Industrial Alcohol Market size is expected to Reach USD 291.17 Bn By 2029

Industrial Alcohol Market

Industrial Alcohol Market was valued at USD 167.71 Bn in 2022, and it is expected to reach USD 291.17 Billion by 2029, exhibiting a CAGR of 8.2 % during the forecast period (2023-2029)

Industrial Alcohol Market Overview: 

The Industrial Alcohol Market research study investigates and analyses the market’s position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market dominance, important segments, and geographic analysis. The study also examines noteworthy personalities, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.

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Industrial Alcohol Market Scope:

We looked at the Industrial Alcohol Market from every perspective possible, using both primary and secondary research methods. This increased our understanding of current market dynamics such supply-demand imbalances, pricing trends, product preferences, and customer behaviour. The data is then compiled and assessed using a range of market estimates and data validation processes. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2027.

Industrial Alcohol Market Segmentation: 

According to the survey, the corn segment, which accounted for more than 30.2% of the market, would lead the industrial alcohol market in 2022. It is predicted that throughout the forecast period it would grow at a CAGR of about 4.2%. The expansion of the global ethanol market is anticipated to increase demand for distillers’ grains and corn gluten meal. These are most likely to be utilized as animal feedstock or as a biodiesel feedstock.

According to MMR, the industrial alcohol market is anticipated to be dominated by the ethyl alcohol segment, which is likely to account for more than 31.2% of the market in 2022. It is predicted that throughout the forecast period it would grow at a CAGR of about 3.9%. A renewable fuel with a high octane rating is ethanol alcohol, which can be blended with gasoline. The chemical properties of ethanol, which is available in a number of forms, are the same whether it is made from maize, potatoes, wheat, barley, sugar crops, or grain sorghum. The US is considered as a world leader in the manufacture of ethanol made from corn. Additionally, it is anticipated that increasing sugar production in Brazil and other nations of the Asia-Pacific, such as India and Indonesia.

Through application, With more than 26.7% of the market, the transportation fuel and fuel additives segment dominated the industrial alcohol market in 2022. It will expand at a CAGR of about 4.3% during the predicted period, according to MMR. Growth is mostly influenced by the auto industry’s ongoing expansion. The segment would also profit from the increase in demand for gasoline-powered cars in Asia Pacific and Europe. Since bioethanol produces less toxic byproducts than other fossil fuels like gasoline and diesel, using it in today’s gasoline vehicles would benefit the environment. Bioethanol can also lengthen the life of an engine. Global production of bioethanol is expected to rise as flexible fuel vehicles become more popular.

1. Global Industrial Alcohol Market Size, by Source (2022-2029)
• Bagasse & Sugarcane
• Molasses
• Grains
• Corn
• Fossil Fuels
• Others
2. Global Industrial Alcohol Market Size, by Product Type (2022-2029)
• Ethyl Alcohol
• Isopropyl Alcohol
• Isobutyl Alcohol
• Methyl Alcohol
• Others
3. Global Industrial Alcohol Market Size, by Application (2022-2029)
• Pharmaceutical
• Transportation Fuel & Fuel Additives
• Chemical Intermediates
• Food Ingredient
• Personal Care
• Detergent & Cleaning Chemicals
• Others

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Industrial Alcohol Market Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research is utilized to calculate market revenue. In-depth interviews with important thought leaders and industry specialists such as experienced front-line staff, CEOs, and marketing professionals were conducted as part of the core research. Primary research comprised in-depth interviews with prominent thought leaders and industry specialists, such as experienced front-line staff, CEOs, and marketing professionals, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to historical data. The players highlighted in this report are as follows:

1. Exxon Mobil Corporation (US)
2. Royal Dutch Shell Plc (UK)
3. Eastman Chemical Company (US)
4. Grain Processing Corporation (US)
5. Cargill Inc. (US)
6. MGP Ingredients Inc. (US)
7. Green Plains Inc. (US)
8. MGP Ingredients (US)
9. The Andersons, Inc (US)
10.The Andersons Inc. (US)
11.Greenfield Specialty Alcohols (Canada)
12.Logen Corporation (Canada)
13.Sigma Aldrich-Merck Group (Germany)
14.BASF SE (Germany)
15.Lanxess AG (Germany)
16.Nordzucker AG (Germany)
17.Cristalco (France)
18.Birla Sugar (India)
19.India Glycols Ltd. (India)
20.Dalmia Bharat Group (India)
21.HPCL Biofuels Limited (India)
22.Praj Industries Ltd. (India)
23.Wilmar International (Singapore)
24.Sasol Limited (South Africa)
25.Raizen Energia (Brazil)

Regional Analysis:

The study takes an in-depth look at the local industry, using both qualitative and quantitative data. It gives a segment-by-segment overview and forecast of the worldwide Industrial Alcohol market. It also offers market size and forecast estimates for five major regions, including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, from 2021 to 2027. Each area’s Industrial Alcohol market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.

COVID-19 Impact Analysis on Industrial Alcohol Market:

We thoroughly researched and analyzed the Global Industrial Alcohol Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the potential of the global Industrial Alcohol industry, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The major purpose of the research is to offer industrial businesses a strategic analysis of COVID-19’s influence. Simultaneously, this investigation looked into the markets of major countries and highlighted their market potential.

Key Questions Answered in the Industrial Alcohol Market Report are:

  • What are the most promising high-growth opportunities in the global Industrial Alcohol sector, as defined by product category, End User, and Region?
  • Which Industrial Alcohol market segments will expand the fastest, and why?
  • Which areas will expand the fastest, and why?
  • What are the primary elements influencing Industrial Alcohol market dynamics? What are the primary drivers and obstacles in the Industrial Alcohol market?
  • What are the Industrial Alcohol market’s business risks and dangers?

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