The global industrial alcohol market size was US$ 124 billion in 2021. The global industrial alcohol market size is forecast to reach US$ 301 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.6% during the forecast period from 2022 to 2030.
Industrial alcohols are used in many industrial applications in the chemical, pharmaceutical, healthcare, energy, and energy-related industries. Other than for beverages, these alcohols have other uses. Additionally, having multiple functions encourages the use of more diverse end-user applications. Additionally, alcohol is the main producer and consumer of ethanol, and it is widely used as a biofuel globally. The fermentation of sugars extracted from wheat, corn, sugar beets, sugar cane, and molasses results in the production of these fuels. In addition, it is used in place of gasoline in petrol engines. In addition, alcohols, including methanol, benzyl alcohol, and isopropyl alcohol are used to make food goods, flavorings, cosmetics, and adhesives.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market. The pandemic has caused a medical emergency that has increased the demand for hand sanitizers and increased the demand for proper hygiene in healthcare facilities and public areas. These alcohols are in high demand due to the spike in demand for hand sanitizers, which is fueling market expansion. The FDA, CDC, and WHO have approved ethanol concentrations of 60 to 95 percent for use in disinfection procedures as safe and effective.
However, the pandemic has raised awareness of good safety, sanitization, and disinfection procedures. Further resulting from the rise in demand is a temporary scarcity in the supply of certain alcohol goods.
Regional Analysis
North America garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increasing use of ethanol as a transportation fuel and the rising popularity of automobiles.
The Asia Pacific region is forecast to have considerable growth during the forecast period. As a result of the rising focus on undervaluing GHG emissions globally and the region's lower oil consumption.
Leading Competitors
The leading prominent companies profiled in the global industrial alcohol market are:
Scope of the Report
The global industrial alcohol market segmentation focuses on Product, Source, Application, and Region.
Segmentation based on Product
Segmentation based on Source
Segmentation based on Application
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL INDUSTRIAL ALCOHOL MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL INDUSTRIAL ALCOHOL MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 ETHYL ALCOHOL
5.3 METHYL ALCOHOL
5.4 ISOBUTYL ALCOHOL
5.5 ISOPROPYL ALCOHOL
5.6 OTHERS
6 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY SOURCE
6.1 OVERVIEW
6.2 GRAINS
6.3 SUGAR & MOLASSES
6.4 FOSSIL FUELS
6.5 CORN
6.6 OTHERS
7 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 TRANSPORTATION FUEL & FUEL ADDITIVES
7.3 FOOD INGREDIENT
7.4 PHARMACEUTICAL
7.5 CHEMICAL INTERMEDIATES
7.6 PERSONAL CARE
7.7 DETERGENT & CLEANING CHEMICALS
7.8 OTHER APPLICATIONS
8 GLOBAL INDUSTRIAL ALCOHOL MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL INDUSTRIAL ALCOHOL MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 CARGILL
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 CRISTALCO
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 GRAIN PROCESSING CORPORATION
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 GREEN PLAINS INC.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 GREENFIELD GLOBAL INC.
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 MGP INGREDIENTS
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 RAIZEN ENERGIA
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 SIGMA-ALDRICH
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 THE ANDERSONS INC.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.10 UNIVAR SOLUTIONS
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
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