North America Industrial Alcohol Market Research Report - Segmented By Type, Source, Application, Purity, Processing Method, Functionality & Country (US, Canada & Rest of North America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029)

Updated On: January, 2024
ID: 3523
Pages: 110

North America Industrial Alcohol Market Size (2024-2029):

The North America Industrial Alcohol Market is valued at USD 28.94 billion in 2023 and is expected to grow at a CAGR of 11%, to reach USD 48.76 billion by 2029 forecast period 2024-2029.

Market Scenario:

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 to sanitize, clean, and other solvent usage. Moreover, this type of ethyl alcohol is also used in medicines, as a food ingredient, as flavouring, 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.

The significant driver for Industrial Alcohol rising demand for organic solvents owing to efficient properties including high octane number and flammability characteristics. It is a better and cleaner burning fuel that is blended with gasoline and diesel fuels to reduce fuel consumption and emissions. The rising environmental concerns and strict government guidelines supporting the development of bioethanol in several countries will further boost the industrial alcohol market.

Market Segmentation:

North America Industrial Alcohol Market - By Type:

  • Ethyl
  • Methyl
  • Isopropyl
  • Isobutyl
  • Benzyl Alcohol

North America Industrial Alcohol Market - By Source:

  • Sugar & Molasses
  •  Corn
  • Grains
  • Fossil Fuels

North America Industrial Alcohol Market - By Application:

  • Personal Care
  • Pharmaceutical
  • Fuel
  • Food
  • Chemical

North America Industrial Alcohol Market - By Purity:

  • Denatured Alcohol & Undenatured Alcohol

North America Industrial Alcohol Market - By Processing Method:

  • Fermentation Method
  • Synthetic Method

North America Industrial Alcohol Market - By Functionality:

  • Antimicrobial Activity
  • Fragrant/Flavoring Agents
  • Solubility
  • Antifreeze
  • Flammability & Volatility

North America Industrial Alcohol Market - By Country:

  • US
  • Canada & Rest of North America.

Market Key Players:

  1. MGP Ingredients                                
  2. The Andersons Inc
  3. Sigma Aldrich
  4.  Grain Processing Corporation
  5. Cargill
  6. Raizen Energia
  7. Green Plains Inc
  8. Cristalco
  9. Greenfield Specialty Alcohols
  10. Flint Hills Resources.

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