Growth In The Demand For Bioethanol In The Global Industrial Alcohol Market Environmental Concerns Related To The Use Of Chemicals And Fertilizers To Boost The Demand For Industrial Alcohol

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. Sugarcan 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 Amrerica and South America where countries like the US produce and export corn for the production of industrial alcohol. 

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Based on type,the ethyl alcohol industrial alcohol segment accounts for the largest share in the industrial alcohol market in 2019. Sales of ethyl alcohol is on a rise due to the wide applications of food grade and fuel grade ethyl alcohol.  There is a rise in fuel grade lethyl alcohol used as a blend in transportation fuel across various geographies such as Brazil, US, India and Argentina. Urbanization has also increased the sales of food grade lethyl alcohol used in alcoholic beverages. 

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. 

However, grains and corn segment is also rising due to use of such sources across various geographies. Cereals and grains include wheat, corn, barley, and rice crops. Countries such as Brazil and the US are projected to be the key revenue generators for cereals, as they are ranked among the largest producers and exporters of corn at a global level.With respect to wheat, sorghum, and other ethyl alcohol grains, the Asia Pacific region, especially China and India, is the major producer of grains; hence, Asia Pacific is seen to occupy the major share of the market.

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North America was the largest market for industrial alcoholin 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.

Inoculantmanufacturers are focusing on expanding their consumer base in the market. Leading players operating in the industrial alcoholmarket includeCargill (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).

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