Global Industrial Alcohol Industry Research Report 2023-2030 - Rising Importance of Alternative Fuels and Government Support for Biofuels Augurs Well for the Industrial Alcohol Market - ResearchAndMarkets.com
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
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