Global Alcohol Market to Be Driven by Surging Demand for Ethanol and Methanol

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

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REPORT DESCRIPTION

Alcohol refers to compounds that have a minimum of one hydroxyl group that is attached a single bonded alkane. The global
alcohol market is a continuously growing one, with its increasing applications across various industries. Biological fermentation,
hydration reactions, and oxo processes are the three main methods that are used extensively in the production of alcohol.
The demand for alcoholic beverages is on the rise and is expected to surge in the years to come. The key companies operating
in the global alcohol market are Glacial Lakes Energy LLC, Absolute Energy LLC, Aventine Renewable Energy-Pekin, and
Methanex Corporation.
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Demand for Ethanol to drive the Global Alcohol Market
The global alcohol market is segmented on the basis of type of alcohols, applications, and geography. On the basis of type of
alcohol, this market is categorized into ethanol, butanol, methanol, sorbitol, xylitol, ethylene glycol, and pentanol. The market
for ethanol is by far the largest, since it is the most widely used variety of alcohol all over the world. 100 billion liters is the
global consumption of ethanol, out of which more than 80 billion liters is used as fuel. The high demand for ethanol can be
attributed to it being considered a renewable fuel...