization of industrial alcohol in end use industries such as personal care, pharmaceutical, food, petrochemical industry and chemical i...