Global Synthetic Organic Alcohol Market 2024–2033

Reports Description

The CMI Team’s most recent market research predicts that from 2024 to 2033, the global market for synthetic organic alcohol will grow at a rate of 4.8%. In 2024, the market size is projected to reach a valuation of USD 13,185.3 Million. By 2033, the valuation is anticipated to reach USD 20,106.7 Million.

Synthetic Organic Alcohol Specifications

Chemical Name	CAS Number	Molecular Formula	Purity	Appearance	Solubility	Boiling Point (°C)	Melting Point (°C)	Density (g/mL)	Flash Point (°C)
Ethanol	64-17-5	C2H5OH	99.80%	Clear Liquid	Soluble in Water	78.37	-114.1	0.789	13.6
Methanol	67-56-1	CH3OH	99.50%	Clear Liquid	Soluble in Water	64.7	-97.8	0.791	11
Isopropanol	67-63-0	C3H7OH	99.70%	Clear Liquid	Soluble in Water	82.4	-89.5	0.786	12
1-Propanol	71-23-8	C3H7OH	99.50%	Clear Liquid	Soluble in Water	97.2	-126.7	0.803	16

Source: According to CMI Market Research Team Analysis

The Synthetic Organic Alcohol Market encompasses the production and application of alcohols derived from chemical synthesis rather than natural processes. Key products include methanol, ethanol, isopropanol, and butanol, used across various industries such as pharmaceuticals, chemicals, personal care, and automotive.

The market is driven by the demand for industrial solvents, biofuels, and sustainable chemical solutions. Advances in synthesis technology and increasing regulatory emphasis on eco-friendly practices also impact the market. Growth is influenced by expanding applications, technological innovations, and the shift towards renewable and sustainable alcohol production methods.

Synthetic Organic Alcohol Market – Significant Growth Factors                               

The Synthetic Organic Alcohol Market presents significant growth opportunities due to several factors:

• Increasing Demand for Biofuels: The move towards the use of green energy increases the need for synthetic organic alcohols such as ethanol and methanol which are used in the formulation of biofuels hence increasing the market.

• Growth in Pharmaceutical and Personal Care Sectors: Growth in demand for synthetic alcohols as solvents and as active material in pharmaceuticals, and personal care products.

• Technological Progress: Synthesis technologies and environmentally friendly solutions are getting better, which means production processes are more efficient and synthetic alcohols can be used in more ways, which is good for the market.

• Expansion into Emerging Markets: Market participants should also take advantage of the increasing levels of industrialization as well as growing levels of consumption from the emerging markets.

• Development of Sustainable and Bio-based Alcohols: The global pursuit for environment-friendly and bio-based products and the growing concern of governments across the world with a reduction in usage of traditional hazardous chemicals can be a major opportunity to invest and develop synthetic alcohols.

• Integration with Renewable Energy Systems: The usage of synthetic alcohols like ethanol and methanol as a possible technology addition to renewable energy systems, including fuel cells and green hydrogen presents further growth opportunities. This change of shift will work for promoting sustainable energy projects and increase growth for globally fighting the carbon footprint.

Synthetic Organic Alcohol Market – Key Developments

The Synthetic Organic Alcohol Market has seen several key developments in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Synthetic Organic Alcohol Market include:

• In 2023, BASF and Ningbo Refining and Chemical Co. Ltd. (NZRCC) signed a technology license agreement for producing isononyl alcohol (INA) using BASF’s oxo-technology. NZRCC will build a 200,000-ton per year INA plant at ZRCC’s complex in Zhenhai, China, operational by 2026.

• In 2022, Aemetis signed an agreement with Alaska Airlines to supply 13 million gallons of Sustainable Aviation Fuel (SAF), comprising 40% SAF and 60% Petroleum Jet A. This blended fuel offers lower carbon emissions and reduced contrails, enhancing environmental benefits.

These key developments helped companies expand their offerings, improve their market presence, and capitalize on growth opportunities in the Synthetic Organic Alcohol Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Synthetic Organic Alcohol Market	Zinc Sulfide Multispectral Market	Long Chain Dicarboxylic Acid Market
CAGR 4.8% (Approx)	CAGR 6.1% (Approx)	CAGR 7.2% (Approx)
USD 20,106.7 Million by 2033	USD 762.1 Million by 2033	USD 644.4 Million by 2033

Synthetic Organic Alcohol Market – Significant Threats

The Synthetic Organic Alcohol Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Volatility in Raw Material Prices: Fluctuations in the prices of raw materials, such as natural gas and crude oil, can impact production costs for synthetic organic alcohols, affecting market stability and profitability.

• Stringent Environmental Regulations: Increasingly strict environmental regulations and policies aimed at reducing chemical emissions and promoting sustainability may require costly adjustments in production processes or compliance measures, posing a challenge for market players.

• Competition from Bio-based Alternatives: The rise of bio-based alcohols, produced from renewable sources, poses a threat to traditional synthetic alcohols by offering more sustainable and environmentally friendly options that may attract consumer preference and regulatory favor.

• Economic Downturns: Economic recessions or slowdowns can lead to decreased industrial activity and reduced demand for synthetic organic alcohols, impacting market growth and profitability.

• Supply Chain Disruptions: Global events, such as pandemics or geopolitical tensions, can disrupt supply chains, leading to delays in raw material availability and production, which may affect the timely delivery and cost-effectiveness of synthetic alcohol products.

Category-Wise Insights

By Types of Alcohol

• Methanol: Methanol, as a simple alcohol is more commonly employed as an industrial solvent, an antifreeze agent for aircraft, and as a reactant for chemical industry goods. This role has made it have a market in generating formaldehyde together with bio-diesel. The trend includes increased use of renewable energies such as the applications in the production of energy through the use of methanol, and improvements in catalytic production methods.

• Ethanol: Ethanol is used as a solvent, fuel additive, and in beverages. It is led by the need for bio fuels and the growing demand for personal care products. These trends reveal the rapid progress in the use of bioethanol for fuel purposes, ongoing developments in fermentation techniques and making ethanol a versatile alcohol.

• Isopropanol: Isopropanol is used in disinfection, as a solvent as well in personal products such as hand sanitisers. Its market is thus affected by increased demand for sanitizers, and healthcare among other things. Trends are observed to be growth in cleaning and antiseptic application by increased health consciousness and improved formulation.

• Butanol: Butanol is utilized as a solvent, plasticizer, and in manufacturing butyl acetate. Industrial applications and the creation of plastic products support its market growth. Trends include increased use in chemical synthesis and automotive applications, with advancements focusing on improving production efficiency and expanding applications in various industries.

• Others: The “Others” category includes alcohols like tert-butanol and cyclohexanol. This segment caters to niche applications such as specialty solvents and chemical intermediates. Trends show a rise in demand for specialty chemicals in various industrial processes and research, with innovations enhancing performance and expanding their applications across diverse sectors.

By Application

• Solvents: Ethanol and isopropanol are examples of organic synthetic alcohols which are used as solvents in industrial processes, in paints, coating and adhesives etc. Some of them are higher purity solvents in usage and new innovative strategies towards green chemistry. Consumers are also choosing eco-friendly and low emission solvents due to increased environmental conservation measures currently in place.

• Disinfectants: Ethanol and isopropanol are used as active substances in disinfectants and types of hand washing liquids and gels. The outbreak of COVID-19 increased the sales of these products increases in the public health sector. The trends are shifted towards greater efficacy and sustainability; companies searching to improve the formulations and meet the increased hygiene requirements.

• Antifreeze: Antifreeze formulations also contain synthetic alcohols including ethylene glycol and propylene glycol, which help in reducing the freezing points and thus helping in avoiding damage to the engine. The market is anticipated in the future by the automotive market growth and need for improved high-quality antifreeze. Current trends include coming up with antifreeze which are bio-degradable and contain less toxicity as compared to the currently used ones.

• Fuel Additives: Ethanol and methanol are commonly used as fuel additives to enhance combustion and reduce emissions in automotive fuels. The shift towards cleaner fuels and stricter emissions regulations are driving innovation in fuel additives. Trends include the development of bio-based additives and advancements in blending technologies to improve fuel performance and sustainability.

• Others: Synthetic organic alcohols also find applications in pharmaceuticals, personal care products, and industrial processes. Trends in this segment include increased focus on sustainability and innovation, with companies exploring new applications and formulations. The growing demand for high-quality, specialized products drives research and development in various sectors.

By End Users

• Pharmaceuticals: Pharmaceutical industries in the synthetic organic alcohol market use alcohols such as ethanol and isopropanol used as solvents and as antiseptic agents. Some trends are higher requirements for the purity of alcohol in the drugs and the concern for environmentally friendly approaches for production. This segment has been growing due to development in delivery systems as well as improved research and development of pharmaceutical products.

