Global Industrial Alcohol Market

Industrial Alcohol Market Size, Share, Growth Analysis, By Product (Ethyl Alcohol, Methyl Alcohol), By Source, By Application, By Region - Industry Forecast 2025-2032

Report ID: SQSG15B2011 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 95 | Figures: 76

Industrial Alcohol Market News

  • In September 2022, Greenfield Global is tripling its production capacity for ethanol blends with water-for-injection ("WFI") at its Brookfield, Connecticut plant from a 2,000 gallon tank to just shy of 6,000 gallons to meet increased demand from biopharma customers.
  • In August 2022, Western New York Energy completed a $38 million expansion to manufacture high-purity alcohol under the ClearSource brand. WNYE will be able to produce 15 million gallons of alcohol per year thanks to the 6,000-square-foot expansion.
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Global Industrial Alcohol Market size was valued at USD 146.8 billion in 2022 and is poised to grow from USD 162.9 billion in 2023 to USD 372.6 billion by 2031, growing at a CAGR of 10.9% during 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. 'Cargill Incorporated (United States) ', 'ADM (Archer-Daniels-Midland Company) (United States) ', 'Greencore Group (Ireland) ', 'Associated British Foods plc (United Kingdom) ', 'Tate & Lyle PLC (United Kingdom) ', 'Louis Dreyfus Company (Netherlands) ', 'Wilmar International (Singapore) ', 'Olam International (Singapore) ', 'Bunge Limited (United States) ', 'CHS Inc. (United States) ', 'Kemin Industries (United States) ', 'DSM (Netherlands) ', 'Novozymes (Denmark) ', 'Chr. Hansen Holding A/S (Denmark) ', 'Ingredion Incorporated (United States) ', 'Tate & Lyle PLC (United Kingdom) ', 'Associated British Foods plc (United Kingdom) ', 'Greencore Group (Ireland) ', 'Carlsberg Group (Denmark) ', 'Anheuser-Busch InBev (Belgium)'

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.

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Global Industrial Alcohol Market

Report ID: SQSG15B2011

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