The global industrial alcohols market reached a value of US$ 125 billion in 2021. Looking forward, the market is projected to reach US$ 199.5 billion by 2027, exhibiting at a CAGR of 8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Industrial alcohols are derived by blending and modifying chemicals with natural gas and petroleum products. They usually vary from pure ethyl alcohol to isopropanol, methanol, and glycerol. Amongst these, ethyl alcohol is employed in the food and beverage (F&B) industry to produce alcoholic beverages as it is volatile, flammable, clear, and colorless with a characteristic odor. In addition, isopropanol is widely used in hand wipes, disinfectants, hand sanitizers, and spray-in-air or ultrasonic products on account of its anti-bacterial properties. Nowadays, several manufacturers are introducing a range of consistent, high-quality, non-genetically modified organisms (GMO), organic, and other specialty alcohols.
The outbreak of coronavirus disease (COVID-19) and the surging need for surface disinfectants in hospitals, medical centers, and public places are positively influencing the demand for industrial alcohols across the globe. It can also be attributed to the widespread use of hand sanitizers to prevent the spread of the pandemic. Moreover, they are employed in the pharmaceutical industry as a carrier for medicinal drugs, such as cough preparations, iodine solutions, decongestants, and antibiotics. This, coupled with the growing prevalence of chronic diseases, is catalyzing the demand for medicines and industrial alcohols. Apart from this, industrial alcohols play a significant role in manufacturing flavors and extracts, food dyes, candy glazes, yeast, sprays, and animal feed supplements. Therefore, the emerging trend of convenience and packaged food products is driving the market. In addition, they are utilized in the formulation of deodorants, perfumes, colognes, lotions, mouthwashes, soaps, and shampoos. This, in confluence with the increasing focus on personal health and hygiene, is expanding the application of industrial alcohols in the personal care industry worldwide.
This report provides an analysis of the key trends in each sub-segment of the global industrial alcohols market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, source, purity, processing method and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cargill Incorporated, Dow Inc., Eastman Chemical Company, Exxon Mobil Corporation, Flint Hills Resources (Koch Industries Inc.), Grain Processing Corporation (Kent Corporation), Green Plains inc., Greenfield Global Inc., Merck KGaA, MGP Ingredients Inc., Univar Solutions Inc. and Wilmar International Inc.
Industrial alcohols are derived by blending and modifying chemicals with natural gas and petroleum products. They usually vary from pure ethyl alcohol to isopropanol, methanol, and glycerol. Amongst these, ethyl alcohol is employed in the food and beverage (F&B) industry to produce alcoholic beverages as it is volatile, flammable, clear, and colorless with a characteristic odor. In addition, isopropanol is widely used in hand wipes, disinfectants, hand sanitizers, and spray-in-air or ultrasonic products on account of its anti-bacterial properties. Nowadays, several manufacturers are introducing a range of consistent, high-quality, non-genetically modified organisms (GMO), organic, and other specialty alcohols.
Industrial Alcohols Market Trends
The outbreak of coronavirus disease (COVID-19) and the surging need for surface disinfectants in hospitals, medical centers, and public places are positively influencing the demand for industrial alcohols across the globe. It can also be attributed to the widespread use of hand sanitizers to prevent the spread of the pandemic. Moreover, they are employed in the pharmaceutical industry as a carrier for medicinal drugs, such as cough preparations, iodine solutions, decongestants, and antibiotics. This, coupled with the growing prevalence of chronic diseases, is catalyzing the demand for medicines and industrial alcohols. Apart from this, industrial alcohols play a significant role in manufacturing flavors and extracts, food dyes, candy glazes, yeast, sprays, and animal feed supplements. Therefore, the emerging trend of convenience and packaged food products is driving the market. In addition, they are utilized in the formulation of deodorants, perfumes, colognes, lotions, mouthwashes, soaps, and shampoos. This, in confluence with the increasing focus on personal health and hygiene, is expanding the application of industrial alcohols in the personal care industry worldwide.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global industrial alcohols market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, source, purity, processing method and application.
Breakup by Type:
- Isopropyl Alcohol
- Methyl Alcohol
- Ethyl Alcohol
- Isobutyl Alcohol
- Benzyl Alcohol
- Others
Breakup by Source:
- Sugarcane and Bagasse
- Corn
- Grains
- Molasses
- Fossil Fuels
- Others
Breakup by Purity:
- Denatured Alcohol
- Undenatured Alcohol
Breakup by Processing Method:
- Fermentation
- Synthetic
Breakup by Application:
- Food Ingredient
- Transportation Fuel and Fuel Additives
- Chemical Intermediates
- Pharmaceutical
- Personal Care
- Detergent and Cleaning Chemicals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cargill Incorporated, Dow Inc., Eastman Chemical Company, Exxon Mobil Corporation, Flint Hills Resources (Koch Industries Inc.), Grain Processing Corporation (Kent Corporation), Green Plains inc., Greenfield Global Inc., Merck KGaA, MGP Ingredients Inc., Univar Solutions Inc. and Wilmar International Inc.
Key Questions Answered in This Report
- How has the global industrial alcohols market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global industrial alcohols market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the purity?
- What is the breakup of the market based on the processing method?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global industrial alcohols market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Industrial Alcohols Market
What is the estimated value of the Global Industrial Alcohols Market?
What is the growth rate of the Global Industrial Alcohols Market?
What is the forecasted size of the Global Industrial Alcohols Market?
Who are the key companies in the Global Industrial Alcohols Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 125 Billion |
| Forecasted Market Value ( USD | $ 199.5 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Industrial Alcohols Market
6 Market Breakup by Type
7 Market Breakup by Source
8 Market Breakup by Purity
9 Market Breakup by Processing Method
10 Market Breakup by Application
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Cargill Incorporated
- Dow Inc.
- Eastman Chemical Company
- Exxon Mobil Corporation
- Flint Hills Resources (Koch Industries Inc.)
- Grain Processing Corporation (Kent Corporation)
- Green Plains inc.
- Greenfield Global Inc.
- Merck KGaA
- MGP Ingredients Inc.
- Univar Solutions Inc.
- Wilmar International Inc
Methodology
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