• Cosmetics: Organic synthetic alcohols are used in Cosmetics as solvents, emulsifying agents as well as preservation agents. They are directions such as the increase in the adoption of alcohols with clean and natural beauty products and innovations in formulation techniques. Another factor that is affecting this segment is the change towards environment friendly and sustainable materials.

• Automotive: In the automotive industry the use of synthetic alcohols is in the production of fuels, solvents, and coatings. Current trends are further expansion of alcohols into bio fuels and new technologies in fuel that are more efficient and less pollutive. The developments embarked on in the automotive industries have created pressure towards sustainability in alcohol-based solutions.

• Others: This category encompasses various industries, including food and beverages, adhesives, and textiles. Trends involve the growing use of synthetic alcohols as preservatives, solvents, and processing aids. Demand for versatile and sustainable chemical solutions is driving growth, with innovations in product applications expanding market opportunities.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 13,185.3 Million
Projected Market Size in 2033	USD 20,106.7 Million
Market Size in 2023	USD 12,581.4 Million
CAGR Growth Rate	4.8% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Types of Alcohols, Applications, End Users and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Synthetic Organic Alcohol Market – Regional Analysis

The Synthetic Organic Alcohol Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: Technological advancement and the need for industrial solvents and bio fuels mainly propel the synthetic organic alcohol market in North America. Trends include the emergence of sustainability and the incorporation of Green Chemistry into daily practices. Additionally, the availability of synthetic alcohols in areas with robust pharmaceutical and automotive industries is a supplement to this.

• Europe: Europe is experiencing a trend towards stringent environmental regulations and sustainability. An emphasis on lowering carbon emissions and promoting eco-friendly products has currently shaped the market. There is a tremendous emphasis put on the production of renewable and bio-based alcohols, which correlates to Europe’s sustainable chemical approach and the circle economy principles.

• Asia-Pacific: In Asia-Pacific, rapid industrialization and urbanization are significant drivers of market growth. Trends include a rising demand for synthetic organic alcohols in pharmaceuticals, cosmetics, and automotive industries, coupled with increased investments in production capacity and technological innovation. Emerging markets in this region are expanding opportunities for synthetic alcohol applications.

• LAMEA (Latin America, Middle East, and Africa): LAMEA is experiencing growth in the synthetic organic alcohol market due to expansion in the industrial sector and infrastructure. Trends include increasing concerns with the localization of supplies and strengthening of the supply chain. Moreover, the increase in the demand for personal care products and bio-fuels in these nations has caused the advancement in the use of synthetic alcohol.

Competitive Landscape – Synthetic Organic Alcohol Market

The Synthetic Organic Alcohol Market is highly competitive, with a large number of manufacturers and suppliers globally. Some of the key players in the market include:

• BASF SE
• Sasol Limited
• The Dow Chemical Company
• Eastman Chemical Company
• LyondellBasell Industries N.V.
• ExxonMobil Chemical Company
• Celanese Corporation
• INEOS Group Holdings S.A.
• Mitsubishi Chemical Corporation
• Shell Chemicals Limited
• Chevron Phillips Chemical Company LLC
• SABIC (Saudi Basic Industries Corporation)
• LG Chem Ltd.
• Clariant AG
• DuPont de Nemours Inc.
• Others

The above companies operate in the market through various strategies such as innovation, mergers and acquisitions, and partnerships.

Emerging companies like Green Biologics Ltd. and Aemetis, Inc. are leveraging innovation by focusing on sustainable and bio-based synthetic alcohols. They are investing in advanced fermentation technology and renewable feedstocks to differentiate themselves in the market.

Big market players such as BASF SE and Dow Chemical Company dominate by investing in cutting-edge synthesis technologies and expanding production capacities. Their strong R&D capabilities and strategic partnerships enhance their market presence, allowing them to meet diverse industrial demands and adhere to evolving regulatory standards.

The Synthetic Organic Alcohol Market is segmented as follows:

By Types of Alcohols

• Methanol
• Ethanol
• Isopropanol
• Butanol
• Others

By Application

• Solvents
• Disinfectants
• Antifreeze
• Fuel Additives
• Others

By End Users

• Pharmaceuticals
• Cosmetics
• Automotive
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America