Fusel Oil Market Size, Share, Growth and Industry Analysis by Type (By-Products of Ethanol Production and By-products of Butadiene Production) By Application (Solvent, Liquid Fuel, Fragrances and Flavors Industries, and Others) Regional Forecast From 2024 To 2031

Updated On: 01 April 2024

FUSEL OIL MARKET REPORT OVERVIEW

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The global fusel oil market size is anticipated to be worth USD 138.85 million in 2021. As per our research, the market is projected to touch USD 225.79 million by 2031 with a CAGR of 4.98% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the fusel oil experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Fusel oil is a blend of flammable, oily liquids that are created in trace amounts during the fermentation of alcohol. Amyl alcohol (q.v.), which makes up 60–70% of a typical fusel oil, is also present in trace amounts in isobutyl and n-propyl alcohols. Prior to the 1920s, the sole commercial source of these substances, which are essential components of lacquer solvents, was fusel oil. Since then, however, synthetic amyl alcohols have been produced on a large scale. According to reports, fermentation of amino acids results in the production of fusel oil alcohols. Fusel oil and ethyl alcohol are recovered from the fermented liquors in industrial alcohol facilities and separated by distillation. Fusel oil is typically permitted to stay in the finished products in the beverage industry.

COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth

The eruption of COVID-19 has acted as a substantial restraint on some markets in 2020, as businesses have been disrupted due to global government lockdowns. COVID-19 is a contagious disease that causes flu-like symptoms such as fever, coughing, and difficulty breathing. National governments' efforts to limit transfer have led to a decrease in business growth and confined trade in goods and services, with nations entering a 'lock down' state. Businesses suffered as a result of the outbreak in 2020 and 2021. The fusel oil market growth is expected to rebound from the shock over the forecast period.

Latest Trends

"Increasing Production of Biofuels to Intensify Market Magnification"

The biofuels business has expanded quickly, particularly the fuel ethanol industry. By-product utilization has become more popular in an effort to improve the effectiveness and profitability of processes. A by-product of ethanol production is fusel oil. It is mostly made up of isoamyl alcohol, a crucial raw ingredient for producing a variety of goods with a large chemical market. Aspen Plus was used in this study to mimic a separation process to produce high purity isoamyl alcohol from fusel oil. Results in terms of purity and recovery are satisfactory.

FUSEL OIL MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into glass bottle, plastic bottlealuminum bottle

Glass bottle are the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into food, cosmetic, medicine

Food is the leading part of the application segment

Driving Factors

"Major Benefits in Fragrance Industry to Boost Market Share"

It is a typical raw material in the fragrance business to manufacture aromas in soap, detergent, and fragrance. It is classified as an ester and makes up a sizeable component of fusel oil, along with chamomile oil and other oils. The scents of strawberry and raspberry also contain it. It's indeed four times more toxic than pure ethanol and is a narcotic.

"Increasing Demand from Cosmetic Industry to Expand Market Forwarding "

The fusel oil market is driven by the rising demand for cosmetic products with enticing aromas, particularly among millennials. Additionally, the market has a chance to expand in the future due to the rising usage of cosmetic items around the world.

Restraining Factors

"Addiction Problems to Deplete Market Advancement "

When fusel oil was utilized, less knocking and nitrogen oxides (NOx) were seen. On the other side, the increasing water pressure had an adverse impact on the engine's performance.

FUSEL OIL MARKET REGIONAL INSIGHTS

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"Technological Advancements to Foster Growth in North America"

North America is anticipated to have the largest fusel oil market share. Because to its advanced production technology and quick economic growth. Additionally, the majority of the market share is held by Asia Pacific and Latin America, particularly by China and Brazil.

Europe will experience a consistent market expansion due to the increased emphasis on research activities and the availability of advanced industrial technology.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Qianxi Coal Chemical Investment Co. Ltd. (China)
• Thai Agro Energy Public Company Limited (Thailand)
• Green plains (U.S.)
• Incauca S.A.S.
• COFCP Biotechnology Co Ltd (China)
• Shaanxi Yanchang Petroleum Yushen Energy & Chemical Co. Ltd. (China)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact.