The global industrialalcohol 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
Full research report on industrial alcohol market
analysis:
http://www.grandviewresearch.com/industry-analysis/industrial-alcohol-market
http://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.
View
more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
UAE
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-industrial-alcohol-market
https://www.grandviewresearch.com/press-release/global-industrial-alcohol-market
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.
