Non-Fuel Grade Alcohol Market Will Generate Massive Revenue In Future
Non-grade alcohols are used in numerous industries, and innovations are being carried out for their application in the cosmetics and healthcare industry. Ethyl alcohol has found a profound place as a non-grade fuel in various sectors. Other prominent alcohols are used as non-grade alcohol in a wide range of industries like food & beverages, pharmaceuticals, chemical solvents, and many other applications. The advances in the applications of non-fuel alcohols are projected to take a swift hype in the market globally.
The non-fuel grade alcohol market is projected to grow in the forecast period owing to improvements in the excellence of non-fuel grade alcohol coupled with the rising application of ethyl alcohol in the food and beverages industry. The increasing demand for industrial-grade ethyl alcohol has boosted the growth of the non-fuel grade alcohol market. However, the fluctuations in the raw material prices, restrict the growth of the non-fuel grade alcohol market. On the other hand, innovation in the application of non-fuel grade alcohol in the cosmetics & personal care industry is likely to showcase growth opportunities for the non-fuel grade alcohol market during the forecast period.
The global non-fuel grade alcohol market is segmented on the basis of type and end-use industry. Based on type, the market is segmented as food grade, pharmaceutical grade, lab grade, industrial grade, and others. On the basis of the end-use industry, the market is segmented as food & beverages, pharmaceuticals, cosmetics & personal care, chemical solvent, and others.
The report also includes the profiles of key non-fuel grade alcohol companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key developments in the past five years.
- Archer Daniels Midland Company
- Cargill, Incorporated
- CropEnergies AG
- Godavari Biorefineries Ltd
- LyondellBasell Industries Holdings BV
- Merck KGaA
- Pannonia Bio
- Sasol
- Solvay AG
- Wilmar Bioethanol