Industrial Alcohol Market: Current Analysis and Forecast (2022-2028)

Industrial Alcohol Market: Current Analysis and Forecast (2022-2028)

Industrial alcohol is distilled ethyl alcohol, normally of high proof, produced and sold for other than beverage purposes. It is usually distributed in the form of pure ethyl alcohol, completely denatured alcohol, specially denatured alcohol, and proprietary solvent blends. The market for industrial alcohol has expanded as a result of rising alcohol consumption as a beverage and its use in a variety of foods, including cakes and other desserts. Industrial alcohol is used to process vaccines, compound tonics, syrups, tinctures, liniments, and antiseptics as well as being vital in the manufacture of pharmaceuticals such as chloroform, atabrine, and barbiturates.

The Industrial Alcohol Market is expected to grow at a steady rate of around 9.6% owing to the growing adoption of ethanol as a fuel in transportation applications. The automobile industry's expanded use of ethanol as motor fuel and decreased reliance on greenhouse gas emissions from vehicles. As a result, blended ethanol is increasingly in demand as a transportation fuel in developing nations like China, Thailand, and India, which in turn drives market expansion.

  • Based on type, the market is segmented into ethyl alcohol, methyl alcohol, isopropyl, isobutyl alcohol, and others. Ethyl alcohol held a significant share of the market in 2020. Ethyl alcohol is used in the manufacture of alcoholic beverages that drive this segment. Ethanol is used as a solvent in paints, varnishes, gums, resins, etc.
  • On the basis of sources, the market is categorized into grains, sugar & molasses, corn, fossil fuels, and others. Among these, corn held a significant share of the market in 2020. Corn is a major provider of ethanol. This is attributed to the product's high demand as a renewable source for energy production. Globally, the ethanol industry's expansion has caused a boom in corn distiller oil, which is utilized as a fuel for biodiesel or as animal feed.
  • Based on application, the industrial alcohol market has been classified into personal care, chemical intermediates, food industry, pharmaceutical, fuels, and others. The fuels held a significant market share in 2020. This is mainly due to the rapid use of fossil fuels in the growing automotive sector driving the segment. As per the U.S. Department of Energy 2022, Ethanol is a renewable fuel made from various plant materials collectively known as biomass. More than 98% of U.S. gasoline contains ethanol, typically E10 (10% ethanol, 90% gasoline), to oxygenate the fuel, which reduces air pollution.
  • For a better understanding of the market adoption of the Industrial alcohol industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. The demand for gasoline-powered automobiles has dramatically expanded in APAC regions. As compared to other fossil fuels such as diesel and gasoline made from fossil fuels. In addition, the use of bioethanol in existing gasoline cars has benefits for the environment. Additionally, bioethanol lengthens the life of the engines. Due to the rising sales of flexible fuel cars, bioethanol manufacturers have a chance to break into the regional product market.
  • Some of the major players operating in the market include Cargill Incorporated; MGP Ingredients, Inc., Green Plains Inc, Cristalco, GREENFIELD GLOBAL INC., Flint Hills Resources, Merck KGaA, The Andersons Inc, BASF SE, Raízen.


1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Industrial Alcohol Market
2.2. Research Methodology of the Industrial Alcohol Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE INDUSTRIAL ALCOHOL MARKET
6 INDUSTRIAL ALCOHOL MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
7.1. Ethyl Alcohol
7.2. Methyl Alcohol
7.3. Isopropyl Alcohol
7.4. Isobutyl Alcohol
7.5. Others
8 MARKET INSIGHTS BY SOURCE
8.1. Grains
8.2. Sugar & Molasses
8.3. Corn
8.4. Fossil Fuels
8.5. Others
9 MARKET INSIGHTS BY APPLICATION
9.1. Personal Care
9.2. Chemical Intermediates
9.3. Food Industry
9.4. Pharmaceutical
9.5. Fuels
9.6. Others
10 MARKET INSIGHTS BY REGION
10.1. North America
10.1.1. The U.S.
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe
10.2.1. Germany
10.2.2. The U.K.
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Rest of Asia-Pacific
10.4. Rest of World
11 INDUSTRIAL ALCOHOL MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 INDUSTRIAL ALCOHOL MARKET OPPORTUNITIES
13 INDUSTRIAL ALCOHOL MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
14.1. Demand Side Analysis
14.2. Supply Side Analysis
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
18.1. Competitive Landscape
18.1.1. Porters Fiver Forces Analysis
19 COMPANY PROFILED
19.1. Cargill, Incorporated
19.2. MGP Ingredients, Inc.
19.3. Green Plains Inc
19.4. Cristalco
19.5. GREENFIELD GLOBAL INC.
19.6. Flint Hills Resources
19.7. Merck KGaA
19.8. The Andersons Inc
19.9. BASF SE
19.10. Raízen
20 DISCLAIMER

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