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...