Bangladesh Ethanol Market (2020-2026) | Trends, Value, Size, Revenue, Share, Forecast, Analysis, Outlook, Industry, Segmentation & COVID-19 IMPACT

Topics Covered in the Bangladesh Ethanol Market

Bangladesh Ethanol Market report thoroughly covers the market by purity, by sources, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Bangladesh Ethanol Market

Bangladesh Ethanol Market has been witnessing tremendous growth in the country with some ongoing developments like, rising investment in the advancement of ethanol production and consumer becoming aware of environmental impact, hence using ethanol-blended fuel. Moreover, increasing government initiatives at promoting the use of renewable fuel source that drives ethanol demand to blend it with gasoline is estimated to leave a positive impact on the Bangladesh Ethanol Market growth in the country. Also, the rising demand for ethanol and ethanol-made products, including paints, disinfectants, cleaning agents, and many more is projected to burgeon the market shares. Additionally, Countries are willing to reduce their reliance on fossil fuel imports coupled with a rising switch towards using sustainable energy sources leading to increasing domestic ethanol production by using feedstock this is one of the drivers surging the Bangladesh Ethanol Market which is a part of the Asia Pacific ethanol market.

Bangladesh Ethanol Market Synopsis

Bangladesh Ethanol Market is anticipated to register growth in the forecast period due to the growing demand for ethanol as a biofuel. The key aspects increasing the demand for the ethanol market in Bangladesh are the growing consumption of premium quality alcoholic beverages along with changing lifestyles and increasing disposable income. Moreover, the growing government policies towards the increasing usage of ethanol and reducing the use of conventional fuel oil and carbon emission would further fuel the demand for the ethanol market in Bangladesh.

According to 6wresearch, the Bangladesh Ethanol Market size is expected to grow during 2020-2026. The potential growth of the transportation sector. Additionally, the Bangladesh ethanol market was at a nascent stage due to the high use of conventional energy such as petroleum-based fuel which is leading to more gas emissions and causing environmental degradation. However, Rising government concern towards environmental degradation is stimulating the population to use bioethanol as natural fuel which tends to reduce carbon dioxide emission resulting in a less environmental effect which is expected to leave a positive impact on the market and would spur the growth of Bangladesh ethanol market in the coming years.

COVID-19 Impact on the Bangladesh Ethanol Market

The outburst of COVID-19 had left an adverse impact on the Bangladesh Ethanol market. During the pandemic time, many ethanol industries reduced their ethanol production capacity due to the unavailability of ethanol raw materials owing to strict travel restrictions. These resulted in a massive decline in the market growth and further resulted in a drop in the Bangladesh Ethanol Market share temporarily. In addition to this, low vehicle movement at times of the pandemic resulted in less gasoline use, which further led to reducing the ethanol demand.

Key Players in the Bangladesh Ethanol Market

Some are the key players in the country have gained popularity by offering premium-quality ethanol. These players are mentioned below in the list:

• M. A. Jabbar & Co Ltd is a leading player in the country that produces high-quality ethanol from molasses and sugarcane.
• Bashundhara Group has a strong existence in the market, offering a range of chemicals including, ethanol.
• City Oil Refinery Ltd. is a well-known company, that supplies high-quality industrial-grade ethanol to both domestic and international markets.

The above are several companies that have been investing to improve production efficiency while reducing costs.

Market Analysis by Purity

According to Shivankar, Research Manager, 6Wresearch, both purity segments are being used across various sectors, however, denatured ethanol is currently witnessing tremendous growth, influenced by the rising shift towards biofuel, reducing dependency on fossil fuel import.

Market Analysis by Source

Based on the source, sugar & molasses are expected to lead the ethanol market in Bangladesh due to the increasing production of sugarcane and sugar mills have become one of the primary ways to produce ethanol along with the rising adoption of molasses-based production. In terms of application, the fuel & fuel additives segment is expected to dominate the ethanol market revenue share in Bangladesh on account of its easy-to-use benefit along with better fuel efficiency, and affordability, helps to clean engines, and aims at reducing air pollution.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Reports: 

• Bangladesh Ethanol Market Overview
• Bangladesh Ethanol Market Outlook
• Bangladesh Ethanol Market Forecast
• Historical Data of Bangladesh Ethanol Market Revenues and Volumes, for the Period 2016-2026.
• Market Size & Forecast of Bangladesh Ethanol Market Revenues and Volumes, until 2026.
• Historical Data of Bangladesh Ethanol Market Revenues and Volumes, by purity, for the Period 2016-2026.
• Market Size & Forecast of Bangladesh Ethanol Market Revenues and Volumes, by purity, until 2026.
• Historical Data of Bangladesh Ethanol Market Revenues and Volumes, by Source, for the Period 2016-2026.
• Market Size & Forecast of Bangladesh Ethanol Market Revenues and Volumes, by source, until 2026.
• Historical Data of Bangladesh Ethanol Market Revenues and Volumes, by application, for the Period 2016-2026.
• Market Size & Forecast of Bangladesh Ethanol Market Revenues and Volumes, by application, until 2026.
• Market Drivers and Restraints
• Bangladesh Ethanol Market Price Trends
• Bangladesh Ethanol Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Bangladesh Ethanol Market Share, By Players
• Bangladesh Ethanol Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Bangladesh Ethanol Market report provides a detailed analysis of the following market segments:

By Purity

• Denatured
• Non-Denatured

By Source

• Sugar & molasses Based
• Second Generation
• Grain Based

By Application

• Fuel & Fuel Additives
• Disinfectant
• Industrial Solvents
• Personal Care
• Beverages
• Others

Bangladesh Ethanol Market: FAQs