Global Industrial Alcohol Market

Industrial Alcohol Market Size, Share, Growth Analysis, By Product(Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, others), By Application(Food Ingredient, transportation fuel & fuel additives, Pharmaceutical, Personal Care), By Source(Grains, Corn, Fossil Fuels, Sugar & Molasses), By Region - Industry Forecast 2024-2031

Report ID: SQSG15B2011 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 95 | Figures: 76

Industrial Alcohol Market Dynamics

Industrial Alcohol Market Drivers

  • Continuously growing adoption of bioethanol and rising technological advancements in developing countries including India, China, and Indonesia are the major factors anticipated to drive growth of the global industrial alcohol market during the forecast period. Moreover, rising awareness and surge in adoption of renewable resources have resulted in high development in bioethanol industry, which helps in reducing pollution levels across the world, further projected to fuel the growth of the global market in the coming years.

Industrial Alcohol Market Restraint

  • Rising number of environmental concerns associated with the production of industrial alcohol by fossil fuels such as water depletion and rising pollution are the key factors expected to hamper the growth of the global industrial alcohol market during the forecast period. Several types of toxic chemicals are required in the formulation of alcohol, that releases harmful materials into the ecosystem. This is anticipated to be the major restraining factor for the growth of the market over the coming years.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Industrial Alcohol Market size was valued at USD 124 billion in 2019 and is poised to grow from USD 137.54 billion in 2023 to USD 301 billion by 2031, growing at a CAGR of 10.6% in the forecast period (2024-2031).

The global industrial alcohol market is fairly fragmented with the presence of several international and regional market players operating around the globe. Major market players are highly implementing of business developing strategies such as collaborations, partnerships, new technology development, strategic mergers, and acquisitions to expand their geographical presence and product offering around the globe. 'Archer Daniels Midland Company', 'Cargill, Inc.', 'Raízen Energia S.A.', 'Green Plains Inc.', 'MGP Ingredients, Inc.', 'Sigma Aldrich Corporation', 'Grain Processing Corporation', 'Flint Hills Resources', 'The Andersons, Inc.', 'LyondellBasell Industries N.V.', 'Cristalco SAS', 'Tereos S.A.', 'Royal Dutch Shell Plc', 'BASF SE', 'Sasol Limited', 'Eastman Chemical Company', 'ExxonMobil Corporation', 'Valero Energy Corporation', 'Johnson Matthey Plc', 'Solvay SA'

Continuously growing adoption of bioethanol and rising technological advancements in developing countries including India, China, and Indonesia are the major factors anticipated to drive growth of the global industrial alcohol market during the forecast period. Moreover, rising awareness and surge in adoption of renewable resources have resulted in high development in bioethanol industry, which helps in reducing pollution levels across the world, further projected to fuel the growth of the global market in the coming years.

Increasing adoption of eco-friendly and safer ethanol production methods coupled with the rising popularity of biofuels are expected to create lucrative growth opportunities for the global market. Moreover, properties such as biodegradable, non-toxic in nature, and easily breakable in harmless substances are other factors driving the growth of the global industrial alcohol market in the last few years. These factors attract consumers to opt for these fuels in place of other fossil fuels, which is propelling the market growth.

Globally, Asia Pacific dominated the industrial alcohol market with a holding of significant market share in 2021. This is simply attributed to the rising consumption and high production of methyl ethanol in China and large production of ethanol in India. Moreover, the demand for ethanol is expected to grow significantly with the help of rising number of initiatives created by Indian Government for using ethanol as an automotive fuel. With the increase in consumer disposable income and high population base, the need for biofuels is set to grow extensively by 2030 in the regional market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Ethanol Market
Buy Now GET FREE SAMPLE
Alcoholic Beverages Market
Buy Now GET FREE SAMPLE
Alcohol Ingredients Market
Buy Now GET FREE SAMPLE
Sugar Alcohol Market
Buy Now GET FREE SAMPLE
Beverages Industry
Buy Now GET FREE SAMPLE
Craft Beer Market
Buy Now GET FREE SAMPLE
Non-alcoholic Beer Market
Buy Now GET FREE SAMPLE
Low Alcoholic Beverages Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Industrial Alcohol Market

Report ID: SQSG15B2011

$5,300
BUY NOW GET FREE SAMPLE