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Latin America Industrial Alcohol Market Research Report – Segmented By Type, Source, Application, Purity, Processing Method, Functionality & Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecasts (2022 to 2027)

Published: January, 2022
ID: 3528
Pages: 125
Formats: report pdf report excel report power bi report ppt
Published: January, 2022
ID: 3528
Pages: 125
Formats: report pdf report excel report power bi report ppt
Published: January, 2022
ID: 3528
Pages: 125
Formats: report pdf report excel report power bi report ppt

Latin America Industrial Alcohol Market Size & Growth (2021 – 2026):

According to the report, the Size of the Latin America Industrial Alcohol Market is valued at USD 5.06 billion in 2021 and estimated to grow at a CAGR of 8.7%, to reach USD 7.68 billion by 2026 during the forecast period 2022 - 2027.

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 the chemical laboratories or industries for the purpose of sanitizing, cleaning and another solvent usage. Moreover, this type of ethyl alcohol is also used in medicines, as a food ingredient, flavoring, and 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 out broke from the growth of alcoholic beverages but nowadays it is used as a solvent and synthesizing other chemicals.

The multinational character of industrial alcohol alongside its use in biofuel has been a significant driver in the market. The utilization of bioethanol in the family unit and other industrial designs are sparing the planet from cruel circumstances like extraction of fuel from the ocean among others. Here, industrial alcohol is totally denatured before being added to the restorative items, cleansers, solvents, and others. However, the fluctuating costs of crude materials limit the industrial alcohol market.

The market is anticipated to keep thriving in both created and creating districts. The huge rise in spending has increased the demand for industrial alcohol.

Latin America Industrial Alcohol Market has been segmented and sub-segmented into the following categories

  • By Type: Ethyl, Methyl, Isopropyl, Isobutyl, Benzyl Alcohol
  • By Source: Sugar & Molasses, Corn, Grains, Fossil Fuels
  • By Application: Personal Care, Pharmaceutical, Fuel, Food, Chemical
  • By Purity: Denatured Alcohol & Undenatured Alcohol
  • By Processing Method: Fermentation Method And Synthetic Method
  • By Functionality: Antimicrobial Activity ,Fragrant/Flavoring Agents, Solubility ,Antifreeze ,and Flammability & Volatility.
  • By Country: Mexico, Brazil, Argentina, Chile & the Rest of Latin America.

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

Latin America Industrial Alcohol Market Key players:

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

 

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