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Global Industrial Alcohol Market Size, Share, Growth, Analysis: By Type: Ethyl Alcohol, Methyl Alcohol, Isopropyl, Isobutyl Alcohol, Others; By Source: Fossil Fuels, Corn, Grains, Sugar and Molasses, Others; By Purity; By Functionality; By Process; By Application; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Industrial Alcohol Market Outlook
The global industrial alcohol market size attained a value of nearly USD 130 billion in 2021. The market is further estimated to grow in the forecast period of 2023-2028 at a CAGR of 7.9% to reach a value of around USD 205.2 billion by 2027.
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North America to Hold a Significant Market Share in Industrial Alcohol
The North American region has witnessed significant growth in the market share of industrial alcohol. This is on account of the vast plantations of ethanol along with increasing production of industrial solvents in the United States from agricultural wastes and algae. The surging adoption of ethanol for conveyance fuel and as a source of octane is further driving the market growth of industrial alcohol across North America.
Moreover, the Asia Pacific is anticipated to register substantial growth in the global industrial alcohol market on account of the increasing production of biofuel coupled with high ethanol consumption. Owing to the enhanced priority of reduction of greenhouse gas emissions across the globe coupled with lower oil consumption in the Asia Pacific, the market growth of industrial alcohol across the region is likely to fuel over the coming years. Rapid urbanisation and industrial sector development in countries like China and India are further influencing the market growth of the industrial alcohol across the region.
Market Segmentation
Industrial alcohol is an impure ethanol alcohol, that is not safe for human consumption, but is utilised for industrial applications, often as a solvent. It is most commonly available as an ethyl alcohol, completely denatured alcohol, and proprietary solvent blends. It is distilled ethyl alcohol, generally of high proof, produced for purposes other than consumption.
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By type the industrial alcohol market is divided into:
- Ethyl Alcohol
- Methyl Alcohol
- Isopropyl
- Isobutyl Alcohol
- Others
On the basis of source, the market can be categorised into:
- Fossil fuels
- Corn
- Grains
- Sugar and Molasses
- Others
Based on purity, the market is segmented into:
- Denatured Alcohol
- Undenatured Alcohol
By functionality, the market is segmented into:
- Antimicrobial Activity
- Fragrant and Flavouring Agents
- Solubility
- Antifreeze
- Flammability and Volatility
On the basis of process, the market is segmented into:
- Fermentation Method
- Synthetic Method
Based on application, the market is categorised into:
- Personal Care
- Food
- Fuels
- Chemical Intermediates
- Pharmaceuticals
- Others
The EMR report looks into the regional markets of industrial alcohol like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.
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Growing Demand from the Chemical Industry to Bolster Market Growth of Industrial Alcohol
The surging demand for industrial alcohol in chemicals and petrochemicals industries due to common uses of the product like cosmetics, cleaners, fuels, pharmaceuticals, textiles, and pharmaceuticals, among others are driving the industrial alcohol market. Industrial alcohols find numerous applications in cosmetics, pharmaceuticals, and paints & coatings because of their multi-functional properties which is further propelling the market growth of industrial alcohol across the globe.
Going further, the growing industrialisation along with increasing production of ethanol due to the rising demand in various sectors is further expected to fuel the market demand for industrial alcohol during the forecast period. Based on type, the ethyl alcohol segment is holding a significant share in the market growth of industrial alcohol across the globe on account of the surging demand for ethanol from chemical industries. Moreover, the increasing usage of ethanol in petrol engines as a blending fuel for gasoline is further likely to drive the market growth of industrial alcohol.
Key Players in the Global Market for Industrial Alcohol
The report presents a detailed analysis of the following key players in the global industrial alcohol market, looking into their type, market shares, and latest developments like type expansions, plant turnarounds, and mergers and acquisitions:
- Cargill, Incorporated
- Archer Daniels Midland Company
- POET, LLC.
- Valero
- Green Plains Inc.
- The Andersons Inc.
- Grain Millers, Inc.
- Greenfield Global Inc.
