Global Industrial Alcohol Market Size, Share, Trends, Industry Growth by Product (Ethyl, Methyl, Isopropyl, Isobutyl, Other Alcohol), by Source (Corn, Grains, Sugar & Molasses, Fossil Fuels, Others), by Application, by Region, and Forecast to 2030

Report ID: RC75938 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 30th, 2023

The global industrial alcohol market size is anticipated to register a significant CAGR of ~ 9% during the forecast period from 2023 to 2030. The growing demand for the product in various industries such as pharmaceuticals, cosmetics, and food & beverage is a prominent factor driving the segment growth. Furthermore, the growing demand for ethanol in the transportation industry as fuel is further anticipated to propel the industry growth. According to the Confederation of Indian Industry (CII), India has increased ethanol blending in petrol from 1.53% in 2013-14 to 10.17% in June 2022. To achieve 20% ethanol blending by 2025, India needs a production capacity of about 14.5 billion liters/per year.

Market Snapshot:

Benchmark Year 2022
Market Size $ xx.x Mn lock
Market Growth (CAGR) ~ 9% (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Cargill Inc., Cristalco SAS, MGP Ingredients Incorporated, Grain Millers Inc., and The Andersons Inc.

Market Drivers:

Increasing Demand in the Biofuel Industry: Industrial alcohol, particularly ethanol, is extensively used as a biofuel additive or as a standalone fuel. The growing global demand for renewable and sustainable energy sources has driven the adoption of biofuels. Industrial alcohol serves as a key feedstock for biofuel production, leading to increased demand in the market.

Growing Demand in the Pharmaceutical Industry: Industrial alcohol finds applications in the pharmaceutical industry for various purposes, including as a solvent, preservative, and ingredient in pharmaceutical formulations. It is used in the production of medicines, tinctures, antiseptics, and disinfectants. The expanding pharmaceutical industry, driven by population growth and increasing healthcare needs, has contributed to the demand for industrial alcohol.

Increasing Use in the Chemical Industry: Industrial alcohol serves as a vital raw material or intermediate in the production of various chemicals, such as solvents, esters, acids, and polymers. It is used in industries such as paints and coatings, personal care products, cleaning agents, and plastics. The growth of the chemical industry, driven by industrialization, urbanization, and consumer demand, has led to increased consumption of industrial alcohol.

Expansion of the Food and Beverage Industry: Industrial alcohol has applications in the food and beverage industry, particularly in the production of alcoholic beverages, flavorings, extracts, and food additives. It is used as a solvent for extraction processes, as well as for flavor enhancement and preservation purposes. The expanding food and beverage industry, driven by changing consumer preferences and increasing disposable income, has contributed to the demand for industrial alcohol.

Growing Demand in the Personal Care and Cosmetics Industry: Industrial alcohol is utilized in the personal care and cosmetics industry for its solubilizing, preservative, and antimicrobial properties. It is used in products such as perfumes, lotions, creams, hair care products, and disinfectants. The increasing focus on personal grooming, beauty, and hygiene has led to the rising demand for industrial alcohol in this industry.

Government Regulations and Policies: Government regulations and policies can significantly impact the demand for industrial alcohol. In many countries, governments have implemented policies and mandates to promote the use of biofuels, which drives the demand for industrial alcohol as a feedstock. Additionally, regulatory standards and guidelines regarding the use of alcohol in various industries, such as pharmaceuticals and food production, influence the market demand.

Favorable Economics and Cost-Effectiveness: Industrial alcohol, particularly ethanol, can be produced from a wide range of feedstocks, including corn, sugarcane, wheat, and cellulosic biomass. The availability of diverse feedstock options and advancements in production processes have improved the cost-effectiveness of industrial alcohol production. This has made industrial alcohol an attractive alternative to petroleum-based products in various industries, driving market growth.

Increasing Environmental Concerns: Industrial alcohol, especially ethanol, is considered a cleaner and more environmentally friendly fuel compared to fossil fuels. The use of industrial alcohol as a biofuel helps reduce greenhouse gas emissions and dependence on non-renewable energy sources. Increasing environmental concerns and regulations related to carbon emissions have boosted the demand for industrial alcohol in the biofuel sector.

Technological Advancements in Production Processes: Technological advancements in industrial alcohol production processes, such as fermentation, distillation, and purification techniques, have increased the efficiency and scalability of production. These advancements have helped meet the growing demand for industrial alcohol and have contributed to the market growth.

Market Insights:

By product, the ethyl alcohol segment dominated the global industrial alcohol market in the benchmark year

The global industrial alcohol market is bifurcated into product, source, application, and geography. On the basis of product, the market is further segmented into ethyl, methyl, isopropyl, isobutyl, and other alcohols. The ethyl alcohol segment dominated the global market and is expected to hold the largest revenue share of around half of the market by the end of the analysis period. The high demand for the product around the world is a significant factor to drive the segment growth. It is easily obtained from biomass, maize, wheat, barley, and other sources. The increasing demand for biofuels and extensive research conducted on new generations of biofuels is further anticipated to propel the ethyl alcohol market.

