The global industrial alcohol market size was valued at USD 155 billion in 2023, and it is anticipated to reach USD 315.84 billion by 2032 at a CAGR of 8.23%.
It is projected that growing consumer awareness and expanding hygiene product demand will enhance the growth of the industrial alcohol market and raise demand for personal care products. Due to the increase in demand for biofuel and its widespread use in the production of solvents and chemical intermediates, "ethyl alcohol" is the type segment with the quickest growth rate. A variety of high-quality, non-genetically modified organisms (GMO), organic, consistent, and other specialised alcohols are currently being released on the market by different manufacturers.
The pharmaceutical industry uses isopropyl alcohol to make hand sanitizers, oral mouthwashes, disinfection pads, and eardrops. Additionally, expanding product usage in the personal care and cosmetics industries, high evaporation rates, and low toxicity are some of the key factors that will enhance the demand for isopropyl throughout the projected period and therefore propel the expansion of the industrial alcohol market.
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The Industrial Alcohol market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Industrial Alcohol market. On the basis of historic growth analysis and current scenario of Industrial Alcohol market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Industrial Alcohol market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Industrial Alcohol market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Industrial Alcohol market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Industrial Alcohol Market: Major Players
- Ethanol Company Ltd.
- Greenfield Specialty Alcohols
- Eastman Chemical
- Dollex Industries
- Cargill Inc
- Grain Millers Inc.
- Lanxess
- Green Plains Inc.
- BASF SE
- Birla Sugar
- The Andersons Inc.
- MGP Ingredients Inc.
- Haike Chemical Group
- Khemani Group
- Cristalco SAS
- Exxon Mobil Corporation
- Praj Industries
- Sigma Aldrich
- Flint Hills Resources
Global Industrial Alcohol Market: Types
- Ethyl Alcohol
- Methyl Alcohol
- Isopropyl Alcohol
- Isobutyl Alcohol
- Others
Global Industrial Alcohol Market: Applications
- Food Ingredient
- Chemical Intermediates
- Pharmaceutical
- Personal Care
- Detergent Cleaning Chemicals
- Transportation Fuel Fuel Additives
- Others
Global Industrial Alcohol Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Industrial Alcohol market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.
Global Industrial Alcohol Market Restraints:
The production of industrial alcohol using fossil fuels has a significant detrimental effect on the environment due to water contamination and depletion. Alcohol production requires a large number of dangerous substances as basic materials. When these harmful compounds are released into the atmosphere, the biosphere is impacted. Strict government regulations governing environmental issues limit the production of industrial alcohol, which also limits the market's growth. Due to their high cost, isopropyl and butyl synthesis expenses are also anticipated to impede market expansion.
FREQUENTLY ASKED QUESTIONS
- At what growth rate will the market be projected to grow during the forecast period of 2022 to 2029?
- What will be the market value in the future?
- Who are the major players operating in the market?
- Which countries data are covered in the report?
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