Industrial Alcohol Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Industrial Alcohol Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Industrial Alcohol Market
The industrial alcohol market size was valued at USD 111.26 billion in 2019, and the market is now projected to grow to USD 241.42 billion by 2027, exhibiting a CAGR of 11.7 % during the forecast period of 2020-2027.
The pandemic has managed to a medical disaster that has forced the need for adequate hygiene and further augmented the demand for hand sanitizers to control the spread of contamination in healthcare institutions and public places. The surge in demand for hand sanitization products is prominent to high demand for these alcohols, thus, leading to market progress.
Bioethanol is frequently used as a biofuel for transportation to decrease the effects of greenhouse gases (GHG). The rising world inhabitants and the growing industrialization are prominent to high demand for energy. This has ensued in the growing cost of crude oil and natural gas over years. The growing alertness about climate change and the surging implementation of renewable resources has managed to the growth of bioethanol. Biofuels are renewable energy sources that have maintained the market demand for fuel that benefits in decreasing pollution levels across the world.
The rising concern over ecological safety and contamination has led the firms to implement greener sources for the making of ethanol. Pure ethanol is ecological and non-toxic in nature and effortlessly breaks into harmless substances when used. Chemicals are added to ethanol to produce higher quality ethanol fuel. However, the burning of ethanol fuel made from biomass such as sugarcane and corn is measured carbon-neutral since it absorbs CO2 during the piping hot process of ethanol. The use of waste for making ethanol helps in the decline of pollution within the situation. This increasing trend is anticipated to surge the demand for ethanol that is projected to lead to industrial alcohol market growth
Comprehensive Analysis of Industrial Alcohol Market
The market can be segmented in various ways, depending on the focus of analysis such as by product, by source and by application. Based on product, the market is classified into ethyl alcohol, methyl alcohol, isopropyl, isobutyl, and others. By source, the market is categorized into sugar & molasses, grains, corn, fossil fuels, and others. Based on application, the global market is segmented into personal care, chemical intermediates, food industry, pharmaceutical, fuels, and others.
North America region is dominating the industrial alcohol market share due to growing adoption of ethanol as a fuel for transportation uses.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Cargill, Incorporated (U.S.), Cristalco (France), Green Plains Inc. (U.S.), Raizen Energia (Brazil), MGP Ingredients (U.S.), Sigma Aldrich (U.S.), The Andersons Inc. (U.S.), Greenfield Specialty Alcohols (Canada), Grain Processing Corporation (U.S.), Flint Hills Resources (U.S.), Other Key Players these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In July 2021, Deepak Nitrite Limited a wholly-owned subsidiary of Deepak Phenotics Limited, extended its size of making of Isopropyl Alcohol (IPA) at its manufacturing capacity located at Dahej, Gujarat from 30,000 Tonnes Per Annum (TPA) to 60,000 TPA. The volume addition will also benefit in further decreasing dependence on imports of IPA and it will contribute towards ‘Atmanirbhar Bharat’.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion); Volume (Million Ton)
Segmentation Product; Source; Application; and Geography
