Industrial Alcohol Market was valued US$ 113.40 Bn in 2018 and is estimated to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast period.
Global Industrial Alcohol Market Dynamics:
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, which is driving the Industrial Alcohol 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, flavorings, 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.
The Global Industrial Alcohol Market dynamics are thoroughly studied and explained in the report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Global Industrial Alcohol Market.
Global Industrial Alcohol Market is studied by Various Segments:
The report from Maximize market research provides the detail study of the market by various segments. Based 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 an 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.
Global Industrial Alcohol Market Region wise Market Analysis & Forecast:
The report covers a geographic breakdown and a detailed analysis of each of the segments across North America, Europe, Asia Pacific, and LAMEA, and each countries under it. North America was dominating market in 2018 with market value od around US$ XX.XX Bn. Asia pacific shows a rapid growth with CAGR of XX.XX% 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. The emerging economies like China, India & Japan in Asia Pacific contributes the major part in the growth of the Electric Submersible Cables Market in this region. APAC is expected to reach US$ XX.XX Bn by the end of the forecast period.
Global Industrial Alcohol Market: Competition Landscape
The Global Industrial Alcohol Market has the presence of a large number of players. Major players in the Global Industrial Alcohol Market are concentrating on developing new technologies to facilitate the industry with lowest time and low expenditure consuming technologies. In the recent years there are many discoveries in the field of technologies with regards to Global Industrial Alcohol Market, which in turn will help the industry to grow resulting in boost to the competition too. Detailed analysis of competition, new entrants, strategic alliances, mergers and acquisition in the Global Industrial Alcohol Market is covered in the report.
The report covers the market leaders and followers in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. Long term association, strategic alliances, supply chain agreement and mergers & acquisition activities are covered in the report in detail from 2014 to 2019. Expected alliances and agreement in forecast period will give future course of action in the market to the readers. All major & important players are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.
Objective of the Report:
The objective of the report is to present a comprehensive analysis of Global Industrial Alcohol Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Industrial Alcohol Market dynamics, structure by analyzing the market segments and project the Global Industrial Alcohol Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial Alcohol Market make the report investor’s guide.
The Scope of the Industrial Alcohol Market:
Industrial Alcohol Market, by Product Type:
• Isopropyl Alcohol
• Methyl Alcohol
• Ethyl Alcohol
• Isobutyl Alcohol
• Benzyl Alcohol
Industrial Alcohol Market, by Sources Type:
• Fossil Fuels
Industrial Alcohol Market, by Application Type:
• Chemical Intermediates & Solvent
• Personal Care Products
• Food Ingredients
Industrial Alcohol Market, by Region:
• North America
• 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
• Greenfield Specialty Alcohols
• Flint Hills Resources
• Sigma Aldrich
• The Andersons Inc.
• BASF SE
• MGP Ingredients
• The Andersons Inc.
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