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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Industrial Alcohol Market Outlook 

The global industrial alcohol market size attained a value of nearly USD 151.35 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 7.9% to reach a value of around USD 300.11 billion by 2032.

Global Industrial Alcohol Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 151.35
Market Size 2032 USD Billion 300.11
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 7.9%
CAGR 2024-2032 - Market by Region Latin America 8.5%
CAGR 2024-2032 - Market by Country India 9.4%
CAGR 2024-2032 - Market by Country China 8.4%
CAGR 2024-2032 - Market by Purity Denatured Alcohol 8.6%
CAGR 2024-2032 - Market by Source Sugar and Molasses 8.8%
Market Share by Country 2023 Mexico 2.4%

industrial alcohol market

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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.

CAGR 2024-2032 - Market by Country
India 9.4%
China 8.4%
Saudi Arabia 8.4%
Mexico 8.3%
UK 7.7%
USA 7.5%
Canada XX%
France XX%
Italy XX%
Japan XX%
Australia XX%
Brazil XX%
Germany 7.0%

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. 

industrial alcohol market by segments

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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.

industrial alcohol market by region

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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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Source
  • Purity
  • Functionality
  • Process
  • Application
  • Region
Breakup by Type
  • Ethyl Alcohol
  • Methyl Alcohol
  • Isopropyl
  • Isobutyl Alcohol
  • Others
Breakup by Source
  • Fossil Fuels
  • Corn
  • Grains
  • Sugar and Molasses
  • Others
Breakup by Purity
  • Denatured Alcohol
  • Undenatured Alcohol
Breakup by Functionality
  • Antimicrobial Activity
  • Fragrant and Flavouring Agents
  • Solubility
  • Antifreeze
  • Flammability and Volatility
Breakup by Process
  • Fermentation Method
  • Synthetic Method
Breakup by Application
  • Personal Care
  • Food
  • Fuels
  • Chemical Intermediates
  • Pharmaceuticals
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global industrial alcohol market attained a value of nearly USD 151.35 billion.

The market is assessed to grow at a CAGR of 7.9% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 300.11 billion by 2032.

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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+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

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+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

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