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: ETC003117||Publication Date: Feb 2023||Updated Date: Dec 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
Philippines Ethanol Market registered a decline of -2.8% in value shipments in 2022 as compared to 2021 and an increase of 7.95% CAGR in 2022 over a period of 2017. In Ethanol Market Philippines is becoming more competitive as the HHI index in 2022 was 2409 while in 2017 it was 2818. 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.
Philippines has reportedly relied more on imports to meet its growing demand in Ethanol Market. Philippines is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Ethanol Market in 2022 was 20.13 while in 2017 it was 52.39. Indonesia, Australia, Pakistan, Brazil and USA were among the top players of the market in 2022, where Indonesia acquired the largest market share of 37.25% with a shipment value of 71.63 million USD in 2022 Indonesia also offered the product below the average market price thus having a competitive advantage over others In 2017 Indonesia had the largest market share of 36.62% with the shipment value of 45.77 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 Indonesia price is lower than the average price, it provided a significant edge among other competitor in 2017.
In the year 2021, Indonesia was the largest exporter in terms of value, followed by Australia. It has registered a growth of 99.01% over the previous year. While Australia registered a growth of 40.17% as compare to the previous year. In the year 2017 Indonesia was the largest exporter followed by Pakistan. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Philippines has the Herfindahl index of 2818 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 2461 which signifies moderately concentrated in the market.
Philippines Ethanol Market has been making significant strides in recent years. The market has accomplished some of the latest developments and projects over the years. For instance, the Philippine ethanol industry has been expanding its production capacity in recent years which is expected to pull off the rising demand for biofuels in the country. In addition to that, the Philippines is aiming to shift to E20 fuel. The Department of Energy (DOE) has been promoting the use of E20 to reduce the country's dependence on imported oil and lower greenhouse gas emissions. Moreover, the Philippines has been working with Brazil to develop its ethanol market. Apart from this, the government is encouraging investment in ethanol production plants which turn out to be the major development of the industry.
The Philippine government has implemented an ethanol blending program, which requires all gasoline sold in the country to contain a certain percentage of ethanol. Overall, the Philippines Ethanol Industry is showing positive signs of growth and development, with increased production capacity, investment in new ethanol plants, and a shift towards E20 fuel. Furthermore, these developments are anticipated to boost the growth of this country and reduce its dependence on imported oil.
The Philippines Ethanol Market is anticipated to witness growth during the forecast period due to the growing production and consumption of premium quality alcoholic beverages and increasing usage of ethanol as a biofuel in the country. The increasing number of gasoline stations providing blended ethanol, changing lifestyles, rapid urbanization, and increasing disposable income are the factors driving the demand for the ethanol market in the Philippines. Furthermore, the growing government policies and rising concern for the environment would further fuel the growth of the ethanol market in the Philippines.
According to 6wresearch, the Philippines Ethanol Market size is expected to grow during 2020-2026. The ethanol market in the Philippines is projected to go through a negative growth in the economy during-2020 owing to the outbreak of the coronavirus pandemic and increasing COVID-19 cases in the country which has impacted various sectors as well as the chemical industry in the country. However, the market is expected to recover with healthy growth in the country over the upcoming years.
Based on the source, the sugar & molasses-based segment is dominating the ethanol market revenue share in the Philippines as sugarcane and molasses are used as feedstock in the Philippines, and also the production of these products is flexible. In terms of purity, the denatured segment is expected to hold a major share in the ethanol market revenue during the forecast period in the Philippines as it is a solvent and a fuel and can be combined with other chemicals coupled with growing usage in the household chemical industry for pharmaceutical uses, pest extermination, window cleaning, and others.
The Philippines Ethanol Market report thoroughly covers the Philippines Ethanol Market by purity, source, and application. The Philippines Ethanol Market outlook report provides an unbiased and detailed analysis of the ongoing Philippines Ethanol Market trends, opportunities/high growth areas, market drivers, and Philippines Ethanol Market share by companies, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
The Philippines ethanol market is projected to gain traction towards growth during the forecast period 2020-26F on the back of steadily rising in the tourism sector with a high prevalence of chronic disease with rising concern towards maintaining personal hygiene by using ethanol as hand sanitizers is the factor which is leading to drive a lucrative opportunity and making serious headway towards growth ethanol market in the foreseeable future. Moreover, rising government initiatives by investing in biofuel infrastructure coupled with rising sugarcane and molasses ethanol production have led to increased significant demand for ethanol and would be expected to spur the growth of the Philippines ethanol market in the coming years.
The Philippines 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. Philippines Ethanol Market Overview|
|3.1 Philippines Ethanol Market Revenues and Volume, 2016-2026F|
|3.2 Philippines Ethanol Market Revenue Share, By Purity, 2019 & 2026F|
|3.3 Philippines Ethanol Market Revenue Share, By Source, 2019 & 2026F|
|3.4 Philippines Ethanol Market Revenue Share, By Application, 2019 & 2026F|
|3.5 Philippines Ethanol Market - Industry Life Cycle|
|3.6 Philippines Ethanol Market - Porter’s Five Forces|
|4. Philippines Ethanol Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. Philippines Ethanol Market Trends|
|6. Philippines Ethanol Market Overview, by Source|
|6.1 Philippines Sugar & Molasses Based Ethanol Market Revenues and Volume, 2016-2026F|
|6.2 Philippines Grained Based Ethanol Market Revenues and Volume, 2016-2026F|
|6.3 Philippines Second Generation Ethanol Market Revenues and Volume, 2016-2026F|
|7. Philippines Ethanol Market Overview, by Purity|
|7.1 Philippines Ethanol Market Revenue and Volumes, By Denatured, 2016-2026F|
|7.2 Philippines Ethanol Market Revenue and Volumes, By Non-Denatured, 2016-2026F|
|8. Philippines Ethanol Market Overview, by Application|
|8.1 Philippines Ethanol Market Revenue and Volumes, By Industrial Solvent, 2016-2026F|
|8.2 Philippines Ethanol Market Revenue and Volumes, By Fuel & Fuel Additives, 2016-2026F|
|8.3 Philippines Ethanol Market Revenue and Volumes, By Beverages, 2016-2026F|
|8.4 Philippines Ethanol Market Revenue and Volumes, By Disinfectant, 2016-2026F|
|8.5 Philippines Ethanol Market Revenue and Volumes, By Personal Care, 2016-2026F|
|8.6 Philippines Ethanol Market Revenue and Volumes, By Others, 2016-2026F|
|9. Philippines Ethanol Market Key Performance Indicators|
|10. Philippines Ethanol Market Opportunity Assessment|
|10.1 Philippines Ethanol Market Opportunity Assessment, By Purity, 2026F|
|10.2 Philippines Ethanol Market Opportunity Assessment, By Source, 2026F|
|10.3 Philippines Ethanol Market Opportunity Assessment, By Application, 2026F|
|11. Philippines Ethanol Market Competitive Landscape|
|11.1 Philippines Ethanol Market By Companies, 2019|
|11.2 Philippines Ethanol Market Competitive Benchmarking, By Operating Parameters|
|12. Company Profiles|
|13. Key Strategic Recommendations|