Industrial Alcohol Market size to hit USD 291.17 Bn by 2029 at a CAGR of 8.2 percent – says Maximize Market Research

April 14 20:05 2023
Industrial Alcohol Market size to hit USD 291.17 Bn by 2029 at a CAGR of 8.2 percent - says Maximize Market Research
Industrial Alcohol Market
Industrial Alcohol Market was valued at USD 155 Bn in 2021, and it is expected to reach USD 291.17 Billion by 2029, exhibiting a CAGR of 8.2 % during the forecast period (2022-2029)

Pune, 14, April 2023: The report expects the Industrial Alcohol Market to grow from USD 155 Bn in 2021 to USD 291.17 Bn by 2029 at a CAGR of 8.2 percent over the forecast period. The report is a mixture of primary and secondary data and the domain expert has analyzed the Industrial Alcohol Market from a local, global and regional point of view.

Industrial Alcohol Market Report Scope and Research Methodology

The Industrial Alcohol Market report provides a thorough analysis of segments and sub-segments in local, global and regional markets. The report focuses on how drivers, restraints, and macro variables affect local, global and regional Systems of Industrial Alcohol markets. The report comprehensively analyzes the global Industrial Alcohol System market’s trends, forecasts, and monetary values. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Industrial Alcohol market.  The Industrial Alcohol market report includes aspects of the industry with key players such as market leaders, market followers and new entrants. The bottom-up approach was used in the report for Industrial Alcohol market estimation. The segment-wise analysis of the Industrial Alcohol Market is divided into Product, Sources Type and Application.

The report provides a thorough analysis of the demand projections, market trends, and micro and macro factors Industrial Alcohol market. The report covers the factors that are driving and restricting the Industrial Alcohol market’s growth. The report includes analytical methodology such as Porter’s five forces analysis and PESTLE of the Industrial Alcohol Market to provide market insights. The report involves an analysis of current Industrial Alcohol market trends as well as forecasts for the years. 

Industrial Alcohol Market Dynamics 

Bioethanol is used as a biofuel for transportation to reduce the effects of greenhouse gases (GHG). The growing population and industrialization resulted in to increase in the demand for energy. The increasing awareness regarding climatic change and the growing adoption of renewable sources has increased the development of Bioethanol. As a result, increasing adoption of the bioethanol shall help to drive the growth of the Industrial Alcohol Market.

Industrial Alcohol Market is driven by the emergence of the market and the increase in the use of alcohol in several applications such as food, pharmaceuticals and personal care products, rising consumption of alcohol and proactive government initiatives and increasing use of methanol in chemical industries.  During the forecast period, the market growth is expected to be constrained by increasing environmental concerns and fluctuating prices of raw materials. 

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Industrial Alcohol Market Regional Insights

In 2021, Asia Pacific dominated the Industrial Alcohol Market with the largest market share. The growing adoption of the products in the fuel and food industry, increasing demand for foods, favorable government initiatives and rising foreign investments in the industrial sector. India and China are major markets for the Industrial Alcohol Market due to the innovation of the new supportive program by governments. 

North America is expected to have a significant growth rate for the Industrial Alcohol Market. The increased prominence on reducing GHG emissions across the world, the increasing adoption of ethanol as a fuel for transportation applications and the growth in the production levels of industrial alcohol are the influencing factors for the regional growth of the market. 

Industrial Alcohol Market Segmentation

By Product

  • Isopropyl Alcohol
  • Methyl Alcohol
  • Ethyl Alcohol
  • Isobutyl Alcohol
  • Benzyl Alcohol
  • Others


By Sources Type

  • Molasses
  • Sugar
  • Grains
  • Fossil Fuels
  • Others


By Application

  • Fuel
  • Chemical Intermediates & Solvent
  • Pharmaceuticals
  • Personal Care Products
  • Food Ingredients
  • Others


Industrial Alcohol Market Key Players include:

  • Exxon Mobil Corporation (US)
  • Royal Dutch Shell Plc (UK)
  • Eastman Chemical Company (US)
  • Grain Processing Corporation (US)
  • Cargill Inc. (US)
  • MGP Ingredients Inc. (US)
  • Green Plains Inc. (US)
  • MGP Ingredients (US)
  • The Andersons, Inc (US)
  • The Andersons Inc. (US)
  • Greenfield Specialty Alcohols (Canada)
  • Logen Corporation (Canada)
  • Sigma Aldrich-Merck Group (Germany)
  • BASF SE (Germany)
  • Lanxess AG (Germany)
  • Nordzucker AG (Germany)
  • Cristalco (France)
  • Birla Sugar (India)
  • India Glycols Ltd. (India)
  • Dalmia Bharat Group (India)
  • HPCL Biofuels Limited (India)
  • Praj Industries Ltd. (India)
  • Wilmar International (Singapore)
  • Sasol Limited (South Africa)
  • Raizen Energia (Brazil)


Table of Content for Global Industrial Alcohol Market:

  • Global Industrial Alcohol Market: Research Methodology


  • Global Industrial Alcohol Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to the Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global Industrial Alcohol Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by Region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global Industrial Alcohol Market Segmentation
  • Global Market, by Product (2021-2029)
  • Global Market, by Sources Type (2021-2029)
  • Global Market, by Application (2021-2029)


  • Regional Global Industrial Alcohol Market(2021-2029)
  • Regional Market, by Product (2021-2029)
  • Regional Market, by Sources Type (2021-2029)
  • Regional Market, by Application (2021-2029)
  • Regional Market, by Country (2021-2029)


  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


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Key questions answered in the Industrial Alcohol Market are:

  • What is Industrial Alcohol?
  • What was the Industrial Alcohol market size in 2021?
  • What is the expected Industrial Alcohol market size by 2029?
  • What are the different segments of the Industrial Alcohol Market?
  • What are the major restraints for the growth of the Industrial Alcohol Market?
  • What growth strategies are the players considering to increase their presence in Industrial Alcohol?
  • What is the scope of the Industrial Alcohol Market?
  • What is the growth rate of the Industrial Alcohol Market?
  • Which is the factors expected to drive the Industrial Alcohol market growth?
  • Which region is expected to hold the Industrial Alcohol market largest share?
  • What segments are covered in the Industrial Alcohol Market?
  • What are the key players in the Industrial Alcohol Market?
  • What are the opportunities for the Industrial Alcohol Market?


Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of the Product, Sources Type, Application and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region


Maximize Market Research Material & Chemical research firm, has also published the following reports:

Methyl Palmitate MarketThe market size is expected to reach USD 3.3 Bn by 2029 at a CAGR of 5.2 percent during the forecast period. The market is driven by high demand for Methyl Palmitate as a raw material across various industries and increasing demand for Methyl Palmitate as a naturally occurring Cardioprotective agent.

Non-alcoholic Spirits Market: The market size is expected to reach USD 725.49 Mn by 2029 at a CAGR of 4.35 percent during the forecast period. The market is driven by the High demand for cocktails among millennials and increasing innovations in non-alcoholic spirits over traditional spirits.


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


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