Global Industrial Alcohol Market 2017 Growth, Demand, Segment, Statistics, Forecast 2022


Posted July 11, 2017 by pankaj_kaware

Global Industrial Alcohol Market 2017 Growth, Demand, Segment, Statistics, Forecast 2022

 
The industrial alcohol market is projected to grow at a CAGR of 9.8%, in terms of value, from 2017 to reach a projected value of USD 180.83 Billion by 2022. The multifunctional nature of industrial alcohol, and increase in demand for biofuel are the main factors driving the industrial alcohol market. Increase in awareness with regard to the environment deterioration among the global population also fuels the demand for industrial alcohol.

The global market, on the basis of type, has been segmented into ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, and others. The ethyl alcohol segment has emerged as the most widely used industrial alcohol owing to their multifunctional properties and their vast application in the energy sector as biofuel.

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Based on source, the market is segmented into sugar & molasses, corn, grains (excluding corn), fossil fuels, and others. Corn is estimated to account for the largest market share in 2017. The global demand for industrial alcohol from fossil fuels is seen to witness an exponential increase. Since ethyl alcohol is the largest produced industrial alcohol, and U.S. is the main producer of ethyl alcohol from corn, corn is estimated to account for the largest share, among all other sources.

The global market has been segmented on the basis of application into fuel, chemical intermediates & solvents, pharmaceuticals, personal care products, food ingredients (excluding beverages), and others. Industrial alcohol has been gaining importance in the fuel segment with an increase in demand for biofuels and development of flex cars to boost the use of biofuels, for a safe environment.

North America is estimated to be the largest share in terms of value, in the global industrial alcohol market, in 2017. Positive knowledge of segments create a platform for innovative applications of industrial alcohol, and tapping the emerging markets in China, India, and Thailand leads to growth opportunities in Asia-Pacific.

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The fluctuating supply of raw materials, which in turn affects the price of raw materials, restrains the market for industrial alcohol.

The leading players that dominated the industrial alcohol market include Cargill (U.S.), Raizen Energia (Brazil), Green Plains Inc. (U.S.), Cristalco (France), and MGP Ingredients (U.S.).

The key players have been exploring the market in new regions by adopting acquisitions, expansions, investments, and joint ventures as their preferred strategies. Key players have been investing in intensive R&D activities and also adopting expansions and acquisitions as a mode to enhance their production capacities, thus increasing the demand for industrial alcohol.

Market Ecosystem

The various contributors involved in the value chain of industrial alcohol include raw material suppliers, manufacturers, wholesalers/distributors, retailers, and end users. Major manufacturing companies develop their in-house R&D centers for research and innovation activities to support their manufacturing units and to successfully introduce new products in the market.

The market is dominated by key players such as Cargill (U.S.), Raizen Energia (Brazil), Green Plains Inc. (U.S.), Cristalco (France), MGP Ingredients (U.S.), The Andersons Inc. (U.S.), Sigma Aldrich (U.S.), Grain Processing Corporation (U.S.), Greenfield Specialty Alcohols (Canada), and Flint Hills Resources (U.S.).

Scope of the report

Based on Type, the market has been segmented as follows:

Ethyl Alcohol
Methyl alcohol
Isopropyl alcohol
Isobutyl alcohol
Benzyl alcohol
Others (sorbitol and maltitol)
Based on Source, the market has been segmented as follows:

Sugar & molasses
Corn
Grains (excludingcorn)
Fossil Fuels
Others (whey, cellulosic materials, and algae)
Based on Application, the market has been segmented as follows:

Personal care products
Pharmaceuticals
Fuel
Food ingredients (excluding beverages)
Chemical intermediates & solvent
Others (home care ptoducts and reagents)
Based on Region, the market has been segmented as follows:

North America
Asia-Pacific
Europe
South America
RoW (the Middle East & Africa, Other in RoW)
Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company
Application Analysis

Application analysis, which gives a detailed analysis of other industrial applications in the industrial alcohol market
Regional Analysis

Further breakdown of the Rest of Europe industrial alcohol market into the Netherlands, Italy, Belgium, Portugal, Hungary, Denmark, and Luxembourg.
Further breakdown of the Rest of Asia-Pacific industrial alcohol market into Japan, Vietnam, the Philippines, Singapore, Indonesia, and Pakistan.
Company Information

Detailed analysis and profiling of additional market players (up to five)


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Issued By PANKAJ
Country India
Categories Automotive
Tags industrial alcohol market
Last Updated July 11, 2017