Industrial alcohol is distilled ethanol that is used for industrial purposes. Industrial alcohol used in the pharmaceutical industry, also it is used in paints, coatings, printing, ink, fragrance, and flavor industries that raises demand for the industrial alcohol market. The rapid development of various technology in the biofuel sector is fueling the growth of the industrial alcohol market. Industrial alcohol is gaining popularity due to its multi-functional ability, hence driving the growth of the industrial alcohol market.
MARKET DYNAMICS
The increasing demand for industrial alcohol in various industries owing to its solubility, antimicrobial activity, high octane number. These factors are boosting the need for the industrial alcohol market. Broad use of industrial alcohols such as ethyl, methyl, isopropyl, isobutyl, benzyl alcohol in the various industries. Additionally, increasing the use of methanol and isopropanol in personal care, automobile, and pharmaceutical applications is propelling the growth of the industrial alcohol market. Rapid growth in demand for personal care products, increasing awareness about the role of alcohol in maintaining a hygienic environment is expected to drive the growth of the market.
MARKET SCOPE
The "Global Industrial Alcohol Market Analysis to 2028" is a specialized and in-depth study of the industrial alcohol industry with a special focus on the global market trend analysis. The report aims to provide an overview industrial alcohol market with detailed market segmentation by type, source, application, method, and geography. The global industrial alcohol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial alcohol market players and offers key trends and opportunities in the industrial alcohol market.
MARKET SEGMENTATION
The global industrial alcohol market is segmented on the basis of type, source, application, method. On the basis of type the market is segmented as ethyl alcohol, methyl alcohol, isopropyl alcohol, isobutyl alcohol, benzyl alcohol, others. On the basis of source the market is segmented as fossil fuels, sugar and molasses, corn, grains, others. On the basis of application the market is segmented as fuel, pharmaceuticals, personal care products, food ingredients, chemical intermediates and solvent, others. On the basis of method the market is segmented as fermentation, synthetic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial alcohol market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial alcohol market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial alcohol market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the industrial alcohol market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial alcohol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial alcohol market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial alcohol in the global market. Below mentioned is the list of few companies engaged in the industrial alcohol market.
The report also includes the profiles of key industrial alcohol companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Birla Sugar Ltd.
- Cargill, Inc.
- Cristalco SAS
- Flint Hills Resources
- Grain Processing Corporation
- Green Plains Inc.
- Greenfield Specialty Alcohols
- MGP Ingredients
- Sigma Aldrich
- The Andersons Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.