Europe Industrial Alcohol Market

Europe Industrial Alcohol Market Size (2024 to 2029)

As per our analysis report, the Europe Industrial Alcohol Market is expected to reach USD 49.98 billion by 2029 from USD 30.75 billion in 2024, growing at a compound annual growth rate (CAGR) of  10.2% during the forecast period.

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 for the purpose of sanitizing, cleaning, and other solvent usage. Moreover, this type of ethyl alcohol is also used in medicines, as a food ingredient, as flavoring, 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.

Organic solvents consisting of ethanol, methanol, and isobutanol are the most widely used solvents in the chemical industry after water. The feedstock prepared from starch and corn is low-cost and used to meet energy requirements in various industries. However, the fluctuating costs of crude materials limit the industrial alcohol market.

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

Europe Industrial Alcohol Market By Type

• Ethyl
• Methyl
• Isopropyl
• Isobutyl
• Benzyl Alcohol

Europe Industrial Alcohol Market By Source

• Sugar & Molasses
• Corn
• Grains
• Fossil Fuels

Europe Industrial Alcohol Market By Application

• Personal Care
• Pharmaceutical
• Fuel
• Food
• Chemical

Europe Industrial Alcohol Market By Purity

• Denatured Alcohol & Undenatured Alcohol

Europe Industrial Alcohol Market By Processing Method

• Fermentation Method And Synthetic Method

Europe Industrial Alcohol Market By Functionality

• Antimicrobial Activity
• Fragrant/Flavoring Agents
• Solubility
• Antifreeze
• Flammability & Volatility

Europe Industrial Alcohol Market By Country

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Czech Republic & Rest of Europe

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 Europe Industrial Alcohol market.