Global Industrial Alcohol Market Size Study, by Source, by Purity, by Grade, by Functionality, by Process Technology, by Type, by Application, and Regional Forecasts 2022-2032

Description

Global Industrial Alcohol Market is valued at approximately USD 140.1 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2024-2032. Industrial alcohol, a versatile ethanol-based product, finds its utilization across various non-beverage applications, from pharmaceuticals to fuels and solvents. This form of alcohol is denatured to prevent consumption, differentiating it from beverage-grade ethanol. The burgeoning demand for industrial alcohol is propelled by the rise in biofuel adoption driven by environmental concerns, the expansion of the pharmaceutical and personal care industries, and the increasing need for solvents in the chemical and paint manufacturing sectors. Nonetheless, sustainability issues surrounding crop-based ethanol production and its competition with food supply present considerable challenges. Furthermore, the flammability and health risks associated with industrial alcohol necessitate stringent handling and storage protocols.

Corn and sugarcane-based industrial alcohol dominate due to their renewable nature. Corn is extensively used for ethanol production, primarily as a biofuel additive and in chemical feedstocks, bolstered by global renewable fuel standards and emission reduction policies. Sugarcane, especially in Brazil, serves as a vital raw material for ethanol production. Additionally, bagasse, a by-product of sugarcane processing, is utilized for bioenergy and bioethanol, offering a sustainable alternative to fossil fuels.

The Industrial Alcohol Market spans various applications, including the production of chemical intermediates and solvents. In the food industry, industrial alcohol acts as a preservative and flavoring agent, requiring high purity standards. As a fuel additive, ethanol enhances combustion efficiency and reduces emissions, particularly when derived from renewable sources like corn and sugarcane. In personal care products, industrial alcohols are valued for their antiseptic and astringent properties, essential in perfumes, lotions, and cosmetics. The pharmaceutical sector utilizes industrial alcohols for medication formulation, sterilization, and as solvents, adhering to strict purity and regulatory standards.

The key regions considered for the Global Industrial Alcohol Market study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Industrial Alcohol Market in the Americas, particularly the United States, is robust, driven by significant consumption in pharmaceuticals, fuels, and personal care industries. Advanced production technologies and large-scale facilities support high output, with corn as a primary feedstock. In the APAC region, the market thrives at a fastest rate due to increasing demand in countries like China and India, heavily relying on industrial alcohol for chemicals, pharmaceuticals, and food industries.

Major market players included in this report are:

Archer-Daniels-Midland Company
Barentz BV
BASF SE
Birla Sugar Ltd.
Brenntag SE
Bunge North America Inc.
Cargill, Inc.
Cristalco SAS
Distillerie Mazzari S.p.A.
Eastman Chemical Company
Ecolab Inc.
Exxon Mobil Corporation
Grain Processing Corporation
Green Plains Inc.
Greenfield Global, Inc.

The detailed segments and sub-segment of the market are explained below:

By Source:

Corn
Fossil Fuels
Grains
Molasses
Sugarcane & Bagasse

By Purity:

Denatured Alcohol
Undenatured Alcohol

By Grade:

Grade 1
Grade 2
Special Grade

By Functionality:

Antifreeze
Antimicrobial Activity
Flammability & Volatility
Fragrant/Flavoring Agents
Solubility

By Process Technology:

Fermentation Method
Synthetic Method

By Type:

Primary Alcohols
Secondary Alcohols
Tertiary Alcohols

By Application:

Chemical Intermediates & Solvents
Food
Fuel
Personal Care Products
Pharmaceuticals

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Industrial Alcohol Market Executive Summary

1.1. Global Industrial Alcohol Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Source
- 1.3.2. By Purity
- 1.3.3. By Grade
- 1.3.4. By Functionality
- 1.3.5. By Process Technology
- 1.3.6. By Type
- 1.3.7. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Industrial Alcohol Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Industrial Alcohol Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Adoption of Biofuels
- 3.1.2. Expansion of Pharmaceutical and Personal Care Industries
- 3.1.3. Growing Need for Solvents in Manufacturing
3.2. Market Challenges
- 3.2.1. Sustainability Concerns of Crop-Based Ethanol
- 3.2.2. Competition with Food Supply
- 3.2.3. Hazardous Nature of Handling and Storage
3.3. Market Opportunities
- 3.3.1. Advances in Biotechnology
- 3.3.2. Renewable Sources for Chemical Manufacturing
- 3.3.3. Development of Next-Generation Bioethanol

Chapter 4. Global Industrial Alcohol Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Alcohol Market Size & Forecasts by Source 2022-2032

5.1. Segment Dashboard
5.2. Global Industrial Alcohol Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Corn
- 5.2.2. Fossil Fuels
- 5.2.3. Grains
- 5.2.4. Molasses
- 5.2.5. Sugarcane & Bagasse

