Global Industrial Alcohols Market Outlook to 2027
Industrial Alcohol, or grain alcohol, is a form of pure alcohol that is generally colorless, volatile, has a sweet odor, and is derived from the fermentation of organic products like corn, sugarcane, molasses, etc. According to BlueQuark Research & Consulting, the global Industrial Alcohol market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Industrial Alcohols in the manufacture of Ethanol-based fuels for automobile and industrial applications since Ethanol can be used in petrol engines as a blending fuel for gasoline which is expected to drive the Global Industrial Alcohols Market. Further, the use of Industrial Alcohols in the production of pharmaceuticals like anesthetics, antiseptics, drugs, liniments, etc., primarily due to its properties like solubility and bactericidal activity, is projected to drive the Global Industrial Alcohols market. Furthermore, the use of Industrial Alcohols as an organic solvent in the production of personal care products like lotions, creams, perfume, and moisturizers is expected to drive the Global Industrial Alcohols Market. However, factors like the side effects of Industrial Alcohol on human health, such as irritation of the skin and eyes, difficulty in procuring raw materials, and fluctuating raw material prices, are expected to hinder its future growth.
Industrial Alcohol is used as an antifungal and antibacterial agent to manufacture thousands of products ranging from Fuels to Personal Care Products and Cosmetics. Few industries related to cleaners, cosmetics, fuels, pharmaceuticals, textiles, etc., use industrial alcohols as one of the vital components.
The Automotive Industry is the most vital consumer of Industrial Alcohols and is projected to drive the Global Market. With the growing demand of governments and individuals for an efficient, safe, and pollution-free alternative to fossil fuel-based gasoline, the global market for Industrial alcohol is bound to rise. This is primarily because of industrial alcohol-based fuels burning more completely, lowering emissions, and giving better overall efficiency. According toToyota, a leading automobile manufacturer, its total global sales for May 2021 were 904,670 units, a 48.4% year-on-year increase. Ascending rates of population and industrialization have resulted in a subsequent high demand for energy, and the growing prices of petroleum products, have all contributed to the surging adoption of renewable resources like industrial alcohol or Ethanol-based fuels in vehicles. With numerous automobiles being manufactured daily and no change in the engine or transmission of the existing automobiles for the use of Ethanol-based fuels has made the demand of the industry shoot, thus driving the global Industrial Alcohol Industry. Therefore, all these factors have contributed to increasing the need for an efficient fuel, driving the Global Industrial Alcohols Market.
Some of the market's key players areBASF SE,MilliporeSigma,ExxonMobil Chemical Company,Royal Dutch Shell,LyondellBasell Industries N.V.,Cargill Corporation,Ra?zen, among others.
The Asia Pacific region is poised to be the leader in the production and the subsequent consumption of Industrial Alcohol, with most of the consumption in countries like China and India. With the raw materials like corn, sugarcane, molasses, food grains, etc., readily available, the supply is strong, as well as is the demand, which is mainly due to the towering automobile production of the countries in the region. Strict government regulations, rising awareness about global warming, and easy availability of raw materials have propelled the use of Ethanol-based or industrial alcohol-based fuels in the region. The region is home to nearly billions of people, which further drives other industries like pharmaceutical, personal care, and cosmetics, all of which use Industrial Alcohol as one of the most critical components, in the form of an organic solvent or a cleaning agent, thus driving market demand. Increased usage of Industrial Alcohol as an industrial solvent is expected to drive the demand in the Asia Pacific region due to rapid industrialization. Factors like these have made Asia-Pacific an essential region for growth in the Industrial Alcohol market.
In September 2021,Radico Khaitan, as part of its de-risking and premiumization strategy, moved toward grain-based alcohol from Ethanol.
In August 2021,the U.S. Department of Energypatented a new way of converting Ethanol to jet-based fuel to be used commercially.
In April 2021,Indian Oil Corporation Limitedblended nearly 7.2% ethanol with standard gasoline to reach the national target of 10% ethanol in gasoline sold by 2022.
In February 2021, Indian Oil Corporation Limitedannounced plans to set up two ethanol plants to produce nearly 5 Lakh liters of Ethanol per day at the cost of INR 600 Crore each.
