Global Industrial Alcohol Market – Industry Trends and Forecast to 2029

 Industrial Alcohol Market Analysis and Size

The rising demand of hygiene product coupled with growing consumer awareness is anticipated to increase the demand for personal care and boost the growth of the industrial alcohol market. The “ethyl alcohol’ is the fastest growing type segment due to rise in demand for biofuel and their wide application in the production of solvents and chemical intermediates. Nowadays, numerous manufacturers are introducing a range of high-quality, non-genetically modified organisms (GMO), organic, consistent and other specialty alcohols in the market.

Data Bridge Market Research analyses that the industrial alcohol market is expected to undergo a CAGR of 8.80% during the forecast period. This indicates that the market value, which was USD 156.02 billion in 2021, would rocket up to USD 306.35 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Industrial Alcohol Market Scope and Segmentation

Market Definition

Industrial alcohol is mainly ethanol, called ethyl alcohol. It is a colourless, volatile, flammable liquid, and widely used biofuel in the globe. Industrial alcohol is derived from many sources, such as molasses, corn and grains. One of the oldest technologies for the manufacture of ethanol is fermentation of sugarcane. The time of this process may vary from 42 to 74 hours. It can be used as a blend with gasoline in gasoline-operated vehicles. It is also used as a reagent alcohol, solvent, fuel, and as a food supplement.

Global Industrial Alcohol Market Dynamics

Drivers

• Growing demand for isopropyl alcohol

Isopropyl alcohol is used for the pharmaceutical business product for the production of hand sanitizers, oral mouthwashes, disinfection pads and eardrops. Moreover, increasing product demand due to high evaporation rates and low toxicity, growing product usage in the personal care and cosmetic industry are some of the major factors which will increase the demand of the isopropyl and eventually boost the growth of the industrial alcohol market during the forecast

• Increasing demand of industrial alcohol due to multiple applications

Industrial alcohols have various applications in chemical industries, research laboratories, food, pharmaceuticals, home & personal care products, inks, adhesives & coatings, paints and insecticides. Ethyl alcohol is widely used in these industries due to its several properties such as antimicrobial, preservative, solubility, insect repellency and antifreezing properties, and it finds applications in all the above sectors. Methyl alcohol, sorbitol, maltitol, isopropyl alcohol and benzyl alcohol are also used in some applications.

Moreover, increasing prevalence of renewable source of energy is also one of the major as well as important factors which will expected to increase the growth of the industrial alcohol market during the forecast period of 2022-2029.

 Opportunities

• High usage in pharmaceutical sector

The demand for several products is growing, as a result many pharmaceutical companies are collaborating with the industrial alcohol suppliers to source required technical expertise in the manufacture of pharmaceutical products. Many pharmaceutical applications of the product include plasma fractionation, tableting, antibiotics, powders and chemical intermediates. To meet the increasing demand of products, manufacturers are focusing on growing their production capacities, which generate attractive opportunities for the growth of the industrial alcohol market.

Moreover, growing use of methanol as marine fuel and the increasing ethanol applications from emerging countries will further create ample and new opportunities that will lead to the growth of the industrial alcohol market during the forecast period.

Restraints/Challenges

• High manufacturing cost of industrial alcohol

The high costs associated with the raw materials and manufacturing process of industrial alcohol are expected to be a significant factor that can obstruct the growth of the industrial alcohol market during the above mentioned forecast period.

Furthermore, adverse environmental impacts on bioethanol production will likely to further hamper the growth of the market Also, time taken in approval from regulatory organizations will become the foremost and biggest challenge in the market growth during the forecast period of 2022-2029.

This industrial alcohol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial alcohol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

 Covid-19 Impact on Industrial Alcohol Market

The outbreak of COVID-19 has affected several manufacturing and other industries. This pandemic has caused the suspension of industrial alcohol production due to the disrupted supply chain and decrease demand. The industrial alcohol market witnessed a sharp decline in during the due to the imposition of lockdown in several countries. Thus, COVID-19 greatly impacted the growth of the industrial alcohol market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In July 2020, Green Plains extended its facility with Green Plain Wood River LLC to manufacture USP-grade and FCC-grade alcohol meeting FDA specifications. This strategy would allow the company to deal with the demand for alcohol and provide a larger consumer base.
• In March 2020, MGP Ingredients acquired New Columbia Distilleries LLC (US). This acquisition enhanced the company’s hold in the US and allowed it to offer a larger consumer base.
• In May 2020, Cargill and Procter & Gamble collaborated to introduce nature-powered innovative technology to convert lactic acid into bio-based acrylic acid. P&G granted Cargill an exclusive license, allowing Cargill to further commercialize and develop this technology. This ultimately incorporated a wide range of applications from thickeners in household paints to superabsorbent polymers in absorbent hygiene products.

Global Industrial Alcohol Market Scope

The industrial alcohol market is segmented on the basis of type, source, application, purity, functionality and process technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Ethyl Alcohol
• Methyl Alcohol
• Isopropyl Alcohol
• Isobutyl Alcohol
• Other Types

Source

• Sugarcane and Bagasse
• Corn
• Grains
• Molasses
• Fossil Fuels
• Other Sources

 Application

• Fuel
• Chemical Intermediates and Solvents
• Pharmaceuticals
• Personal Care Products
• Food
• Other Applications

Purity

• Denatured Alcohol
• Undenatured Alcohol

Functionality

• Antimicrobial Activity
• Fragrant/Flavoring Agents
• Solubility
• Antifreeze
• Flammability

Volatility

• Process Technology
• Fermentation Method
• Synthetic Method

Industrial Alcohol Market Regional Analysis/Insights

The industrial alcohol market is analysed and market size insights and trends are provided by country, type, source, application, purity, functionality and process technology as referenced above.

The countries covered in the industrial alcohol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the industrial alcohol market in terms of revenue and market share due to increasing number of government initiatives to use methanol as automotive fuel. India dominates the Asia-Pacific industrial alcohol market owing to the growing consumption and production of alcohol.

North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029. U.S. is expected to hold the largest growth rate in industrial alcohol market due to the growing production of ethyl alcohol in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Industrial Alcohol Market Share Analysis

The industrial alcohol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial alcohol market.

Some of the major players operating in the industrial alcohol market are:

• LyondellBasell Industries N.V. (Netherland)
• Exxon Mobil Corporation (U.S.)
• Merck KGaA (Germany)
• Eastman Chemical Company (U.S.)
• ADM (U.S.)
• Dupont (U.S.)
• SOLVAY (Belgium)
• DAIKIN (Japan)
• Dow (U.S.)
• Halocarbon, LLC (U.S.)
• Freudenberg SE (Germany)
• The Chemours Company (U.S.)
• Metalubgroup (Israel)
• M&I Materials Limited (U.K)
• Nye Lubricants, Inc. (U.S.)
• Lubrilog (France)
• ECCO Gleittechnik GmbH (Germany)
• HUSK-ITT Corporation (U.S.)
• Setral Chemie GmbH (Germany)
• IKV Tribology Ltd (Germany)
• Wilmar International Ltd. (Singapore)
• Shell Plc  (Netherlands)

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