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The size of the industrial alcohol market in 2022 was estimated at $103.9 billion. During the projection period (2023 - 2030), the industrial alcohol market is expected to increase in value from USD 114.9 Billion in 2023 to USD 248.9 Billion by 2030, representing a CAGR of 11.20 percent. Market expansion for industrial alcohol is being fueled by increased demand from the pharmaceutical industry and mandates for cutting emissions from the government.
The chemical, energy, pharmaceutical, and personal care industries all make use of industrial alcohols in one way or another. These alcohols have uses apart from the beverage industry. Additionally, having several uses boosts its overall uptake. Also, ethanol is used extensively as a biofuel around the world due to its status as the most widely manufactured and consumed alcohol. Sugars from wheat, corn, sugar beets, sugar cane, and molasses are fermented into these fuels. In addition, it can be utilized in gasoline engines instead of gasoline. Food, flavorings, cosmetics, and adhesives all benefit from the use of alcohols such methanol, benzyl alcohol, and isopropyl alcohol.
Industrial alcohol's rising popularity stems from the many uses it finds thanks to its antibacterial properties, soluble nature, and high octane number. The demand for industrial alcohol is growing as a result of the aforementioned causes. Ethyl, methyl, isopropyl, isobutyl, and benzyl alcohol are among the most widely used industrial alcohols. The industrial alcohol market is expanding because of rising demand for methanol and isopropanol in the personal care, automotive, and pharmaceutical sectors, among others. The research report provides an in-depth review of the worldwide market for industrial alcohol. The study delves deeply into the market's most salient aspects, examining its most salient segments, trends, drivers, restraints, competitive landscape, and so on.
Alcohols have long been utilized in both the beverage and medical industries. However, as technology has advanced, alcohol has been used to many different uses. Ethyl alcohol, one of many commercially accessible alcohols, is universally recognized and regarded as an industrial alcohol. The majority of today's manufactured ethyl alcohol is sold to the energy industry for use as a biofuel. Although ethyl alcohol is a commercially available biofuel utilized all over the world, bio-butanol development projects have gained traction and are paving the way toward commercialisation. In addition to biofuel, alcohols are used in many other industries, including those dealing with food, medicines, home and personal care goods, chemical industries, research laboratories, paints, inks, adhesives and coatings, and insecticides. While ethyl alcohol is the most common type of alcohol utilized in these fields, other types of alcohol such as methyl alcohol, sorbitol, maltitol, benzyl alcohol, and isopropyl alcohol are also put to use. Ethyl alcohol is useful in all these fields because of its versatility as a solvent, insect repellent, antibacterial, preservative, and antifreeze.
The demand for industrial alcohol has a low degree of price elasticity. As a result, when supplies are low, prices tend to rise sharply, and vice versa. Raw ingredients including sugar, corn, and wheat are crucial to the alcohol production sector. Raw material costs are affected by a number of variables, including harvest quantity, growing circumstances, and crop quality. Additionally, sugarcane, corn, and wheat, the main crops utilized in ethyl alcohol manufacturing, are vulnerable to unfavorable meteorological circumstances. The decline in environmental quality has obvious consequences for agriculture. As a consequence of all these factors, the prices of certain raw resources tend to fluctuate widely.
Since the beginning of time, alcoholic beverages and medicines have used alcoholic substances. However, as technology has advanced, alcohol has found its way into many other contexts as well. As the most extensively consumed industrial alcohol, ethyl alcohol is well-known and easily accessible to consumers everywhere. The majority of today's manufactured ethyl alcohol is sold to the petroleum industry as a biofuel. Research towards improving bio-butanol's production has also risen in prominence, opening the door to widespread use. Even though ethyl alcohol is a commercially available biofuel used all over the world, bio-butanol production has become increasingly significant.
Industrial alcohols are used as a vehicle for numerous iodine solutions, decongestants, medications, and other products in the pharmaceutical sector due to their useful properties. A wide range of pharmaceuticals, including vaccines, antibiotics, pills, Vitamins, and tablets, rely on ethanol as a solvent in their production. More and more pharmaceutical companies are teaming up with distributors of industrial alcohol to gain access to the cutting-edge technology required to manufacture pharmaceuticals, driving up demand for a wide range of products. In order to meet consumer demand, producers are investing in expanding their facilities. This bodes well for the future of the market.
Report Coverage
Global Industrial Alcohol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Alcohol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Alcohol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Alcohol market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Alcohol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Alcohol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cargill, Incorporated (U.S.), BASF SE (Germany), Raizen (Brazil), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (Netherlands), Eastman Chemical Company (U.S.), Greenfield , Inc. (Canada), MGP (U.S.), Green Plains Inc. (U.S.), and Cristalco (France), SIGMA ALDRICH, FLINT HILLS RESOURCES, BIRLA SUGAR, THE ANDERSONS INC., Univar Solutions (US), Grain Processing Corporation (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Alcohol market based on the below-mentioned segments:
Global Industrial Alcohol Market, By Type
Ethyl Alcohol
Methyl Alcohol
Isopropyl Alcohol
Global Industrial Alcohol market, By Application
Fuel
Pharmaceuticals
Personal Care Products
Chemical Intermediate & Solvent
Global Industrial Alcohol Market, By Source
Sugar & Molasses
Corn
Grains
Fossil Fuels
Global Industrial Alcohol market, Regional Analysis
The chemical, energy, pharmaceutical, and personal care industries all make use of industrial alcohols in one way or another. These alcohols have uses apart from the beverage industry. Additionally, having several uses boosts its overall uptake. Also, ethanol is used extensively as a biofuel around the world due to its status as the most widely manufactured and consumed alcohol. Sugars from wheat, corn, sugar beets, sugar cane, and molasses are fermented into these fuels. In addition, it can be utilized in gasoline engines instead of gasoline. Food, flavorings, cosmetics, and adhesives all benefit from the use of alcohols such methanol, benzyl alcohol, and isopropyl alcohol.