Global Industrial Alcohol Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Industrial Alcohol market by segmenting based on the Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol, Others), Source (Sugarcane & Bagasse, Corns, Grains, Molasses, Fossil Fuels, Others), Process Technology ( Fermentation Method, Synthetic Method), Purity ( Denatured Alcohol, Undenatured Alcohol), Functionality (Flammability & Volatility, Antimicrobial Activity, Antifreeze, Fragrant/Flavoring Agents, Solubility), Application ( Fuel, Personal Care Products, Pharmaceutical, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Industrial Alcohol is used as an antifungal and antibacterial agent to manufacture thousands of products ranging from Fuels to Personal Care Products and Cosmetics. Few industries related to cleaners, cosmetics, fuels, pharmaceuticals, textiles, etc., use industrial alcohols as one of the vital components.
The Automotive Industry is the most vital consumer of Industrial Alcohols and is projected to drive the Global Market. With the growing demand of governments and individuals for an efficient, safe, and pollution-free alternative to fossil fuel-based gasoline, the global market for Industrial alcohol is bound to rise. This is primarily because of industrial alcohol-based fuels burning more completely, lowering emissions, and giving better overall efficiency. According toToyota, a leading automobile manufacturer, its total global sales for May 2021 were 904,670 units, a 48.4% year-on-year increase. Ascending rates of population and industrialization have resulted in a subsequent high demand for energy, and the growing prices of petroleum products, have all contributed to the surging adoption of renewable resources like industrial alcohol or Ethanol-based fuels in vehicles. With numerous automobiles being manufactured daily and no change in the engine or transmission of the existing automobiles for the use of Ethanol-based fuels has made the demand of the industry shoot, thus driving the global Industrial Alcohol Industry. Therefore, all these factors have contributed to increasing the need for an efficient fuel, driving the Global Industrial Alcohols Market.
Some of the market's key players areBASF SE,MilliporeSigma,ExxonMobil Chemical Company,Royal Dutch Shell,LyondellBasell Industries N.V.,Cargill Corporation,Ra?zen, among others.
The Asia Pacific region is poised to be the leader in the production and the subsequent consumption of Industrial Alcohol, with most of the consumption in countries like China and India. With the raw materials like corn, sugarcane, molasses, food grains, etc., readily available, the supply is strong, as well as is the demand, which is mainly due to the towering automobile production of the countries in the region. Strict government regulations, rising awareness about global warming, and easy availability of raw materials have propelled the use of Ethanol-based or industrial alcohol-based fuels in the region. The region is home to nearly billions of people, which further drives other industries like pharmaceutical, personal care, and cosmetics, all of which use Industrial Alcohol as one of the most critical components, in the form of an organic solvent or a cleaning agent, thus driving market demand. Increased usage of Industrial Alcohol as an industrial solvent is expected to drive the demand in the Asia Pacific region due to rapid industrialization. Factors like these have made Asia-Pacific an essential region for growth in the Industrial Alcohol market.
In September 2021,Radico Khaitan, as part of its de-risking and premiumization strategy, moved toward grain-based alcohol from Ethanol.
In August 2021,the U.S. Department of Energypatented a new way of converting Ethanol to jet-based fuel to be used commercially.
In April 2021,Indian Oil Corporation Limitedblended nearly 7.2% ethanol with standard gasoline to reach the national target of 10% ethanol in gasoline sold by 2022.
In February 2021, Indian Oil Corporation Limitedannounced plans to set up two ethanol plants to produce nearly 5 Lakh liters of Ethanol per day at the cost of INR 600 Crore each.
