Industrial Alcohol Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Industrial Alcohol Market: Type ( Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol), By Preparation (Fermentation, Synthetic), By Source (Sugar and Molasses, Grains, Corn, Fossil Fuels, Others), Application (Fuel,  Personal Care Products, Pharmaceuticals, Chemical Intermediate and Solvent), By Geography

 

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Report

Description

Industrial Alcohol Market size was valued at USD  130.8 billion in 2021, growing at a significant CAGR of 8.2% from 2022-28. Industrial Alcohol market is highly fragmented in nature with the nearness of a few worldwide and provincial players. The presentation of biofuel lessened the measure of petroleum derivative devoured by oil-bringing in nations prompting drop in worldwide raw petroleum costs. Ethanol and raw petroleum are moving in unmistakably inverse ways. In most recent couple of years, the ecological effects by maker in modern liquor advertise have been essentially diminished. The biological effects related with oil utilization as a transportation fuel and feedstock keep on putting weight on significant oil makers. Producers of ethanol, for example, HPCL Biofuels Limited utilize molasses and use aging, multi-weight refining and atom strainer advancements and market ethanol as condition amicable fuel though makers occupied with the creation of sugar and its related items, and preparing of grains. Ethanol or industrial alcohol, likewise called ethyl alcohol, pure alcohol, grain alcohol, or drinking alcohol, is an unstable, combustible, lackluster fluid derived straightforwardly from molasses. Ethanol fuel is the most widely recognized biofuel around the world, especially in Brazil. Liquor fills are created by the aging of sugars got from wheat, corn, sugar beets, sugar stick, molasses and any sugar or starch that mixed drinks can be produced using (like potato and organic product squander, and so forth.). The ethanol generation strategies utilized are compound absorption (to discharge sugars from stored starches), maturation of the sugars, refining, and drying. The refining procedure requires critical vitality contribution for warm. The report studies global Industrial alcohol market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.

Industrial Alcohol Market

MARKET SUMMARY
-
8.2% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR–8.2%
  • Largest Market– North America
  • Fastest Market- Asia Pacific

Industrial Alcohol Market Analysis

  • Industrial Alcohol Market is expanding at significant CAGR over 2022 to 2028 owing to the growing number of road accidents.
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Industrial Alcohol Market.
  • Birla Sugar Mills Ltd, Grain Processing Corporation have extended their item portfolio by including ethanol to their current results of sugar, corn and corn based products.
Key Players
  • BASF SE (Germany)
  • Cargill, Incorporated (U.S.)
  • Exxon Mobil Corporation (U.S.)
  • Raizen (Brazil)
  • Eastman Chemical Company (U.S.)
Industrial Alcohol Market Drivers and Restraints

The worldwide industrial alcohols market is driven by in the developing interest for biofuels among end clients for vitality security and expanding interest for low-evaluated feedstock in the compound business. Also, surge sought after for natural solvents because of excellent properties of these alcohols, for example, high-octane number and greater combustibility qualities help the market development in transportation. Likewise, lack of oil and ascend in costs of vitality have exasperated the issue of vitality emergency; prompting expanding usage of alcohols as a vitality source. Further, bioethanol is blended with gas and diesel for use as a fuel in vehicles. Also, government commands to utilize 22% ethanol mixed oil in Brazil combined with mix of 10% ethanol with petroleum (gasohol) in the U.S. for routine use in autos have impelled the industrial alcohols market development.


North-America Got Significant Share

Industrial Alcohol Market Regional Analysis

North American region is assessed to hold a huge offer in the worldwide industrial alcohol market, though Asia-Pacific is anticipated to develop at the most elevated CAGR amid the estimated time frame. Stringent regulations in the vitality division forced by the administration expanded customer awareness on condition security and carbon outflows, solid strategic offices, and progressed mechanical advancements. Improvement of ethanol from agricultural wastes and algae is one of the most recent patterns in the industrial alcohol industry of nations, like the U.S. and Canada. The Asia-Pacific market is driven by the developing interest for industrial alcohol in developing nations, for example, India, China, and Thailand.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis
Industrial Alcohol Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The industrial alcohol market is projected to expand at a CAGR of 8.2% during the forecast period.

 

BASF SE (Germany), Cargill, Incorporated (U.S.), Exxon Mobil Corporation (U.S.), Raizen (Brazil), Eastman Chemical Company (U.S.)

North America is the fastest-growing region for the industrial alcohol market


Report

Table Of Content


Report

Company Profile

  • BASF SE (Germany)
  • Cargill, Incorporated (U.S.)
  • Exxon Mobil Corporation (U.S.)
  • Raizen (Brazil)
  • Eastman Chemical Company (U.S.)
  • Royal Dutch Shell plc (Netherlands)
  • MGP (U.S.)
  • Greenfield Global, Inc. (Canada)
  • Cristalco (France)
  • Green Plains Inc. (U.S.)

Description

Industrial Alcohol Market size was valued at USD  130.8 billion in 2021, growing at a significant CAGR of 8.2% from 2022-28. Industrial Alcohol market is highly fragmented in nature with the nearness of a few worldwide and provincial players. The presentation of biofuel lessened the measure of petroleum derivative devoured by oil-bringing in nations prompting drop in worldwide raw petroleum costs. Ethanol and raw petroleum are moving in unmistakably inverse ways. In most recent couple of years, the ecological effects by maker in modern liquor advertise have been essentially diminished. The biological effects related with oil utilization as a transportation fuel and feedstock keep on putting weight on significant oil makers. Producers of ethanol, for example, HPCL Biofuels Limited utilize molasses and use aging, multi-weight refining and atom strainer advancements and market ethanol as condition amicable fuel though makers occupied with the creation of sugar and its related items, and preparing of grains. Ethanol or industrial alcohol, likewise called ethyl alcohol, pure alcohol, grain alcohol, or drinking alcohol, is an unstable, combustible, lackluster fluid derived straightforwardly from molasses. Ethanol fuel is the most widely recognized biofuel around the world, especially in Brazil. Liquor fills are created by the aging of sugars got from wheat, corn, sugar beets, sugar stick, molasses and any sugar or starch that mixed drinks can be produced using (like potato and organic product squander, and so forth.). The ethanol generation strategies utilized are compound absorption (to discharge sugars from stored starches), maturation of the sugars, refining, and drying. The refining procedure requires critical vitality contribution for warm. The report studies global Industrial alcohol market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.

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