- Grain Processing Corporation
- Cristalco
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
|
| Breakup by Source |
|
| Breakup by Purity |
|
| Breakup by Functionality |
|
| Breakup by Process |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Industrial Alcohol Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Alcohol Historical Market (2018-2022)
8.3 Global Industrial Alcohol Market Forecast (2023-2028)
8.4 Global Industrial Alcohol Market by Type
8.4.1 Ethyl Alcohol
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Methyl Alcohol
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Isopropyl
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Isobutyl Alcohol
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Industrial Alcohol Market by Source
8.5.1 Fossil Fuels
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Corn
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Grains
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Sugar and Molasses
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Industrial Alcohol Market by Purity
8.6.1 Denatured Alcohol
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Undenatured Alcohol
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Industrial Alcohol Market by Functionality
8.7.1 Antimicrobial Activity
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Fragrant and Flavouring Agents
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Solubility
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Antifreeze
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Flammability and Volatility
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.8 Global Industrial Alcohol Market by Process
8.8.1 Fermentation Method
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Synthetic Method
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.9 Global Industrial Alcohol Market by Application
8.9.1 Personal Care
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Food
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Fuels
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Chemical Intermediates
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Pharmaceuticals
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
8.9.6 Others
8.10 Global Industrial Alcohol Market by Region
8.10.1 North America
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2022)
8.10.1.3 Forecast Trend (2023-2028)
8.10.2 Europe
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2022)
8.10.2.3 Forecast Trend (2023-2028)
8.10.3 Asia Pacific
8.10.3.1 Market Share
8.10.3.2 Historical Trend (2018-2022)
8.10.3.3 Forecast Trend (2023-2028)
8.10.4 Latin America
8.10.4.1 Market Share
8.10.4.2 Historical Trend (2018-2022)
8.10.4.3 Forecast Trend (2023-2028)
8.10.5 Middle East and Africa
8.10.5.1 Market Share
8.10.5.2 Historical Trend (2018-2022)
8.10.5.3 Forecast Trend (2023-2028)
9 North America Industrial Alcohol Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Industrial Alcohol Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Industrial Alcohol Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Industrial Alcohol Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Industrial Alcohol Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Cargill, Incorporated
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Archer Daniels Midland Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 POET, LLC.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Valero
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Green Plains Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 The Andersons Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Grain Millers, Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Greenfield Global Inc.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Grain Processing Corporation
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Cristalco
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Industrial Alcohol Market: Key Industry Highlights, 2018 and 2028
2. Global Industrial Alcohol Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Industrial Alcohol Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Industrial Alcohol Historical Market: Breakup by Source (USD Million), 2018-2022
5. Global Industrial Alcohol Market Forecast: Breakup by Source (USD Million), 2023-2028
6. Global Industrial Alcohol Historical Market: Breakup by Purity (USD Million), 2018-2022
7. Global Industrial Alcohol Market Forecast: Breakup by Purity (USD Million), 2023-2028
8. Global Industrial Alcohol Historical Market: Breakup by Functionality (USD Million), 2018-2022
9. Global Industrial Alcohol Market Forecast: Breakup by Functionality (USD Million), 2023-2028
10. Global Industrial Alcohol Historical Market: Breakup by Process (USD Million), 2018-2022
11. Global Industrial Alcohol Market Forecast: Breakup by Process (USD Million), 2023-2028
12. Global Industrial Alcohol Historical Market: Breakup by Application (USD Million), 2018-2022
13. Global Industrial Alcohol Market Forecast: Breakup by Application (USD Million), 2023-2028
14. Global Industrial Alcohol Historical Market: Breakup by Region (USD Million), 2018-2022
15. Global Industrial Alcohol Market Forecast: Breakup by Region (USD Million), 2023-2028
16. North America Industrial Alcohol Historical Market: Breakup by Country (USD Million), 2018-2022
17. North America Industrial Alcohol Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Europe Industrial Alcohol Historical Market: Breakup by Country (USD Million), 2018-2022
19. Europe Industrial Alcohol Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Asia Pacific Industrial Alcohol Historical Market: Breakup by Country (USD Million), 2018-2022
21. Asia Pacific Industrial Alcohol Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Latin America Industrial Alcohol Historical Market: Breakup by Country (USD Million), 2018-2022
23. Latin America Industrial Alcohol Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Middle East and Africa Industrial Alcohol Historical Market: Breakup by Country (USD Million), 2018-2022
25. Middle East and Africa Industrial Alcohol Market Forecast: Breakup by Country (USD Million), 2023-2028
26. Global Industrial Alcohol Market Structure
Key Questions Answered in the Report
In 2021, the global industrial alcohol market attained a value of nearly USD 130 billion.
The market is assessed to grow at a CAGR of 7.9% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach almost USD 205.2 billion by 2027.
The major market drivers are increasing urbanisation, use of industrial alcohol as a biofuel, and increased production.
The key market trends guiding the growth of the market include growing industrialisation, evolving technology, increasing adoption of ethanol in various sectors.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of industrial alcohols include ethyl alcohol, methyl alcohol, isopropyl, and isobutyl alcohol, among others.
The different sources available for industrial alcohol include fossil fuels, corn, grains, and sugar and molasses, among others.
The different purity in the market are denatured alcohol and undenatured alcohol.
The major market divisions, based on functionality, include antimicrobial activity, fragrant and flavouring agents, solubility, antifreeze, and flammability and volatility.
The major market divisions, on the basis of process, include the fermentation method and synthetic method.
The major market divisions, based on application, include personal care, food, fuels, chemical intermediates, and pharmaceuticals, among others.
The major players in the market are Cargill, Incorporated, Archer Daniels Midland Company, POET, LLC., Valero, Green Plains Inc., The Andersons Inc., Grain Millers, Inc., Greenfield Global Inc., Grain Processing Corporation, and Cristalco, among others.
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