Industrial Alcohol Market

Posted by pallavi on November 19th, 2019

Industrial Alcohol Market was valued US$ 105 Bn in 2017 and is estimated to reach US$ 200 Bn by 2026 at a CAGR of about 8 % during a forecast period.

Industrial alcohols act as a reagent and solvent in various industrial applications. Industrial alcohols has gain popularity in end use industry due to its multi functionality hence driving the market. Furthermore, alcohols is used in petrol engines as a blender to gasoline. Alcohols such as methanol, benzyl alcohol, and isopropyl alcohol are also used in the production of food products, flavourings, cosmetics, and adhesives. Industrial alcohol is commonly used biofuel and is volatile, colorless, flammable liquid. Low emissions and less intoxicating effects makes it applicable to use in petrol vehicles.Industrial Alcohol MarketBased on product type industrial alcohol market is segmented into Isopropyl alcohol, Methyl alcohol, ethyl alcohol isobutyl alcohol, benzyl alcohol, and others. Ethanol is the leading segment in the industrial alcohol market followed by methanol. Methanol is used for synthesis of formaldehyde and as a fuel additive. Ethanol is used alcoholic beverages, as a fuel additive and as a solvent. Propanol, butanol and isobutyl alcohol is use as a solvent and precursor to solvents. Benzene alcohols used for plasticizers. Also other heavier alcohol find its application in detergent and pharmaceutical.

Based on source industrial alcohols market is fragmented into molasses, sugar, grains, fossil fuels, and others. By source type grain segment holds the largest share. Ethanol fuel is the most common bio-fuel worldwide which is derived from grain. Lower grain prices, heavy ethanol exports, and more blending requirements has led to heighten grain segment in a industrial alcohol market. Molasses is the second largest segment of industrial alcohol by source type.

Based on application industrial alcohol market is segmented into fuel, chemical intermediates & solvent, pharmaceuticals, personal care products, food ingredients, and others. Fuel segment holds the largest share. Due to functional properties such as high octane number and flammability characteristics, ethyl alcohol, methyl alcohol, and isobutyl alcohol are widely used as a blender in low concentrations with motor gasoline as an oxygenate. Many alcohols are used for synthesis of other chemical as a raw material.

Geographical segments of industrial alcohols market includes North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America was dominating market in 2017. Asia pacific shows a rapid growth due to factors such as availability of feedstock such as corn, stringent regulations imposed by the government, increased awareness on environment safety & carbon emissions, strong logistic facilities, and advanced technological developments.

Key players of industrial alcohols include Cargill Inc., Razen Energia, Green Plains Inc., Cristalco, MGP Ingredients, The Andersons Inc., Grain Processing Corporation, Greenfield Specialty Alcohols, Flint Hills Resources, Sigma Aldrich, BASF SE and Eastman Chemical Company.

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The Scope of the Industrial Alcohol Market:

Industrial Alcohol Market by Product Type:

• Isopropyl Alcohol
• Methyl Alcohol
• Ethyl Alcohol
• Isobutyl Alcohol
• Benzyl Alcohol
• Others
Industrial Alcohol Market by Sources Type:

• Molasses
• Sugar
• Grains
• Fossil Fuels
• Others
Industrial Alcohol Market by Application Type:

• Fuel
• Chemical Intermediates & Solvent
• Pharmaceuticals
• Personal Care Products
• Food Ingredients
• Others
Industrial Alcohol Market by Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Analysed In The Industrial Alcohol Market:

• Raizen Energia
• Exxon Mobil Corporation
• Royal Dutch Shell Plc
• Eastman Chemical Company
• Grain Processing Corporation
• Greenfield Specialty Alcohols
• Cargill Inc.
• MGP Ingredients Inc.
• Green Plains Inc.
• Birla Sugar
• Cristalco
• Greenfield Specialty Alcohols
• Flint Hills Resources
• Sigma Aldrich
• The Andersons Inc.
• MGP Ingredients
• The Andersons Inc.

This Report Is Submitted By : Maximize Market Research Company

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Joined: July 22nd, 2019
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