The global industrial alcohol market is anticipated to grow at a CAGR of 6.8% during the forecast period. Cohesive government policies to promote ethanol blending with petrol are anticipated to drive the growth of the global industrial alcohol market. The government's decision to bring forward the ethanol blending target of 20% to 2025-26 from 2030 has brought additional cheer to sugar producers. India’s sugar industry had been experiencing tepid growth for years. Between FY14 and FY21, growth was just 3.6%. This situation worsened during the pandemic as demand suffered and inventory levels with sugar producers reached record highs. To achieve this 20% blending target, India needs an ethanol production capacity of over 10 billion liters.
Browse the full report description of “Industrial Alcohol Market Size, Share & Trends Analysis Report, By Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol, and Others), By Source (Sugarcane & Bagasse, Corn, Grains, Molasses, Fossil Fuels, and Others), By Application (Fuel, Chemical Intermediates & Solvents, Pharmaceuticals, Personal Care Products, Food, and Others), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/industrial-alcohol-market
Apart from this, recent developments by market players are further anticipated to drive the growth of the global industrial alcohol market. For instance, in July 2020, Green Plains Inc. announced that its subsidiary, Green Plains Wood River LLC has installed a separate 25 million gallon facility engineered and constructed by ICM, Inc. to produce FCC Grade alcohol for domestic and export markets and expects to upgrade the production process to produce USP Grade alcohol over the next four to six months. At completion time, the upgrade to USP at Wood River will bring Green Plains’ total USP production capacity to approximately 75 million gallons per year.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Source
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Cargill Inc., Raizen Energia, Sigma-Aldrich Inc., Univar Solutions, and MGP Ingredients among others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Industrial Alcohol Market Report by Segment
By Type
By Source
By Application
Global Industrial Alcohol Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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