Industrial Alcohol Market By Type (Ethyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Methyl Alcohol, Benzyl Alcohol, Others), By Source (Sugar and Molasses, Grains (excluding Corn), Fossil Fuels, Corn, Others), By Application (Personal Care Products, Food Ingredients (excluding Beverages)

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Food and Beverage | Format: Report available in PDF / Excel Format

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Industrial Alcohol Market By Type (Ethyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Methyl Alcohol, Benzyl Alcohol, Others), By Source (Sugar and Molasses, Grains (excluding Corn), Fossil Fuels, Corn, Others), By Application (Personal Care Products, Food Ingredients (excluding Beverages)

Industrial Alcohol Market Size and Forecast

According to the new report titled " Industrial Alcohol Market By Type (Ethyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Methyl Alcohol, Benzyl Alcohol, Others), By Source (Sugar and Molasses, Grains (excluding Corn), Fossil Fuels, Corn, Others), By Application (Personal Care Products, Food Ingredients (excluding Beverages), Chemical Intermediates & Solvent, Pharmaceuticals, Fuel, Others), Global Analysis to 2023",

The valuation of the Industrial Alcohol market was $107.9 Billion in 2023 and is projected to reach $ 155.28 Billion by 2032, at a CAGR of 4.12% from 2021 to 2032.

The Industrial Alcohol Market was valued at $107.9 Billion by 2023 and expected to grow at CAGR of 4.12% over forecast period. Industrial alcohol, also known as denatured alcohol or technical-grade alcohol, refers to ethyl alcohol (ethanol) that has been rendered unfit for human consumption through the addition of denaturing agents. Denaturing agents are substances added to alcohol to make it unsuitable for drinking, typically for tax purposes or to avoid alcohol beverage regulations. Industrial alcohol is commonly used as a solvent in various industries, including paints, coatings, inks, and cleaning products.

Think of industrial alcohol as the trusty sidekick to so many everyday products, like your favorite vanilla extract or that spice mix that adds a burst of flavor to your dishes. It helps dissolve other ingredients, making sure they work together in harmony. In industries, it's a real workhorse, helping extract the tasty bits from plants like fruits, herbs, and spices, bringing us delicious flavorings and fragrances. It's also a clever solvent, able to make a whole range of products from paints to cleaning supplies. When times are good and the economy is humming along, people tend to buy more stuff, which means more factories are busy producing things. And guess what? That means more need for industrial alcohol to help make all those products possible. But it's not just about the economy. Sometimes, smart new technologies pop up that find new ways to use industrial alcohol or make it even better for those old tasks. Just think of all the exciting possibilities in the world of biofuels and eco-friendly chemistry. In those cases, the demand for industrial alcohol can really take off!

Ethyl Alcohol held the largest share in the Industrial Alcohol market

Types and Uses of Industrial Alcohol Industrial alcohol comes in different types, includingEthyl alcohol (ethanol) Isopropyl alcohol Isobutyl alcohol Methyl alcohol Benzyl alcohol Sugarcane is a major player in the industrial alcohol market, especially for producing ethanol. Ethanol's Role Ethanol is not just a popular drink; it's also a widely used solvent in industries likePharmaceuticals Cosmetics Paints Coatings Printing inks The demand for ethanol in these industries depends on how active they are. Ethanol is also a key ingredient in making chemicals like ethyl acetate, acetaldehyde, and ethylene. These are used in a variety of products, such asPlastics Resins Pharmaceuticals So, the demand for ethanol as a chemical feedstock goes hand in hand with the demand for these other products.

Ethanol is commonly used as a fuel additive, particularly in gasoline, as a means to reduce emissions and increase octane ratings. The demand for ethanol in the fuel sector depends on government regulations mandating ethanol blending, consumer preferences for cleaner fuels, and fluctuations in gasoline consumption. Ethanol is utilized in the biotechnology and pharmaceutical industries for various purposes, including the extraction of bioactive compounds from plants and as a solvent in pharmaceutical formulations. The demand for ethanol in these sectors is influenced by research and development activities, as well as the production of pharmaceuticals and biotechnological products.

