Industrial Alcohol Market in Asia-Pacific is projected to showcase significant growth over 2019-2025, Key Players like Cargill, Flint Hills Resources, Raizen Energia

Asia-Pacific is estimated to be the fastest-growing region for industrial alcohol market. In last few years, demand of industrial solvents in developing economies consisting of China, India, and Thailand increased substantially. The major factors that influence the demand in this region are availability of feedstock for low-cost production such as corn and sugarcane, government regulations in the energy sector, increased awareness on environment safety & carbon emissions. Increasing number of production facilities is expected to drive regional growth of industrial alcohol market in forecasted time frame. China started promotion of ethanol based fuel in five cities to reduce the consumption of petroleum in domestic market. The cities are Zhengzhou, Luoyang, Nanyang, Harbin and Zhaodong. Thailand is converting cassava stock held by the government into biofuel and using 10 percent ethanol on large scale in the domestic market

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North America chemical industry is witnessing rising production of industrial solvents from agricultural wastes and algae in countries including the U.S. and Canada. U.S is one of the world’s top ethanol producer representing more than 50 percent of the global production followed by Brazil. In last few years more than 90 percent of the gasoline sold in the region is blended with ethanol. U.S. ethanol has appeared as the low-cost conveyance fuel and high octane source in the world and major consumers of ethanol are Canada, Mexico, United Arab Emirates, and the Philippines. Ethanol is the most common industrial solvents used in Brazil. Nation’s building partnerships with developing countries to reduce the greenhouse-gas emissions and dependence of energy sector on imported fossil fuels.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Cargill
2. Flint Hills Resources
3. Raizen Energia
4. Green Plains
5. Cristalco
6. Grain Processing Corporation
7. MGP Ingredients
8. Greenfield Specialty Alcohols

Europe consumption will be dominated by countries are Germany, Spain, and Sweden. Sweden will be the leading country in the region in terms of use of ethanol as a fuel. In order to achieve a broader use of biofuels several government incentives implemented which will propel the growth of industrial alcohol market.

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With the increasing environmental concerns and stringent government regulations supporting the development of bioethanol in developed countries will further boost industrial alcohol market. As per the Department of Energy’s GREET model, discusses fuel production pathways from various energy feedstocks. The use of bioethanol significantly reduces greenhouse gas emissions by 34% compared to petroleum-derived gasoline and without indirect emissions, average bioethanol decreases emissions by 44%, thus will supplement industrial alcohol market growth.

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