North America Industrial Alcohol Market

North America Industrial Alcohol Market Size (2024 to 2029)

As per our analysis report, the North America Industrial Alcohol Market is expected to reach USD 54.12 billion by 2029 from USD 32.12 billion in 2024, growing at a compound annual growth rate (CAGR) of 11% during the forecast timeline. 

MARKET OVERVIEW

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.

This research report on the North American Industrial Alcohol market has been segmented and sub-segmented based on the following categories.

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

• The United States
• Canada
• Rest of North America

KEY MARKET PLAYERS

MGP Ingredients, The Andersons Inc, Sigma Aldrich, Grain Processing Corporation, Cargill, Raizen Energia, Green Plains Inc, Cristalco, Greenfield Specialty Alcohols, Flint Hills Resources are some of the notable companies in the North America Industrial Alcohol market.