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 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.

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Scope of the Industrial Alcohol Market Report: 

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

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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)
• MI 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)

Industrial Alcohol Market Regional Analysis/Insights

The Industrial Alcohol market is analyzed and market size insights and trends are provided by country, material type, end user and application 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, Israel, Egypt, South Africa, 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.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Industrial Alcohol within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Industrial Alcohol market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.

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