Environmental concerns related to the use of fossil fuels leading to greenhouse gas emissions drive the usage of ethyl alcohol as a blend in transportation fuel. Sugarcane & bagasse, corn and other grains are used as a major source of industrial alcohol manufacturing. However, the use of fossil fuel is increasing for production of industrial alcohol. There is a major contribution for corn production is done by North America and South America where countries like the US produce and export corn for the production of industrial alcohol.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202506822

Based on application, the fuel segment accounted for the largest share in the industrial alcohol market in 2019.Fuel is the major segment contributing to the markets of all the regions across the globe. In 2018, the US consumed around 54.43 billion litres of ethanol, which accounted for almost 10% of the total motor oil consumed by the country. Automobile manufacturers are continuously developing flex-fuel cars and hybrid cars to enable car owners to use higher blends of ethanol, such as E85 and E100.

Based on source, the fossil fuel segment accounts for the largest share in the industrial alcohol market in 2019.Coal, natural gas, petroleum, and petroleum products are the fossil fuels used for the production industrial alcohol. Apart from ethyl alcohol, other types of alcohol produced by fractionating petroleum are methyl alcohol, isopropyl alcohol, and isobutyl alcohol, which find applications in varied industries. Petroleum-based alcohol manufacturing is cost-effective and is produced in a single-step manufacturing process. A rise in the consumption of petroleum-based alcohols is expected due to its increasing demand in industrial & chemical applications such as paints, solvents, varnishes, detergents, and cosmetics. The Sugarcane & bagasse segment also holds a strong contribution to the industrial alcohol market by source.

North America was the largest market for industrial alcohol in 2019, followed by Europe. The growth of the market in the region is backed by the US, which is among the largest producers of corn at a global level. Due to these factors, the demand for industrial alcohol remain high in this region.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=202506822

Inoculant manufacturers are focusing on expanding their consumer base in the market. Leading players operating in the industrial alcohol market include Cargill (US), Raizen Energia (Brazil), Green Plains Inc (US), Cristalco (France) and MGP Ingredients (US). Other players include, The Andersons Inc (US), Sigma-Aldrich (US), Grain processing Corporation (U.S.US), Greenfield Global Inc. Specialty Alcohols (Canada), and Flint Hills Resources (US)., Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), Eastman Chemical Company (US), Dow Chemical Company (US), LyondellBasell Industries (Netherlands), Linde plc (Ireland), EcoLab (US), Univar Solutions (US), Archer Daniels Midland (ADM) (US), and Wilmar International (Singapore).