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Industrial Alcohol - Global Market Trajectory & Analytics

  • ID: 4805481
  • Report
  • May 2020
  • Region: Global
  • 745 pages
  • Global Industry Analysts, Inc
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The global market for Industrial Alcoholis projected to reach US$160.4 billion by 2025, despite the short-term pain estimated for the industry as a result of the ongoing pandemic. The COVID-19 pandemic is having a considerable impact on world economy and all industries. The imposition of travel bans, quarantines and lockdowns in several key economies are leading to slowdown in supply chain, creating uncertainty in the stock market, and affecting business confidence levels, besides causing panic among the world population The COVID-19 pandemic has disrupted majority of economic activities across countries, and is anticipated to result in another phase of slowdown. In addition to adversely affecting the global economy, the outbreak is bound to have a major impact on Asian economies as a result of weak trade, domestic demand, production, tourism and supply chain disruptions. The pandemic is estimated to cost trillions of dollars to the global economy. Commodity-rich exporting countries are expected to experience a US$2- US$3 trillion fall in investments in the near term.In short, as global business activity contracts and the economy comes virtually to a standstill, manufacturing PMI indices are in sharp declines lower than the 2009 recession. Global GDP is expected to decline to 1.5%-2.0% as against the projected 3% growth before the pandemic. Lockdown across countries worldwide, suspension of the transportation, disruptions in supply chains have resulted in global PMI falling from 50.4 in January 2020 to 46.1 points in February-2020 to an unbelievable 39.4 points in March-2020. Essentially distilled ethanol, industrial alcohol finds use in a broad spectrum of applications ranging from biofuel and personal care to pharmaceuticals, all of which will witness the impact of the COVID-19 pandemic now and in the coming years. Although, there is now increased demand forethanol used in hand sanitizers, the increase is unlikely to reduce the short-term pain for the industry in the year 2020. Hand sanitizers and disinfectants become one of the most sought after products in hospitals, nursing homes, offices and homes to reduce the risk of infection from coronavirus. Similar to other viral respiratory infections such as flu, novel coronavirus is spread through virus-laden droplets transferred from an infected person or by touching surfaces contaminated with the virus. Alcohol-based hand sanitizers contain between 60 percent and 95 percent of isopropyl alcohol, ethanol or n-propanol are known to be very effective in killing the virus. Hence hand based sanitizers with more than 60% ethanol and 70% isopropanol is recommended for hand hygiene, primarily in healthcare settings. Against the backdrop of escalating demand for hand sanitizers and other disinfectants to tackle the spread of novel coronavirus, consumption of ethanol used in sanitizers now exceeds millions of gallons. Demand is expected to remain significant as every country is looking for strategies to control the spread and prevent their health systems from being overwhelmed. Amid the ongoing public health crisis, companies are ramping up production of industrial alcohol used in making of hand sanitizers and commercial disinfectants. Companies ranging from alcohol distillers to producers of biofuels are shifting to temporary production of industrial ethanol to address the widening supply gap.

Competitors identified in this market include, among others:

BASF SE, Birla Sugar, Cargill, Incorporated, Cristalco SAS, Flint Hills Resources, LLC, Grain Processing Corporation, Green Plains Inc, Greenfield Global Inc, HPCL Biofuels Limited, MGP Ingredients, Raizen S.A, Merck KGaA, The Andersons Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Industrial Alcohol: An Introduction
Ethyl Alcohol or Ethanol
Methyl Alcohol or Methanol
Isopropyl Alcohol
Isobutyl Alcohol
Benzyl Alcohol
Industrial Alcohol Market: Prospects and Outlook
Ethyl Alcohol Dominates Global Industrial Alcohol Market
Fuel Emerges as the Largest End-Use Application Market
Feedstock Usage in Industrial Alcohols
High Growth Opportunities in Emerging Economies
Competition
Recent Market Activity
Impact of Covid-19

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Expanding Range of Applications for Industrial Alcohol Boosts Market Prospects
Rising Importance of Alternative Fuels and Government Support for Biofuels Augurs Well for the Industrial Alcohol Market
Ethanol Production Scenario
Global Fuel Ethanol Production (in Million Gallons) for 2019
Leading Fuel Ethanol Producers Globally in Million Gallons: 2019
Fuel Ethanol Production Capacity in the US (in Billion Gallons Per Year) for the Period 2015-2019
European Ethanol Market by End-Use (in % of Production Volume) for 2019
European Renewable Ethanol Production (Volume Share) by Feedstock: 2019
Rising Demand for Ethanol as Fuel Spurs Market Prospects
Increasing Trend towards Ethanol Blending with Gasoline Fuels Market Prospects
Automotive Industry Dynamics Influence Demand Trends in Ethanol Market
Global Passenger Car Sales (In Million Units) for the Years 2010-2024
Growing Use of Industrial Alcohol in Personal Care Industry
World Beauty and Personal Care Products Market (in US$ Billion) for Years for Years 2019, 2021, 2023, & 2025
Demand for Industrial Alcohol on the Rise from Pharmaceutical Industry
Amidst the COVID-19 Pandemic, Rising Demand for Hand Sanitizers Boosts Prospects for Denatured Alcohol Market
Opportunity Indicator: Global Hand Sanitizer Market (In Billion US$) for the Years 2019, 2021, 2023 & 2025
Chemical Industry Evolves as a Major End-Use Market for Industrial Alcohol
Methyl Alcohol Market Benefits from Myriad Applications
Global Methanol Production Capacity in Million Metric Tons for 2018 and 2030
Global Methanol Production Capacity Breakdown (in %) by Region: 2019
Isopropyl Alcohol Market: Growing Applications in Diverse Markets Fuels Prospects
Rising Demand for Disinfectants Augurs Well for Isopropyl Alcohol Market: Global Antiseptic & Disinfectants Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
Widespread Availability of Feedstock for Industrial Alcohol Favors Market Growth
Global Ethanol Market by Feedstock (in %) for 2019

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

CANADA
JAPAN
CHINA
EUROPE

FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 101
Note: Product cover images may vary from those shown
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