Global Industrial Alcohol Market Size Study, by Source (Corn, Fossil Fuels, Grains, Molasses, Sugarcane & Bagasse), by Purity (Denatured Alcohol, Undenatured Alcohol), by Grade (Grade 1, Grade 2, Special Grade), by Functionality (Antifreeze, Antimicrobial

Global Industrial Alcohol Market Size Study, by Source (Corn, Fossil Fuels, Grains, Molasses, Sugarcane & Bagasse), by Purity (Denatured Alcohol, Undenatured Alcohol), by Grade (Grade 1, Grade 2, Special Grade), by Functionality (Antifreeze, Antimicrobial Activity, Flammability & Volatility, Fragrant/Flavoring Agents, Solubility), by Process Technology (Fermentation Method, Synthetic Method), by Type (Primary Alcohols, Secondary Alcohols, Tertiary Alcohols), by Application (Chemical Intermediates & Solvents, Food, Fuel, Personal Care Products, Pharmaceuticals), and Regional Forecasts 2022-2032

Global Industrial Alcohol Market is valued at approximately USD 140.1 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2024-2032. Industrial alcohol, a versatile ethanol-based product, finds its utilization across various non-beverage applications, from pharmaceuticals to fuels and solvents. This form of alcohol is denatured to prevent consumption, differentiating it from beverage-grade ethanol. The burgeoning demand for industrial alcohol is propelled by the rise in biofuel adoption driven by environmental concerns, the expansion of the pharmaceutical and personal care industries, and the increasing need for solvents in the chemical and paint manufacturing sectors. Nonetheless, sustainability issues surrounding crop-based ethanol production and its competition with food supply present considerable challenges. Furthermore, the flammability and health risks associated with industrial alcohol necessitate stringent handling and storage protocols.

Corn and sugarcane-based industrial alcohol dominate due to their renewable nature. Corn is extensively used for ethanol production, primarily as a biofuel additive and in chemical feedstocks, bolstered by global renewable fuel standards and emission reduction policies. Sugarcane, especially in Brazil, serves as a vital raw material for ethanol production. Additionally, bagasse, a by-product of sugarcane processing, is utilized for bioenergy and bioethanol, offering a sustainable alternative to fossil fuels.

The Industrial Alcohol Market spans various applications, including the production of chemical intermediates and solvents. In the food industry, industrial alcohol acts as a preservative and flavoring agent, requiring high purity standards. As a fuel additive, ethanol enhances combustion efficiency and reduces emissions, particularly when derived from renewable sources like corn and sugarcane. In personal care products, industrial alcohols are valued for their antiseptic and astringent properties, essential in perfumes, lotions, and cosmetics. The pharmaceutical sector utilizes industrial alcohols for medication formulation, sterilization, and as solvents, adhering to strict purity and regulatory standards.

The key regions considered for the Global Industrial Alcohol Market Market study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Industrial Alcohol Market in the Americas, particularly the United States, is robust, driven by significant consumption in pharmaceuticals, fuels, and personal care industries. Advanced production technologies and large-scale facilities support high output, with corn as a primary feedstock. In the APAC region, the market thrives at a fastest rate due to increasing demand in countries like China and India, heavily relying on industrial alcohol for chemicals, pharmaceuticals, and food industries.

Major market players included in this report are:

Archer-Daniels-Midland Company

Barentz BV

BASF SE

Birla Sugar Ltd.

Brenntag SE

Bunge North America Inc.

Cargill, Inc.

Cristalco SAS

Distillerie Mazzari S.p.A.

Eastman Chemical Company

Ecolab Inc.

Exxon Mobil Corporation

Grain Processing Corporation

Green Plains Inc.

Greenfield Global, Inc.

The detailed segments and sub-segment of the market are explained below:

By Source:

Corn

Fossil Fuels

Grains

Molasses

Sugarcane & Bagasse

By Purity:

Denatured Alcohol

Undenatured Alcohol

By Grade:

Grade 1

Grade 2

Special Grade

By Functionality:

Antifreeze

Antimicrobial Activity

Flammability & Volatility

Fragrant/Flavoring Agents

Solubility

By Process Technology:

Fermentation Method

Synthetic Method

By Type:

Primary Alcohols

Secondary Alcohols

Tertiary Alcohols

By Application:

Chemical Intermediates & Solvents

Food

Fuel

Personal Care Products

Pharmaceuticals

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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