Asia Pacific headed the Industrial Alcohol market in 2023

The Asia Pacific region is like a bustling factory floor for the world, with countries like China, India, and Japan leading the way in industrial growth. These countries are hungry for chemicals, plastics, and other materials that keep the wheels of industry turning. And guess what? Industrial alcohol is the secret ingredient in a lot of these products. It's like the gasoline for the chemical manufacturing process. So as these countries keep growing and building more factories, the need for industrial alcohol just keeps going up. But that's not the only reason Asia Pacific loves industrial alcohol. Ethanol, a type of industrial alcohol, is also used to mix with gasoline for cars in some countries in the region. So the more people drive, the more ethanol they need. It's like a never-ending cyclecountries grow, industry expands, chemical manufacturing booms, and the demand for industrial alcohol skyrockets.

Government mandates, incentives for renewable energy, and concerns about air pollution and carbon emissions drive the demand for ethanol in the fuel sector. The implementation of biofuel blending requirements and the expansion of ethanol production capacity contribute to the demand for industrial alcohol. The Asia Pacific region has a growing biotechnology and pharmaceutical industry, with increasing investments in research and development, drug manufacturing, and healthcare infrastructure. Ethanol is used in biotechnological processes, pharmaceutical formulations, and laboratory applications, driving demand in these sectors.

Key market players operating in the market that are profiled in the report are-

Cristalco SAS, Grain Millers Inc., Grain processing Corporation, The Andersons Inc., MGP Ingredients Incorporated, Cargill Inc., Raizen Energia, Green Plains Inc, Exxon Mobil Corporation,  Lyondell Basell Industries, Eastman Chemical Company, Dow Chemical Company, Wilmar International, Royal Dutch Shell Plc. etc.

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2021-2031
BASE YEAR

2024
FORECAST PERIOD

2024-2031
HISTORICAL PERIOD

2021-2023
UNIT

Value (USD Billion)
KEY COMPANIES PROFILED

Cargill, Raizen Energia, Cristalco, Green Plains Inc., The Andersons Inc., MGP Ingredients, Greenfield Specialty Alcohols, Grain Processing Corporation, Sigma Aldrich, and Flint Hills Resources.
SEGMENTS COVERED

Type, Source, Application, and Geography.
CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Key Players

  • Cristalco SAS
  • Grain Millers Inc.
  • Grain processing Corporation
  • The Andersons Inc.
  • MGP Ingredients Incorporated
  • Cargill Inc.
  • Raizen Energia
  • Green Plains Inc
  • Exxon Mobil Corporation
  •   Lyondell Basell Industries
  • Eastman Chemical Company
  • Dow Chemical Company
  • Wilmar International
  • Royal Dutch Shell Plc. etc.

Global Industrial Alcohol MarketSegmentation Analysis

The Global Industrial Alcohol Market is Segmented Based on Type, Source, Application, and Geography.

Industrial Alcohol Market, By Type

  • Ethanol
  • Methanol
  • Isopropanol
  • Butanol
  • Propanol
  • Pentanol
  • Hexanol

Based on Type, the market is segmented into Ethanol, Methanol, Isopropanol, Butanol, Propanol, Pentanol, and Hexanol. The largest market share in the industrial alcohol market is claimed by ethanol. This dominance is attributed to its extensive applications in biofuels, pharmaceuticals, and various industrial processes as a solvent and cleaning agent.

Industrial Alcohol Market, By Source

  • Synthetic
  • Bio-Based

Based on the Source, the market is classified into Synthetic and Bio-Based. The largest market share for industrial alcohol was held by the synthetic source. This is due to its reliance on fossil fuels, which were historically a more economical option for production.

