Dublin, April 19, 2024 (GLOBE NEWSWIRE) -- The "Industrial Alcohol - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Alcohol Market to Reach $235.8 Billion by 2030
The global market for Industrial Alcohol estimated at US$136.1 Billion in the year 2023, is projected to reach a revised size of US$235.8 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2023-2030.
The industrial alcohol market shows promising prospects and outlook, with ethyl alcohol dominating the global market. Fuel emerges as the largest end-use application market, highlighting the diverse uses of industrial alcohol. Additionally, feedstock usage plays a crucial role in industrial alcohol production. High growth opportunities are identified in emerging economies, indicating a favorable market landscape for expansion.
Ethyl Alcohol, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$84.4 Billion by the end of the analysis period. Growth in the Methyl Alcohol segment is estimated at 7.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $37.3 Billion, While China is Forecast to Grow at 9.6% CAGR
The Industrial Alcohol market in the U.S. is estimated at US$37.3 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$40.8 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 5.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.
Competition in the market is notable, with players striving for market share and innovation driving recent market activity. Overall, the industrial alcohol market presents a dynamic environment with significant potential for growth and development.
MARKET OVERVIEW
- Industrial Alcohol: An Introduction
- Ethyl Alcohol or Ethanol
- Methyl Alcohol or Methanol
- Isopropyl Alcohol
- Isobutyl Alcohol
- Benzyl Alcohol
- Industrial Alcohol Market: Prospects and Outlook
- Ethyl Alcohol Dominates Global Industrial Alcohol Market
- Fuel Emerges as the Largest End-Use Application Market
- Feedstock Usage in Industrial Alcohols
- High Growth Opportunities in Emerging Economies
- Competition
- Recent Market Activity
- Industrial Alcohol - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
MARKET TRENDS & DRIVERS
- Expanding Range of Applications for Industrial Alcohol Boosts Market Prospects
- Rising Importance of Alternative Fuels and Government Support for Biofuels Augurs Well for the Industrial Alcohol Market
- Ethanol Production Scenario
- Global Fuel Ethanol Production (in Million Gallons) for 2023
- Leading Fuel Ethanol Producers Globally in Million Gallons: 2023
- Fuel Ethanol Production Capacity in the US (in Billion Gallons Per Year) for the Period 2015-2023
- European Ethanol Market by End-Use (in % of Production Volume) for 2023
- European Renewable Ethanol Production (Volume Share) by Feedstock: 2023
- Rising Demand for Ethanol as Fuel Spurs Market Prospects
- Increasing Trend towards Ethanol Blending with Gasoline Fuels Market Prospects
- Automotive Industry Dynamics Influence Demand Trends in Ethanol Market
- Global Passenger Car Sales (In Million Units) for the Years 2010-2024
- Growing Use of Industrial Alcohol in Personal Care Industry
- World Beauty and Personal Care Products Market (in US$ Billion) for Years for Years 2019, 2021, 2023, & 2025
- Demand for Industrial Alcohol on the Rise from Pharmaceutical Industry
- Rising Demand for Hand Sanitizers Boosts Prospects for Denatured Alcohol Market
- Opportunity Indicator: Global Hand Sanitizer Market (In Billion US$) for the Years 2019, 2021, 2023 & 2025
- Chemical Industry Evolves as a Major End-Use Market for Industrial Alcohol
- Methyl Alcohol Market Benefits from Myriad Applications
- Global Methanol Production Capacity in Million Metric Tons for 2018 and 2030
- Global Methanol Production Capacity Breakdown (in %) by Region: 2019
- Isopropyl Alcohol Market: Growing Applications in Diverse Markets Fuels Prospects
- Rising Demand for Disinfectants Augurs Well for Isopropyl Alcohol Market: Global Antiseptic & Disinfectants Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
- Widespread Availability of Feedstock for Industrial Alcohol Favors Market Growth
- Global Ethanol Market by Feedstock (in %) for 2023
FOCUS ON SELECT PLAYERS(Total 105 Featured)
- Cargill, Inc.
- Cristalco S.A.S
- Dhampur Sugar Mills Limited
- Green Plains, Inc.
- Grain Processing Corporation
- HPCL Biofuels Limited
- Iogen Corporation
- MGP Ingredients, Inc.
- The Andersons Inc.
- Sakthi Sugars Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ailkid
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