Industrial Alcohol Market Current Outlook Of Industry & Forecast 2022-2032| Future Market Insights, Inc.

The global industrial alcohol market is expected to witness growth at a CAGR of 7.6% in the forecast period (2022-2032) and is likely to be valued at US$ 194.7 Bn by 2032.

Alcohol-based sanitizers are considered to be powerful cleaning agents that are used in a wide range of industries to disinfect machinery and equipment. Increasing consumer preference for sanitizers is set to boost growth in the global industrial alcohol market.

Rising use of alcohol-based disinfectants in the healthcare sector to clean medical devices owing to their high effectiveness in killing a wide range of microorganisms is anticipated to drive growth. They are also non-toxic and simple to use, thereby making them ideal for utilization in medical settings.

Endoscope disinfection is one of the most common uses of alcohol-based disinfectants in the healthcare sector. Cleaning and disinfecting respiratory therapy equipment that is frequently contaminated with various microorganisms is another vital application of industrial alcohol. Alcohol-based disinfectants can be used to kill microorganisms, thereby preventing the spread of infections.

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Key Takeaways: Industrial Alcohol Market

  • The industrial alcohol market is expected to expand at a CAGR of 6% over the forecast period.
  • By source, the corn segment is set to dominate the market by holding around 2% of share and is expected to grow at a CAGR of 4.2% over the forecast period.
  • Based on product type, the ethyl alcohol segment is likely to lead the industrial alcohol market by holding more than 2% of share in 2022.
  • In terms of application, the transportation fuel & fuel additives segment is anticipated to generate 7% of share in 2022.
  • The U.S. industrial alcohol market currently holds more than 7% of share in North America. 

“Increasing adoption of bioethanol as a transportation fuel across the globe to reduce emissions of carbon dioxide in the atmosphere and promote sustainability is likely to drive the global industrial alcohol market,” says a Future Market Insights analyst.

Competitive Landscape: Industrial Alcohol Market

Key manufacturers in the global industrial alcohol market are mainly focusing on research & development activities in order to come up with innovative and unique product offerings. In addition to that, key players are focusing on mergers, acquisitions, and joint ventures to expand their geographic presence, as well as their existing production capacities.

  • In July 2020, Green Plains Wood River LLC, a Green Plains Inc. subsidiary, announced the installation of a separate 25-million-gallon facility to produce Food Chemicals Codex (FCC) grade alcohol for export and domestic markets. It has plans to expand the production process to manufacture United States Pharmacopeia (USP) grade alcohol within the next few months.

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More Valuable Insights on Industrial Alcohol Market

Future Market Insights, in its new report, offers an impartial analysis of the global industrial alcohol market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Industrial Alcohol Market Outlook by Category

By Source:

Bagasse & Sugarcane

Molasses

Grains

Corn

Fossil Fuels

Others

By Product Type:

Ethyl Alcohol

Isopropyl Alcohol

Isobutyl Alcohol

Methyl Alcohol

Others

By Application:

Pharmaceutical

Transportation Fuel & Fuel Additives

Chemical Intermediates

Food Ingredient

Personal Care

Detergent & Cleaning Chemicals

Others

By Processing Method:

Fermentation

Synthetic

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

Frequently Asked Questions

  • How much is the global industrial alcohol market worth?
  • What is the North America industrial alcohol market outlook?
  • Who are the key players operating in the global industrial alcohol market?
  • At what rate will the demand for industrial alcohol grow in China?

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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