Non-Fuel Grade Alcohol Market Size Forecast to 2027 Detailed in New Research Report

Posted July 5, 2021 by sneha12345

Non-Fuel Grade Alcohol Market Size Forecast to 2027 Detailed in New Research Report
Non-Fuel Grade Alcohol Market Size Overview:
Market research future will be publishing a cooked research report on “global Non-Fuel Grade Alcohol Market Size” that contains the information from 2013 to 2027. Non-Fuel Grade Alcohol Market Size is expected to grow at a CAGR 4.26% during forecast period 2018-2027.
Market Research Future (MRFR) recognizes the following companies as the key players in the global Non-Fuel Grade Alcohol Market Size that includes Archer Daniels Midland Company, Cargill, Incorporated, Sasol, Merck KGaA, CropEnergies AG, LyondellBasell Industries Holdings BV, Pannonia Bio, Wilmar Bioethanol, Godavari Biorefineries Ltd, Solvay and others.
The Non-Fuel Grade Alcohol Market Size is estimated to be valued at USD 18,001.6 million in 2018 and expected to grow at a CAGR of 4.26% during the forecast period. The increasing application of non-fuel-grade ethyl alcohol in the food & beverage industry and surging demand for industrial grade ethyl alcohol are factors expected to fuel the growth of the global market during the forecast period. However, the fluctuating raw material prices are estimated to restrain the growth of the global non-fuel-grade ethyl alcohol market. Nevertheless, the growing use of cosmetics and personal care products is expected to create immense growth opportunities for the players operating in the global market during the review period.

Segment analysis
Global Non-Fuel Grade Alcohol Market Size has been segmented based on type, application, and region. Based on type, the market has been divided into food grade, pharmaceutical grade, lab grade, industrial grade, others. Food-grade ethyl alcohol is the ultra-pure grade of ethyl alcohol having a purity of 99–100% (absolute ethanol) and are used for potable applications, such as alcoholic beverages, aromas, and flavors. Since the food-grade ethyl alcohol is intended for human consumption, chemicals are permitted to be mixed with this alcohol to maintain the highest possible level of purity. Thus, it accounts for largest market share of 53% in 2018.
Based on applications, the global market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care, chemical solvent and other segments. The ethyl alcohol (food-grade) is majorly used in the manufacturing of various types of alcoholic beverages as an intoxicating agent in varying amount such as Vodka (alcohol by volume (ABV) 40-95%), brandy (ABV 35-60%), Gin (ABV 36-50%), rum (ABV 36-50%), Whiskey (ABV 36-50%), tequila (ABV 50-51%), liqueurs (ABV 15%), fortified wine (ABV 16-24%), unfortified wine (ABV 14-16%), and beer (ABV 4-8%). Besides, food-grade ethyl alcohol is also used to extract and concentrate flavors and aromas, which are then used as a flavoring agent in the food & beverage industry. The growing demand for alcoholic beverages is expected to contribute to the growth of the segment during the forecast period. Thus, application of Non-Fuel Grade alcohol in food & beverages industry accounted for the largest market share of 50% in 2018.

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Regional Analysis
Geographically, the global Non-Fuel Grade Alcohol Market Size is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Europe dominated the market, accounted for the largest share of the market in 2018, and expected to grow at a CAGR of 4.24%. Europe market is followed by North America, which is accounted for the second largest number of shares in the global Non-Fuel Grade alcohols market, as of 2018. Asia Pacific is estimated to reach USD 3,939.0 million by the end of 2027.
Latin America and Middle East & Africa registered considerable growth during the forecast period of 2018-2027.
This research report provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Non-Fuel Grade Alcohol Market Size, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Issued By sneha
Country India
Categories Blogging
Last Updated July 5, 2021