Industrial Alcohol Market: By Type ( Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol), By Preparation (Fermentation, Synthetic), By Source (Sugar and Molasses, Grains, Corn, Fossil Fuels, Others), By Application (Fuel,  Personal Care Products, Pharmaceuticals, Chemical Intermediate and Solvent) and By Geography  

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Industrial Alcohol Market size was valued at USD 130.8 billion in 2022 and is poised to grow at a CAGR of 8.2% from 2023-2029. Industrial Alcohol market is highly fragmented in nature with the nearness of a few worldwide and provincial players. The presentation of biofuel lessened the measure of petroleum derivative devoured by oil-bringing in nations prompting drop in worldwide raw petroleum costs. Ethanol and raw petroleum are moving in unmistakably inverse ways. In most recent couple of years, the ecological effects by maker in modern liquor advertise have been essentially diminished. The biological effects related with oil utilization as a transportation fuel and feedstock keep on putting weight on significant oil makers. Producers of ethanol, for example, HPCL Biofuels Limited utilize molasses and use aging, multi-weight refining and atom strainer advancements and market ethanol as condition amicable fuel though makers occupied with the creation of sugar and its related items, and preparing of grains. Ethanol or industrial alcohol, likewise called ethyl alcohol, pure alcohol, grain alcohol, or drinking alcohol, is an unstable, combustible, lackluster fluid derived straightforwardly from molasses. Ethanol fuel is the most widely recognized biofuel around the world, especially in Brazil. Liquor fills are created by the aging of sugars got from wheat, corn, sugar beets, sugar stick, molasses and any sugar or starch that mixed drinks can be produced using (like potato and organic product squander, and so forth.). The ethanol generation strategies utilized are compound absorption (to discharge sugars from stored starches), maturation of the sugars, refining, and drying. The refining procedure requires critical vitality contribution for warm. The report studies global Industrial alcohol market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.

Global Industrial Alcohol Market Summary

Study Period


Base Year




Largest Market

North America

Fastest Growing Market

Industrial Alcohol Market Dynamics

The worldwide industrial alcohols market is driven by in the developing interest for biofuels among end clients for vitality security and expanding interest for low-evaluated feedstock in the compound business. Also, surge sought after for natural solvents because of excellent properties of these alcohols, for example, high-octane number and greater combustibility qualities help the market development in transportation. Likewise, lack of oil and ascend in costs of vitality have exasperated the issue of vitality emergency; prompting expanding usage of alcohols as a vitality source. Further, bioethanol is blended with gas and diesel for use as a fuel in vehicles. Also, government commands to utilize 22% ethanol mixed oil in Brazil combined with mix of 10% ethanol with petroleum (gasohol) in the U.S. for routine use in autos have impelled the industrial alcohols market development.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

Global Industrial Alcohol Market Segmentation

By Type
  • Methyl Alcohol
  • Ethyl Alcohol
  • Isopropyl Alcohol
By Preparation
  • Fermentation
  • Synthetic
By Source
  • Sugar and Molasses
  • Grains
  • Corn
  • Fossil Fuels
  • Others
By Geography
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Frequently Asked Questions

The industrial alcohol market is projected to expand at a CAGR of 8.2% during the forecast period.  

BASF SE (Germany), Cargill, Incorporated (U.S.), Exxon Mobil Corporation (U.S.), Raizen (Brazil), Eastman Chemical Company (U.S.)

North America is the fastest-growing region for the industrial alcohol market

  • BASF SE (Germany)
  • Cargill, Incorporated (U.S.)
  • Exxon Mobil Corporation (U.S.)
  • Raizen (Brazil)
  • Eastman Chemical Company (U.S.)
  • Royal Dutch Shell plc (Netherlands)
  • MGP (U.S.)
  • Greenfield Global, Inc. (Canada)
  • Cristalco (France)
  • Green Plains Inc. (U.S.)

Adjacent Markets