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Industrial Alcohol Market research report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. Industrial Alcohol business report showcases an overall mapping of the industry vendors and the analysis of the competitive landscape.
Data Bridge Market Research analyses that the industrial alcohol market is expected to undergo a CAGR of 8.80% during the forecast period. This indicates that the market value, which was USD 156.02 billion in 2021, would rocket up to USD 306.35 billion by 2029.
Market Overview:
Industrial alcohol is mainly ethanol, called ethyl alcohol. It is a colourless, volatile, flammable liquid, and widely used biofuel in the globe. Industrial alcohol is derived from many sources, such as molasses, corn and grains. One of the oldest technologies for the manufacture of ethanol is fermentation of sugarcane. The time of this process may vary from 42 to 74 hours. It can be used as a blend with gasoline in gasoline-operated vehicles. It is also used as a reagent alcohol, solvent, fuel, and as a food supplement.
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Some of the major players operating in the industrial alcohol market are:
- LyondellBasell Industries N.V. (Netherland)
- Exxon Mobil Corporation (U.S.)
- Merck KGaA (Germany)
- Eastman Chemical Company (U.S.)
- ADM (U.S.)
- Dupont (U.S.)
- SOLVAY (Belgium)
- DAIKIN (Japan)
- Dow (U.S.)
- Halocarbon, LLC (U.S.)
- Freudenberg SE (Germany)
- The Chemours Company (U.S.)
- Metalubgroup (Israel)
- M&I Materials Limited (U.K)
- Nye Lubricants, Inc. (U.S.)
- Lubrilog (France)
- ECCO Gleittechnik GmbH (Germany)
- HUSK-ITT Corporation (U.S.)
- Setral Chemie GmbH (Germany)
- IKV Tribology Ltd (Germany)
- Wilmar International Ltd. (Singapore)
- Shell Plc (Netherlands)
Global Industrial Alcohol Market Dynamics
Drivers
- Growing demand for isopropyl alcohol
Isopropyl alcohol is used for the pharmaceutical business product for the production of hand sanitizers, oral mouthwashes, disinfection pads and eardrops. Moreover, increasing product demand due to high evaporation rates and low toxicity, growing product usage in the personal care and cosmetic industry are some of the major factors which will increase the demand of the isopropyl and eventually boost the growth of the industrial alcohol market during the forecast
- Increasing demand of industrial alcohol due to multiple applications
Industrial alcohols have various applications in chemical industries, research laboratories, food, pharmaceuticals, home & personal care products, inks, adhesives & coatings, paints and insecticides. Ethyl alcohol is widely used in these industries due to its several properties such as antimicrobial, preservative, solubility, insect repellency and antifreezing properties, and it finds applications in all the above sectors. Methyl alcohol, sorbitol, maltitol, isopropyl alcohol and benzyl alcohol are also used in some applications.
Opportunities
- High usage in pharmaceutical sector
The demand for several products is growing, as a result many pharmaceutical companies are collaborating with the industrial alcohol suppliers to source required technical expertise in the manufacture of pharmaceutical products. Many pharmaceutical applications of the product include plasma fractionation, tableting, antibiotics, powders and chemical intermediates. To meet the increasing demand of products, manufacturers are focusing on growing their production capacities, which generate attractive opportunities for the growth of the industrial alcohol market.
Restraints/Challenges
- High manufacturing cost of industrial alcohol
The high costs associated with the raw materials and manufacturing process of industrial alcohol are expected to be a significant factor that can obstruct the growth of the industrial alcohol market during the above mentioned forecast period.
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Global Industrial Alcohol Market Scope
Type
- Ethyl Alcohol
- Methyl Alcohol
- Isopropyl Alcohol
- Isobutyl Alcohol
- Other Types
Source
- Sugarcane and Bagasse
- Corn
- Grains
- Molasses
- Fossil Fuels
- Other Sources
Application
- Fuel
- Chemical Intermediates and Solvents
- Pharmaceuticals
- Personal Care Products
- Food
- Other Applications
Purity
- Denatured Alcohol
- Undenatured Alcohol
Functionality
- Antimicrobial Activity
- Fragrant/Flavoring Agents
- Solubility
- Antifreeze
- Flammability
Volatility
- Process Technology
- Fermentation Method
- Synthetic Method
Industrial Alcohol Market Regional Analysis/Insights
The industrial alcohol market is analysed and market size insights and trends are provided by country, type, source, application, purity, functionality and process technology as referenced above.
The countries covered in the industrial alcohol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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