Report Code: CMI56703

Published Date: September 2024

Pages: 320+

Category: Chemicals And Materials

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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Synthetic Organic Alcohol Market, (2024 – 2033) (USD Million)
    • 2.2 Global Synthetic Organic Alcohol Market: snapshot
  • Chapter 3. Global Synthetic Organic Alcohol Market – Industry Analysis
    • 3.1 Synthetic Organic Alcohol Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Demand for Biofuels
      • 3.2.2 Growth in Pharmaceutical and Personal Care Sectors
      • 3.2.3 Technological Advancements
      • 3.2.4 Expansion into Emerging Markets
      • 3.2.5 Development of Sustainable and Bio-based Alcohols
      • 3.2.6 Integration with Renewable Energy Systems.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Types of Alcohols
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End Users
  • Chapter 4. Global Synthetic Organic Alcohol Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Synthetic Organic Alcohol Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Synthetic Organic Alcohol Market – Types of Alcohols Analysis
    • 5.1 Global Synthetic Organic Alcohol Market Overview: By Types of Alcohols
      • 5.1.1 Global Synthetic Organic Alcohol Market Share, By Types of Alcohols, 2023 and 2033
    • 5.2 Methanol
      • 5.2.1 Global Synthetic Organic Alcohol Market by Methanol, 2024 – 2033 (USD Million)
    • 5.3 Ethanol
      • 5.3.1 Global Synthetic Organic Alcohol Market by Ethanol, 2024 – 2033 (USD Million)
    • 5.4 Isopropanol
      • 5.4.1 Global Synthetic Organic Alcohol Market by Isopropanol, 2024 – 2033 (USD Million)
    • 5.5 Butanol
      • 5.5.1 Global Synthetic Organic Alcohol Market by Butanol, 2024 – 2033 (USD Million)
    • 5.6 Others
      • 5.6.1 Global Synthetic Organic Alcohol Market by Others, 2024 – 2033 (USD Million)
  • Chapter 6. Global Synthetic Organic Alcohol Market – Application Analysis
    • 6.1 Global Synthetic Organic Alcohol Market Overview: By Application
      • 6.1.1 Global Synthetic Organic Alcohol Market Share, By Application, 2023 and 2033
    • 6.2 Solvents
      • 6.2.1 Global Synthetic Organic Alcohol Market by Solvents, 2024 – 2033 (USD Million)
    • 6.3 Disinfectants
      • 6.3.1 Global Synthetic Organic Alcohol Market by Disinfectants, 2024 – 2033 (USD Million)
    • 6.4 Antifreeze
      • 6.4.1 Global Synthetic Organic Alcohol Market by Antifreeze, 2024 – 2033 (USD Million)
    • 6.5 Fuel Additives
      • 6.5.1 Global Synthetic Organic Alcohol Market by Fuel Additives, 2024 – 2033 (USD Million)
    • 6.6 Others
      • 6.6.1 Global Synthetic Organic Alcohol Market by Others, 2024 – 2033 (USD Million)
  • Chapter 7. Global Synthetic Organic Alcohol Market – End Users Analysis
    • 7.1 Global Synthetic Organic Alcohol Market Overview: By End Users
      • 7.1.1 Global Synthetic Organic Alcohol Market Share, By End Users, 2023 and 2033
    • 7.2 Pharmaceuticals
      • 7.2.1 Global Synthetic Organic Alcohol Market by Pharmaceuticals, 2024 – 2033 (USD Million)
    • 7.3 Cosmetics
      • 7.3.1 Global Synthetic Organic Alcohol Market by Cosmetics, 2024 – 2033 (USD Million)
    • 7.4 Automotive
      • 7.4.1 Global Synthetic Organic Alcohol Market by Automotive, 2024 – 2033 (USD Million)
    • 7.5 Others
      • 7.5.1 Global Synthetic Organic Alcohol Market by Others, 2024 – 2033 (USD Million)
  • Chapter 8. Synthetic Organic Alcohol Market – Regional Analysis
    • 8.1 Global Synthetic Organic Alcohol Market Regional Overview
    • 8.2 Global Synthetic Organic Alcohol Market Share, by Region, 2023 & 2033 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Synthetic Organic Alcohol Market, 2024 – 2033 (USD Million)
        • 8.3.1.1 North America Synthetic Organic Alcohol Market, by Country, 2024 – 2033 (USD Million)
    • 8.4 North America Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033
      • 8.4.1 North America Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033 (USD Million)
    • 8.5 North America Synthetic Organic Alcohol Market, by Application, 2024 – 2033
      • 8.5.1 North America Synthetic Organic Alcohol Market, by Application, 2024 – 2033 (USD Million)
    • 8.6 North America Synthetic Organic Alcohol Market, by End Users, 2024 – 2033
      • 8.6.1 North America Synthetic Organic Alcohol Market, by End Users, 2024 – 2033 (USD Million)
    • 8.7. Europe
      • 8.7.1 Europe Synthetic Organic Alcohol Market, 2024 – 2033 (USD Million)
        • 8.7.1.1 Europe Synthetic Organic Alcohol Market, by Country, 2024 – 2033 (USD Million)
    • 8.8 Europe Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033
      • 8.8.1 Europe Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033 (USD Million)
    • 8.9 Europe Synthetic Organic Alcohol Market, by Application, 2024 – 2033
      • 8.9.1 Europe Synthetic Organic Alcohol Market, by Application, 2024 – 2033 (USD Million)
    • 8.10 Europe Synthetic Organic Alcohol Market, by End Users, 2024 – 2033
      • 8.10.1 Europe Synthetic Organic Alcohol Market, by End Users, 2024 – 2033 (USD Million)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Synthetic Organic Alcohol Market, 2024 – 2033 (USD Million)
        • 8.11.1.1 Asia Pacific Synthetic Organic Alcohol Market, by Country, 2024 – 2033 (USD Million)
    • 8.12 Asia Pacific Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033
      • 8.12.1 Asia Pacific Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033 (USD Million)
    • 8.13 Asia Pacific Synthetic Organic Alcohol Market, by Application, 2024 – 2033
      • 8.13.1 Asia Pacific Synthetic Organic Alcohol Market, by Application, 2024 – 2033 (USD Million)
    • 8.14 Asia Pacific Synthetic Organic Alcohol Market, by End Users, 2024 – 2033
      • 8.14.1 Asia Pacific Synthetic Organic Alcohol Market, by End Users, 2024 – 2033 (USD Million)
    • 8.15. Latin America
      • 8.15.1 Latin America Synthetic Organic Alcohol Market, 2024 – 2033 (USD Million)
        • 8.15.1.1 Latin America Synthetic Organic Alcohol Market, by Country, 2024 – 2033 (USD Million)
    • 8.16 Latin America Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033
      • 8.16.1 Latin America Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033 (USD Million)
    • 8.17 Latin America Synthetic Organic Alcohol Market, by Application, 2024 – 2033
      • 8.17.1 Latin America Synthetic Organic Alcohol Market, by Application, 2024 – 2033 (USD Million)
    • 8.18 Latin America Synthetic Organic Alcohol Market, by End Users, 2024 – 2033
      • 8.18.1 Latin America Synthetic Organic Alcohol Market, by End Users, 2024 – 2033 (USD Million)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Synthetic Organic Alcohol Market, 2024 – 2033 (USD Million)
        • 8.19.1.1 The Middle-East and Africa Synthetic Organic Alcohol Market, by Country, 2024 – 2033 (USD Million)
    • 8.20 The Middle-East and Africa Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Synthetic Organic Alcohol Market, by Types of Alcohols, 2024 – 2033 (USD Million)
    • 8.21 The Middle-East and Africa Synthetic Organic Alcohol Market, by Application, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Synthetic Organic Alcohol Market, by Application, 2024 – 2033 (USD Million)
    • 8.22 The Middle-East and Africa Synthetic Organic Alcohol Market, by End Users, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Synthetic Organic Alcohol Market, by End Users, 2024 – 2033 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 BASF SE
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Sasol Limited
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 The Dow Chemical Company
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Eastman Chemical Company
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 LyondellBasell Industries N.V.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 ExxonMobil Chemical Company
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Celanese Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 INEOS Group Holdings S.A.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Mitsubishi Chemical Corporation
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Shell Chemicals Limited
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Chevron Phillips Chemical Company LLC
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 SABIC (Saudi Basic Industries Corporation)
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 LG Chem Ltd.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Clariant AG
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 DuPont de Nemours Inc.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • 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

