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The major restraint that affects the demand of the industrial ethanol market is the rise in the adverse environmental impact of ethanol production and the large-scale water requirement for the production of ethanol. Further, the use of industrial ethanol in personal care products results in dry skin and hair loss also restraints the respective market’s growth. The major opportunities for the industrial ethanol market are the growth in the renovation construction industry around the globe and the advents associated with greener ethyl alcohol sources. The increase in the use of ethanol as marine fuel also promotes market growth. Some of the significant drivers related to the respective market are the increase in demand for industrial ethanol production as an octane enhancer and the use of ethanol as fuel in automobiles and vehicles. The increased usage of industrial ethanol in hand sanitizers and antibacterial products in the pandemic scenario is also expected to drive the industrial ethanol market.