Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 156.02 Billion |
| USD 306.35 Billion | |
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Global Industrial Alcohol Market, By Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Other Types), Source (Sugarcane and Bagasse, Corn, Grains, Molasses, Fossil Fuels, Other Sources), Application (Fuel, Chemical Intermediates and Solvents, Pharmaceuticals, Personal Care Products, Food, Other Applications), Purity (Denatured Alcohol, Undenatured Alcohol), Functionality (Antimicrobial Activity, Fragrant/Flavoring Agents, Solubility, Antifreeze, Flammability and Volatility), Process Technology (Fermentation Method, Synthetic Method) - Industry Trends and Forecast to 2029.
The rising demand of hygiene product coupled with growing consumer awareness is anticipated to increase the demand for personal care and boost the growth of the industrial alcohol market. The “ethyl alcohol’ is the fastest growing type segment due to rise in demand for biofuel and their wide application in the production of solvents and chemical intermediates. Nowadays, numerous manufacturers are introducing a range of high-quality, non-genetically modified organisms (GMO), organic, consistent and other specialty alcohols in the market.
Data Bridge Market Research analyses that the industrial alcohol market is expected to undergo a CAGR of 8.80% during the forecast period. This indicates that the market value, which was USD 156.02 billion in 2021, would rocket up to USD 306.35 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Other Types), Source (Sugarcane and Bagasse, Corn, Grains, Molasses, Fossil Fuels, Other Sources), Application (Fuel, Chemical Intermediates and Solvents, Pharmaceuticals, Personal Care Products, Food, Other Applications), Purity (Denatured Alcohol, Undenatured Alcohol), Functionality (Antimicrobial Activity, Fragrant/Flavoring Agents, Solubility, Antifreeze, Flammability and Volatility), Process Technology (Fermentation Method, Synthetic Method)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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LyondellBasell Industries N.V. (Netherland), Exxon Mobil Corporation (U.S.), Merck KGaA (Germany), Eastman Chemical Company (U.S.), ADM (U.S.), Dupont (U.S.), SOLVAY (Belgium), DAIKIN (Japan), Dow (U.S.), Halocarbon, LLC (U.S.) Freudenberg SE (Germany), The Chemours Company (U.S.), Metalubgroup (Israel), M&I Materials Limited (U.K), Nye Lubricants, Inc. (U.S.), Lubrilog (France) ECCO Gleittechnik GmbH (Germany), HUSK-ITT Corporation (U.S.), Setral Chemie GmbH (Germany), IKV Tribology Ltd (Germany), Wilmar International Ltd. (Singapore), Shell Plc (Netherlands)
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Market Opportunities
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Market Definition
Industrial alcohol is mainly ethanol, called ethyl alcohol. It is a colourless, volatile, flammable liquid, and widely used biofuel in the globe. Industrial alcohol is derived from many sources, such as molasses, corn and grains. One of the oldest technologies for the manufacture of ethanol is fermentation of sugarcane. The time of this process may vary from 42 to 74 hours. It can be used as a blend with gasoline in gasoline-operated vehicles. It is also used as a reagent alcohol, solvent, fuel, and as a food supplement.
Drivers
Isopropyl alcohol is used for the pharmaceutical business product for the production of hand sanitizers, oral mouthwashes, disinfection pads and eardrops. Moreover, increasing product demand due to high evaporation rates and low toxicity, growing product usage in the personal care and cosmetic industry are some of the major factors which will increase the demand of the isopropyl and eventually boost the growth of the industrial alcohol market during the forecast
Industrial alcohols have various applications in chemical industries, research laboratories, food, pharmaceuticals, home & personal care products, inks, adhesives & coatings, paints and insecticides. Ethyl alcohol is widely used in these industries due to its several properties such as antimicrobial, preservative, solubility, insect repellency and antifreezing properties, and it finds applications in all the above sectors. Methyl alcohol, sorbitol, maltitol, isopropyl alcohol and benzyl alcohol are also used in some applications.
Moreover, increasing prevalence of renewable source of energy is also one of the major as well as important factors which will expected to increase the growth of the industrial alcohol market during the forecast period of 2022-2029.
Opportunities
The demand for several products is growing, as a result many pharmaceutical companies are collaborating with the industrial alcohol suppliers to source required technical expertise in the manufacture of pharmaceutical products. Many pharmaceutical applications of the product include plasma fractionation, tableting, antibiotics, powders and chemical intermediates. To meet the increasing demand of products, manufacturers are focusing on growing their production capacities, which generate attractive opportunities for the growth of the industrial alcohol market.
Moreover, growing use of methanol as marine fuel and the increasing ethanol applications from emerging countries will further create ample and new opportunities that will lead to the growth of the industrial alcohol market during the forecast period.
Restraints/Challenges
The high costs associated with the raw materials and manufacturing process of industrial alcohol are expected to be a significant factor that can obstruct the growth of the industrial alcohol market during the above mentioned forecast period.
Furthermore, adverse environmental impacts on bioethanol production will likely to further hamper the growth of the market Also, time taken in approval from regulatory organizations will become the foremost and biggest challenge in the market growth during the forecast period of 2022-2029.
This industrial alcohol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial alcohol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The outbreak of COVID-19 has affected several manufacturing and other industries. This pandemic has caused the suspension of industrial alcohol production due to the disrupted supply chain and decrease demand. The industrial alcohol market witnessed a sharp decline in during the due to the imposition of lockdown in several countries. Thus, COVID-19 greatly impacted the growth of the industrial alcohol market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
The industrial alcohol market is segmented on the basis of type, source, application, purity, functionality and process technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Source
Application
Purity
Functionality
Volatility
The industrial alcohol market is analysed and market size insights and trends are provided by country, type, source, application, purity, functionality and process technology as referenced above.
The countries covered in the industrial alcohol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial alcohol market in terms of revenue and market share due to increasing number of government initiatives to use methanol as automotive fuel. India dominates the Asia-Pacific industrial alcohol market owing to the growing consumption and production of alcohol.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029. U.S. is expected to hold the largest growth rate in industrial alcohol market due to the growing production of ethyl alcohol in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The industrial alcohol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial alcohol market.
Some of the major players operating in the industrial alcohol market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Industrial Alcohol Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Industrial Alcohol Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.