FAQs

The key factors driving the Market are Increasing Demand for Biofuels, Growth in Pharmaceutical and Personal Care Sectors, Technological Advancements, Expansion into Emerging Markets, Development of Sustainable and Bio-based Alcohols, Integration with Renewable Energy Systems.

The “Solvents” had the largest share in the global market for Synthetic Organic Alcohol.

The “Methanol” category dominated the market in 2023.

The key players in the market are 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.

“North America” had the largest share in the Synthetic Organic Alcohol Market.

The global market is projected to grow at a CAGR of 4.8% during the forecast period, 2024-2033.

The Synthetic Organic Alcohol Market size was valued at USD 13,185.3 Million in 2024.

PURCHASE OPTIONS

$

3990


$

4990


$

5990


$

2290


$

2390

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • Report in your Language.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Report in your Language.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • In-Depth Company Profiles.
  • SWOT Analysis.
  • Identify your Competitors.
  • Recent Development Analysis.
  • Competitor Pricing Strategies.
  • Competitor Marketing Strategies.
  • Competitor Positioning and Messaging.
  • Competitor Product’s Strengths.
  • Free 20% or 10 Hours of Customisation.
  • 15% Discount on your Next Purchase.
  • Upgradable to other licenses.
  • PDF Format.
  • Permission to Print the Report.

Want to customize this report?
100% FREE CUSTOMIZATION!