Industrial Alcohol Market Promising Growth and by Platform Type, Technology and End User Industry Statistics, Scope, Demand by 2032

Ethanol, often known as ethyl alcohol, is the primary ingredient in industrial alcohol. It is a flammable, volatile liquid that is widely used as a biofuel across the world. It is derived from several things, such as grains, molasses, and corn. One of the oldest processes for ethanol production is sugarcane fermentation.

It serves as a reagent and a solvent in a number of industrial applications in the chemical, personal care, energy, and pharmaceutical sectors. Some alcohols can be used for purposes other than making beverages. Multiple functions also encourage adoption in a range of end-use applications. The most produced and consumed alcohol, ethanol, is also a common biofuel utilised all over the world. These fuels are created through the fermentation of sugars derived from wheat, corn, sugar beets, sugar cane, and molasses. Additionally, it can be used in petrol engines as a substitute for petrol. Among the alcohols used in the production of foods, flavourings, and adhesives are methanol, benzyl alcohol, and isopropyl alcohol.

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Regional Snapshots

Asia-Pacific is the fastest-growing area in the globe and has the biggest consumption of ethanol, which is related to the product's increasing use in the food and energy industries. The region's economies are rapidly growing as a result of several government initiatives and increasing foreign investments in the industrial sector. China, a significant ethanol producer, helps the monitoring of the fuel and additive demands of the food business. The population increase has raised food consumption, which has also boosted alcohol demand, which is thought to be what is propelling the market's growth.

Report Highlights

According to kind, the ethyl alcohol sector is in the lead and is anticipated to contribute most significantly to the industrial alcohol market. Despite the fact that it may be easily obtained from a number of sources, such as biomass, corn, wheat, and barley, this might be linked to the product's high demand. It is a renewable fuel that is mixed with petrol due to its high energy level. Ethanol is generated and has the same chemical properties in a number of forms, regardless of the source.

Corn source dominated the market when it came to source. This may be because there is a significant demand for the product as a renewable source of energy. Corn distiller oil, which is used as a fuel for biodiesel or as animal feed, has experienced a boom due to the global ethanol industry's rise. The vast majority of businesses that produce corn-based ethanol have produced corn distillers oil. Production of corn-based ethanol is also expanding in the byproducts industry.

The fuel category is anticipated to increase at the fastest rate over the estimated period based on application. Alcohol is being used more frequently as a solvent and reactant in the production of chemical intermediates, which is driving the market's expansion. Ethyl alcohol is more in demand in the fuel industry due to its high octane rating and ability to reduce pollutants when blended with petrol. It is projected that because of the rapidly growing global vehicle sector, it will continue to hold its dominance in the ensuing years. In the Asia Pacific and Europe regions, there has been a sharp increase in demand for gasoline-powered cars.

Market Segmentation:

The global industrial alcohol market can be segmented based on type, source, application, and region.

By Type:
Ethyl alcohol
Methyl alcohol
Isopropyl alcohol
Benzyl alcohol
Others
By Source:
Sugar & Molasses
Grains
Corn
Fossil Fuels
Others
By Application:
Fuel
Chemical Intermediates & Solvents
Pharmaceuticals
Personal Care & Cosmetics
Food & Beverages
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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The fuel segment is expected to dominate the market due to the increasing demand for biofuels, while the pharmaceuticals and personal care & cosmetics segments are also expected to witness significant growth due to the growing use of industrial alcohol in these industries. Geographically, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, due to the growing demand from the pharmaceutical and personal care industries and the increasing focus on renewable sources of energy.

Competitive Landscape:

Some of the key players operating in the global industrial alcohol market include:

Archer Daniels Midland Company
Cargill, Incorporated
Raízen Energia
MGP Ingredients
Green Plains Inc.
Cristalco
Grain Processing Corporation
The Andersons, Inc.
Sigma Aldrich Corporation
ExxonMobil Chemical Company
These companies are focusing on expanding their product portfolios, investing in research and development activities, and strengthening their distribution networks to maintain their position in the market. They are also adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position and enhance their global presence.

Key Takeaways:

By product, U.S. industrial alcohol market was accounted at USD 46.7 Bn in 2021
The ethyl alcohol manufacturing applications segment has garnered 52% revenue share in 2021 and is expected to reach at a CAGR of 8.1% over the forecast period 2022 to 2030
In 2021, corn source segment has registered 31% market share in 2021 and is expected to hit at a CAGR of 8.8% over the forecast timeframe 2022 to 2030
In 2021, the transportation fuels & fuel additives segment has registered highest revenue share of 42%
In 2021, Asia Pacific region accounted largest market share of 37%

Key Benefits

The report provides an extensive analysis of the global industrial alcohols market share, size and trend from 2016 to 2023 to determine the prevailing opportunities.
Comprehensive analysis of the factors that drive and restrict the market growth is provided in the market.
Extensive analysis of the industry is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
Porters five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
The report provides key insights on strategic industrial alcohols industry analysis of various companies and the value chain analysis of the alcohol industry.

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