Ethanol (also called ethyl alcohol, grain alcohol, drinking alcohol, spirits, or simply alcohol) is an organic chemical compound.
Industrial Ethanol is a type of ethanol used in industrial applications, and also implies ethanol produced for purposes other than consumption in beverage form.
Industrial ethanol has a wide variety of uses, including as an ingredient in food preservatives, fragrances and cosmetics, as well as in pharmaceutical ethanol when administering shots to patients. Industrial ethanol is also known as one of the ingredients used to make vinegar. Globally, fuel ethanol accounts for 73% of production, with beverage ethanol at 17% and industrial ethanol at 10%.
Industrial ethanol can further be separated into two types-fermented and synthetic. The difference between these two types is found in their manufacturing method and source ingredients. The primary ingredient for fermented ethanol is agricultural crops, such as sugarcane or corn, and alcohol fermentation is carried out courtesy of an organism called yeast, with the ensuing chemical process yielding fermented ethanol. This same naturally occurring yeast is also used when making ethanol for beverage use.
Pharmaceutical ethanol is used in the pharmaceutical industry for manufacturing of products such as anesthetics, antiseptics, drugs, liniments, lotions, and also for cosmetics such as fragrances, deodorants and shampoos.
Source: Secondary Sources and QYResearch, 2023
According to the new market research report “Pharmaceutical Ethanol - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Pharmaceutical Ethanol market size is projected to reach USD 1.26 billion by 2029, at a CAGR of 6.1% during the forecast period.
- Global Pharmaceutical Ethanol Market Size(US$ Million), 2018-2029
Source: QYResearch, “Pharmaceutical Ethanol - Global Market Insights and Sales Trends 2024”
- Global Pharmaceutical Ethanol Top16Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, “Pharmaceutical Ethanol - Global Market Insights and Sales Trends 2024”
The global key manufacturers of Pharmaceutical Ethanol include Cargill, Greenfield, GPC, Cristal Union, Euro-Alkohol, CropEnergies, SDIC JILIN, ALCOGROUP, Manildra, Godavari, etc. In 2021, the global top five players had a share approximately 38.0% in terms of revenue.
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