Global Industrial Alcohol Market Overview:
According to SPER Market Research, the Global Industrial Alcohol Market is estimated to reach USD 381.54 billion by 2032 with a CAGR of 8.52%.
The sales of industrial alcohol by entities (organisations, sole proprietors, and partnerships) used in the manufacturing of vaccines, compound tonics, syrups, tinctures, liniments, and antiseptics make up the industrial alcohol market. A type of alcohol used in industrial settings is known as industrial alcohol. The most prevalent type of industrial alcohol is ethanol. This alcohol is used to make hand creams, explosives, inks, cosmetics, and detergents. Isopropyl alcohol, methyl alcohol, ethyl alcohol, isobutyl alcohol, and benzyl alcohol are the principal varieties of industrial alcohol. Isopropyl alcohol is a component of numerous externally applied cosmetics and medications. When used internally, isopropyl alcohol has more harmful effects than when used externally. It is an isomer of propyl alcohol and a homologue of ethyl alcohol. Molasses, sugar, grains, and fossil fuels are the sources of the synthetic and natural fermentation processes that are employed. Fuel, chemical intermediates and solvents, pharmaceuticals, personal care items, and culinary additives are only a few of the varied applications.The increasing demand for biofuels among end users for energy security and the rising need for affordable feedstock in the chemical industry are driving up the global market for industrial alcohol. The industrial alcohol market size in the transportation sectors has increased due to the flow of demand for organic solids as a result of the astounding characteristics of such alcohols, such as excessive numbers and higher flammability statistics. Alcohol is now being used more and more as an energy source as a result of the severe energy crisis brought on by the lack of petroleum goods and the rise in the cost-effectiveness of energy.
Impact of COVID-19 on the Global Industrial Alcohol Market
Due to the Covid-19 outbreak, both the company and its international clients now place a high premium on health, hygiene, and safety. The government of a number of countries has been forced to impose severe lockdown procedures on the entire region after the World Health Organization declared a global health emergency. As a result, a variety of manufacturing sectors and businesses have been experiencing both output and income losses. The international industrial alcohol market sector suffered a serious decline during the lockdown, and for the first time, the entire economic sector experienced a significant decline in revenue. Due to the closure of international borders, the majority of industries and manufacturers have been experiencing a labour scarcity in addition to a shortage of raw materials.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Processing Method, By Type, By Application, By Source |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | BASF SE, Birla Sugar, Cargill Inc, Cristalo, Flint Hills Resources, Green Plain Inc, Greenfield Specialty Alcohols, MGP Ingredients Inc, Sigma Aldrich, The Andersons Inc.
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Global Industrial Alcohol Market Segmentation:
By Processing Method: Based on the Processing Method, Global Industrial Alcohol Market is segmented as; Fermentation, Synthetic.
By Type: Based on the Type, Global Industrial Alcohol Market is segmented as; Benzyl Alcohol
Ethyl Alcohol, Isobutyl Alcohol, Isopropyl Alcohol, Methyl Alcohol.
By Application: Based on the Application, Global Industrial Alcohol Market is segmented as; Chemical Intermediates and Solvent, Food Ingredients, Fuel, Personal Care Products, Pharmaceuticals.
By Source: Based on the Source, Global Industrial Alcohol Market is segmented as; Molasses,Sugar,Grains, Fossil Fuels.
By Region: The biggest market share of the global industrial alcohol market sectors has been held by South America. All of these nations' governments consistently concentrate on producing a large number of goods, which serves to boost the market's most significant players in the many international business sectors. To boost their rate of production, nations like the US, Canada, and Mexico have been making several adjustments to new business and industrial sectors.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis6
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Industrial Alcohol Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Industrial Alcohol Market, By Processing Method, 2019-2032 (USD Million)
6.1. Fermentation
6.2. Synthetic
7. Global Industrial Alcohol Market, By Type, 2019-2032 (USD Million)
7.1. Benzyl Alcohol
7.2. Ethyl Alcohol
7.3. Isobutyl Alcohol
7.4. Isopropyl Alcohol
7.5. Methyl Alcohol
8. Global Industrial Alcohol Market, By Application, 2019-2032 (USD Million)
8.1. Chemical Intermediates and Solvent
8.2. Food Ingredients
8.3. Fuel
8.4. Personal Care Products
8.5. Pharmaceuticals
9. Global Industrial Alcohol Market, By Source, 2019-2032 (USD Million)
9.1. Molasses
9.2. Sugar
9.3. Grains
9.4. Fossil Fuels
10. Global Industrial Alcohol Market, By Region, 2019-2032 (USD Million)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. Germany
10.2.2. United Kingdom
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
10.5. Middle East & Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Rest of Middle East & Africa
11. Company Profiles
11.1 BASF SE
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2 Birla Sugar
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3 Cargill Inc.
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4 Cristalo
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5 Flint Hills Resources
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6 Green Plain Inc.
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7 Greenfield Specialty Alcohols
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8 MGP Ingredients Inc.
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9 Sigma Aldrich
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10 The Anderson Inc.
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
