Description
The global grain alcohol market was valued at USD 11.85 billion in 2020 and is expected to reach USD 15.81 billion with a CAGR of 4.3% during the forecast period, 2021-2027. The increasing use in the pharmaceutical and healthcare industries to sterilize medical devices, ethanol in the food and beverage industry to extend the inherent lifespan of the product are the major factors restoring the growth of the global grain alcohols market. Furthermore, the product’s widespread use as an active component in the manufacturing process of chemical intermediates, blood fractionation/plasma, vaccines, pills and tablets, antibiotics, vitamins, and a variety of other medicines among the key factors expected over the forecast period to drive the global market’s growth for Grain Alcohols.
