Latin America Industrial Alcohol Market

Latin America Industrial Alcohol Market Size (2023-2028):

Latin America Industrial Alcohol Market is valued at USD 6.4 billion in 2022 and is estimated to grow at a CAGR of 9.2%, to reach USD 7.68 billion by 2028 during the forecast period 2023-2028

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 broke from the growth of alcoholic beverages but nowadays it is used as a solvent and synthesizing other chemicals.

The multinational character of industrial alcohol alongside its use in biofuel has been a significant driver in the market. The utilization of bioethanol in the family unit and other industrial designs are sparing the planet from cruel circumstances like the extraction of fuel from the ocean among others. Here, industrial alcohol is totally denatured before being added to restorative items, cleansers, solvents, and others. However, the fluctuating costs of crude materials limit the industrial alcohol market.

The market is anticipated to keep thriving in both created and created districts. The huge rise in spending has increased the demand for industrial alcohol.

Latin America Industrial Alcohol Market has been segmented and sub-segmented into the following categories

By Type:

• Ethyl

• Methyl

• Isopropyl

• Isobutyl

• Benzyl Alcohol

By Source:

• Sugar & Molasses

• Corn

• Grains

• Fossil Fuels

By Application:

• Personal Care

• Pharmaceutical

• Fuel

• Food

• Chemical

By Purity:

• Denatured Alcohol

• Undenatured Alcohol

By Processing Method:

• Fermentation Method

• Synthetic Method

By Functionality:

• Antimicrobial Activity

• Fragrant/Flavoring Agents

• Solubility

• Antifreeze

•  Flammability & Volatility

By Country:

• Mexico

• Brazil

• Argentina

• Chile

On the basis of type, Ethyl alcohol is the largest used industrial alcohol among all these and is used in more applications than any other type of industrial alcohol.

Latin America Industrial Alcohol Market Key players:

• MGP Ingredients
• The Andersons Inc
• Sigma Aldrich
• Grain Processing Corporation
• Cargill, Raizen Energia
• Green Plains Inc
• Cristalco
• Greenfield Specialty Alcohols
• Flint Hills Resources