Global Industrial Alcohol Market is projected to grow at a significant CAGR from 2017 to 2025
The increasing demand for biofuels and multifunctional properties of industrial alcohol are the main drivers behind the growth of this market. Increase in concerns about the environment also plays a major factor in promoting the global industrial alcohol market. Based on product, the market is segmented into ethyl, methyl, isopropyl, isobutyl, and benzyl alcohol. Ethyl alcohol by product accounts for the majority of the market share due to its multifunctional aspect and wide use in biofuel, food ingredients, chemical industries, pharmaceuticals, personal care, among others. Pure ethyl alcohol is used in the chemical laboratories for the purpose of sanitizing, cleaning and other solvent usage. Methyl alcohol has a high demand in chemical and biodiesel application. Increasing environmental awareness and stringent government rules and regulations support the growth of the global industrial alcohol market.
The report is designed to provide a complete view on the global Industrial Alcohol market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Industrial Alcohol market has been studied considering a short term forecast of the factors/ variables which have an impact on Industrial Alcohol market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Industrial Alcohol Market
The global Industrial Alcohol market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Industrial Alcohol market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Industrial Alcohol, and customer analytics.
Global Industrial Alcohol Market Segmentation
By source, the industrial alcohol market is segmented into sugar and molasses, corn, grains and fossil fuels. Corn accounts for the largest market share followed by fossil fuels, demand for which is increasing rapidly. Ethyl alcohol is the largest produced industrial alcohol and in most cases is produced from corn, which is why corn holds majority market share among all the sources of the industrial alcohol market.
By application, the market is divided into personal care, pharmaceuticals, fuel, food and chemical. The fuel segment holds majority share of the industrial alcohol market, both in terms of value and volume. Ethyl, methyl and isobutyl alcohol is widely used in the energy and fuel sector due to its characteristics like flammability and high octane number. Governments are encouraging production of bioethanol in developed countries. Research and development in the sector are also reasons for growth.
End-User Landscape (Consumer Profile): Industrial Alcohol Market
Companies such as Green Plains Inc., Cargill, Raizen Energia, The Andersons Inc., and MGP Ingredients, among others are investing extensively in the manufacturing and sale of Industrial Alcohol, which presents a huge opportunity to Industrial Alcohol suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Green Plains Inc., Cargill, Raizen Energia, The Andersons Inc., MGP Ingredients, Greenfield Specialty Alcohols, and Cristalco, among others account for the major share in Industrial Alcohol market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Grain Processing Corporation, Flint Hills Resources, and Sigma Aldrich.
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