Chemicals and Materials Global Industrial Alcohol Market (2016-2024)- Rese | Page 6

Global Industrial Alcohol Market
Alcohol used in industries is denatured alcohol which is usually ethyl
alcohol (C2H5OH). This denatured alcohol is of two types: type a
(completely denatured alcohol) and type b (special denatured alcohol).
Type b ethyl alcohol is very common for industrial uses. Further,
industrial alcohol or denatured alcohol is made by similar processes as
for food-grade alcohol. Moreover, denaturing substances are further
aided in industrial alcohol just to make them unfit for food. Industrial
alcohol is highly used in industries including petrochemical, cosmetics,
pharmaceutical and chemical industries for sanitizing, cleaning and other
solvent uses. Moreover, industrial alcohols are also used in different
products such as cosmetics, medicines, detergents, solvents and other
products in order to make them taste unpleasant.
Market Size & Forecast
Global industrial alcohol market is anticipated to grow at a compound
annual growth rate (CAGR) of 9.9% during the forecast period i.e. 2017-
2024. Additionally, global industrial alcohol market is projected to reach
at a valuation of around USD 182.1 Billion by the end of forecast period
Rising adoption of industrial alcohol in cosmetic, paint & art and
petrochemical industries coupled with commercialization of alternative
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