Alcohols Market

Alcohols market: get access to new datasets enhanced by an Ai-driven BI tool. Data cover exports, trade, companies, imports, consumption, market prices, market size, and production. Here is a split by region, including the Middle East, Russia, China, EU, Africa, Latin America, the U.K., and the U.S. Market trends and outlook to 2030 are also provided in the snapshots.


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Alcohols - World's Largest Markets

RatingCountry
1China
2United States
3India
4Germany
5Indonesia

In value terms, the largest alcohols markets worldwide were China, the United States and India, together accounting for 47% of the global market.

India saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while alcohols market for the other global leaders experienced more modest paces of growth.

Alcohols Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Trinidad and Tobago375273212-24.8%
Oman462270222-30.7%
United Arab Emirates420301252-22.5%
Iran410294262-20.1%
Russia397344275-16.8%
Saudi Arabia476448402-8.1%
Canada688549405-23.3%
Malaysia594467411-16.8%
Netherlands744610533-15.4%
Taiwan (Chinese)988711609-21.5%
United States733674668-4.5%
Singapore11388531007-5.9%
Germany151414031205-10.8%
Average692564502-14.8%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($1,205 per ton), while Trinidad and Tobago ($212 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Germany806672627-11.8%
Turkey715647593-8.9%
United States629879527-8.5%
Belgium748779513-17.2%
Japan637528500-11.4%
India686514499-14.7%
Indonesia824552474-24.2%
South Korea694541468-17.9%
Netherlands693567443-20.0%
Taiwan (Chinese)613494440-15.3%
Thailand690517431-21.0%
China808493429-27.1%
Brazil533470427-10.5%
Average759584516-17.6%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($627 per ton) and Turkey ($593 per ton), while Brazil ($427 per ton) and China ($429 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the import price figures.

Alcohols - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China13119.6-14.2%
United States2.91.51.9-20.1%
India1.91.91.6-8.5%
South Korea21.51.3-17.6%
Germany1.81.51.3-15.0%

In value terms, China ($9.6B) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives worldwide, comprising 32% of global imports. The second position in the ranking was occupied by the United States ($1.9B), with a 6.1% share of global imports. It was followed by India, with a 5.4% share.

From 2018 to 2020, the average annual rate of growth in terms of value in China stood at -14.2%. In the other countries, the average annual rates were as follows: the United States (-20.1% per year) and India (-8.5% per year).

Alcohols - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Saudi Arabia3.53.94.311.0%
United States2.9332.4%
Germany3.22.71.8-24.9%
Netherlands2.621.6-22.1%
Singapore1.91.31.3-19.0%

In value terms, the largest alcohols supplying countries worldwide were Saudi Arabia ($4.3B), the United States ($3B) and Germany ($1.8B), with a combined 34% share of global exports. The Netherlands, Singapore, Taiwan (Chinese), Trinidad and Tobago, Malaysia, Iran, Oman, Canada, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further 34%.

In terms of the main exporting countries, Oman recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Alcohols - Market Forecast

Driven by rising demand for alcohols worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Alcohols - Top Companies

BASF SE, PETRONIKA, PT, SAUDI BASIC INDUSTRIES CORPORATION (SABIC), BASF Corporation, Braskem S/A, Umicore SA, SHIN-ETSU CHEMICAL CO., LTD., MITSUI CHEMICALS,INC., FORMOSA CHEMICALS & FIBRE CORP., TOSOH CORPORATION, B.A.S.F. Antwerpen N.V. NV, SHOWA DENKO K.K., UBE INDUSTRIES, LTD., MITSUBISHI GAS CHEMICAL COMPANY,INC., Lonza AG, North Huajin Chemical Industries Co., Ltd., Union Carbide Corporation, Wacker Chemical Corporation, EQUATE PETROCHEMICAL COMPANY K.S.C.C., VWR Corporation

Alcohols - Product Coverage

  • HS 290511 - Alcohols; saturated monohydric, methanol (methyl alcohol)
  • HS 290512 - Alcohols; saturated monohydric, propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol)
  • HS 290513 - Alcohols; saturated monohydric, butan-1-ol (n-butyl alcohol)
  • HS 290514 - Alcohols; saturated monohydric, butanols excluding item no. 2905.13
  • HS 290516 - Alcohols; saturated monohydric, octanol (octyl alcohol) and isomers thereof
  • HS 290517 - Alcohols; saturated monohydric, dodecan-1-ol (lauryl alcohol), hexadecan-1-ol (cetyl alcohol) and octadecan-1-ol (stearyl alcohol)
  • HS 290519 - Alcohols; saturated monohydric, n.e.s. in item no. 2905.1
  • HS 290522 - Alcohols; unsaturated monohydric, acyclic terpene alcohols
  • HS 290529 - Alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2
  • HS 290531 - Alcohols; acyclic, diols; ethylene glycol (ethanediol)
  • HS 290532 - Alcohols; acyclic, diols; propylene glycol (propane-1, 2-diol)
  • HS 290539 - Alcohols; acyclic, diols, other than ethylene glycol (ethandiol) or propylene glycol (propane-1,2-diol)
  • HS 290541 - Alcohols; polyhydric, 2-ethyl-2- (hydroxymethyl) propane-1,3-diol (trimethylolpropane)
  • HS 290542 - Alcohols; polyhydric, pentaerythritol
  • HS 290543 - Alcohols; polyhydric, mannitol
  • HS 290545 - Alcohols; polyhydric, glycerol
  • HS 290551 - Alcohols; acyclic; halogenated, sulphonated, nitrated or nitrosated derivatives thereof, ethchlorvynol (INN)
  • HS 290559 - Alcohols; acyclic; halogenated, sulphonated, nitrated or nitrosated derivatives thereof, other than ethchlorvynol (INN)
  • HS 290611 - Alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol
  • HS 290612 - Alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, cyclohexanol, methylcyclohexanols and dimethylcyclohexanols
  • HS 290613 - Alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, sterols and inositols
  • HS 290619 - Alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, n.e.s. in item no. 2906.1
  • HS 290621 - Alcohols; aromatic alcohols and derivatives, benzyl alcohol
  • HS 290629 - Alcohols; aromatic and derivatives, other than benzyl alcohol
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World - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global alcohols market.

South-Eastern Asia - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in South-Eastern Asia.

Central Asia - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in Central Asia.

Latin America and the Caribbean - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in Latin America and the Caribbean.

Eastern Asia - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in Eastern Asia.

Middle East - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in the Middle East.

Africa - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in Africa.

Southern Asia - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in Southern Asia.

Australia and Oceania - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in Australia and Oceania.

Northern America - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the alcohols market in Northern America.

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