Market Forecast By Purity (Denatured, Non-Denatured), By Sources (Sugar & Molasses Based, Grained Based, Second Generation) By Application (Industrial Solvent, Fuel & Fuel Additives, Beverages, Disinfectant, Personal Care, Others) And Competitive Landscape
|Product Code: ETC003104||Publication Date: Jul 2020||Updated Date: Aug 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
Indonesia Ethanol Market registered a growth of 80.01% in value shipments in 2021 as compared to 2020 and an increase of 31.6% CAGR in 2021 over a period of 2017. In Ethanol Market Indonesia is becoming less competitive as HHI index in 2021 was 7773 while in 2017 it was 3153. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Indonesia has reportedly relied more on domestic production to meet its growing demand in Ethanol Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Ethanol Market in 2021 was 0.61 while in 2017 it was 0.13. Pakistan, Vietnam, Germany, Singapore and Malaysia were among the top players of the market in 2021, where Pakistan acquired the largest market share of 87.65% with a shipment value of 36.41 million USD in 2022 Pakistan also offered the product below the average market price thus having a competitive advantage over others In 2017 Germany had the largest market share of 45.01% with the shipment value of 2.63 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Germany price is lower than the average price, it provided a significant edge among other competitor in 2017.
In the year 2021, Pakistan was the largest exporter in terms of value, followed by Viet Nam. It has registered a growth of 88.41% over the previous year. While Viet Nam registered a growth of 43.95% as compared to the previous year. In the year 2017 Viet Nam was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Indonesia has a Herfindahl index of 2862 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 7773 which signifies high concentration in the market.
The Indonesia 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.
Indonesia Ethanol Market has been experiencing considerable growth in the country underpinned by the rising government initiative to promote the use of biofuels to reduce carbon footprints. Additionally, the rising export practices of ethanol lead to increased production of ethanol capacity to cater to both domestic and international companies is likely to leave a positive impact on the market expansion. Furthermore, sugarcane-based ethanol is being used widely compared to corn-based ethanol owing to its huge yield per acre and has proven more sustainable this is estimated to widen the landscape of the Indonesia Ethanol industry in the country. Additionally, rising technological advancements in ethanol production help achieve efficiency and effectiveness during the production process in a cost-effective manner this is estimated to proliferate the Indonesia Ethanol Market growth in the country in the coming years.
Indonesia Ethanol Market is expected to register growth in the forecast period as the Indonesian government removed the ban on ethanol. The increasing demand with expanded ethanol usage in various sectors, the increasing popularity of premium quality alcoholic beverages, growing demand for blended ethanol at gasoline stations coupled with reducing oil dependency, increasing disposable income, and reducing greenhouse gas emission along with changing life are the major aspects boosting the demand for the ethanol market in Indonesia.
According to 6wresearch, Indonesia Ethanol Market size is expected to grow during 2020-2026 backed by the rising chronic illness coupled with a rise in the growth of a number of middle-class families, which is leading to indicate easy access to the healthcare sector along with rising demand for medicines and drugs intake is estimated to leave a positive impact over the product demand and would contribute a major growth of the Indonesia ethanol market in the forthcoming years. In Indonesia, 95% of raw material for medicine has been imported, but the ethanol chemical demand remains at a fragmented stage owing to the emerging healthcare sector in the country. Further, these factors act as a catalyst for the growth of Indonesia ethanol market in the coming timeframe.
The outburst of COVID-19 on the Indonesia Ethanol Market which is a part of the Asia Pacific ethanol market. During the pandemic phase, the demand for ethanol was still there, nevertheless, the strict restrictions like, the disruption in the raw material supply had caused a slowdown in ethanol production, which resulted in the unavailability of ethanol-based products. Hence, the overall market growth declined at times of COVID-19 prevalence.
Major Key players in the country leave a positive impact by investing in the research and development practice to attain cost-effective yet high ethanol productivity. Some of the prominent players are included:
According to Nitesh Kumar, Research Manager, 6Wresearch, both segments is gaining traction and dominating Indonesia Ethanol Market share. The denatured ethanol demand is driven by high use in some essential products like, in pharm products & for chemicals production and the rising demand for renewable fuels, whereas, non-denatured ethanol demand is also experiencing massive growth in the market, followed by a rise in the use in beverage production and personal care products.
Based on the source, the grain-based segment is expected to lead the ethanol market share in Indonesia owing to the allowance of United States ethanol to enter the Indonesian market, growing advanced technology, easy availability of corn, and increasing farm production efficiency. In terms of purity, the denatured segment is anticipated to hold the ethanol market revenue share in Indonesia on account of the increasing demand for denatured alcohol in various industrial uses and growing awareness regarding indoor hygiene along with the harmful effects of synthetic ingredients.
The Indonesia Ethanol Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1 Report Description|
|2.2 Key Highlights|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3. Indonesia Ethanol Market Overview|
|3.1 Indonesia Ethanol Market Revenues and Volume, 2016-2026F|
|3.2 Indonesia Ethanol Market Revenue Share, By Purity, 2019 & 2026F|
|3.3 Indonesia Ethanol Market Revenue Share, By Source, 2019 & 2026F|
|3.4 Indonesia Ethanol Market Revenue Share, By Application, 2019 & 2026F|
|3.5 Indonesia Ethanol Market - Industry Life Cycle|
|3.6 Indonesia Ethanol Market - Porter’s Five Forces|
|4. Indonesia Ethanol Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. Indonesia Ethanol Market Trends|
|6. Indonesia Ethanol Market Overview, by Source|
|6.1 Indonesia Sugar & Molasses Based Ethanol Market Revenues and Volume, 2016-2026F|
|6.2 Indonesia Grained Based Ethanol Market Revenues and Volume, 2016-2026F|
|6.3 Indonesia Second Generation Ethanol Market Revenues and Volume, 2016-2026F|
|7. Indonesia Ethanol Market Overview, by Purity|
|7.1 Indonesia Ethanol Market Revenue and Volumes, By Denatured, 2016-2026F|
|7.2 Indonesia Ethanol Market Revenue and Volumes, By Non-Denatured, 2016-2026F|
|8. Indonesia Ethanol Market Overview, by Application|
|8.1 Indonesia Ethanol Market Revenue and Volumes, By Industrial Solvent, 2016-2026F|
|8.2 Indonesia Ethanol Market Revenue and Volumes, By Fuel & Fuel Additives, 2016-2026F|
|8.3 Indonesia Ethanol Market Revenue and Volumes, By Beverages, 2016-2026F|
|8.4 Indonesia Ethanol Market Revenue and Volumes, By Disinfectant, 2016-2026F|
|8.5 Indonesia Ethanol Market Revenue and Volumes, By Personal Care, 2016-2026F|
|8.6 Indonesia Ethanol Market Revenue and Volumes, By Others, 2016-2026F|
|9. Indonesia Ethanol Market Key Performance Indicators|
|10. Indonesia Ethanol Market Opportunity Assessment|
|10.1 Indonesia Ethanol Market Opportunity Assessment, By Purity, 2026F|
|10.2 Indonesia Ethanol Market Opportunity Assessment, By Source, 2026F|
|10.3 Indonesia Ethanol Market Opportunity Assessment, By Application, 2026F|
|11. Indonesia Ethanol Market Competitive Landscape|
|11.1 Indonesia Ethanol Market By Companies, 2019|
|11.2 Indonesia Ethanol Market Competitive Benchmarking, By Operating Parameters|
|12. Company Profiles|
|13. Key Strategic Recommendations|