Industrial Alcohol Market is estimated to be valued at USD 241.9 Bn in 2025 and is expected to reach USD 477.43 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 241.9 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
10.20%
2032 Value Projection:
USD 477.43 Bn
Industrial alcohols are a variety of distillates that are used for a wide range of purposes in industries like cosmetics, pharmaceuticals, and paints & coatings. Ethyl alcohol, which is a key ingredient of these products, is derived from a variety of sources. For example, it can be produced from corn or molasses or a combination of both. Other types of industrial alcohols include methyl alcohol, isopropyl, and isobutyl. These alcohols are used as solvents in many products. They are also used as fuel for ethanol-based vehicles and to help in the creation of biofuels that can be burned without damaging the environment.
Market Dynamics:
The global industrial alcohols market has experienced a significant rise in demand from the end use industries since the recent past. The demand is driven by several factors such as growing consumer awareness regarding maintaining a hygienic environment and rising demand for cosmetic products. The emergence of new and advanced drugs has led to the need for high-grade alcohols that are safe to use as raw materials for producing medicines. In addition, the demand for industrial alcohol is also driven by the growing need for ethanol fuel.
On the other hand, increasing price of raw materials is expected to hamper the market growth.
Key features of the study:
This report provides in-depth analysis of the global industrial alcohols market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial alcohols market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BASF SE, BIRLA SUGAR, CARGILL INCORPORATED., CRISTALCO, FLINT HILLS RESOURCES, GREEN PLAINS INC., GREENFIELD SPECIALTY, MGP INGREDIENTS INC., SIGMA ALDRICH, and THE ANDERSONS INC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial alcohols market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial alcohols market
Detailed Segmentation:
Global Industrial Alcohol Market, By Type
Isopropyl Alcohol
Methyl Alcohol
Ethyl Alcohol
Isobutyl Alcohol
Benzyl Alcohol
Others (Pentanol and Methyl-1-Butanol)
Global Industrial Alcohol Market, By Application
Fuel
Chemical Intermediates & Solvent
Pharmaceuticals
Personal Care Products
Food Ingredients
Other Applications (Adhesives and Coatings)
Global Industrial Alcohol Market, By Processing Methods
Fermentation
Synthetic
Source
Molasses
Sugar
Grains
Fossil Fuels
Other Source (Whey and Grapes)
Global Industrial Alcohol Market, By Geography
North America
Europe
Asia Pacific
Rest of World
Company Profiles:
BASF SE
BIRLA SUGAR
CARGILL INCORPORATED.
CRISTALCO
FLINT HILLS RESOURCES
GREEN PLAINS INC.
GREENFIELD SPECIALTY
MGP INGREDIENTS INC.
SIGMA ALDRICH
THE ANDERSONS INC.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Processing Methods
Market Snapshot, By Source
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Increasing demand for biofuels
Growing price of raw materials
Rising use of ethanol
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Industrial Alcohols Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Industrial Alcohols Market , By Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Isopropyl Alcohol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Methyl Alcohol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Ethyl Alcohol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Isobutyl Alcohol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Benzyl Alcohol
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Others (Pentanol and Methyl-1-Butanol)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Industrial Alcohols Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Fuel
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Chemical Intermediates & Solvent
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Personal Care Products
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Personal Care Products
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Other Applications (Adhesives and Coatings)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
7. Global Industrial Alcohols Market, By Processing Methods, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2025 - 2032
Segment Trends
Fermentation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Synthetic
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
8. Global Industrial Alcohols Market, By Source, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Molasses
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Sugar
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Grains
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Fossil Fuels
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Other Source (Whey and Grapes)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
9. Global Industrial Alcohols Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021 -2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Processing Methods, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Processing Methods, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Processing Methods, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032,(US$ Bn)
Rest of World
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Processing Methods, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032,(US$ Bn)