Industrial Alcohol Market, By Application

  • Pharmaceuticals
  • Food & Beverage
  • Chemicals
  • Automotive
  • Cosmetics & Personal Care
  • Paints & Coatings
  • Cleaning Products
  • Textile Processing
  • Printing
  • Renewable Energy

Based on Application, the market is bifurcated into Pharmaceuticals, Food & Beverage, Chemicals, Automotive, Cosmetics & Personal Care, Paints & Coatings, Cleaning Products, Textile Processing, Printing, and Renewable Energy. The chemicals segment holds the highest market share, attributed to the widespread use of alcohols as solvents, intermediates in chemical reactions, and for various industrial processes.

Industrial Alcohol Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Industrial Alcohol Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region holds the highest market share. This dominance is attributed to the substantial agricultural base present in this region, which facilitates raw material production, and the ongoing industrial growth that fuels demand for industrial alcohols

Reasons to Purchase this Report

Uncover Market Gems with Our Detailed Analysis Our team has meticulously analyzed the market, considering both financial and social factors. We've segmented the market to provide insights into each segment's worth in billions of dollars. Identify Opportunities and Challenges We pinpoint the segments and regions that are poised for explosive growth and market dominance. Our geographic analysis reveals consumption patterns and factors influencing the market in different regions. Know Your Competitors We rank the key players and highlight their recent moves, including new products, partnerships, and expansions. We dig deep into their strengths and weaknesses to give you an edge over the competition. Company Spotlights Get comprehensive profiles of major players, including their history, insights, and product comparisons. Our SWOT analysis reveals their strengths, weaknesses, opportunities, and threats. Future Outlook and Trends We explore the industry's future, examining growth drivers, challenges, and recent developments. Porter's Five Forces analysis and a Value Chain assessment provide a multi-dimensional market perspective. Market Dynamics and Opportunities Our analysis identifies key market trends and growth prospects, empowering you to stay ahead of the curve. Post-Sales Support and Guidance Enjoy 6 months of expert support from our analysts to answer your questions and guide your strategic decisions.

Table of Content

1 INTRODUCTION OF GLOBAL INDUSTRIAL ALCOHOL MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL INDUSTRIAL ALCOHOL MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework

5 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY TYPE
5.1 Overview
5.2 Methyl Alcohol
5.3 Benzyl Alcohol
5.4 Ethyl Alcohol
5.5 Isobutyl Alcohol
5.6 Isopropyl Alcohol
5.7 Others

6 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY SOURCE
6.1 Overview
6.2 Sugarcane and Molasses
6.3 Grains
6.4 Corn
6.5 Fossil Fuels
6.6 Others

7 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY APPLICATION
7.1 Overview
7.2 Food Ingredients
7.3 Chemical Intermediates
7.4 Fuel
7.5 Personal Care Products
7.6 Pharmaceuticals
7.7 Others

8 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America 
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Argentina
8.6 Rest of the World

9 GLOBAL INDUSTRIAL ALCOHOL MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies

10 COMPANY PROFILES

10.1 Cargill
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments

10.2 Raizen Energia
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments

10.3 Cristalco
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments

10.4 Green Plains Inc.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments

10.5 The Andersons Inc.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments

10.6 MGP Ingredients
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments

10.7 Greenfield Specialty Alcohols
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments

10.8 Grain Processing Corporation
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments

10.9 Sigma Aldrich
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments

10.10 Flint Hills Resources
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments

11 Appendix
11.1 Related Reports

  • Cristalco SAS
  • Grain Millers Inc.
  • Grain processing Corporation
  • The Andersons Inc.
  • MGP Ingredients Incorporated
  • Cargill Inc.
  • Raizen Energia
  • Green Plains Inc
  • Exxon Mobil Corporation
  •   Lyondell Basell Industries
  • Eastman Chemical Company
  • Dow Chemical Company
  • Wilmar International
  • Royal Dutch Shell Plc. etc.

Related Reports

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