Is Your Business Ready as Countries, their Economies & Markets Reopen from Coronavirus Lockdowns? The New Study on Industrial Alcohol Provides a Fresh Analytical Window into the Changing Market Landscape
The global market for Industrial Alcohol is projected to reach US$160.4 billion by 2025, despite the short-term pain estimated for the industry as a result of the ongoing pandemic.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Industrial Alcohol market. Report segmentation includes Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol, Other Types); Source (Grains, Molasses, Sugar, Fossil Fuels, Other Sources); Application (Fuel, Chemicals, Personal Care, Pharmaceutical, Food Ingredients, Other Applications) ).
7 June 5:10 A.M., California/Marketwire/ - According to the new market research report, the global market for Industrial Alcohol is projected to reach US$160.4 billion by 2025, despite the short-term pain estimated for the industry as a result of the ongoing pandemic. The COVID-19 pandemic is having a considerable impact on world economy and all industries. The imposition of travel bans, quarantines and lockdowns in several key economies are leading to slowdown in supply chain, creating uncertainty in the stock market, and affecting business confidence levels, besides causing panic among the world population. Essentially distilled ethanol, industrial alcohol finds use in a broad spectrum of applications ranging from biofuel and personal care to pharmaceuticals, all of which will witness the impact of the COVID-19 pandemic now and in the coming years.
Although, there is now increased demand for ethanol used in hand sanitizers, the increase is unlikely to reduce the short-term pain for the industry in the year 2020. Hand sanitizers and disinfectants become one of the most sought after products in hospitals, nursing homes, offices and homes to reduce the risk of infection from coronavirus. Similar to other viral respiratory infections such as flu, novel coronavirus is spread through virus-laden droplets transferred from an infected person or by touching surfaces contaminated with the virus. Alcohol-based hand sanitizers contain between 60 percent and 95 percent of isopropyl alcohol, ethanol or n-propanol are known to be very effective in killing the virus. Hence hand based sanitizers with more than 60% ethanol and 70% isopropanol is recommended for hand hygiene, primarily in healthcare settings. Against the backdrop of escalating demand for hand sanitizers and other disinfectants to tackle the spread of novel coronavirus, consumption of ethanol used in sanitizers now exceeds millions of gallons. Demand is expected to remain significant as every country is looking for strategies to control the spread and prevent their health systems from being overwhelmed. Amid the ongoing public health crisis, companies are ramping up production of industrial alcohol used in making of hand sanitizers and commercial disinfectants. Companies ranging from alcohol distillers to producers of biofuels are shifting to temporary production of industrial ethanol to address the widening supply gap.
Key Competitors Covered in the Report
Flint Hills Resources LLC
Grain Processing Corporation
Green Plains Inc.
Greenfield Global Inc.
HPCL Biofuels Limited
The Andersons Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe)
Asia-Pacific (Australia, India, South Korea, Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, UAE, Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1176. Among this pool, 212 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 47 unique participations, a total of 21 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.