Global Industrial Alcohol Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Industrial Alcohol market by segmenting based on the Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol, Others), Source (Sugarcane & Bagasse, Corns, Grains, Molasses, Fossil Fuels, Others), Process Technology ( Fermentation Method, Synthetic Method), Purity ( Denatured Alcohol, Undenatured Alcohol), Functionality (Flammability & Volatility, Antimicrobial Activity, Antifreeze, Fragrant/Flavoring Agents, Solubility), Application ( Fuel, Personal Care Products, Pharmaceutical, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 Ethyl Alcohol
5.1.2 Methyl Alcohol
5.1.3 Isopropyl Alcohol
5.1.4 Isobutyl Alcohol
5.1.5 Benzyl Alcohol
5.1.6 Others
5.2 By Source
5.2.1 Sugarcane &
Bagasse
5.2.2 Corns
5.2.3 Grains
5.2.4 Molasses
5.2.5 Fossil Fuels
5.2.6 Others
5.3 By Process Technology
5.3.1 Fermentation Method
5.3.2 Synthetic Method
5.4 By Purity
5.4.1 Denatured Alcohol
5.4.2 Undenatured Alcohol
5.5 By Functionality
5.5.1 Flammability &
Volatility
5.5.2 Antimicrobial Activity
5.5.3 Antifreeze
5.5.4 Fragrant/Flavoring
Agents
5.5.5 Solubility
5.6 By Application
5.6.1 Fuel
5.6.2 Personal Care
5.6.3 Pharmaceutical
5.6.4 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 BASF SE
7.2
MilliporeSigma
7.3
ExxonMobil Chemical Company
7.4
Royal Dutch Shell
7.5
LyondellBasell Industries N.V.
7.6
Cargill Corporation
7.7
Ra?zen
7.8
Green Plains Inc.
7.9
Cristalco
7.10
The Andersons, Inc.
7.11
Grain Processing Corporation
7.12
Flint Hills Resources LLC
7.13
Greenfield Specialty Alcohols
7.14
Eastman Chemical Company
7.15
MGP Ingredients, Inc.
7.16
Archer-Daniels-Midland Company
7.17
Ecolab Inc.
7.18
Univar Solutions Inc.
7.19
POET LLC
7.20
Linde plc
7.21
Wilmar International Limited
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 Ethyl Alcohol
5.1.2 Methyl Alcohol
5.1.3 Isopropyl Alcohol
5.1.4 Isobutyl Alcohol
5.1.5 Benzyl Alcohol
5.1.6 Others
5.2 By Source
5.2.1 Sugarcane &
Bagasse
5.2.2 Corns
5.2.3 Grains
5.2.4 Molasses
5.2.5 Fossil Fuels
5.2.6 Others
5.3 By Process Technology
5.3.1 Fermentation Method
5.3.2 Synthetic Method
5.4 By Purity
5.4.1 Denatured Alcohol
5.4.2 Undenatured Alcohol
5.5 By Functionality
5.5.1 Flammability &
Volatility
5.5.2 Antimicrobial Activity
5.5.3 Antifreeze
5.5.4 Fragrant/Flavoring
Agents
5.5.5 Solubility
5.6 By Application
5.6.1 Fuel
5.6.2 Personal Care
5.6.3 Pharmaceutical
5.6.4 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 BASF SE
7.2
MilliporeSigma
7.3
ExxonMobil Chemical Company
7.4
Royal Dutch Shell
7.5
LyondellBasell Industries N.V.
7.6
Cargill Corporation
7.7
Ra?zen
7.8
Green Plains Inc.
7.9
Cristalco
7.10
The Andersons, Inc.
7.11
Grain Processing Corporation
7.12
Flint Hills Resources LLC
7.13
Greenfield Specialty Alcohols
7.14
Eastman Chemical Company
7.15
MGP Ingredients, Inc.
7.16
Archer-Daniels-Midland Company
7.17
Ecolab Inc.
7.18
Univar Solutions Inc.
7.19
POET LLC
7.20
Linde plc
7.21
Wilmar International Limited
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
North America Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United States Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Canada Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Mexico Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Europe Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United Kingdom Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Germany Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Italy Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
France Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Other Supporting Charts
Rest of Europe Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South America Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Brazil Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Argentina Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of South America Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Asia-Pacific Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
China Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
India Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Japan Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Korea Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Asia-Pacific Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Middle East & Africa Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Saudi Arabia Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Africa Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Middle-East & Africa Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Global Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
North America Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United States Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Canada Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Mexico Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Europe Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
United Kingdom Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Germany Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Italy Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
France Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Other Supporting Charts
Rest of Europe Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South America Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Brazil Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Argentina Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of South America Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Asia-Pacific Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
China Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
India Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Japan Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Korea Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Asia-Pacific Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Middle East & Africa Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Saudi Arabia Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
South Africa Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
Rest of Middle-East & Africa Industrial Alcohols Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2016-2026
