The Business Research Company’s report on the Industrial Alcohol Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the industrial alcohol market’s growth in recent years?
The increasing demand for biofuels among end-users is significantly contributing to the growth of the industrial alcohol market going forward. Biofuel, such as ethanol, is a renewable energy source made from microbial, plant, or animal waste. It is an alcohol that is also used in gasoline as a blending ingredient to boost octane and reduce carbon monoxide and other smog-causing pollutants to minimize air pollution. In order to lower air pollution and energy costs, alternative fuels such as biodiesel and alcohol are being used in engine technology. For instance, In 2022, according to the U.S. Energy Information Administration, the ethanol blend rate in U.S. gasoline reached a new high of 10.39%. This increase signifies a continued recovery in ethanol volumes from the lower levels experienced during the pandemic. U.S. ethanol production saw a 2% rise, reaching 15.36 billion gallons, while domestic consumption also grew slightly to 13.98 billion gallons. The figures highlight the ongoing commitment to incorporating ethanol into gasoline to help reduce air pollution and support sustainable fuel practices. Therefore, increasing demand for biofuels among end-users is driving the demand for the growth of the industrial alcohol market.
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How does the future projection of the industrial alcohol market size compare to its historical growth?
The industrial alcohol market size has grown rapidly in recent years. It will grow from $177.6 billion in 2024 to $198.18 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increased ethanol fuel production, growth in pharmaceuticals and healthcare, growth beverage and food industry, rise in chemical manufacturing, increased use in cleaning and sanitization.
The industrial alcohol market size is expected to see rapid growth in the next few years. It will grow to $334.18 billion in 2029 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to increasing renewable energy, rising demand hand sanitizers and disinfectants, rising demand for alcoholic beverages, increasing demand from personal care products, emphasis on sustainable chemicals. Major trends in the forecast period include ethanol for hand sanitizers, demand for ethanol as a fuel additive, distillation and purification technologies, industrial alcohol as solvent, food-grade alcohol production.
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Which key players are shaping the future of the industrial alcohol market?
Major companies operating in the industrial alcohol market include Cargill Incorporated, Cristalco SAS, Raizen Energia SA, MGP Ingredients Inc., Green plains Inc., Sigma-Aldrich, Grain Millers Inc., The Andersons Inc., BASF SE, Royal Dutch shell plc, Exxon mobil corporation, Univar Solutions, BIRLA SUGAR, Valero Energy Corporation, Flint Hills Resources, Roquette Freres SA, Jiangsu Lianhai Biological Technology Co. Ltd., Shell Chemicals, Cosan S.A., Celanese Corporation, Novozymes A/S, Solvay S.A., IG Petrochemicals, Aemetis Inc., Vantage Oleochemicals, Pannonia Bio, ACI Alloys Inc.
What trends will propel the growth and evolution of the industrial alcohol market?
Major companies operating in the industrial alcohol market are focusing on innovating products, such as the Australian Absinthe, to provide reliable services to customers. Australian Absinthe is designed with a complex flavor profile that is both bitter and sweet, with notes of anise, fennel, and other herbs. For instance, in May 2022, Never Never Distilling Co., an Australia-based alcohol company, launched Australian Absinthe. Australian absinthe is a type of absinthe made using a unique blend of traditional botanicals. This is made by steeping the botanicals in high-proof alcohol, such as vodka or grain alcohol, for several days or weeks. It has a smooth, velvety texture and a long, lingering finish.
Which regions are expected to become dominant players in the industrial alcohol market?
North America was the largest region in the industrial alcohol market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial alcohol market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the industrial alcohol market, and how are they evolving?
The industrial alcohol market covered in this report is segmented –
1) By Type: Isopropyl Alcohol, Methyl Alcohol, Ethyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol
2) By Source: Molasses, Sugar, Grains, Fossil Fuels
3) By Processing Method: Fermentation, Synthetic
4) By Application: Fuel, Chemical Intermediates And Solvent, Pharmaceuticals, Personal care products, Food Ingredients
Subsegments:
1) By Isopropyl Alcohol: Technical Grade Isopropyl Alcohol, Pharmaceutical Grade Isopropyl Alcohol
2) By Methyl Alcohol (Methanol): Industrial Grade Methanol, Fuel Grade Methanol
3) By Ethyl Alcohol (Ethanol): Denatured Ethanol, Absolute Ethanol
4) By Isobutyl Alcohol: Technical Grade Isobutyl Alcohol, Reagent Grade Isobutyl Alcohol
5) By Benzyl Alcohol: Technical Grade Benzyl Alcohol, Cosmetic Grade Benzyl Alcohol
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What defines the structure and scope of the industrial alcohol market?
Industrial alcohol is a kind of alcohol that is utilized in industrial applications. Ethanol is the most frequent form of industrial alcohol. Adhesives, cosmetics, detergents, explosives, inks, and hand creams are all made with this alcohol. Industrial alcohol is used in the production of vaccinations, compound tonics, syrups, tinctures, liniments, and antiseptics.
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