Chapter 6. Global Industrial Alcohol Market Size & Forecasts by Purity 2022-2032

6.1. Segment Dashboard
6.2. Global Industrial Alcohol Market: Purity Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Denatured Alcohol
- 6.2.2. Undenatured Alcohol

Chapter 7. Global Industrial Alcohol Market Size & Forecasts by Grade 2022-2032

7.1. Segment Dashboard
7.2. Global Industrial Alcohol Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Grade 1
- 7.2.2. Grade 2
- 7.2.3. Special Grade

Chapter 8. Global Industrial Alcohol Market Size & Forecasts by Functionality 2022-2032

8.1. Segment Dashboard
8.2. Global Industrial Alcohol Market: Functionality Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Antifreeze
- 8.2.2. Antimicrobial Activity
- 8.2.3. Flammability & Volatility
- 8.2.4. Fragrant/Flavoring Agents
- 8.2.5. Solubility

Chapter 9. Global Industrial Alcohol Market Size & Forecasts by Process Technology 2022-2032

9.1. Segment Dashboard
9.2. Global Industrial Alcohol Market: Process Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Fermentation Method
- 9.2.2. Synthetic Method

Chapter 10. Global Industrial Alcohol Market Size & Forecasts by Type 2022-2032

10.1. Segment Dashboard
10.2. Global Industrial Alcohol Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 10.2.1. Primary Alcohols
- 10.2.2. Secondary Alcohols
- 10.2.3. Tertiary Alcohols

Chapter 11. Global Industrial Alcohol Market Size & Forecasts by Application 2022-2032

11.1. Segment Dashboard
11.2. Global Industrial Alcohol Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 11.2.1. Chemical Intermediates & Solvents
- 11.2.2. Food
- 11.2.3. Fuel
- 11.2.4. Personal Care Products
- 11.2.5. Pharmaceuticals

Chapter 12. Global Industrial Alcohol Market Size & Forecasts by Region 2022-2032

12.1. North America Industrial Alcohol Market
- 12.1.1. U.S. Industrial Alcohol Market
  - 12.1.1.1. Source breakdown size & forecasts, 2022-2032
  - 12.1.1.2. Application breakdown size & forecasts, 2022-2032
- 12.1.2. Canada Industrial Alcohol Market
12.2. Europe Industrial Alcohol Market
- 12.2.1. U.K. Industrial Alcohol Market
- 12.2.2. Germany Industrial Alcohol Market
- 12.2.3. France Industrial Alcohol Market
- 12.2.4. Spain Industrial Alcohol Market
- 12.2.5. Italy Industrial Alcohol Market
- 12.2.6. Rest of Europe Industrial Alcohol Market
12.3. Asia-Pacific Industrial Alcohol Market
- 12.3.1. China Industrial Alcohol Market
- 12.3.2. India Industrial Alcohol Market
- 12.3.3. Japan Industrial Alcohol Market
- 12.3.4. Australia Industrial Alcohol Market
- 12.3.5. South Korea Industrial Alcohol Market
- 12.3.6. Rest of Asia Pacific Industrial Alcohol Market
12.4. Latin America Industrial Alcohol Market
- 12.4.1. Brazil Industrial Alcohol Market
- 12.4.2. Mexico Industrial Alcohol Market
- 12.4.3. Rest of Latin America Industrial Alcohol Market
12.5. Middle East & Africa Industrial Alcohol Market
- 12.5.1. Saudi Arabia Industrial Alcohol Market
- 12.5.2. South Africa Industrial Alcohol Market
- 12.5.3. Rest of Middle East & Africa Industrial Alcohol Market

Chapter 13. Competitive Intelligence

13.1. Key Company SWOT Analysis
13.2. Top Market Strategies
13.3. Company Profiles
- 13.3.1. Archer-Daniels-Midland Company
  - 13.3.1.1. Key Information
  - 13.3.1.2. Overview
  - 13.3.1.3. Financial (Subject to Data Availability)
  - 13.3.1.4. Product Summary
  - 13.3.1.5. Market Strategies
- 13.3.2. BASF SE
- 13.3.3. Exxon Mobil Corporation
- 13.3.4. Barentz BV
- 13.3.5. Birla Sugar Ltd.
- 13.3.6. Brenntag SE
- 13.3.7. Bunge North America Inc.
- 13.3.8. Cargill, Inc.
- 13.3.9. Cristalco SAS
- 13.3.10. Distillerie Mazzari S.p.A.
- 13.3.11. Eastman Chemical Company
- 13.3.12. Ecolab Inc.
- 13.3.13. Grain Processing Corporation
- 13.3.14. Green Plains Inc.
- 13.3.15. Greenfield Global, Inc.

Chapter 14. Research Process

14.1. Research Process
- 14.1.1. Data Mining
- 14.1.2. Analysis
- 14.1.3. Market Estimation
- 14.1.4. Validation
- 14.1.5. Publishing
14.2. Research Attributes