By source, the corn segment is expected to hold the largest market share by the end of the analysis period

On the basis of source, the market is further segmented into corn, grains, sugar & molasses, fossil fuels, and others. The corn segment dominated the global industrial alcohol market in 2022 and is anticipated to hold the largest revenue share of around 1/3 market share by the end of the analysis period. The growing demand for renewable sources for the production of energy is a significant factor driving the segment’s growth. Furthermore, the growing ethanol industry is further anticipated to fuel the segment growth over the forecast period.

Industrial Alcohol Market Growth

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The industrial alcohol comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The industrial alcohol market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Product:

  • Ethyl Alcohol
  • Methyl Alcohol
  • Isopropyl Alcohol
  • Isobutyl Alcohol
  • Others

By Source:

  • Corn
  • Grains
  • Sugar & Molasses
  • Fossil Fuels
  • Others

By Application:

  • Food Ingredient
  • Transportation Fuel & Fuel Additives
  • Chemical Intermediates
  • Pharmaceutical
  • Personal Care
  • Detergent & Cleaning Chemicals
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

By region, the Asia Pacific is expected to dominate the global market over the forecast period

On the basis of region, the Asia Pacific dominated the global industrial alcohol market in 2022 and is estimated to hold the largest revenue share of over 1/3 market by the end of the analysis period. The higher production and the growing consumption of industrial alcohol is a prominent factor driving the market growth in the region. Furthermore, the increasing demand for ethanol in the transportation sector as a fuel in India is further anticipated to fuel the market growth in the Asia Pacific. Moreover, the higher consumption of ethyl and methyl alcohol and the growing consumption of fuel is projected to propel the industry growth over the forecast period.

Geographically, the industrial alcohol market report comprises dedicated sections centering on the regional market revenue and trends. The industrial alcohol market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The industrial alcohol market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Industrial alcohol market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global industrial alcohol market are Cargill Inc., Cristalco SAS, MGP Ingredients Incorporated, Grain Millers Inc., and The Andersons Inc. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Cargill Inc.
  • Cristalco SAS
  • MGP Ingredients Incorporated
  • Grain Millers Inc.
  • The Andersons Inc.
  • Raizen Energia
  • Sigma-Aldrich
  • Univar Solutions
  • Green Plains Inc.
  • Grain Processing Corporation
  • Greenfield Global Inc.

Key Questions Answered by Industrial Alcohol Market Report

  • Global industrial alcohol market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Industrial alcohol submarket forecasts from 2023-2030 covering the market by product, source, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level industrial alcohol markets from 2023-2030
  • Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Industrial Alcohol Market Portraiture
2.2. Global Industrial Alcohol Market, by Product, 2022 (USD Mn)
2.3. Global Industrial Alcohol Market, by Source, 2022 (USD Mn)
2.4. Global Industrial Alcohol Market, by Application, 2022 (USD Mn)
2.5. Global Industrial Alcohol Market, by Geography, 2022 (USD Mn)

 

3. Global Industrial Alcohol Market Analysis


3.1. Industrial Alcohol Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Industrial Alcohol Market By Product, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Ethyl Alcohol
4.3. Methyl Alcohol
4.4. Isopropyl Alcohol
4.5. Isobutyl Alcohol
4.6. Others

 

5. Global Industrial Alcohol Market By Source, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Corn
5.3. Grains
5.4. Sugar & Molasses
5.5. Fossil Fuels
5.6. Others

 

6. Global Industrial Alcohol Market By Application, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Food Ingredient
6.3. Transportation Fuel & Fuel Additives
6.4. Chemical Intermediates
6.5. Pharmaceutical
6.6. Personal Care
6.7. Detergent & Cleaning Chemicals
6.8. Others

 

7. North America Industrial Alcohol Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Industrial Alcohol Market by Product, (2020-2030 USD Mn)
7.3. North America Industrial Alcohol Market by Source, (2020-2030 USD Mn)
7.4. North America Industrial Alcohol Market by Application, (2020-2030 USD Mn)
7.5. North America Industrial Alcohol Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Industrial Alcohol Market by Product, (2020-2030 USD Mn)
7.5.1.2. U.S. Industrial Alcohol Market by Source, (2020-2030 USD Mn)
7.5.1.3. U.S. Industrial Alcohol Market by Application, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Industrial Alcohol Market by Product, (2020-2030 USD Mn)
7.5.2.2. Canada Industrial Alcohol Market by Source, (2020-2030 USD Mn)
7.5.2.3. Canada Industrial Alcohol Market by Application, (2020-2030 USD Mn)

 

