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Industrial Alcohol Market worth $159.16 billion by 2030, growing at a CAGR of 6.84% - Exclusive Report by 360iResearch
Industrial Alcohol Market | 360iResearch
The Global Industrial Alcohol Market to grow from USD 93.72 billion in 2022 to USD 159.16 billion by 2030, at a CAGR of 6.84%.
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Industrial alcohol refers to ethanol that has been produced and utilized for a variety of non-beverage applications, ranging from pharmaceuticals to fuels and solvents. Industrial alcohol is denatured, which means it has been rendered undrinkable by adding certain chemicals, and it is distinguished from the beverage-grade alcohol found in consumable products. The demand for industrial alcohol is growing, driven by factors including the increasing adoption of biofuels due to environmental concerns, the expansion of the pharmaceutical and personal care industries, and the growing need for solvents in the manufacturing of chemicals and paints. However, environmental concerns regarding the sustainability of crop-based ethanol production and the competition with food supply are significant issues impeding their utility. Additionally, the handling and storage of industrial alcohols can be hazardous, given their flammability and potential health risks on exposure. Advances in biotechnology could lead to more cost-effective and environmentally sustainable production processes. Moreover, the increasing drive towards renewable sources for chemical manufacturing and the development of alternative fuels, such as next-generation bioethanol, may also propel the use industrial alcohol.
In the Americas, particularly the United States, the industrial alcohol market is robust, with significant consumption in the pharmaceuticals, fuel, and personal care industries. Advanced production technologies, corn as a primary feedstock, and large-scale facilities contribute to the high output. In APAC, the market is thriving, primarily driven by the increasing demand in countries, particularly China and India, where industrial alcohol is heavily used in the chemicals, pharmaceuticals, and food industries. With diverse feedstocks such as molasses, cane, and grains, the region boasts a wide-ranging production base. The adoption of industrial alcohol for biofuels has also gained momentum in Thailand and India, expanding the market. EMEA presents a mixed scenario, with mature markets in Europe exhibiting steady demand across various sectors, including chemicals and pharmaceuticals. Biofuel legislation in the European Union has had a significant impact on the industry. In the Middle East and Africa, the market is relatively nascent but growing, with applications spanning from personal care to fuel additives. European companies are major players in this market, with a strong focus on sustainability and regulatory compliance influencing production practices and market engagement.
Market Segmentation & Coverage:
This research report categorizes the Industrial Alcohol Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Source, market is studied across Corn, Fossil Fuels, Grains, Molasses, and Sugarcane & Bagasse. The Sugarcane & Bagasse commanded largest market share of 37.21% in 2022, followed by Grains.
Based on Purity, market is studied across Denatured Alcohol and Undenatured Alcohol. The Undenatured Alcohol is further studied across Grade 1, Grade 2, and Special Grade. The Undenatured Alcohol commanded largest market share of 71.93% in 2022, followed by Denatured Alcohol.
Based on Functionality, market is studied across Antifreeze, Antimicrobial Activity, Flammability & Volatility, Fragrant/Flavoring Agents, and Solubility. The Antimicrobial Activity commanded largest market share of 33.74% in 2022, followed by Solubility.
Based on Process Technology, market is studied across Fermentation Method and Synthetic Method. The Fermentation Method commanded largest market share of 84.59% in 2022, followed by Synthetic Method.
Based on Type, market is studied across Primary Alcohols, Secondary Alcohols, and Tertiary Alcohol. The Secondary Alcohols commanded largest market share of 42.80% in 2022, followed by Primary Alcohols.
Based on Application, market is studied across Chemical Intermediates & Solvents, Food, Fuel, Personal Care Products, and Pharmaceuticals. The Chemical Intermediates & Solvents commanded largest market share of 35.28% in 2022, followed by Personal Care Products.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.36% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Industrial Alcohol Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Alcohol Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Alcohol Market, highlighting leading vendors and their innovative profiles. These include Archer-Daniels-Midland Company, Barentz BV, BASF SE, Birla Sugar Ltd., Brenntag SE, Bunge North America Inc., Cargill, Inc., Cristalco SAS, Distillerie Mazzari S.p.A., Eastman Chemical Company, Ecolab Inc., Exxon Mobil Corporation, Grain Processing Corporation, Green Plains Inc., Greenfield Global, Inc., Ineos Group Ltd., LG Chem Ltd., Linde PLC, LyondellBasell Industries N.V., Merck KGaA, MGP Ingredients, Inc., Recochem Corporation, Shell PLC, The Andersons, Inc., The Dow Chemical Company, Univar Solutions Inc., and Wilmar International Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Alcohol Market, by Source
7. Industrial Alcohol Market, by Purity
8. Industrial Alcohol Market, by Functionality
9. Industrial Alcohol Market, by Process Technology
10. Industrial Alcohol Market, by Type
11. Industrial Alcohol Market, by Application
12. Americas Industrial Alcohol Market
13. Asia-Pacific Industrial Alcohol Market
14. Europe, Middle East & Africa Industrial Alcohol Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Industrial Alcohol Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Alcohol Market?
3. What is the competitive strategic window for opportunities in the Industrial Alcohol Market?
4. What are the technology trends and regulatory frameworks in the Industrial Alcohol Market?
5. What is the market share of the leading vendors in the Industrial Alcohol Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Alcohol Market?
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