Europe Industrial Alcohol Market

Europe Industrial Alcohol Market Size (2023-2028):

Europe Industrial Alcohol Market is valued at USD 25.32 billion in 2022 and is projected to grow at a CAGR of 10.2%, to reach USD 41.15 billion by 2028 during the forecast period 2023-2028.

Industrial alcohol is a distilled form of ethyl alcohol that is produced and sold for varied beverage purposes. Industrial alcohol is usually distributed in the form of pure ethyl alcohol. Pure ethyl alcohol is used in chemical laboratories or industries for the purpose of sanitizing, cleaning, and other solvent usage. Moreover, this type of ethyl alcohol is also used in medicines, as a food ingredient, as flavoring, and as other cosmetic products. In the medical sector, industrial alcohol is used in the process of manufacturing vaccines, syrups, and antiseptics.

Ethyl alcohol popularly termed Ethanol is a volatile, flammable, and colorless liquid and is the most widely used biofuel. The production of industrial alcohol is through the fermentation and distillation process that requires a certain temperature of heat as energy to develop. Initially, industrial alcohol was outbroken by the growth of alcoholic beverages but nowadays it is used as a solvent and synthesizing other chemicals.

Organic solvents consisting of ethanol, methanol, and isobutanol are the most widely used solvents in the chemical industry after water. The feedstock prepared from starch and corn is low-cost and used to meet energy requirements in various industries. However, the fluctuating costs of crude materials limit the industrial alcohol market.

Market Segmentation:

Europe Industrial Alcohol Market By Type:

• Ethyl
• Methyl
• Isopropyl
• Isobutyl
• Benzyl Alcohol

Europe Industrial Alcohol Market  By Source:

• Sugar & Molasses
• Corn
• Grains
• Fossil Fuels

Europe Industrial Alcohol Market By Application:

• Personal Care

• Pharmaceutical

• Fuel

• Food

• Chemical

Europe Industrial Alcohol Market  By Purity:

• Denatured Alcohol & Undenatured Alcohol

Europe Industrial Alcohol Market  By Processing Method:

• Fermentation Method And Synthetic Method

Europe Industrial Alcohol Market  By Functionality:

• Antimicrobial Activity

• Fragrant/Flavoring Agents

• Solubility

• Antifreeze

• Flammability & Volatility.

Europe Industrial Alcohol Market  By Country:

• UK

• France

• Spain

• Germany

• Italy

• Russia

• Sweden

• Czech Republic & Rest of Europe.

On the basis of type, Ethyl alcohol is the largest used industrial alcohol among all these and is used in more applications than any other type of industrial alcohol.

On the basis of region, Europe had a high CAGR during the forecast period. The reasons for the same might be government policies.

Prominent Companies dominating the European Industrial Alcohol Market Profiled in the Report are

• MGP Ingredients
• The Andersons Inc
• Sigma Aldrich
• Grain Processing Corporation
• Cargill
• Raizen Energia
• Green Plains Inc
• Cristalco
• Greenfield Specialty Alcohols
• Flint Hills Resources