Industrial alcohols are a variety of distillates that are used for a wide range of purposes in industries like cosmetics, pharmaceuticals, and paints & coatings. Ethyl alcohol, which is a key ingredient of these products, is derived from a variety of sources. For example, it can be produced from corn or molasses or a combination of both. Other types of industrial alcohols include methyl alcohol, isopropyl, and isobutyl. These alcohols are used as solvents in many products. They are also used as fuel for ethanol-based vehicles and to help in the creation of biofuels that can be burned without damaging the environment.

Market Dynamics:

The global industrial alcohols market has experienced a significant rise in demand from the end use industries since the recent past. The demand is driven by several factors such as growing consumer awareness regarding maintaining a hygienic environment and rising demand for cosmetic products. The emergence of new and advanced drugs has led to the need for high-grade alcohols that are safe to use as raw materials for producing medicines. In addition, the demand for industrial alcohol is also driven by the growing need for ethanol fuel.

On the other hand, increasing price of raw materials is expected to hamper the market growth.

Key features of the study:

• This report provides in-depth analysis of the global industrial alcohols market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global industrial alcohols market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF SE, BIRLA SUGAR, CARGILL INCORPORATED., CRISTALCO, FLINT HILLS RESOURCES, GREEN PLAINS INC., GREENFIELD SPECIALTY, MGP INGREDIENTS INC., SIGMA ALDRICH, and THE ANDERSONS INC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global industrial alcohols market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial alcohols market

Detailed Segmentation:

• Global Industrial Alcohol Market, By Type
  • Isopropyl Alcohol
  • Methyl Alcohol
  • Ethyl Alcohol
  • Isobutyl Alcohol
  • Benzyl Alcohol
  • Others (Pentanol and Methyl-1-Butanol)
• Global Industrial Alcohol Market, By Application
  • Fuel
  • Chemical Intermediates & Solvent
  • Pharmaceuticals
  • Personal Care Products
  • Food Ingredients
  • Other Applications (Adhesives and Coatings)
• Global Industrial Alcohol Market, By Processing Methods
  • Fermentation
  • Synthetic
  • Source
  • Molasses
  • Sugar
  • Grains
  • Fossil Fuels
  • Other Source (Whey and Grapes)
• Global Industrial Alcohol Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of World
• Company Profiles:
  • BASF SE
  • BIRLA SUGAR
  • CARGILL INCORPORATED.
  • CRISTALCO
  • FLINT HILLS RESOURCES
  • GREEN PLAINS INC.
  • GREENFIELD SPECIALTY
  • MGP INGREDIENTS INC.
  • SIGMA ALDRICH
  • THE ANDERSONS INC.