By Product
Ethyl Alcohol
Methyl Alcohol
Isopropyl Alcohol
Isobutyl Alcohol
Others
By Source
Sugar & Molasses
Grains
Corn
Fossil Fuels
Others
By Application
Personal Care
Chemical Intermediates
Food Industry
Pharmaceutical
Fuels
Others
By Geography
North America (By Product, By Source, By Application and By Country)
The U.S. (By Application)
Canada (By Application)
Europe By Material, (By Product, By Source, By Application and By Country)
Germany (By Application)
UK (By Application)
France (By Application)
Spain (By Application)
Netherlands (By Application)
Rest of Europe (By Application)
Asia Pacific (By Product, By Source, By Application and By Country)
China (By Application)
India (By Application)
Japan (By Application)
Australia (By Application)
Thailand (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Product, By Source, By Application and By Country)
Brazil (By Application)
Argentina (By Application)
Rest of Latin America (By Application)
The Middle East & Africa (By Product, By Source, By Application and By Country)
The Middle East (By Application)
South Africa (By Application)
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Table of Contents
100 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights – Impact of COVID-19 on Global Industrial Alcohol Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Industrial Alcohol Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Volume/Value)
- 6.2.1.1. Ethyl Alcohol
- 6.2.1.2. Methyl Alcohol
- 6.2.1.3. Isopropyl Alcohol
- 6.2.1.4. Isobutyl Alcohol
- 6.2.1.5. Others
- 6.2.2. By Source (Volume/Value)
- 6.2.2.1. Sugar & Molasses
- 6.2.2.2. Grains
- 6.2.2.3. Corn
- 6.2.2.4. Fossil Fuels
- 6.2.2.5. Others
- 6.2.3. By Application (Volume/Value)
- 6.2.3.1. Personal Care
- 6.2.3.2. Chemical Intermediates
- 6.2.3.3. Food Industry
- 6.2.3.4. Pharmaceutical
- 6.2.3.5. Fuels
- 6.2.3.6. Others
- 6.2.4. By Region (Volume/Value)
- 6.2.4.1. North America
- 6.2.4.2. Europe
- 6.2.4.3. Asia Pacific
- 6.2.4.4. Latin America
- 6.2.4.5. Middle East & Africa
- 7. North America Industrial Alcohol Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Volume/Value)
- 7.2.1.1. Ethyl Alcohol
- 7.2.1.2. Methyl Alcohol
- 7.2.1.3. Isopropyl Alcohol
- 7.2.1.4. Isobutyl Alcohol
- 7.2.1.5. Others
- 7.2.2. By Source (Volume/Value)
- 7.2.2.1. Sugar & Molasses
- 7.2.2.2. Grains
- 7.2.2.3. Corn
- 7.2.2.4. Fossil Fuels
- 7.2.2.5. Others
- 7.2.3. By Application (Volume/Value)
- 7.2.3.1. Personal Care
- 7.2.3.2. Chemical Intermediates
- 7.2.3.3. Food Industry
- 7.2.3.4. Pharmaceutical
- 7.2.3.5. Fuels
- 7.2.3.6. Others
- 7.2.4. By Country (Volume/Value)
- 7.2.4.1. U.S.
- 7.2.4.1.1. By Application (Volume/Value)
- 7.2.4.1.1.1. Personal Care
- 7.2.4.1.1.2. Chemical Intermediates
- 7.2.4.1.1.3. Food Industry
- 7.2.4.1.1.4. Pharmaceutical
- 7.2.4.1.1.5. Fuels
- 7.2.4.1.1.6. Others
- 7.2.4.2. Canada
- 7.2.4.2.1. By Application (Volume/Value)
- 7.2.4.2.1.1. Personal Care
- 7.2.4.2.1.2. Chemical Intermediates
- 7.2.4.2.1.3. Food Industry
- 7.2.4.2.1.4. Pharmaceutical
- 7.2.4.2.1.5. Fuels
- 7.2.4.2.1.6. Others
- 8. Europe Industrial Alcohol Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type (Volume/Value)
- 8.2.1.1. Ethyl Alcohol
- 8.2.1.2. Methyl Alcohol
- 8.2.1.3. Isopropyl Alcohol
- 8.2.1.4. Isobutyl Alcohol
- 8.2.1.5. Others
- 8.2.2. By Source (Volume/Value)
- 8.2.2.1. Sugar & Molasses
- 8.2.2.2. Grains
- 8.2.2.3. Corn
- 8.2.2.4. Fossil Fuels
- 8.2.2.5. Others
- 8.2.3. By Application (Volume/Value)
- 8.2.3.1. Personal Care
- 8.2.3.2. Chemical Intermediates
- 8.2.3.3. Food Industry
- 8.2.3.4. Pharmaceutical
- 8.2.3.5. Fuels
- 8.2.3.6. Others
