Global Industrial Alcohol Market is valued approximately at USD 90.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2020-2027. Industrial alcohol is mainly ethanol, also known as ethyl alcohol, a sticky, colorless, flame-retardant liquid, and a commonly used biofuel worldwide. It is derived from many sources, including corn, molasses, and seeds. Industrial alcohols serve as a reagent as well as a solvent in the medicinal, personal care, oil, and chemical industries with various industrial applications. Such alcohols are used for other than drinking purposes. Moreover, multifunctionality improves usage in diverse end-use applications. In comparison, ethanol, which is the alcohol mainly manufactured and consumed, is commonly used as a biofuel worldwide. Growth in the demand for bioethanol is one of the prominent factors contributing towards the market growth. Whereas, changing lifestyles, growing economy, and shift toward renewable resource utilization in developing economies is expected to create significant growth opportunity in the market over the forecast period. However, approval of regulatory bodies is expected to impede the market growth. Apart from this, the key players of global Industrial Alcohol market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, Raizen Energia invested USD 691 million to 2.9 million in its operating plant in Brazil in March 2019. This investment would help the business satisfy market demand for alcohol-based goods worldwide. Green Plains extended its facility at its affiliate, Green Plain Wood River LLC, to manufacture FCC-grade and USP-grade alcohol that meets FDA requirements in July 2020. This strategy would enable the company to cater for alcohol demand and serve a broader consumer base.

The regional analysis of global Industrial Alcohol market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to ethyl alcohol production and exports in the U.S. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such high consumption and production of methyl alcohol in China and ethanol in India would create lucrative growth prospects for the Industrial Alcohol market across Asia-Pacific region.

Major market player included in this report are:
Cargill
Raizen Energia
Green Plains Inc
Cristalco
MGP Ingredients
The Andersons Inc
Sigma-Aldrich
Grain processing Corporation
Greenfield Global Inc. Specialty Alcohols
Royal Dutch Shell Plc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Sugarcane & bagasse
Corn
Grains
Molasses
Fossil fuels
Other sources

By Type:
Ethyl alcohol
Methyl alcohol
Isopropyl alcohol
Isobutyl alcohol
Benzyl alcohol
Others (Sorbitol and maltitol)
By Application:
Fuel
Chemical intermediates & solvents
Pharmaceuticals
Personal care products
Food
Other applications


By Functionality:

Antimicrobial activity
Fragrant/flavoring agents
Solubility
Antifreeze
Flammability & volatility

By Purity:
Denatured alcohol
Undenatured alcohol
By Process technology:

Fermentation method
Synthetic method

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Industrial Alcohol Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors