The global industrial alcohol market size has emerged as a significant player in the global economy, with its market size reaching an impressive USD 151.35 billion in 2024. Driven by its extensive applications in sectors such as pharmaceuticals, biofuels, food, and cosmetics, the industry shows no signs of slowing down.
Looking ahead, the market is expected to grow at a robust CAGR of 7.9% during the forecast period of 2025-2034. This substantial growth trajectory is projected to elevate the market value to approximately USD 300.11 billion by 2034. Key factors propelling this growth include rising demand for bioethanol as a renewable energy source, expanding use in personal care products, and increasing adoption in the chemical industry.
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