- 8.2.4. By Country (Volume/Value)
- 8.2.4.1. Germany
- 8.2.4.1.1. By Application (Volume/Value)
- 8.2.4.1.1.1. Personal Care
- 8.2.4.1.1.2. Chemical Intermediates
- 8.2.4.1.1.3. Food Industry
- 8.2.4.1.1.4. Pharmaceutical
- 8.2.4.1.1.5. Fuels
- 8.2.4.1.1.6. Others
- 8.2.4.2. UK
- 8.2.4.2.1. By Application (Volume/Value)
- 8.2.4.2.1.1. Personal Care
- 8.2.4.2.1.2. Chemical Intermediates
- 8.2.4.2.1.3. Food Industry
- 8.2.4.2.1.4. Pharmaceutical
- 8.2.4.2.1.5. Fuels
- 8.2.4.2.1.6. Others
- 8.2.4.3. France
- 8.2.4.3.1. By Application (Volume/Value)
- 8.2.4.3.1.1. Personal Care
- 8.2.4.3.1.2. Chemical Intermediates
- 8.2.4.3.1.3. Food Industry
- 8.2.4.3.1.4. Pharmaceutical
- 8.2.4.3.1.5. Fuels
- 8.2.4.3.1.6. Others
- 8.2.4.4. Netherlands
- 8.2.4.4.1. By Application (Volume/Value)
- 8.2.4.4.1.1. Personal Care
- 8.2.4.4.1.2. Chemical Intermediates
- 8.2.4.4.1.3. Food Industry
- 8.2.4.4.1.4. Pharmaceutical
- 8.2.4.4.1.5. Fuels
- 8.2.4.4.1.6. Others
- 8.2.4.5. Spain
- 8.2.4.5.1. By Application (Volume/Value)
- 8.2.4.5.1.1. Personal Care
- 8.2.4.5.1.2. Chemical Intermediates
- 8.2.4.5.1.3. Food Industry
- 8.2.4.5.1.4. Pharmaceutical
- 8.2.4.5.1.5. Fuels
- 8.2.4.5.1.6. Others
- 8.2.4.6. Rest of Europe
- 8.2.4.6.1. By Application (Volume/Value)
- 8.2.4.6.1.1. Personal Care
- 8.2.4.6.1.2. Chemical Intermediates
- 8.2.4.6.1.3. Food Industry
- 8.2.4.6.1.4. Pharmaceutical
- 8.2.4.6.1.5. Fuels
- 8.2.4.6.1.6. Others
- 9. Asia-Pacific Industrial Alcohol Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Volume/Value)
- 9.2.1.1. Ethyl Alcohol
- 9.2.1.2. Methyl Alcohol
- 9.2.1.3. Isopropyl Alcohol
- 9.2.1.4. Isobutyl Alcohol
- 9.2.1.5. Others
- 9.2.2. By Source (Volume/Value)
- 9.2.2.1. Sugar & Molasses
- 9.2.2.2. Grains
- 9.2.2.3. Corn
- 9.2.2.4. Fossil Fuels
- 9.2.2.5. Others
- 9.2.3. By Application (Volume/Value)
- 9.2.3.1. Personal Care
- 9.2.3.2. Chemical Intermediates
- 9.2.3.3. Food Industry
- 9.2.3.4. Pharmaceutical
- 9.2.3.5. Fuels
- 9.2.3.6. Others
- 9.2.4. By Country (Volume/Value)
- 9.2.4.1. China
- 9.2.4.1.1. By Application (Volume/Value)
- 9.2.4.1.1.1. Personal Care
- 9.2.4.1.1.2. Chemical Intermediates
- 9.2.4.1.1.3. Food Industry
- 9.2.4.1.1.4. Pharmaceutical
- 9.2.4.1.1.5. Fuels
- 9.2.4.1.1.6. Others
- 9.2.4.2. India
- 9.2.4.2.1. By Application (Volume/Value)
- 9.2.4.2.1.1. Personal Care
- 9.2.4.2.1.2. Chemical Intermediates
- 9.2.4.2.1.3. Food Industry
- 9.2.4.2.1.4. Pharmaceutical
- 9.2.4.2.1.5. Fuels
- 9.2.4.2.1.6. Others
- 9.2.4.3. Japan
- 9.2.4.3.1. By Application (Volume/Value)
- 9.2.4.3.1.1. Personal Care
- 9.2.4.3.1.2. Chemical Intermediates
- 9.2.4.3.1.3. Food Industry
- 9.2.4.3.1.4. Pharmaceutical
- 9.2.4.3.1.5. Fuels
- 9.2.4.3.1.6. Others
- 9.2.4.4. Australia
- 9.2.4.4.1. By Application (Volume/Value)
- 9.2.4.4.1.1. Personal Care
- 9.2.4.4.1.2. Chemical Intermediates
- 9.2.4.4.1.3. Food Industry
- 9.2.4.4.1.4. Pharmaceutical
- 9.2.4.4.1.5. Fuels
- 9.2.4.4.1.6. Others
- 9.2.4.5. Thailand
- 9.2.4.5.1. By Application (Volume/Value)
- 9.2.4.5.1.1. Personal Care
- 9.2.4.5.1.2. Chemical Intermediates
- 9.2.4.5.1.3. Food Industry
- 9.2.4.5.1.4. Pharmaceutical
- 9.2.4.5.1.5. Fuels
- 9.2.4.5.1.6. Others
- 9.2.4.6. Rest of Asia Pacific
- 9.2.4.6.1. By Application (Volume/Value)
- 9.2.4.6.1.1. Personal Care
- 9.2.4.6.1.2. Chemical Intermediates
- 9.2.4.6.1.3. Food Industry
- 9.2.4.6.1.4. Pharmaceutical
- 9.2.4.6.1.5. Fuels
- 9.2.4.6.1.6. Others
- 10. Latin America Industrial Alcohol Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Volume/Value)
- 10.2.1.1. Ethyl Alcohol
- 10.2.1.2. Methyl Alcohol
- 10.2.1.3. Isopropyl Alcohol
- 10.2.1.4. Isobutyl Alcohol
- 10.2.1.5. Others
