The modern-day document posted via Report Ocean, titled “Industrial Alcohols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global industrial alcohols market was valued at $100,535 million in 2016, and is expected to reach $198,610 million by 2023, growing at a CAGR of 10.2% from 2016 to 2023. Industrial alcohols are used by end users for various applications such as sanitizing, cleaning, and solvent properties. Moreover, these alcohols are required for the production of medicines, food products, flavorings agents, and cosmetics. In addition, they are used to develop vaccines, compound tonics, syrups, tinctures, liniments, and antiseptics as well as manufacturing pharmaceuticals such as chloroform, atabrine, and barbiturates. Furthermore, majorly produced alcohol, such as ethanol, is used in the production of adhesives, cosmetics, detergents, explosives, inks, hand cream, plastics, and textiles.
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The global market has witnessed significant growth in the recent years, owing to the rise in demand for biofuels. Moreover, surge in environmental concerns and stringent governmental regulations have fueled the development of Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation Model (GREET) model.
As per the Department of Energy’s GREET model, the use of bioethanol significantly reduces greenhouse gas emissions by 34% as compared to petroleum-derived gasoline which is thereby propelling the market growth. Presently, the adoption of other alcohols, such as ethanol, methanol, and isobutanol, as solvents has increased in the chemical industry. In addition, increase in use of isobutanol as a feedstock for manufacturing isobutyl acetate and in the production of lacquer, similar coatings, and flavoring agent in the food industry are further expected to fuel the market growth.
The global industrial alcohols market is segmented based on type, application, source, and geography. On the basis of type, it is classified into isopropyl alcohol, methyl alcohol, ethyl alcohol, isobutyl alcohol, benzyl alcohol, others (pentanol and methyl-1-butanol). Based on source, it is categorized into molasses, sugar, grains, fossil fuels, and others (whey and grapes). On the basis of application, it is divided into fuel, chemical intermediates & solvent, pharmaceuticals, personal care products, food ingredients, and others (adhesives and coatings). Based on processing method, it is bifurcated into fermentation and synthetic. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to identify the prevailing market opportunities.
The major countries in each region are mapped as per individual market revenue.
The region-wise and country-wise industrial alcohols market conditions are comprehensively analyzed in the report.
This study evaluates the competitive landscape and value chain analysis to understand the market scenario.
An in-depth analysis of segmentation of the global industrial alcohols market is provided in the report.
The key players have largely invested in the R&D activities to develop advanced products to cater to the demand for end users. The major players in the market include:
Cargill Inc.
MGP Ingredients Inc.
Green Plains Inc.
Birla Sugar
Cristalco
Greenfield Specialty Alcohols
Flint Hills Resources
Sigma Aldrich
The Andersons Inc.
BASF SE
The other players in the value chain (profiles not included in the report) are:
Haike Chemical Group
Lanxess
Exxon Mobil Corporation
Eastman Chemical
Birla Sugar
Khemani Group
Ethanol Company ltd
Dollex Industries
Praj Industries
KEY MARKET SEGMENTS
By Type
Isopropyl Alcohol
Methyl Alcohol
Ethyl Alcohol
Isobutyl Alcohol
Benzyl Alcohol
Others (Pentanol and Methyl-1-Butanol)
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By Source
Molasses
Sugar
Grains
Fossil Fuels
Other Source (Whey, Grapes)
By Application
Fuel
Chemical Intermediates & Solvent
Pharmaceuticals
Personal Care Products
Food Ingredients
Other Applications (Adhesives and Coatings)
By Processing Method
Fermentation
Synthetic
By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Hungary
Rest of Europe
Asia-Pacific
India
China
Thailand
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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