Global Alcohol Market to Find New Growth Prospects in Extensive Use as Fuels, Solvents, and in Beverages

Transparency Market Research

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

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A new market intelligence study by Transparency Market Research presents a detailed overview of the global alcohol market.
The report is titled “Alcohol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report
studies the changing market dynamics of the alcohol industry. It offers a six-year forecast assessed on the basis of historical
figures and present statistics. Graphs, charts, tables, and statistics have been included wherever required.
Alcohol is any compound that has a minimum of one hydroxyl (-OH) group attached to a single bonded alkane. Alcohol of
various types is used across industries for various applications. The market for alcohol is driven by the high consumption of
alcoholic drinks among consumers across the globe. Apart from its use in alcoholic beverages, alcohol is used as fuel, solvents,
preservatives, antifreeze, and antiseptics.
Various methods are used to produce alcohol. They are: Oxo processes, hydration reactions, and biological fermentation. The
types of alcohol available in markets include butanol, glycol, xylitol, ethanol, methanol, pentanol, and sorbitol. Of these, ethanol
is the most used alcohol in the world, with a demand that exceeds 100 bn liters. 80% of the ethanol produced is used as fuel,
since it is considered a renewable fuel with a potential to substitute gasoline. The demand for...