Industrial alcohol's rising popularity stems from the many uses it finds thanks to its antibacterial properties, soluble nature, and high octane number. The demand for industrial alcohol is growing as a result of the aforementioned causes. Ethyl, methyl, isopropyl, isobutyl, and benzyl alcohol are among the most widely used industrial alcohols. The industrial alcohol market is expanding because of rising demand for methanol and isopropanol in the personal care, automotive, and pharmaceutical sectors, among others. The research report provides an in-depth review of the worldwide market for industrial alcohol. The study delves deeply into the market's most salient aspects, examining its most salient segments, trends, drivers, restraints, competitive landscape, and so on.
Alcohols have long been utilized in both the beverage and medical industries. However, as technology has advanced, alcohol has been used to many different uses. Ethyl alcohol, one of many commercially accessible alcohols, is universally recognized and regarded as an industrial alcohol. The majority of today's manufactured ethyl alcohol is sold to the energy industry for use as a biofuel. Although ethyl alcohol is a commercially available biofuel utilized all over the world, bio-butanol development projects have gained traction and are paving the way toward commercialisation. In addition to biofuel, alcohols are used in many other industries, including those dealing with food, medicines, home and personal care goods, chemical industries, research laboratories, paints, inks, adhesives and coatings, and insecticides. While ethyl alcohol is the most common type of alcohol utilized in these fields, other types of alcohol such as methyl alcohol, sorbitol, maltitol, benzyl alcohol, and isopropyl alcohol are also put to use. Ethyl alcohol is useful in all these fields because of its versatility as a solvent, insect repellent, antibacterial, preservative, and antifreeze.
The demand for industrial alcohol has a low degree of price elasticity. As a result, when supplies are low, prices tend to rise sharply, and vice versa. Raw ingredients including sugar, corn, and wheat are crucial to the alcohol production sector. Raw material costs are affected by a number of variables, including harvest quantity, growing circumstances, and crop quality. Additionally, sugarcane, corn, and wheat, the main crops utilized in ethyl alcohol manufacturing, are vulnerable to unfavorable meteorological circumstances. The decline in environmental quality has obvious consequences for agriculture. As a consequence of all these factors, the prices of certain raw resources tend to fluctuate widely.
Since the beginning of time, alcoholic beverages and medicines have used alcoholic substances. However, as technology has advanced, alcohol has found its way into many other contexts as well. As the most extensively consumed industrial alcohol, ethyl alcohol is well-known and easily accessible to consumers everywhere. The majority of today's manufactured ethyl alcohol is sold to the petroleum industry as a biofuel. Research towards improving bio-butanol's production has also risen in prominence, opening the door to widespread use. Even though ethyl alcohol is a commercially available biofuel used all over the world, bio-butanol production has become increasingly significant.
Industrial alcohols are used as a vehicle for numerous iodine solutions, decongestants, medications, and other products in the pharmaceutical sector due to their useful properties. A wide range of pharmaceuticals, including vaccines, antibiotics, pills, Vitamins, and tablets, rely on ethanol as a solvent in their production. More and more pharmaceutical companies are teaming up with distributors of industrial alcohol to gain access to the cutting-edge technology required to manufacture pharmaceuticals, driving up demand for a wide range of products. In order to meet consumer demand, producers are investing in expanding their facilities. This bodes well for the future of the market.
Report Coverage
Global Industrial Alcohol research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Alcohol report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Alcohol competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Alcohol market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cargill, Incorporated (U.S.), BASF SE (Germany), Raizen (Brazil), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (Netherlands), Eastman Chemical Company (U.S.), Greenfield , Inc. (Canada), MGP (U.S.), Green Plains Inc. (U.S.), and Cristalco (France), SIGMA ALDRICH, FLINT HILLS RESOURCES, BIRLA SUGAR, THE ANDERSONS INC., Univar Solutions (US), Grain Processing Corporation (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Alcohol Market from 2021 to 2030.
- Market Forecast for Industrial Alcohol Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Alcohol competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Alcohol
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Alcohol market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Alcohol market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cargill, Incorporated (U.S.), BASF SE (Germany), Raizen (Brazil), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (Netherlands), Eastman Chemical Company (U.S.), Greenfield , Inc. (Canada), MGP (U.S.), Green Plains Inc. (U.S.), and Cristalco (France), SIGMA ALDRICH, FLINT HILLS RESOURCES, BIRLA SUGAR, THE ANDERSONS INC., Univar Solutions (US), Grain Processing Corporation (US).
Primary Target Market
- Market Players of Industrial Alcohol
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Alcohol market based on the below-mentioned segments:
Global Industrial Alcohol Market, By Type
Ethyl Alcohol
Methyl Alcohol
Isopropyl Alcohol
Global Industrial Alcohol market, By Application
Fuel
Pharmaceuticals
Personal Care Products
Chemical Intermediate & Solvent
Global Industrial Alcohol Market, By Source
Sugar & Molasses
Corn
Grains
Fossil Fuels
Global Industrial Alcohol market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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