Industrial Alcohol Market

 Industrial Alcohol Market is estimated at USD 95.6 billion in 2021. This value is forecasted to grow at a CAGR of 11.8% to reach USD 141.61 billion by 2026.

Industrial alcohol is a form of pure alcohol, and it is also known as grain alcohol. It is derived from the fermentation process of corn, malt, wheat, sugarcane, etc. This type of alcohol is used in industrial products such as paints, inks, fragrances, flavors, cosmeceutical purposes, and others. Other uses of industrial alcohol are in petroleum industries. It is mixed with gasoline for the efficient working and functioning of the engine. Increasing consumption of bioethanol, an alternative solution to fuels such as diesel and petrol, increases the market for the industrial alcohol market. It is due to an increased preference for renewable resources like energy sources.

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Industrial Alcohol Market – By Type:

• Ethyl
• Methyl
• Isopropyl
• Isobutyl
• Benzyl Alcohol

Based on type, Ethyl alcohol is the most extensively used industrial alcohol among all these and is used in more applications than any other type of industrial alcohol.

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Industrial Alcohol Market – By Source:

• Sugar & Molasses
• Corn
• Grains
• Fossil Fuels

Industrial Alcohol Market – By Application:

• Personal Care
• Pharmaceutical
• Fuel
• Food
• Chemical

Industrial Alcohol Market – By Purity:

• Denatured Alcohol
• Undenatured Alcohol

Industrial Alcohol Market – By Processing Method:

• Fermentation Method
• Synthetic Method

Industrial Alcohol Market – By Functionality:

• Antimicrobial Activity
• Fragrant/Flavoring Agents
• Solubility
• Antifreeze
• Flammability & Volatility

Industrial Alcohol Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

NOTABLE COMPANIES IN THIS MARKET:

Key market companies leading the global industrial alcohol market profiled in the report are

1. MGP Ingredients (U.S.)
2. The Andersons Inc. (U.S.)
3. Sigma Aldrich (U.S.)
4. Grain Processing Corporation (U.S.)
5. Cargill (U.S.)
6. Raizen Energia (Brazil)
7. Green Plains Inc. (U.S.)
8. Cristalco (France)
9. Greenfield Specialty Alcohols (Canada)
10. Flint Hills Resources (U.S.)