Industrial Alcohol Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

The industrial alcohol market is estimated to reach USD 93.3 billion in 2020 and is projected to account for USD 112.0 billion by 2025, recording a CAGR of 3.7% during the forecast period. The global industrial alcohol market is projected to grow in the coming years attributed to the growing consumer awareness and increasing demand for alcohol-based sanitizers and disinfectants. There is a rising demand for fuel grade ethyl alcohol which is used as a blend in transportation fuels.  The North American region dominates in grain and corn production used for ethyl alcohol manufacturing. The Asia pacific region is projected to grow at the highest growth rate.

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Market Dynamics

Drivers

·         Growth in demand for bioethanol

·         Rise in demand for methanol from end-use industries

·         Increase in the use of alcohol in a wide spectrum of applications

·         Rise in global trade in alcohol

Restraints

·         Fluctuating prices of raw material

·         The use of fuel-grade ethanol in comparison to methanol

Opportunities

·         Emerging markets: new growth frontiers

·         Advent of greener ethyl alcohol sources

·         Use of methanol as a marine fuel

Challenges

·         Approval from various regulatory bodies

·         Adverse environmental impact of bioethanol production

·         A challenging capital cost environment

Based on type of industrial alcohol Isobutyl alcohol is a flammable liquid that should be stored and used in well-ventilated areas. It is moderately irritating on the skin and greatly irritating to the eyes, mucous membranes, and respiratory tract.  It is also secondary alcohol, which finds application mainly in the manufacture of chemical intermediates and solvents. As the demand for the chemical intermediate and solvents is rising, thus the demand for isobutyl is also increasing in the industrial alcohol market.

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The Asia Pacific industrial alcohol is projected to grow at the fastest growth rate during the forecast period.  Agricultural raw material sources for the production of industrial alcohol is widely used such as corn, millets, rice and other crops. Hence, the consumption of industrial alcohol is projected to increase in the next five years. It is one of the largest regions that has adequate organic agricultural land area, due to which the demand for agricultural livestock for industrial alcohol remains high in this region.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the industrial alcohol market. It consists of the profiles of leading companies, such as Cargill (US), Raizen Energia (Brazil), Green Plains Inc (US), Cristalco (France) and MGP Ingredients (US). Other players include, The Andersons Inc (US), Sigma-Aldrich (US), Grain processing Corporation (U.S.US), Greenfield Global Inc. Specialty Alcohols (Canada), and Flint Hills Resources (US).,   Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), Eastman Chemical Company (US), Dow Chemical Company (US), LyondellBasell Industries (Netherlands), Linde plc (Ireland), EcoLab (US), Univar Solutions (US), Archer Daniels Midland (ADM) (US), and Wilmar International (Singapore).