Are there any differences between incendiary grenades and molotovs?

The main differences seem to be that -

• the molotov is $200 cheaper than the Incendiary Grenade
• the incendiary has a faster deployment time
• the incendiary can be thrown further

Information from here and here.

The incendiary grenade is exclusive to the Counter-Terrorist side, and the Molotov is exclusive to the Terrorist side. They both do the same to balance each side so no side is too over-powered compared to the other.

But I did notice the incendiary grenade has the ability to bounce off something before exploding unlike the molotov, which explodes on impact.