Industrial Alcohol Market Expected to Reach 180.83 Billion USD by 2022

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MarketsandMarkets Presents
Industrial Alcohol Market worth 180.83 Billion
USD by 2022
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The report "Industrial Alcohol Market by Type
(Ethyl, Methyl, Isopropyl, Isobutyl, Benzyl
Alcohol), Source (Sugar Molasses, Corn, Grains,
Fossil Fuels), Application (Personal Care,
Pharmaceutical, Fuel, Food, Chemical), and Region
- Global Forecast to 2022", is projected to reach
USD 180.83 Billion by 2022 in terms of value, at
a CAGR of 9.8 from 2017 to 2022. Industrial
alcohol is widely accepted either as a reagent or
solvent in a wide number of applications, such as
the pharmaceutical, personal care, energy sector,
and chemical industries. Their multi-functionality
increases its adoption in end-use applications.
Also, the growing demand of biofuel and increase
in demand for alcohol across varied sectors has
expanded the application areas of industrial
alcohol. Browse  71 market data tables 66
figures 169 pages and in-depth TOC on Industrial
Alcohol Market. You can speak to our
analyst_at_ http//www.marketsandmarkets.com/speaktoa
nalyst.asp?id202506822
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(No Transcript)
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The industrial alcohol market is projected to
grow at a CAGR of 9.8, in terms of value, from
2017 to reach a projected value of USD 180.83
Billion by 2022. The multifunctional nature of
industrial alcohol, and increase in demand for
biofuel are the main factors driving the
industrial alcohol market. Increase in awareness
with regard to the environment deterioration
among the global population also fuels the demand
for industrial alcohol. The industrial alcohol
market, on the basis of type, has been segmented
into ethyl alcohol, methyl alcohol, isopropyl
alcohol, isobutyl alcohol, benzyl alcohol, and
others. The ethyl alcohol segment has emerged as
the most widely used industrial alcohol owing to
their multifunctional properties and their vast
application in the energy sector as
biofuel. Based on source, the market is
segmented into sugar molasses, corn, grains
(excluding corn), fossil fuels, and others. Corn
is estimated to account for the largest market
share in 2017. The global demand for industrial
alcohol from fossil fuels is seen to witness an
exponential increase. Since ethyl alcohol is the
largest produced industrial alcohol, and U.S. is
the main producer of ethyl alcohol from corn,
corn is estimated to account for the largest
share, among all other sources. The industrial
alcohol market has been segmented on the basis of
application into fuel, chemical intermediates
solvents, pharmaceuticals, personal care
products, food ingredients (excluding beverages),
and others. Industrial alcohol has been gaining
importance in the fuel segment with an increase
in demand for biofuels and development of flex
cars to boost the use of biofuels, for a safe
environment.
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• North America is estimated to be the largest
  share in terms of value, in the global industrial
  alcohol market, in 2017. Positive knowledge of
  segments create a platform for innovative
  applications of industrial alcohol, and tapping
  the emerging markets in China, India, and
  Thailand leads to growth opportunities in
  Asia-Pacific.
• The market is dominated by key players such as
  Cargill (U.S.), Raizen Energia (Brazil), Green
  Plains Inc. (U.S.), Cristalco (France), MGP
  Ingredients (U.S.), The Andersons Inc. (U.S.),
  Sigma Aldrich (U.S.), Grain Processing
  Corporation (U.S.), Greenfield Specialty Alcohols
  (Canada), and Flint Hills Resources (U.S.).
• Scope of the report
• Based on Type, the market has been segmented as
  follows
• Ethyl Alcohol 
• Methyl alcohol
•  Isopropyl alcohol
•  Isobutyl alcohol
•  Benzyl alcohol
•  Others  (sorbitol and maltitol)
• Based on Source, the market has been segmented as
  follows
• Sugar molasses
• Corn

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• Based on Application, the market has been
  segmented as follows
• Personal care products
• Pharmaceuticals
• Fuel
• Food ingredients (excluding beverages)
• Chemical intermediates solvent
• Others (home care ptoducts and reagents)
• Based on Region, the market has been segmented as
  follows
• North America
• Asia-Pacific
• Europe
• South America
• RoW (the Middle East Africa, Other in RoW)
• Available Customizations

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