Market Size

The global industrial alcohol market size was valued at USD 94.2 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The industrial alcohol market analysis shows that it will grow with a CAGR of 3.9% over the forecast period of 2021 to 2027.

COVID-19 Impact Analysis

In the market, the two of the largest manufacturers of generic, commodity-type products are Cargil Raizen and Green Plains, with MGP Ingredients as a close third competitor. These are present in many parts of the world, Asia, Europe, as well as well as the Americas and the rest of the Pacific. Although COVID-19 had a positive effect on their manufacturing and production, They, however, were not significantly impacted by the disease. The disease did not pose a problem for their industrial products, and their global supply chain, as long as well as a national operations.

Market Driver

This refers to the size of the renewable fuels production capacity of the United States, which according to the Renewable Fuels Association has 210 plants in 27 states with a total of 16.1 billion gallons of renewable ethanol produced in 2018. This growth in global octane demand has led to a 300 million gallon increase in total consumption, or total, according to the preliminary figures, but only about a 40 million gallon increase in global total from last year. A more focused understanding of diminishing fossil fuel reserves and the environment's impact on the supply is leading to the expansion of the biofuel market. Cumulinary biofuels (a type of biofuel produced from corn) has the greatest global impact. Using ICIS projections, the global demand for methyl alcohol will increase, while global demand for blending fuel, which accounts for 40% of total demand, is expected to decrease by a total of 20% by 20% by 2025. Since the Indian personal care and pharmaceutical industries are expected to expand, demand for all major types of alcohol is on the market is anticipated to increase. There are several other key considerations, such as the increase in development of biofuels (fuels such as ethanol) that are contributing to this growth, in no small part to the significant market growth in the region.

Geographical Insight

In 2015, according to the OECD-FAO, Thailand was the third largest importer of ethyl alcohol in the entire Asia Pacific and seventh-highest producer in the world. An expected strong growth segment in the market for ethyl alcohol in the rest of Asia Pacific is among its larger players Because the ethyl alcohol segment of the market is projected to grow more slowly, the non-alcoholic segment is estimated to have greater revenue potential. Canada consumed the most energy on an average per person than any other country in the world in 2019, according to the data released by the International Energy Agency in 2019. It is also home to the greatest amount of heavy vehicles of any surrounding city. Since the large vehicles use more fuel than smaller ones, the entire regions' heavier vehicles' as a whole are inefficient with respect to fuel consumption. a great percentage of new vehicle registrations in Canada were for trucks, and this was growing to 80 percent in 2011. In order to lessen damage to the environment and to the energy resources, the government is making the use of ethanol and other alternative fuels more popular. By the publisher's count, there are only 13 operational ethanol plants in Canada that have a total capacity of 2.15 billion liters, with 2.15 gigajoule capacity.

Market Opportunity

Due to shifts in society and growth in personal habits, growth in economies, and a rise in the use of renewable resources, alcohol fuels, there has been an increase in demand for gas in developing economies. is particularly anticipated that developing countries such as China, India, and Africa will see an increase in demand for but not limited to these regions for the ethyl and isobutyl alcohol derivatives. The increasing demand is projected to be fueled by a rising prevalence of alcohol consumption in all sectors, as well as the greater use of more environmentally friendly technology. Moreover, these areas offer a cost advantage in manufacturing and labor, but also offer a significant cost savings on distribution. The high demand combined with low production costs are an important benefit that is anticipated for the alcoholic beverage suppliers.

Research Methodology

Industrial Alcohol market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Industrial Alcohol Market Size and Outlook by Type

• Ethyl alcohol
• Methyl alcohol
• Isopropyl alcohol
• Isobutyl alcohol
• Benzyl alcohol
• Others

Industrial Alcohol Market Size and Outlook by Source

• Sugarcane & bagasse
• Corn
• Grains
• Molasses
• Fossil fuels
• Others

Industrial Alcohol Market Size and Outlook by Application

• Fuel
• Chemical intermediates & solvents
• Pharmaceuticals
• Personal care products
• Food
• Others

Industrial Alcohol Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• Cargill (US)
• Cristalco (France)
• Flint Hills Resources (US)
• Grain processing Corporation (U.S.)
• Green Plains Inc (US)
• MGP Ingredients (US)
• Raizen Energia (Brazil)
• Sigma-Aldrich (US)
• Specialty Alcohols (Canada)
• The Andersons Inc (US)

Actionable Outcomes

Our Industrial Alcohol Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will function in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Industrial Alcohol market size
• Industrial Alcohol market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Industrial Alcohol market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Industrial Alcohol market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Industrial Alcohol market share
• Measures to consider for Industrial Alcohol market