- 10.2.2. By Source (Volume/Value)
- 10.2.2.1. Sugar & Molasses
- 10.2.2.2. Grains
- 10.2.2.3. Corn
- 10.2.2.4. Fossil Fuels
- 10.2.2.5. Others
- 10.2.3. By Application (Volume/Value)
- 10.2.3.1. Personal Care
- 10.2.3.2. Chemical Intermediates
- 10.2.3.3. Food Industry
- 10.2.3.4. Pharmaceutical
- 10.2.3.5. Fuels
- 10.2.3.6. Others
- 10.2.4. By Country (Volume/Value)
- 10.2.4.1. Brazil
- 10.2.4.1.1. By Application (Volume/Value)
- 10.2.4.1.1.1. Personal Care
- 10.2.4.1.1.2. Chemical Intermediates
- 10.2.4.1.1.3. Food Industry
- 10.2.4.1.1.4. Pharmaceutical
- 10.2.4.1.1.5. Fuels
- 10.2.4.1.1.6. Others
- 10.2.4.2. Argentina
- 10.2.4.2.1. By Application (Volume/Value)
- 10.2.4.2.1.1. Personal Care
- 10.2.4.2.1.2. Chemical Intermediates
- 10.2.4.2.1.3. Food Industry
- 10.2.4.2.1.4. Pharmaceutical
- 10.2.4.2.1.5. Fuels
- 10.2.4.2.1.6. Others
- 10.2.4.3. Latin America
- 10.2.4.3.1. By Application (Volume/Value)
- 10.2.4.3.1.1. Personal Care
- 10.2.4.3.1.2. Chemical Intermediates
- 10.2.4.3.1.3. Food Industry
- 10.2.4.3.1.4. Pharmaceutical
- 10.2.4.3.1.5. Fuels
- 10.2.4.3.1.6. Others
- 11. Middle East & Africa Industrial Alcohol Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Type (Volume/Value)
- 11.2.1.1. Ethyl Alcohol
- 11.2.1.2. Methyl Alcohol
- 11.2.1.3. Isopropyl Alcohol
- 11.2.1.4. Isobutyl Alcohol
- 11.2.1.5. Others
- 11.2.2. By Source (Volume/Value)
- 11.2.2.1. Sugar & Molasses
- 11.2.2.2. Grains
- 11.2.2.3. Corn
- 11.2.2.4. Fossil Fuels
- 11.2.2.5. Others
- 11.2.3. By Application (Volume/Value)
- 11.2.3.1. Personal Care
- 11.2.3.2. Chemical Intermediates
- 11.2.3.3. Food Industry
- 11.2.3.4. Pharmaceutical
- 11.2.3.5. Fuels
- 11.2.3.6. Others
- 11.2.4. By Country (Volume/Value)
- 11.2.4.1. South Africa
- 11.2.4.1.1. By Application (Volume/Value)
- 11.2.4.1.1.1. Personal Care
- 11.2.4.1.1.2. Chemical Intermediates
- 11.2.4.1.1.3. Food Industry
- 11.2.4.1.1.4. Pharmaceutical
- 11.2.4.1.1.5. Fuels
- 11.2.4.1.1.6. Others
- 11.2.4.2. Rest of Middle East & Africa
- 11.2.4.2.1. By Application (Volume/Value)
- 11.2.4.2.1.1. Personal Care
- 11.2.4.2.1.2. Chemical Intermediates
- 11.2.4.2.1.3. Food Industry
- 11.2.4.2.1.4. Pharmaceutical
- 11.2.4.2.1.5. Fuels
- 11.2.4.2.1.6. Others
- 12. Competitive Matrix
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Industrial Alcohol Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 13. Company Profiles
- 13.1. Cargill, Incorporated (U.S.)
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. Cristalco (France)
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. Green Plains Inc. (U.S.)
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Raizen Energia (Brazil)
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. MGP Ingredients (U.S.)
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. Sigma Aldrich (U.S.)
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. The Andersons Inc. (U.S.)
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7.5. Recent Developments
- 13.8. Greenfield Specialty Alcohols (Canada)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8.5. Recent Developments
- 13.9. Grain Processing Corporation (U.S.)
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9.5. Recent Developments
- 13.10. Flint Hills Resources (U.S.)
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10.5. Recent Developments
- 13.11. Other Key Players
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Product Portfolio
- 13.11.4. Financials (Data as available in public domain and/or on paid databases)
- 13.11.5. Recent Developments
- 14. Appendix
Pricing
Currency Rates
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