Industrial Alcohols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Industrial Alcohols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global industrial alcohols market reached a value of US$ 125 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 199.5 Billion by 2027, exhibiting at a CAGR of 8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Industrial alcohols are derived by blending and modifying chemicals with natural gas and petroleum products. They usually vary from pure ethyl alcohol to isopropanol, methanol, and glycerol. Amongst these, ethyl alcohol is employed in the food and beverage (F&B) industry to produce alcoholic beverages as it is volatile, flammable, clear, and colorless with a characteristic odor. In addition, isopropanol is widely used in hand wipes, disinfectants, hand sanitizers, and spray-in-air or ultrasonic products on account of its anti-bacterial properties. Nowadays, several manufacturers are introducing a range of consistent, high-quality, non-genetically modified organisms (GMO), organic, and other specialty alcohols.

Industrial Alcohols Market Trends:
The outbreak of coronavirus disease (COVID-19) and the surging need for surface disinfectants in hospitals, medical centers, and public places are positively influencing the demand for industrial alcohols across the globe. It can also be attributed to the widespread use of hand sanitizers to prevent the spread of the pandemic. Moreover, they are employed in the pharmaceutical industry as a carrier for medicinal drugs, such as cough preparations, iodine solutions, decongestants, and antibiotics. This, coupled with the growing prevalence of chronic diseases, is catalyzing the demand for medicines and industrial alcohols. Apart from this, industrial alcohols play a significant role in manufacturing flavors and extracts, food dyes, candy glazes, yeast, sprays, and animal feed supplements. Therefore, the emerging trend of convenience and packaged food products is driving the market. In addition, they are utilized in the formulation of deodorants, perfumes, colognes, lotions, mouthwashes, soaps, and shampoos. This, in confluence with the increasing focus on personal health and hygiene, is expanding the application of industrial alcohols in the personal care industry worldwide.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial alcohols market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, source, purity, processing method and application.

Breakup by Type:

Isopropyl Alcohol
Methyl Alcohol
Ethyl Alcohol
Isobutyl Alcohol
Benzyl Alcohol

Breakup by Source:

Sugarcane and Bagasse
Fossil Fuels

Breakup by Purity:

Denatured Alcohol
Undenatured Alcohol

Breakup by Processing Method:


Breakup by Application:

Food Ingredient
Transportation Fuel and Fuel Additives
Chemical Intermediates
Personal Care
Detergent and Cleaning Chemicals

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cargill Incorporated, Dow Inc., Eastman Chemical Company, Exxon Mobil Corporation, Flint Hills Resources (Koch Industries Inc.), Grain Processing Corporation (Kent Corporation), Green Plains inc., Greenfield Global Inc., Merck KGaA, MGP Ingredients Inc., Univar Solutions Inc. and Wilmar International Inc. Key Questions Answered in This Report:
How has the global industrial alcohols market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global industrial alcohols market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the source?
What is the breakup of the market based on the purity?
What is the breakup of the market based on the processing method?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global industrial alcohols market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Alcohols Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Isopropyl Alcohol
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Methyl Alcohol
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Ethyl Alcohol
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Isobutyl Alcohol
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Benzyl Alcohol
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Source
7.1 Sugarcane and Bagasse
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Corn
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Grains
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Molasses
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Fossil Fuels
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Purity
8.1 Denatured Alcohol
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Undenatured Alcohol
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Processing Method
9.1 Fermentation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Synthetic
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1 Food Ingredient
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Transportation Fuel and Fuel Additives
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Chemical Intermediates
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Pharmaceutical
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Personal Care
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Detergent and Cleaning Chemicals
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States Market Trends Market Forecast
11.1.2 Canada Market Trends Market Forecast
11.2 Asia-Pacific
11.2.1 China Market Trends Market Forecast
11.2.2 Japan Market Trends Market Forecast
11.2.3 India Market Trends Market Forecast
11.2.4 South Korea Market Trends Market Forecast
11.2.5 Australia Market Trends Market Forecast
11.2.6 Indonesia Market Trends Market Forecast
11.2.7 Others Market Trends Market Forecast
11.3 Europe
11.3.1 Germany Market Trends Market Forecast
11.3.2 France Market Trends Market Forecast
11.3.3 United Kingdom Market Trends Market Forecast
11.3.4 Italy Market Trends Market Forecast
11.3.5 Spain Market Trends Market Forecast
11.3.6 Russia Market Trends Market Forecast
11.3.7 Others Market Trends Market Forecast
11.4 Latin America
11.4.1 Brazil Market Trends Market Forecast
11.4.2 Mexico Market Trends Market Forecast
11.4.3 Others Market Trends Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Cargill Incorporated Company Overview Product Portfolio SWOT Analysis
16.3.2 Dow Inc. Company Overview Product Portfolio Financials SWOT Analysis
16.3.3 Eastman Chemical Company Company Overview Product Portfolio Financials SWOT Analysis
16.3.4 Exxon Mobil Corporation Company Overview Product Portfolio Financials SWOT Analysis
16.3.5 Flint Hills Resources (Koch Industries Inc.) Company Overview Product Portfolio SWOT Analysis
16.3.6 Grain Processing Corporation (Kent Corporation) Company Overview Product Portfolio
16.3.7 Green Plains inc. Company Overview Product Portfolio Financials SWOT Analysis
16.3.8 Greenfield Global Inc. Company Overview Product Portfolio
16.3.9 Merck KGaA Company Overview Product Portfolio Financials SWOT Analysis
16.3.10 MGP Ingredients Inc. Company Overview Product Portfolio Financials SWOT Analysis
16.3.11 Univar Solutions Inc. Company Overview Product Portfolio Financials SWOT Analysis
16.3.12 Wilmar International Inc. Company Overview Product Portfolio Financials SWOT Analysis

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