SWOT Analysis

Strength: Industrial alcohol has various industrial uses such as chemicals, fuel, and pharmaceuticals which drives its consistent demand. It can be manufactured from different feedstocks such as sugarcane, corn, cellulosic biomass which ensures supply stability. Many developed nations encourage industrial alcohol production through tax breaks and subsidies which benefits producers.

Weakness: Industrial alcohol production is a capital intensive process requiring large distillation facilities and storage tanks. Transportation of large volumes also leads to higher logistical costs. Significant fluctuations in agricultural commodity prices impacts production costs.

Opportunity: Growing end use industries like chemicals and personal care provides new avenues of growth for industrial alcohol. Advancements in cellulosic technology can enable cost effective production of alcohol from non-food biomass.

Threats: Stringent environmental regulations around wastewater discharge and air pollution increase compliance costs. Volatility in crude oil prices impacts demand for fuel grade alcohol.

Key Takeaways

The Global Industrial Alcohol Market Size  is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing demand for solvents and fuel. The market size for 2023 is US$ 199.19 Bn.

Regional analysis

The North America region dominates the global industrial alcohol market with a share of over 35%, driven by large methanol and fuel grade alcohol production in the US. Asia Pacific exhibits the fastest growth on account of a growing chemical industry in China and India.

Key players
Key players operating in the industrial alcohol market are BASF SE, BIRLA SUGAR, CARGILL INCORPORATED., CRISTALCO, FLINT HILLS RESOURCES, GREEN PLAINS INC., GREENFIELD SPECIALTY, MGP INGREDIENTS INC., SIGMA ALDRICH, and THE ANDERSONS INC

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