Market Leaders in Industrial Alcohol Market
by Mit K. SEOThe industrial
alcohol market is estimated to reach USD 93.3 billion in 2020 and is
projected to account for USD 112.0 billion by 2025, recording a CAGR of 3.7%
during the forecast period. The global industrial alcohol market is projected
to grow in the coming years attributed to the growing consumer awareness and
increasing demand for alcohol-based sanitizers and disinfectants. There is a
rising demand for fuel grade ethyl alcohol which is used as a blend in
transportation fuels. The North American
region dominates in grain and corn production used for ethyl alcohol
manufacturing. The Asia pacific region is projected to grow at the highest
growth rate.
The key players in the industrial alcohol market include
Cargill (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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Sigma-Aldrich (US) is among the leading players in the
industrial alcohol market. The company has one of the largest range of alcohol
products. These products cater to industrial applications such as
pharmaceuticals, paints and coatings, alcoholic beverages, and many others. The company offers pure and denatured ethyl
alcohol as well as isopropyl alcohol, isobutyl alcohol. Its products are developed by a network of
more than 5 R&D centres across, which is backed by over 100 researchers in
its state-of-the-art facilities.
Pharmaceutical secondary standards for application in
quality control, provide pharma laboratories and manufacturers with a
convenient and cost-effective alternative to the preparation of in-house
working standards. The company’s alcohol products is a common organic solvent
that is widely used in chemistry, biochemistry, and molecular biology. It is
also utilized in pharmaceutical and perfume manufacture. Due to its occurrence
in alcoholic beverages, it is also widely used in in vivo studies on
alcohol-related pathology. The company’s products are used in development for
qualitative and quantitative analyses, food and beverage quality control
testing, and other calibration requirements. The company has research
professionals in over 5 innovation centres, and has presence in over 150
countries across Asia, Europe, South America, North America, Europe and Africa,
which gives it a competitive edge over other players.
MGP Ingredients (US) is a global producer and supplier of
distilled spirits and food ingredients. The companys distilled spirits
including the whiskeys, and grain neutral spirits, including vodka and gin. The
companys distillery products consist of food grade alcohol and distillery
co-products, such as distillers feed and fuel grade alcohol. The distillery
products segment also includes warehouse services, including barrel put away,
barrel storage, and barrel retrieval services. The company is also a producer
of industrial alcohol for use in both food and non-food applications. The
alcohol products are derived from corn and other grains (including rye, barley,
wheat, barley malt and milo). The
companys George Remus brand portfolio consists of various expressions, such as
George Remus Bourbon Whiskey. The companys vodka brand is Till American Wheat
Vodka. Its Food grade industrial alcohol is used as an ingredient in foods such
as vinegar and food flavourings; and personal care products such as hair sprays
and hand sanitizers;, cleaning solutions, pharmaceuticals and a range of other
products. The company has increased production of industrial alcohol, which is
used to produce hand sanitizers and commercial disinfectants in the US.
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Created on Nov 23rd 2020 06:58. Viewed 235 times.