The Report Industrial Alcohol Market Analysis, By Product (Ethyl Alcohol,
Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol), By Source, By
Application, By Region, And Segment Forecasts, 2018 - 2025
The global industrial alcohol market is expected
to reach USD 223.63 billion by 2025, according to a new report by Grand View
Research, Inc. Regulatory changes by distinct governments globally, mandating
the use of ethanol in gasoline blend as an alternative fuel accompanied by
rising demand for ethanol as octane level enhancer is driving the industrial
alcohol market.
In terms of revenue,
ethanol was estimated as the largest product in 2016 and the trend is
anticipated to continue at a growth rate of 9.5% over the forecast period.
Increasing need for fuel grade ethanol is driving its growth. On account of
rising global greenhouse gas emissions, the requirement for an alternative to
fossil fuels in transportation is gaining importance. Owing to its lower
emission properties, ethanol among the other biofuels is largely preferred as a
clean fuel in transportation. Besides fuel grade, ethanol is also available in
food grade variant and is used in many industrial, pharmaceutical and food
& beverage applications.
Industrial alcohol can
be derived from various sources such as corn, sugarcane molasses, fossil fuels,
and from grains. U.S. and Brazil dominated the ethyl alcohol market in terms of
both volume and value. Corn is the largest source of ethanol in U.S. whereas
sugarcane is the largest source in Brazil.
Methanol, which is
largely derived form syn-gas, is used in the chemical industry as an
anti-freeze, intermediate, denaturant for ethanol, fuel, and solvent for the
production of various chemicals. Besides ethyl alcohol and methyl alcohol,
others such as isopropyl alcohol and isobutyl alcohol, are witnessing increased
applications in various end use industries.
However, the prices of
industrial alcohols are fluctuating owing to the production disequilibrium in
the raw materials such as sugar, natural gas and crop based starches such as
corn and bagasse
Access Research Report of Industrial
Alcohol Market @ www.grandviewresearch.com/industry-analysis/industrial-alcohol-market
Further key findings from the report suggest:
· Asia Pacific is expected to witness the
fastest growth, in terms of value, at a CAGR of 9.7% from 2017 to 2025 as large
number of automobile manufacturers are manufacturing flexible vehicles that can
adopt to gasoline and ethanol blended fuel.
· Ethanol emerged as the largest product, in
terms of revenue, in 2016 and is estimated to be valued at USD 99.04 billion by
2025. In terms of revenue, industrial alcohol applications in personal care and
as fuel is expected to register the fastest growth over the forecast period.
· Methanol was estimated as the largest
industrial alcohol consumed in China due to its broad applications in
industrial, cosmetic, and pharmaceutical industries. Owing to the growing
chemical industries in Asia Pacific region, the demand for methanol is expected
to propel over the forecast period.
· The U.S. industrial alcohol market, in
terms of revenue, was valued at USD 28,166.3 million in 2016 and is estimated
to reach USD 57,975.2 million by 2025. The U.S. is the largest producer and
exporter of ethanol.
· Key players including Royal Dutch Shell
Plc, BASF SE, Eastman Chemical Company have made their presence in the market
where as manufacturers such as Greenfield Global, Grain Millers, Inc. and
Cargill Inc. have a prominent presence in the global market.
Grand View Research has
segmented the global industrial alcohol market on the basis of product, source,
application, and region.
Industrial Alcohol Product Outlook (Volume, Million Tons;
Revenue, USD Million; 2014 - 2025)
·
Ethyl Alcohol
·
Methyl Alcohol
·
Isopropyl Alcohol
·
Isobutyl Alcohol
·
Others
Industrial Alcohol Source Outlook (Volume, Million Tons;
Revenue, USD Million; 2014 - 2025)
·
Grains
·
Sugar & molasses
·
Corn
·
Fossil fuels
·
Others
Industrial Alcohol End Use Outlook (Volume, Million Tons;
Revenue, USD Million; 2014 - 2025)
·
Food ingredients
·
Fuel
·
Chemicals
·
Pharmaceuticals
·
Personal care
·
Others
Industrial Alcohol Regional Outlook (Volume, Million
Tons; Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