8. Europe Industrial Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Industrial Alcohol Market by Product, (2020-2030 USD Mn)
8.3. Europe Industrial Alcohol Market by Source, (2020-2030 USD Mn)
8.4. Europe Industrial Alcohol Market by Application, (2020-2030 USD Mn)
8.5. Europe Industrial Alcohol Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Industrial Alcohol Market by Product, (2020-2030 USD Mn)
8.5.1.2. Germany Industrial Alcohol Market by Source, (2020-2030 USD Mn)
8.5.1.3. Germany Industrial Alcohol Market by Application, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Industrial Alcohol Market by Product, (2020-2030 USD Mn)
8.5.2.2. U.K. Industrial Alcohol Market by Source, (2020-2030 USD Mn)
8.5.2.3. U.K. Industrial Alcohol Market by Application, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Industrial Alcohol Market by Product, (2020-2030 USD Mn)
8.5.3.2. France Industrial Alcohol Market by Source, (2020-2030 USD Mn)
8.5.3.3. France Industrial Alcohol Market by Application, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Industrial Alcohol Market by Product, (2020-2030 USD Mn)
8.5.4.2. Spain Industrial Alcohol Market by Source, (2020-2030 USD Mn)
8.5.4.3. Spain Industrial Alcohol Market by Application, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Industrial Alcohol Market by Product, (2020-2030 USD Mn)
8.5.5.2. Italy Industrial Alcohol Market by Source, (2020-2030 USD Mn)
8.5.5.3. Italy Industrial Alcohol Market by Application, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Industrial Alcohol Market by Product, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Industrial Alcohol Market by Source, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Industrial Alcohol Market by Application, (2020-2030 USD Mn)

 

9. Asia Pacific Industrial Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Industrial Alcohol Market by Product, (2020-2030 USD Mn)
9.3. Asia Pacific Industrial Alcohol Market by Source, (2020-2030 USD Mn)
9.4. Asia Pacific Industrial Alcohol Market by Application, (2020-2030 USD Mn)
9.5. Asia Pacific Industrial Alcohol Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Industrial Alcohol Market by Product, (2020-2030 USD Mn)
9.5.1.2. China Industrial Alcohol Market by Source, (2020-2030 USD Mn)
9.5.1.3. China Industrial Alcohol Market by Application, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Industrial Alcohol Market by Product, (2020-2030 USD Mn)
9.5.2.2. Japan Industrial Alcohol Market by Source, (2020-2030 USD Mn)
9.5.2.3. Japan Industrial Alcohol Market by Application, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Industrial Alcohol Market by Product, (2020-2030 USD Mn)
9.5.3.2. India Industrial Alcohol Market by Source, (2020-2030 USD Mn)
9.5.3.3. India Industrial Alcohol Market by Application, (2020-2030 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Industrial Alcohol Market by Product, (2020-2030 USD Mn)
9.5.4.2. Rest of Asia Pacific Industrial Alcohol Market by Source, (2020-2030 USD Mn)
9.5.4.3. Rest of Asia Pacific Industrial Alcohol Market by Application, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Industrial Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Industrial Alcohol Market by Product, (2020-2030 USD Mn)
10.3. Latin America Industrial Alcohol Market by Source, (2020-2030 USD Mn)
10.4. Latin America Industrial Alcohol Market by Application, (2020-2030 USD Mn)
10.5. Latin America Industrial Alcohol Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Industrial Alcohol Market by Product, (2020-2030 USD Mn)
10.5.1.2. Brazil Industrial Alcohol Market by Source, (2020-2030 USD Mn)
10.5.1.3. Brazil Industrial Alcohol Market by Application, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Industrial Alcohol Market by Product, (2020-2030 USD Mn)
10.5.2.2. Mexico Industrial Alcohol Market by Source, (2020-2030 USD Mn)
10.5.2.3. Mexico Industrial Alcohol Market by Application, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Industrial Alcohol Market by Product, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Industrial Alcohol Market by Source, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Industrial Alcohol Market by Application, (2020-2030 USD Mn)

 

11. Middle East and Africa Industrial Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Industrial Alcohol Market by Product, (2020-2030 USD Mn)
11.3. MEA Industrial Alcohol Market by Source, (2020-2030 USD Mn)
11.4. MEA Industrial Alcohol Market by Application, (2020-2030 USD Mn)
11.5. Middle East and Africa Industrial Alcohol Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Industrial Alcohol Market by Product, (2020-2030 USD Mn)
11.5.1.2. GCC Industrial Alcohol Market by Source, (2020-2030 USD Mn)
11.5.1.3. GCC Industrial Alcohol Market by Application, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Industrial Alcohol Market by Product, (2020-2030 USD Mn)
11.5.2.2. South Africa Industrial Alcohol Market by Source, (2020-2030 USD Mn)
11.5.2.3. South Africa Industrial Alcohol Market by Application, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Industrial Alcohol Market by Product, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Industrial Alcohol Market by Source, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Industrial Alcohol Market by Application, (2020-2030 USD Mn)

 

12. Company Profiles


12.1. Cargill Inc.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Cristalco SAS
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. MGP Ingredients Incorporated
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Grain Millers Inc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. The Andersons Inc.
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Raizen Energia
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Sigma-Aldrich
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Univar Solutions
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Green Plains Inc.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Grain Processing Corporation
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
12.11. Greenfield Global Inc.
12.11.1. Business Description
12.11.2. Financial Health and Budget Allocation
12.11.3. Product Positions/Portfolio
12.11.4. Recent Development
12.11.5. SWOT Analysis
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